regime uncertainty

Donald Trump Flaunts the Dangers of Presidential Power

"Barack Obama left office as the first two-termer in American history to have been at war every single day of his presidency. In his last year alone, U.S. forces dropped over 26,000 bombs on seven different countries. Trump blew past that tally nine months into his tenure. Indeed, this putatively 'isolationist' president has deepened entanglements on every battlefield Obama left him, ramping up airstrikes, kill-or-capture missions, and civilian casualties."

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Jamie Dimon says he regrets calling bitcoin a fraud

"'The blockchain is real,' Dimon added in the interview. 'You can have cryptodollars in yen and stuff like that. ICOs ... you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.'"

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Indian banks freeze major cryptocurrency exchange accounts

"Several major Indian banks have suspended the accounts of top Bitcoin exchanges in India. State Bank of India, Axis Bank, HDFC Bank, ICICI Bank, and Yes Bank cited suspicious payments in their decisions. The move comes after tax authorities sent notices to cryptocurrency investors warning that they must pay capital gains on their income from the virtual currency. For the few accounts still open, the banks have asked for more collateral, and have capped cash withdrawals."

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South Korea Plans to Hit Bitcoin Exchanges With Massive Tax Bills

South Korean cryptocurrency exchanges will this year need to pay 22% corporate and 2.2% local income taxes on last year’s earnings by the end of March and April respectively, if they had an annual income of over 20 billion won ($18.8 million) during 2016. The report suggested that the Bithumb exchange, for example, would need to pay around 60 billion won for its earnings during last year. On Sunday, Yonhap quoted another official as saying cryptocurrency exchanges would soon be required to share users’ transaction data with banks—another move that would help the authorities collect tax. South Korea’s ongoing cryptocurrency crackdown has been one of the prime causes of bitcoin’s recent volatility. Last month, the government instituted real-name policies for virtual-currency traders and banned investors from opening new accounts.

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Jeff Sessions Should Ask Cancer Patients about Cannabis

"Attorney General Jeff Sessions is actively lobbying Congress to overturn existing law prohibiting federal interference in state medical-marijuana policy. As someone who believes in strong constitutional limits on federal power and the rights of patients to choose, I am deeply disappointed. And as a cancer survivor who wanted the choice for myself, I wonder: does Sessions have any idea what it’s like?"

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Raising Millionaires’ Taxes Will Drive Them Away

"If New Jersey and Massachusetts approve new millionaires’ taxes, it is difficult to predict how much will be raised and where these funds will ultimately wind up. But if New York and California are any guide, income surtaxes will be destructive. When it comes to higher taxation, interstate migration is just the tip of the iceberg. Higher-tax states, for instance, see less innovative activity and scientific research according to an analysis by economists at the Federal Reserve and UC Berkeley. Any benefits of millionaires’ taxes do not make up for the economic and social toll caused by fewer innovative activities and correspondingly lower job creation."

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Deportations of fathers begin under Trump executive order

"Jorge Garcia pulled his family close for one final hug by security gates at Detroit Metropolitan Airport. His wife and 15-year-old daughter sobbed in his arms. His 12-year-old son stood stoically. Garcia was silent. Soon after, the 39-year-old landscaper from Lincoln Park, Michigan, boarded a plane bound for Mexico, deported to his home country on Monday after three decades of living, working and raising a family in the United States."

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