Crypto News 

Congressman says we should be banned from mining, using cryptocurrency

“Congressman Brad Sherman, D-California, believes the government should prohibit U.S. citizens from mining and using cryptocurrencies” writes Mark Coppock for digitaltrends.com. Also brought up during the hearing was the idea of central banks issuing their own digital currency.Cryptocurrency is just a new form of electronic payment that should be embraced and treated like any other form of payment.But U.S. citizens also use a form of digital currency: Electronic payments. Having central banks issue digital currencies is “one of the worst financial ideas of recent times,” he said. Source: digitaltrends.com Share This:

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News 

Americans Have Some Pretty Vanilla Sexual Fantasies

“The on the topic dates to 1995, before the popularization of the Internet, which has made pornography, sexual information, and sexual misinformation all much more widely available” writes Ashley Fetters for theatlantic.com. What he found was that, even in a time of changing cultural values and plentiful pornography, most Americans’ fantasies aren’t all that outlandish or elaborate; rather, most Americans fantasize about what you might just call “spicing things up.”.  Source: theatlantic.com Share This:

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News 

The IRS is set to deny passport renewal to hundreds of thousands of Americans who owe taxes

“And if they believe (in their sole discretion) that you owe them property tax, they’ll take the property away from you” writes Simon Black for businessinsider.com. Even if you have your mortgage fully paid off, you still have to pay property tax. And if they believe (in their sole discretion) that you owe them income tax, they’ll take it away from you. Source: businessinsider.com Share This:

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News Regulators 

Americans are paying more and more in credit-card interest

“Consumers with credit-card debt will likely pay an additional $2.2 billion this year in interest payments because of the last rate hike, the credit-card website CompareCards found” writes Maria Lamagna for nypost.com. In 2017, Americans hit a record high of $1.02 trillion in outstanding revolving debt, which is often categorized as credit-card debt.Americans carry a collective $687 billion in credit-card debt that is not paid in full each month, Clements said.Americans paid back $40.3 billion in credit-card debt during the first quarter of 2018, an analysis of data by personal-finance…

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News 

The restaurant scene is hopping — here’s what that tells us about the U.S. economy

“When the bar and restaurant scene is hopping, you know the economy must be doing well” writes Jeffry Bartash for marketwatch.com. The upward trend in restaurant spending actually began early in 2018, reflecting the growing confidence of Americans in the economy.Sales at places that sell food and drinks surged in May and June, pushing the yearly increase to a nearly three-year peak. Source: marketwatch.com Share This:

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News 

Here’s how Russian bots and trolls are testing the waters before the midterm elections, including placing the blame on the US

“While US intelligence officials call it a top concern, they haven’t uncovered a clear, coordinated Russian plot to mess with the campaign” writes Angela Charlton for businessinsider.com. But many state lawmakers and members of Congress say it’s taken far too long, and that Trump’s refusal to condemn Russia’s interference in the 2016 election complicates efforts to combat future attacks. Source: businessinsider.com Share This:

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News Stocks 

Stock-market bull is still on its feet, snorting its way past 1 obstacle after another

“Seen through the rear-view mirror, the U.S. economy looks like a gleaming sedan that just got a car wash and wax job” reports marketwatch.com. Very few Americans have paid a price from escalating U.S. tariffs, but if trade fights get worse, the first big bill will come due shortly after the school year starts. Source: marketwatch.com Share This:

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News Oil 

Chinese hotel denies hiking rates for Americans by 25 percent amid trade war

“A hotel in the southern Chinese city of Shenzhen on Friday denied a report that it would charge U.S. guests an extra 25 percent amid an escalating trade war between Washington and Beijing” writes Aol Staff for aol.com. It cited a spokesperson at the hotel, surnamed Yang, saying that the hotel had posted the notice last Friday.”Chinese public sentiment towards the U.S. is becoming more sensitive” after Washington’s latest tariff threats, the Global Times said in its report.Official Chinese statements this week have taken a sharper tone, accusing the United…

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Here’s when Americans will start feeling the pain from escalating Trump-imposed tariffs

“Consumers or businesses could more easily find substitutes for goods whose prices would rise due to higher U.S. tariffs” writes Jeffry Bartash for marketwatch.com. They’ll be paying higher prices well before the Christmas holiday season.More tariffs would raise prices even further.Come fall, though, and the price of many imported consumer goods in the crosshairs of the White House could begin to rise. Source: marketwatch.com Share This:

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Markets News 

A record number of Americans are quitting their jobs

“The latest proof: A record number are voluntarily quitting to seek better jobs” writes Shobhana Chandra for sun-sentinel.com. Americans’ confidence in employment prospects is soaring as the labor market tightens.Some 3.56 million workers left positions in May, the most in data back to 2000, and up from the prior month’s 3.35 million, Labor Department data showed Tuesday.With more workers feeling assured of finding better employment, sustained wage gains may soon follow. Source: sun-sentinel.com Share This:

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