Economy
The reason why history rhymes is that humanity is still using Wetware 1.0 and so humans respond to scarcity, abundance and conflicts over them in the same manner.
I am struck by similarities between the conflict-torn mid-1600s and the present: global climate change (The Little Ice Age in the 1600s), political upheavals and wars which intertwined civil and imperial conflicts.
Programmer has two password guesses left before losing $266M in Bitcoin
A German-born programmer in San Francisco has now used up eight of 10 password attempts he has to unlock the hard drive containing the private keys to his Bitcoin wallet, which contains 7,002 Bitcoin (BTC). As of press time, those holdings would be worth $268 million — that is, if only they were accessible.
As a New York Times profile on Jan. 12 outlined, Stefan Thomas uses a hard drive called an IronKey, but lost the paper on which he wrote down the password for the device “years ago.” If Thomas fails to remember it, 10 failed guesses will result in the drive encrypting its contents forever. He has, so far, tried eight guesses with no luck.
Ron Paul Posts Criticism Of Censorship On Social Media Shortly Before Facebook Blocks Him
We have been discussing the chilling crackdown on free speech that has been building for years in the United States. This effort has accelerated in the aftermath of the Capitol riot including the shutdown sites like Parler. Now former Texas congressman Ron Paul, 85, has been blocked from using his Facebook page for unspecified violations of “community standards.” Paul’s last posting was linked to an article on the “shocking” increase of censorship on social media. Facebook then proceeded to block him under the same undefined “community standards” policy.
Unemployment claims jump to highest level since August amid COVID-19 surge
The number of Americans filing for first-time unemployment aid last week jumped to the highest level since mid-August, the latest sign the economy’s recovery is stalling amid a surge in COVID-19 infections nationwide.
Figures released Thursday by the Labor Department show 965,000 Americans filed first-time jobless claims in the week ended Jan. 9, higher than the 795,000 forecast by Refinitiv economists.
COVID-19 doesn’t infect key US bat species, Madison researchers find
Big brown bats, a bat species common in North America, are resistant to infection with the coronavirus that causes COVID-19, according to research at the Madison-based National Wildlife Health Center.
The findings ease concerns that wild bats in the U.S. and Canada can be infected by humans or spread the virus known as SARS-CoV-2 to other animals, the researchers said. But more than 40 other bat species found on the continent were not tested.
US businesses could save over $500B each year if workers partially telecommuted
Employers could collectively save over $500 billion each year if they implement a hybrid work model where employees alternate between their home and the office after the coronavirus pandemic ends.
According to Global Workplace Analytics, companies could stand to save approximately $11,000 per employee. These figures were estimated based on if the 48 million full-time employees in the U.S. with remote-work-compatibility were to work from home on an average of 2.5 days a week.
Biden Seeks $1.9 Trillion for Relief in First Economic Plan
President-elect Joe Biden will ask Congress for $1.9 trillion to fund immediate relief for the pandemic-wracked U.S. economy, a package that risks swift Republican opposition over big-ticket spending on Democratic priorities including aid to state and local governments.
“We have to act and we have to act now,” Biden said Thursday night in Wilmington, Delaware. He said he would lay out a second, broader economic recovery plan next month at a joint session of Congress next month.
Trump takes final swipes at China’s big companies
Donald Trump has taken a final swipe at China and its biggest companies, imposing more sanctions and investment bans in his last days of office.
Nine Chinese firms have been added to the Pentagon’s blacklist of alleged ties to the Chinese military, including phone maker Xiaomi. Mr Trump has ramped up action against a host of companies he believes are a security threat in recent months.
Gold & Silver
Click to read the PM Daily Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
The post Daily Digest 1/14 – Is 2021 an Echo of 1641?, Biden Seeks $1.9 Trillion for Relief in First Economic Plan appeared first on Peak Prosperity.
from Peak Prosperity https://ift.tt/3ifFIAt
