"Switzerland’s fast-growing cryptocurrency industry could have full access to conventional banking services by the end of the year, removing one of the restrictions to future growth, a top Swiss policymaker has said."
"The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market."
"The California Supreme Court shot down the controversial initiative from appearing on the November ballot in a unanimous decision, writing that 'significant questions have been raised regarding the proposition's validity.'"
"Fiscal-Gonzalez said she didn't know taking the shells from the beach was illegal. She was planning to give the state-protected mollusks away as gifts."
"The White House budget office now estimates that the deficit will rise to nearly $1.1 trillion in the fiscal year that begins this October, or 5.1% of gross domestic product, up from $984 billion projected in February’s budget proposal. The U.S. ran a deficit of $666 billion for the fiscal year that ended Sept. 30, 2017, or 3.4% of GDP."
"Roughly 15,000 Boers are ready to leave their country and begin a new life in Russia."
"In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead. They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally."
"About $1 trillion worth of stocks listed in China's two main markets, Shanghai or Shenzhen, are being pledged as collateral for loans. This trend has exploded in the past three years."
"Officials no longer want to publicize what kind of transactions fall under the reporting requirement. They worry that making too much information public will give money launderers a road map to stay off the radar of regulators."
"The 'Section 232' probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors have caused them to cut capacity and lay off workers."