PayPal Crashes After Advent, Stripe Abandon $50 Billion Takeover Bid

Does Demand Create Supply? Authored by Frank Shostak via Mises Institute, By popular thinking, increases in demand cause economic growth. According to such thought, whenever the economy falls into a recession what is required is to strengthen demand. Since government is seen as an important part of total demand, what is then required is to increase government outlays, thereby lifting overall demand and hence increasing economic growth. According to the popular view, it is also possible to strengthen overall demand through the inflationary increases in money supply. With more money in their...

Yen Tumbles After Japan's PM Voices Concerns About Further Rate Hikes To BOJ The yen was already sliding on Monday after Nikkei Asia reported that the sharp swing we saw in USDJPY in January was initiated by FX intervention from US Treasury Secretary Bessent not Tokyo, even if Washington, D.C. is open to coordinated forex moves if requested by Japan. FX traders took this as evidence that, contrary to previous conventional wisdom, Japanese authorities were prepared to allow the USDJPY to continue climbing on Jan. 23 and it was only...

4 Charged With Fraud Involving Millions Of Taxpayer Dollars For Homelessness Aid Authored by Jacki Thrapp via The Epoch Times, Federal prosecutors in California on Sept. 16 announced charges against four people who are accused of diverting millions of taxpayer dollars meant for homeless housing and services to fund lavish lifestyles, including a new nightclub and bingo hall. The defendants accused in the separate schemes include nonprofit Home At Last founder Michael Young, CEO and executive director of The Big Blue Umbrella Donye Mitchell, and Special Service for Groups employee Lakiya Malone. The...