Debt Matters

Reaching the debt ceiling has a myriad of consequences. Here's your daily news digest for 12 May 2023.

Debt Matters
Photo by Avery Evans / Unsplash
Why the Debt Ceiling Continues to Matter - The American Spectator | USA News and PoliticsThe American Spectator | USA News and Politics
The debt-ceiling standoff has people concerned about what will happen if the U.S. defaults on its debt. I certainly hope both sides will come together to avoid this outcome. But it is still worth reminding everyone how incredibly precarious the…


Australian ABC: “And the government should do something about it!”
Australian ABC: “And the government should do something about it!”. By Damian Coory. Here’s an amusing game to play… Listen to any ABC News bulletin — television or radio — …
Five Million Australian Families To Recieve No Reprieve From Skyrocketing Energy Bills
“This week’s Federal Budget saw spending increases, which a wide range of economic commentators are already warning will only exacerbate Australia’s inflation crisis, confirming the IPA’s research.”
Lisa Wilkinson disputes Bruce Lehrmann prosecutor’s claim she was warned over Logies speech
Wilkinson says Shane Drumgold did not tell her publicity over the case posed risk to the trial, contradicting ACT director of public prosecutions


Washington Wants War with China Served Hot, Not Cold | The Libertarian Institute
The ruling class in Washington is planning on using America’s sons and daughters as cannon fodder to wage their long-awaited war against China. President Joe Biden along with the other de facto employees of the military industrial complex, including in Congress, have not made their plans a secret. C…
Kiev held actress hostage to turn her Russian husband – FSB
The FSB says it deceived the Ukrainian security service into releasing the wife of an official, who the SBU allegedly arrested for leverage
World Bank Sent Funds to Sanctioned Chinese Companies Linked to Military, Human Rights Abuse
The World Bank sent $25 million in 2021 to Chinese companies that are on U.S. sanctions lists for military and human rights abuses, according to a federal review of the contracts.

Business, Finance & Investment

How inflation is still crushing consumers
A declining rate of inflation is obviously good news, but past inflation is locked in—and wrecking family budgets.
Time To Short Shopify $SHOP Again
The following commentary is from the May 7th issue of the Short Seller’s Journal. Follow this link to learn more about this newsletter: Short Seller’s Journal info. SHOP reported its Q1…
Why Does the Federal Reserve Target 2% Inflation? | Peter Jacobsen
We often hear about the Federal Reserve’s 2% inflation target, but why target a rate of inflation, and why not target 0%? There are a few common justifications for this long-standing policy.


Trump CNN Town Hall Turns Into Hit Job Within Minutes
A CNN anchor kicked off a town hall event with former President Donald Trump by repeating partisan narratives about the 2020 election.
Tucker Carlson announces his return - The New Neo
It will be on Twitter. See this.
Snapchat’s ‘My AI’ Is A Dumpster Fire
Snapchat’s ‘My AI’ chatbot is rife with privacy breaches and raging partisanship, putting its adolescent targets at risk.

Crypto & Blockchain

Easy Crypto - The world’s choice for crypto
The world’s favourite place to buy and sell Bitcoin and other cryptocurrencies. Delivery in less than 2 minutes, easiest order process, and we’re open 24/7.
Crypto Derivatives Market Share Hits All-Time High
Binance continues to be the dominant crypto derivatives trading platform.
PayPal Holds Close to $1B Crypto for its Customers
Fintech giant PayPal revealed it “safeguards” close to $1 billion in cryptocurrency assets for its clients. The bulk of the assets are in Bitcoin and Ether.


Visualizing Global Attitudes Towards AI
We visualize survey results from over 19,000 adults across 28 countries to see how attitudes towards AI differ around the world.

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