Economy
While millions of Americans have lost their jobs during the pandemic, consumer spending on goods went up 7.2 percent from January to September, according to the Bureau of Economic Analysis. And some of that spending includes items people now regret. Some were meeting basic needs, from canned corn to houses. Others took advantage of big sales to buy clothes they won’t wear this year. And still others bought goods from gadgets to boats they thought would keep them entertained, but are now sitting unused.
A Sci-Fi Dreamer’s Poisoning Death Shocks China (newsbuoy)
He was sometimes called the “billionaire millennial,” and his ambitions were no less grand than his nickname.
Lin Qi, a 39-year-old video game tycoon, had spent a small fortune buying up the rights to a Chinese science fiction novel called “The Three-Body Problem.” A tale of alien invasion that intertwined cosmic machinations with the horrors of China’s Cultural Revolution, the book had become an unlikely international best seller that counted Barack Obama among its admirers.
Oil prices edge lower ahead of OPEC meeting and output level discussions
SINGAPORE – Oil prices edged lower on Monday, the first day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers.
Brent crude for March was at $51.76 a barrel, down 4 cents or 0.08%, by 0038 GMT while U.S. West Texas Intermediate crude for February fell 9 cents, or 0.2%, to $48.43 a barrel.
President Trump Signs Bill Giving Intelligence Agencies 180 Days To Reveal The Truth About UFOs
On December 28th, President Donald Trump signed into law a huge spending bill that allocates $1.4 trillion in federal funding for the 2021 fiscal year. The bill covers a lot issues, but one in particular that has caught the attention of some media outlets is the topic of unidentified aerial phenomenon, also known as UFOs or UAPs. This large spending bill also contains the Intelligence Authorization Act, which outlines clandestine reporting requirements to the congress.
Biden team defends Yellen making millions in speaking fees from big corporations
The Biden team responded this weekend to criticism of President-elect Joe Biden’s treasury secretary pick Janet Yellen after it was revealed she raked in more than $7 million as a speaker from Wall Street firms and other corporations after leaving the Federal Reserve in 2018.
“Janet Yellen is among the pre-eminent economic policymakers in the world today. Since leaving the Fed after several decades in public service, she has spoken at economic conferences, universities and to business groups and financial institutions about her experiences …”
Millions of Americans who are hours away from losing unemployment aid or the small business they have spent years building have a simple plea to President Trump and Congress: Please help us.
The Washington Post has been inundated with messages and phone calls from people on the verge of losing their homes and cars and going hungry this holiday who are stunned that President Trump and Congress cannot agree on another emergency aid package. Several broke down crying in phone interviews.
Bitcoin tops $34,000 as record rally continues
Bitcoin’s value surged above $34,000 (£24,850) for the first time on Sunday as the leading cryptocurrency continued to soar.
It put the gain this year at almost $5,000, although by 17:00 GMT the price had drifted lower to about $33,000, according to the Coindesk website.
The rise was put down to interest from big investors seeking quick profits.
Gold & Silver
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