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Three Arrows Capital failed to meet demands from lenders to stump up extra funds after its digital currency bets turned sour, tipping the prominent crypto hedge fund into a crisis that comes as a credit crunch grips the industry. The group’s failure to meet margin calls this past weekend makes Three Arrows the latest victim of an acute fall in the prices of many tokens such as bitcoin and ether that is rippling across the market. Singapore-based Three Arrows is among the biggest and most active players in the crypto industry with investments across lending and trading platforms. Lenders have...

May/June 2022 cover Foreign Affairs Magazine Homepage SIGN IN Foreign Affairs Magazine Homepage ExploreSign In Of all the intractable issues that could spark a hot war between the United States and China, Taiwan is at the very top of the list. And the potential geopolitical consequences of such a war would be profound. Taiwan—“an unsinkable aircraft carrier and submarine tender,” as U.S. Army General Douglas MacArthur once described it—has important, often underappreciated military value as a gateway to the Philippine Sea, a vital theater for defending Japan, the Philippines, and South Korea from possible Chinese coercion or attack. There is...

. @RandPaul asked Dr. Fauci: "Can you tell me if anyone on the vaccine approval committees ever received money from the people who make vaccines?" You really need to hear the good doctor's answer... Video... [2 mins]

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Picture yourself on BART. Now subtract half a century of technology and add on-board dining, a ferry connection and windows that passengers could open to catch a breeze. The image forming in your mind should start to resemble the Sacramento Northern, one of the Bay Area’s vanished electric railroads and a forerunner of BART. As late as 1940, the company operated trains from San Francisco and Oakland to Walnut Creek, Concord and points northeast all the way to Chico. The railroad disappeared in phases. It was done in by cars, competition and the cost of renewal. Today, BART and Capitol...

My latest song. Don't be a fool, get with the cool.

“A reproof entereth more into a wise man than an hundred stripes into a fool. An evil man seeketh only rebellion: therefore a cruel messenger shall be sent against him” (Proverbs 17:10-11).

A King County audit released Tuesday revealed racial disparities in arrests and uses of force, a lack of comprehensive data to analyze the role of race in officer relations, and highlighted several steps the King County Sheriff’s Office can take to improve its equity and transparency. Black people make up 7% of King County, but account for 25% of the arrest in the county, according to the report. “This means black people are 350% more likely to be arrested by the King County Sheriff’s Office on a per capita basis,” Gee Scott, co-host of the Gee and Ursula Show on...

In May, the Ukrainian hardware store chain Epizentr had a very special offer: flak jackets for the equivalent of 400 euros each. A lot of money by Ukrainian standards. A scandal ensued because the manufacturer of the vests, a company in Lviv in western Ukraine, recognized them on the chain's website by the fabric and the visible barcode on the goods and sounded the alarm. It turned out that the Lviv company had sold the vests to the Cherkassy regional administration, which in turn wanted to "give away" vests to the army as part of a PR campaign. However, the...

Left-leaning CNN political analyst Van Jones praised Florida Gov. Ron DeSantis on Thursday for what he described as a “very smart” response to billionaire Elon Musk’s tweet expressing potential support for the governor in the 2024 presidential election cycle. Jones weighed in after CNN aired a clip of DeSantis’ response to a tweet in which Musk said he was leaning toward backing the Florida governor if he runs for president in 2024. The South Africa native also noted that he supported Andrew Yang during the 2020 election but “DeSantis has a better chance of winning.” “So what I would say,...

Stephen Curry swished a deep three-pointer midway through the third quarter, backpedaled down the court and allowed himself a quick indulgence. As the Boston Celtics called a timeout to gather themselves, the Golden State Warriors star turned to the sideline and pointed at his right ring finger. There were 18 minutes left, but Curry was sure his fourth championship was already in hand. The Warriors defeated the Boston Celtics, ­103-90, in Game 6 of the NBA Finals on Thursday night, completing an exhilarating comeback from a 2-1 series deficit to complete a 16-6 run through the playoffs to win their...

Ford Motor Co.’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs. “We actually had a positive bottom line profit when we launched the Mach-E, commodity costs have wiped that out,” Chief Financial Officer John Lawler said Wednesday at the Deutsche Bank Global Automotive Conference, referring to 2020, when the vehicle went on sale. “You’re going to see pressure on the bottom line when we launch our EVs, they’re not going to be positive.”

NEW YORK — One of Ghislaine Maxwell’s fellow detainees at the Brooklyn federal lockup plotted to murder her, a defense lawyer said in a court filing Wednesday aimed at lightening Maxwell’s sentence on sex trafficking charges for procuring young women for Jeffrey Epstein. “(One) of the female inmates in Ms. Maxwell’s housing unit told at least three other inmates that she had been offered money to murder Ms. Maxwell and that she planned to strangle her in her sleep,” wrote lawyer Bobbi Sternheim. Maxwell’s lawyer included the claim in papers filed ahead of her sentencing on June 28. “The inmate...

The Washington Examiner recently gained access to texts on Hunter Biden’s laptop with the help of a computer expert. One of the newly acquired texts addressed the scandal over his lost gun. In prior interviews, Hunter insisted that he was never aware of federal law enforcement getting involved in the case and did not believe that it was true. However, in the text, he attacked his sister-in-law Hallie for throwing out the gun. He laments that her tossing the gun to protect him meant that the matter was now “in the hands of the FBI.” We previously discussed the gun...

The Biden administration’s immigration policy continues to allow an unknown number of gang members and violent criminals into our country.Kevin Granados-Coreas, a.k.a. “Lonely,” was sentenced Friday to 23 years to life in prison for his role in the 2017 murder of a Long Island man by MS-13 gang members.His case highlights how the Biden administration’s immigration policy continues to allow an unknown number of gang members and violent criminals into our country, fueling crime and worsening the opioid epidemic. Gang members are often undocumented — that is, not vetted or legally present in the United States.The Biden administration has been...

A man who was trying to steal gas from a parked up box truck accidentally set himself ablaze in the process as fuel prices continue to soar. The shocking incident was all caught on surveillance camera footage as the man could be seen attempting to siphon fuel from the tank of a vehicle next to which he had parked his own white pickup in Salt Lake City. Authorities believe the man was using a drill in order to access the gas tank during which a spark ignited the flammable liquid. Static electricity, or sparks caused by the friction from the...

Chinese local banks are freezing deposits. Protestors cannot go near banks as their health app for COVID-19 turns red. Authorities provided no explanation...As The Epoch Times' Dorothy Li reports, several depositors told The Epoch Times on June 14 that the health code on their COVID-19 app turned red as soon as they scanned venue barcodes at Zhengzhou, the provincial capital city of central China’s Henan Province.A red health code - indicating a potential COVID-19 patient - means the carrier is barred access to all public places from public toilets to shops to train stations, and faced mandatory quarantine in centralized...

This week, Joe Biden made a big deal out of sending a “warning letter” to U.S. refineries about their supposedly inflated profit margins this year. It was part of his strategy of attempting to blame the oil and gas industry for the high prices everyone is paying for gas, diesel, and heating oil. (At least when he’s not trying to blame Vladimir Putin.) In very short order, two associations representing different elements of the industry got together and sent a letter right back to the President. The American Fuel & Petrochemical Manufacturers (AFPM) joined with the American Petroleum Institute (API)...

PHILADELPHIA (CBS) — A brutal and unprovoked attack was caught on camera. Three women were walking along an East Passyunk sidewalk minding their own business when a man comes alongside and begins to punch them. The brutal assault happened Wednesday night on the 1200 block of Morris Street and has left the neighborhood on edge. The attacker didn’t take a thing from his victims, casually walking off when it was over. We do want to warn you that this video is difficult to watch. “I heard screaming,” a neighbor said. Three women were walking down the 1200 block of Morris...

COVID’s lawn gnome, National Institute of Allergy and Infectious Diseases Director Anthony Fauci may be suffering from the Wuhan virus after a couple of vaccines and two or three boosters (Tony Fauci, the Quadruple Vaxed, Double Masked Oracle of Nonsense, Has COVID) but he still appeared before a full committee meeting of the Senate Committee on Health, Education, Labor, and Pensions titled An Update on the Ongoing Federal Response to COVID-19: Current Status and Future Planning. Senator Rand Paul was there waiting.There was some speculation yesterday that Fauci might be feigning illness to avoid Paul, but thanks to technology, Fauci...