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Keyword: cash

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  • Cash, long a refuge in uncertain times, now under suspicion

    05/20/2020 2:57:32 AM PDT · by SaveFerris · 69 replies
    AP ^ | today (hey it says that) - 5/20/2020 | By ZEINA KARAM
    BEIRUT (AP) — In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus, is a source of suspicion rather than reassurance. No longer a thing to be shoved mindlessly into a pocket, tucked into a worn wallet or thrown casually on a kitchen counter, money’s status has changed during the virus era — perhaps irrevocably. The pandemic has also reawakened debate about the continued viability...
  • Cash Could Be Spreading The Coronavirus, Waarns The World Health Organization

    03/22/2020 11:46:36 AM PDT · by Enlightened1 · 70 replies
    Business Insider ^ | 03/05/20 | Bryan Pietsch
    Cash could be spreading the novel coronavirus, according to the World Health Organization.The WHO told Business Insider that people should wash their hands after handling cash, especially before eating.People should use contactless payments instead, the WHO told The Telegraph.In February, China said it would destroy cash from areas highly affected by the coronavirus in an effort to slow the spread.Cash could be contributing to the spread of COVID-19, the disease caused by the novel coronavirus, according to the World Health Organization.The WHO told The Telegraph that the coronavirus could remain on money for days after being exposed to it and that people should avoid touching their...
  • Filthy lucre: Paper money shunned for fear of virus spread

    03/21/2020 4:11:29 AM PDT · by SkyPilot · 64 replies
    AP News ^ | 20 Mar 20 | Ken Sweet
    In a world suffering a pandemic, cash is no longer king. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading coronavirus. Public officials and health experts have said that the risk of transferring the virus person-to-person through the use of banknotes is small. But that has not stopped businesses from refusing to accept currency and some countries from urging their citizens to stop using banknotes altogether. Open Books, a non-profit bookstore in Chicago, sent...
  • How coronavirus impacts climate change with emissions reductions (only 10.89 years left)

    03/05/2020 5:05:15 PM PST · by Libloather · 13 replies
    Good Morning America via MSN ^ | 3/05/20 | Julia Jacobo
    The emergence of the coronavirus as a world health epidemic and fears of it spreading have halted air and ground travel in some regions of the world and stalled it elsewhere, significantly reducing the amount of carbon emissions being released into the atmosphere. Pollution monitoring satellites from NASA and the European Space Agency have detected significant decreases of nitrogen dioxide over China since Jan. 1, following the outbreak of the virus -- evidence that the noxious gas being emitted by motor vehicles, power plants and industrial facilities has nearly come to a complete stop. And China isn't the only part...
  • Avoid cash to stop coronavirus spreading, World Health Organisation warns

    03/03/2020 9:07:35 PM PST · by Berlin_Freeper · 88 replies
    metro.co.uk ^ | 3 Mar 2020 | Sam Courtney-Guy
    Global health authorities have advised people to use contactless payments instead of banknotes where possible in order to stop spreading the new coronavirus. Health experts have previously warned that the virus can survive on inert surfaces long enough to infect new hosts, although the risk is believed to be lower than human-to-human contact. But a spokesperson for the World Health Organisation (WHO) told the Telegraph on Monday that the virus can remain infectious on banknotes for several days. The Bank of England has also acknowledged that banknotes ‘can carry bacteria or viruses’ and encourages shoppers to wash their hands after...
  • Climate change is threatening winter sports' very existence (only 10.90 years left)

    03/01/2020 12:51:54 PM PST · by Libloather · 42 replies
    CNN via MSN ^ | 2/29/20 | Derek Van Dam
    A warming planet has major ramifications on winter snowpack across the globe, including a long-term drying trend for many. That's a concern for winter sports enthusiasts and communities that depend on snow throughout the year. Not many understand this better than the climate advocacy group known as Protect Our Winters (POW). The group is an organization of professional athletes and like-minded individuals fighting for policy to protect winter sports and mountain communities. "Increased temperatures are melting away both my sport and my livelihood," professional ski mountaineer and POW representative Caroline Gliech told the US Senate late last year. This year...
  • Tonight’s Democratic Debate In South Carolina Could Finally See Tough Talk On Climate (ZERO questions asked, bartender pissed)

    02/26/2020 5:11:42 PM PST · by Libloather · 8 replies
    Forbes ^ | 2/25/20 | Eric Mack
    Charleston, South Carolina got a glimpse of its potential future in September when Hurricane Dorian grazed the South Carolina coast, bringing the three-headed monster of heavy rain, storm surge and extreme high tides with it. Tuesday night, seven Democratic candidates for President will take the stage in Charleston and try to make their cases for how they’ll stem the intensification of climate change, which is fueling that future marked by increased risk of powerful storms and chronic flooding across the Southeast. It’s been less than a week since the last Democratic debate in Nevada, where six candidates - former New...
  • Rep. Elijah Cummings left $1 million in campaign funds when he died. His treasurer says he had a plan for it

    01/05/2020 3:31:53 AM PST · by Libloather · 21 replies
    Baltimore Sun via MSN ^ | 12/31/19 | Jeff Barker
    WASHINGTON — The late U.S. Rep. Elijah Cummings of Baltimore left $1 million in unspent campaign funds, according to election records. That raised an unanswered question: What happens to all that money now? In Washington, the campaign accounts of deceased and former lawmakers can legally stay active for years. Under federal election rules, the “Cummings for Congress Campaign Committee” is permitted to contribute - within certain limits - to federal, state or local candidates, political party committees or political action committees. That’s a course that many other congressional campaign accounts have taken. But Cummings, a Democratic House leader known for...
  • Obama Strikes a Deal--With Qassem Suleimani (2015)

    01/03/2020 4:58:35 AM PST · by Erik Latranyi · 29 replies
    Hudson Institute ^ | 14 July 2015 | Lee Smith
    Obama likes Suleimani, and admires his work. As the president reportedly told a group of Arab officials in May, the Arabs “need to learn from Iran’s example.”
  • Bloomberg’s campaign ad spending tops $155 million

    01/02/2020 3:08:59 PM PST · by tcrlaf · 35 replies
    Reading Eagle ^ | 1-2-2020 | Bill Allison
    WASHINGTON — Michael Bloomberg spent $155.3 million nationally on political ads in 2019, far outpacing fellow billionaire Tom Steyer and other Democratic presidential candidates gearing up for early caucus and primary contests beginning in February. Bloomberg’s presidential campaign has bought $136.8 million worth of broadcast television time and $7.7 million on cable, according to data from Advertising Analytics, which tracks political ad spending. He spent an additional $10.8 million on digital ads.
  • Why Is the World's Cash Disappearing? Banks Are Asking, But No One Seems to Know

    12/17/2019 8:37:59 AM PST · by SeekAndFind · 58 replies
    PJ Media ^ | 12/17/2019 | Stephen Green
    You had one job. Technically, bankers have a lot of different jobs, but in the end, they all come down to one basic skill: Knowing where all the money is, all the time. The big vaults? The armed guards? The monthly statements? The paperwork... the endless paperwork? All of those things, and even the serious suits they wear, are supposed to send a message: We can account for your money, right down to the penny. Things get more complicated at the macroscale, where the Federal Reserve and other nations' central banks operate. Their job is to know so much about...
  • Mueller witness bragged about access to Clintons secured with foreign cash, says Justice Department

    12/05/2019 12:11:54 PM PST · by Libloather · 15 replies
    Yahoo ^ | 12/05/19 | Luppe B. Luppen, Michael Isikoff
    An emissary for two wealthy Arab princes boasted to unnamed officials of a Middle Eastern government about his direct access to Hillary and Bill Clinton while funneling more than $3.5 million in illegal campaign contributions to the former secretary of state’s 2016 presidential campaign and Democratic fundraising committees, according to a federal indictment announced by the Justice Department this week. “Wonderful meeting with Big Lady. … Can’t wait to tell you all about it,” George Nader allegedly wrote to an official of one of the foreign governments he advises in the Middle East after attending a political fundraiser with Hillary...
  • Michelle Obama’s new book is just another craven cash grab

    11/19/2019 12:44:08 PM PST · by ChicagoConservative27 · 21 replies
    nypost ^ | 11/19/2019 | Maureen Callahan
    Not content with more than 10 million books sold, a Netflix deal in the high eight figures, a joint publishing advance with husband Barack worth $65 million, a highly profitable world tour, speaking fees that by now surely average around $500,000 per, and a recently acquired waterfront Martha’s Vineyard mansion purchased for $15 million, Michelle Obama is back with another craven money grab. “Becoming: A Guided Journal for Discovering Your Voice,” is her new publishing venture.
  • ILLINOIS RED-LIGHT CAMERAS HAVE COLLECTED MORE THAN $1B FROM DRIVERS SINCE 2008

    10/15/2019 12:41:12 PM PDT · by george76 · 33 replies
    Illinois Policy Institute ^ | 10/15/2019 | Austin Berg, Ben Szalinski, Tivas Gupta
    Illinois local governments generated more than $1 billion in red-light camera revenue from 2008 to 2018.. Each red-light camera ticket in Illinois costs drivers up to $100.. Chicago has long been a poster child for red-light camera abuse. The city is home to the nation’s highest count of red-light cameras, a former high-ranking transportation official serving jail time for taking bribes from a red-light camera company, and a pricey settlement for drivers who a judge ruled did not receive proper notifications in the ticketing process. ... smaller local governments outside the city have installed almost as many red-light cameras as...
  • Elizabeth Warren has a history of collecting cash from billionaires

    10/15/2019 3:40:44 AM PDT · by Libloather · 8 replies
    NY Post ^ | 10/14/19 | Marisa Schultz
    WASHINGTON – Elizabeth Warren may have said “no” to billionaires, but many are saying yes to her. A review of Warren’s campaign donations to her presidential and Senate campaigns reveal that she’s received donations from more than 30 billionaires during her time in politics. Christopher Sacca, a venture capitalist who appeared on “Shark Tank”, gave $2,800 to Warren in May. The 2020 Democratic presidential candidate also netted two $2,500 contributions from GitHub founder Tom Preston-Werner’s wife, Theresa, in June. That same month Susan Pritzker, wife of Hyatt heir Nicholas Pritzker II, donated $2,500 to Warren. The donations run from 2011...
  • Americans fear climate change - and the cost of figuring it out (only 11.29 years left)

    10/05/2019 11:12:15 PM PDT · by Libloather · 40 replies
    Newsday ^ | 10/05/19 | Noah Smith
    Although the wealthy can and should be expected to make larger sacrifices than the middle class, it's vanishingly unlikely that any plan serious enough to slow global warming will leave the bulk of Americans financially untouched. But if Americans are going to be asked to engage in a war on climate change, they should understand the material and economic sacrifices that will be required of them. The best way to do this is to look at an ambitious, well-crafted climate plan like the one put forward by Washington Governor Jay Inslee. **SNIP** Much of this could be financed with taxes...
  • Fed Adds Longer-Term Cash To U.S. Banking System

    09/24/2019 9:52:03 AM PDT · by Enlightened1 · 34 replies
    Reuters ^ | 09/24/19
    he Federal Reserve on Tuesday injected longer-term cash into the U.S. banking system in an effort to meet the funding needs of banks and Wall Street following a bout of turbulence in money markets last week. The New York Federal Reserve added $30.0 billion cash into the banking system through 14-day loans to primary dealers. These 14-day term repurchase agreements (repo) were on top of the $75 billion in temporary cash through an overnight repo operation. Primary dealers, or the top 24 Wall Street firms that do business directly with Fed, borrow from the central bank by using their Treasuries...
  • Authorities discover nearly $4 million in an abandoned boat in Puerto Rico

    07/09/2019 11:05:11 AM PDT · by SMGFan · 15 replies
    CNN ^ | July 8, 2019
    After border patrol agents in Puerto Rico chased after a boat on Sunday, they found five duffel bags stuffed with $3.7 million in cash. US Customs and Border Protection agents, along with the DEA, made the seizure after tracking the vessel that was traveling without lights from Puerto Rico to the US Virgin Islands. As authorities followed the boat, it made an abrupt turn back toward Fajardo, on the east coast of Puerto Rico, and landed near the Rio Fajardo. Occupants in the vessel could be seen unloading bags, according to the press release. As agents closed in, they fled...
  • Why Trump had a wad of cash in his back pocket (Libs Go Completely Nuts)

    09/19/2019 11:23:26 PM PDT · by SaveFerris · 88 replies
    Yahoo News ^ | 14 hours ago | Dylan Stableford
    While boarding Air Force One during a fundraising swing through California, President Trump was photographed with multiple $20 bills visible in his back pocket. The photo, taken at Moffett Federal Airfield in Mountain View by Reuters photographer Tom Brenner on Tuesday, quickly went viral. Speaking to reporters aboard Air Force One on his return flight to Washington on Wednesday night, the president was asked about the photo and if he normally carries loose cash in his pocket. “I do! I do!” Trump said, pulling a large wad of cash from the right back pocket of his pants and holding it...
  • The superrich are selling stocks, buying properties and keeping cash ready

    08/05/2019 8:38:06 AM PDT · by aMorePerfectUnion · 32 replies
    Market Watch ^ | August 5, 2019 | Shawn Langlois
    The superrich blueprint to navigating this hairy stock market: Tap the brakes and get ready to pounce when it all goes to hell. And by the looks of Monday’s action, hell might not be too far away. In the first quarter, Tiger 21, a coalition of 750 members worth in excess of $75 billion, raised cash to levels not seen since 2013. Not much changed in the second quarter in terms of keeping powder dry. The group’s holding 12% in cash. What has changed, however, is that these deep-pocketed investors, in the call of the day, are continuing to move...