Senators threaten to delay coronavirus relief bill — Sen. Bernie Sanders later released a statement saying that unless the senators drop their "anti-worker objections," he is prepared to block the legislation in order to impose "strong conditions on the $500 billion corporate welfare fund."
Jerome Powell: Fed Weighing Costs, Benefits and Trade-offs of Digital Currency — Federal Reserve Chairman Jerome Powell answered questions posed by Rep. Bill Foster (D-Illinois) regarding the competitive threat to the U.S. dollar's status as a global reserve currency by China's ambitions to create a digital yuan and the proposal of Libra. Source: Financial Services Committee hearing, Feb. 11, 2020.
Trump Administration Asks States To Withhold Unemployment Numbers — The United States Department of Labor sent an email to state officials asking them to only use loose terms like "very high" or "large increase" when talking about unemployment rates and not mention specific numbers, according to the Times.
Cashing In: How to Make Negative Interest Rates Work — In a cashless world, there would be no lower bound on interest rates. A central bank could reduce the policy rate from, say, 2 percent to minus 4 percent to counter a severe recession.
How To Keep The Digital Dollar Democratic — On March 23rd House Democrats did something I and many others have been advocating for some time – draft plans to legislate into existence a digital dolla
'Digital Dollar' Stripped From Latest US Coronavirus Relief Bill — House Democrats' latest version of the "Take Responsibility for Workers and Families Act," revealed late Monday, does not contain any language around a "digital dollar" in its section on direct stimulus payments.
How To Keep The Digital Dollar Democratic — On March 23rd House Democrats did something I and many others have been advocating for some time – draft plans to legislate into existence a digital dollar, along with a system of digital wallets
House unlikely to get bill to Trump by Wednesday — The House is unlikely to vote on a $2trn coronavirus economic stimulus package on Wednesday as leaders wait for the Senate to first approve it, according to a senior Democratic aide.
Marijuana Inc: Inside America's Pot Industry — CNBC goes behind the scenes to explore the inner workings of this secretive industry, focusing on Northern California's "Emerald Triangle," now the marijuana capital of the U.S. In this scenic pocket of America, the pot business, much of it legal under state law, now makes up as much as two-thirds of the local economy.
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