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President Trump’s nomination of Jerome Powell as the next chairman of the Federal Reserve System is a bet that he will continue Janet Yellen’s policies and not rock financial markets. The expectation is that Powell will follow the Fed’s already-announced normalization schedule, which calls for slowly reducing…

The post Powell’s Challenge: Unwinding the Fed’s Unconventional Monetary Policy appeared first on Alt-M.

The president just announced his pick to chair the Federal Reserve  System. Subject to Senate confirmation, current Fed governor Jerome “Jay” Powell will succeed Janet Yellen as Fed chair in February 2018. Market reaction to this announcement has been sanguine, with commentators describing Powell as the “continuity candidate.”…

The post Trump Taps Jerome Powell to Chair Fed appeared first on Alt-M.

A man, Sonny Melton, 29, died, shielding his wife from the bullets.

Another commandeered a truck to drive victims of the Oct. 1 massacre in Las Vegas to the hospital.

At first, Vanessa, a concertgoer, fled the Vegas venue, which was being sprayed with bullets from high-velocity rifles. Then, she turned and ran back. She credits her professional sense of duty as a nurse. We all know it was Vanessa’s heart that enabled her to push past the fear and place herself in the crosshairs.

read more at http://www.unz.com/imercer/the-pale-patriarchal-people-were-all-over-las-vegas-like-white-on-rice/

summary via R3publican

China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease…

The post Can the Government Destroy Bitcoin? appeared first on Alt-M.