Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data
Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects a Crash Landing Famed economist David Rosenberg warned that the U.S. economy may be headed for a crash...
FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money
Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,” the governor warned. Governor Ron DeSantis Proposes Law to Prevent Financial ‘Weaponization’ Through a CBDC Florida Governor Ron DeSantis announced...
Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the bank’s crypto banking business. FDIC Expects $2.5 Billion Loss from Signature...
Major Labels Want ISP to Pay Additional $12 Million in Piracy Liability Case
Last fall, several of the world’s largest music companies including Warner Bros. and Sony Music prevailed in their lawsuit against Internet provider Grande Communications. The record labels accused the Astound-owned ISP of not doing enough to stop pirating subscribers. Specifically, they alleged that the company failed to terminate repeat infringers. The trial took more than two weeks to complete and ended in a resounding victory for...
Zippyshare Quits After 17 Years, 45m Visits Per Month Makes No Money
When file-hosting service Zippyshare showed its first signs of life in September 2006, accessing the site using an iPhone was impossible; the smart phone’s existence wouldn’t be announced for another four months. Zippyshare’s success was built on solid yet basic foundations; straightforward free hosting of files, via a clean interface, at zero cost to the user. With relatively few options available elsewhere, Zippyshare was a huge...
