Firm teases mysterious design believed to be an electric 'hairdryer' craft it boasts will 'change future air power'
The one thing that could derail the cryptocurrency revolution faster than anything else would be interference by national governments or global central banks. Over the past few weeks, investors have been flocking to bitcoin, the digital currency whose value has soared by about 2,000 percent in the past year alone. And while many economists are cautioning against excitement about bitcoin — which is caught up in what may be one of the biggest speculative bubbles in history — it’s important to note just how revolutionary the technology may be.Indeed, the technology underlying bitcoin could fundamentally change the way we think of money.
"We’re all supposed to believe that President Trump, as a candidate, colluded with the Russian government to “steal” the 2016 election. There’s no serious evidence to that effect, despite a massive FBI investigation, a Congressional investigation, and a special counsel investigation initiated by the Department of Justice.
As Pensions & Investments notes, CalPERS' decision to hike their equity allocation had absolutely nothing to do with their opinion of relative value between assets classes and nothing to do with traditional valuation metrics that a rational investor might like to see before buying a stake in a business but rather had everything to do with gaming pension accounting rules to make their insolvent fund look a bit better. The new allocation, which goes into effect July 1, 2018, supports CalPERS' 7% annualized assumed rate of return. The investment committee was considering four options, including one that lowered the rate of return to 6.5% by slashing equity exposure and another that increased it to 7.25% by increasing the exposure to almost 60% of the portfolio.The lower the rate of rate means more contributions from cities, towns and school districts to CalPERS. Those governmental units are already facing large contribution increases — and have complained loudly at CalPERS meetings — because a decision by the $345.1 billion pension fund's board in December 2016 to lower the rate of return over three years to 7% from 7.5% by July, 1, 2019.
...Napolitano appears to be basing his claim on an April report from the New York Times, which cited two sources claiming that an FBI agent met Steele in Rome in October of 2016, just weeks before the presidential election.
Ey/em/eir/eirs
Normal, yes; new, not at all.
