The Sy Hersh effect: killing the messenger, ignoring the message

Negative Equity Leaves 30% Of Car-Buyers Underwater On Trade‑Ins Authored by Andrew Moran via The Epoch Times, Almost one-third of American car buyers with a trade-in owe more than the vehicle is worth, new industry data show. About 30.5 percent of buyers trading in a car toward a new vehicle maintained negative equity, according to a JD Power report released on March 26. This is up 4.2 percentage points from a year ago and has been steadily rising since 2022, “as consumers who purchased during the peak of inventory shortages 4 years ago...

Coinbase Opposes Stablecoin Compromise In Senate Crypto Bill: Report Authored by Jesse Coghlan via CoinTelegraph.com, Crypto exchange Coinbase is reportedly against the latest compromise over stablecoin yields that the Senate is looking to include in its crypto market structure bill. Coinbase representatives told Senate lawmakers in a meeting on Monday that they had concerns over the language around stablecoin yields in the new compromise version of the bill, Punchbowl News reported Wednesday, citing four people briefed on the exchange. A proposal that circulated earlier this week would have reportedly prevented third parties, such as exchanges,...