Economy
A guide to the new COVID-19 testing rules for travel to the US
The Centers for Disease Control and Prevention has ordered that all travelers flying to the U.S. from abroad will have to show proof of negative Covid-19 tests before boarding their flight starting Jan. 26. The CDC said preflight testing is necessary as Covid-19 cases continue to soar and new, more contagious strains of the virus emerge around the world.
Here is what you need to know about the new protocols before you take a trip.
In my 2011 book, Currency Wars, I gave a detailed description of the first-ever financial war game sponsored by the Department of Defense. This financial war game took place in 2009 at the top-secret Applied Physics Laboratory located about twenty miles north of Washington, D.C., in the Maryland countryside.
Unlike typical war games, the “rules of engagement” for this financial exercise did not permit the use of any kinetic weapons such as bombs, missiles or drones. The only weapons allowed were financial instruments including stocks, bonds, currencies, commodities and derivatives.
U.S. budget deficit hits $144 billion, record for the month
The U.S. government posted a December budget deficit of $144 billion – a record for the month – due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury Department said on Wednesday.
The Treasury said the December deficit compares with a $13 billion deficit in December 2019, before the COVID-19 pandemic started in the United States.
CRISPR gene editing used to store data in DNA inside living cells
DNA inside living bacterial cells has been edited with CRISPR technology to encode and store information. This could be a step towards developing a new medium for long-term data storage.
Life’s genetic information is stored in DNA, but there is growing interest in using DNA as a storage medium for other kinds of data. To do this, information is often encoded using the four DNA bases – adenine (A), cytosine (C), thymine (T) and guanine (G). The corresponding DNA sequence can then be chemically synthesised in a laboratory, and even stored within everyday objects.
U.S. Treasury-led report calls for overhaul of money market funds
U.S. policymakers need to consider major changes to make money market funds less vulnerable to investor runs, a working group led by the Treasury Department said on Tuesday, stopping short of making specific recommendations.
The group laid out several potential changes to those markets, in which the U.S. government intervened to stabilize after big outflows prompted by the coronavirus outbreak in March.
Brexit: Five surprising consequences
While the UK government had been warning of some disruption to trade as the new UK-EU relationship began at the beginning of 2021, some of the consequences seem to have taken people by surprise.
Here are five of the outcomes that have been in the news so far this year.
Environment
Big Freeze Complicates Snow-clearing Efforts In Spain
Extremely low temperatures, in some areas reaching record-breaking levels, swept central and eastern Spain on Tuesday, with the big freeze complicating efforts to clear countless roads blocked by snow.
With much of the country still blanketed in white following the worst snowstorm in decades, efforts resumed early to clear the streets of snow, ice and fallen trees despite the brutal cold.
Gold & Silver
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