News Regulators 

Massive cost overruns threaten to derail the bullet train. Here’s what has to change

“It would take nearly every penny in its checkbook, but the rail authority assured the public it would work” writes Ralph Vartabedian for latimes.com. Only two years ago, the California rail authority unveiled an ambitious plan to begin operating a segment of bullet train service between San Jose and the Central Valley by 2025.Rail authority spokeswoman Lisa Marie Alley said the claim was settled last month for $51 million and was included in the cost overrun reported last week.One of the key tasks ahead, Kelly said in an interview, will…

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Crypto News Reviews 

Bitcoin News Digest Sunday, January 21, 2018

Bitcoin price: BTC plummets as Indian banks shut down cryptocurrency trading accounts BITCOIN prices were sent plummeting after many of India’s leading private banks targeted and suspended cryptocurrency exchange accounts in a bid to curb digital currency trading.   The founder of litecoin, a cryptocurrency that has gained 650% in 7 months, told us he’s worried about all the scams in the nascent market But the ex-Google and Coinbase engineer Charlie Lee still thinks bitcoin stands a chance.   Bill Introduced to Make South Korean Officials Declare Their Crypto Investments…

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Crypto News 

Hyperledger’s Behlendorf: 2018 Will Bring Breakthrough Blockchain Developments

“Iroha is a business blockchain framework for infrastructure projects that require the use of distributed ledger technology” writes Jessie Willms for bitcoinmagazine.com. Sawtooth is a blockchain platform for creating and managing distributed ledgers. Indy is a distributed ledger with a decentralized identity designed to create independent digital identities between blockchains. is an open development tool set designed to make it easier to integrate existing business systems with the blockchain.A number of Hyperledger projects are exploring integrations among one another including Hyperledger Sawtooth and Burrow and Indy, Composer and Quilt.” Behlendorf…

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News Oil 

Saudi energy minister urges oil producers to extend cooperation beyond 2018

“It was the first time that Saudi Arabia had publicly raised the possibility of a new form of coordination among oil producers after 2018” writes Heinz-peter Bader for cnbc.com. Oman’s oil minister Mohammed bin Hamad al-Rumhi said producers would discuss in November whether to renew their supply agreement or enter a new type of agreement.Their agreement on supply cuts, originally launched last January, is due to expire in December this year.Saudi Arabia’s energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018, but said this…

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News Stocks 

Zuckerberg’s control of Facebook may be a threat to the value of the stock, Macquarie says

“The changes announced by FB should remind investors that Zuckerberg controls the vote and the company” writes Jim Edwards for businessinsider.com. There is much to admire in this focus, but as financial analysts, we tend to get a bit concerned when we see vote-controlling CEOs defining what is meaningful and interactive,” Schacter and Alter said. Source: businessinsider.com Share This:

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Markets News Stocks 

Bank of America has found the formula for a market meltdown — and we’re dangerously close

“Meanwhile, experts across Wall Street remain bullish on the stock market” writes Joe Ciolli for businessinsider.com. The firm, which has repeatedly warned of investor overexuberance, has identified what it sees as the perfect storm for a stock market correction — traditionally defined as a 10% selloff — and it involves four different metrics crossing particular thresholds.Let’s break it down: To further drive home just how confident investors still are in the stock market, even at record levels, look no further than recent flows into equity funds.Still, BAML is constructive on…

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Crypto News 

Blockchain tech enters the energy sector

“The energy sector is slowly embracing the latest hot tech and oil giant Shell is making moves to integrate blockchain systems into its operations” writes unknown author for newsbtc.com. The realm of blockchain technology and cryptocurrencies is expanding exponentially.It was reported this week that London based blockchain startup, Applied Blockchain, has secured investments from Shell Trading International Ltd and Calibrate Partners LLP for minority stakes in the company.Investing in Applied Blockchain is part of our commitment to use digitalisation to create value in our core business and develop new business…

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Crypto Markets News 

DEUTSCHE BANK: Correlation between bitcoin and Wall Street’s ‘Fear Index’ is increasing ‘dramatically’

“Right now, market volatility is close to record lows, as measured by the CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility” writes Will Martin for businessinsider.com. LONDON – There’s a growing relationship between the price of bitcoin and the VIX, the volatility index colloquially known as Wall Street’s “Fear Index,” according to analysts at Deutsche Bank.Here’s the chart from Deutsche Bank showing just that: While traditional market volatility remains close to rock bottom, the same is certainly not true of bitcoin and cryptocurrencies in…

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GBP News 

Alienated voters ‘don’t feel Brexit will help them retake control’ over decision making

“And half of British voters believe Brexit will make no difference at all to the amount of control they feel they have over important national decisions” writes Niall Dickson for telegraph.co.uk. The chasm between voters and those who govern them is reflected in the central findings of the report; that 80 per cent of people feel they have little or no control over decisions that affect their country and 71 per cent feel they have little or no control over local decisions. Source: telegraph.co.uk Share This:

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Markets News 

Robots won’t take as many human jobs as you may think

“It is more likely that managers will forego efficiency-generating gains from digital technologies because of a fear of losing control” writes Tony Dundon for businessinsider.com. The net effect is a polarized labour market of low-skill and low-income workers sitting alongside an elite who enjoy more secure jobs (at least for now).While automation may replace some jobs, the technology rarely acts as a substitute for people.Karl Marx argued technology would help free workers from harsh labour and lead to a “reduction to working time”. Source: businessinsider.com Share This:

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