Where It's Hardest To Afford A Home

Stablecoin Yields Won't Harm Banks, White House Economists Say Authored by Amin Haqshanas via CoinTelegraph.com, A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of...

Stock Futures Flat As S&P Closes Out Best Quarter In 6 Years US index futures erased an earlier gain following some belligerent Iran headlines, but are still set to end a quarter that is set to be the S&P 500’s best in six years with markets behaving as though period-end dynamics have now completed. As of 8:30am, the S&P 500 was flat, pointing to a calm finish for the index that has surged 14% since the beginning of April. Nasdaq futures rose 0.1% erasing a sizable gain earlier, but on pace...

UK High Court Backs Facial Recognition Rollout Authored by Kit Knightly via OffGuardian.org, Yesterday evening, the UK’s High Court ruled in favour of the Metropolitan Police in a legal challenge pertaining to the use of Live Facial Recognition Technology (LFR) across London’s transport network. The case had been brought by Silkie Carlo of Big Brother Watch and Shaun Thompson, a youth worker who was previously misidentified by the technology, “over concerns it could be used arbitrarily or in a discriminatory way”. Specifically, their lawyers argued that the current powers claimed by police governing the...