News 

Amazon’s new headquarters promises 50,000 jobs — but they may not last forever

“For local governments, the proposition sounds like a great deal” writes Leanna Garfield for businessinsider.com. She added that HQ2 and the incentives local governments are throwing at Amazon will impact residents and infrastructure.”We know that Amazon is working full bore toward automation and isn’t planning on having humans in its warehouses forever.Webb expects Baltimore’s economic inequality to get worse if HQ2 comes, especially if Amazon’s robots lead to job cuts.In 2018, Amazon will pick a location, where it will invest $5 billion in construction and bring up to 50,000 jobs…

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Public Investment Will Decline Under GOP Tax Plan

“GOP lawmakers are no doubt confident the gains from extra private investment handily outweigh the losses from lower public investment” reports realclearmarkets.com. Measured as a share of the U.S. economy, combined federal, state, and local investment spending hit a six-decade low in 2016.The GOP tax package is anti-growth in at least one respect: It’s likely to cut public spending devoted to investing in the future.We do know, however, that the final law will cut federal revenues by at least $1 trillion over the next decade.An overwhelming share of education spending…

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GBP News 

EU will not produce Brexit trade negotiating guidelines until at least March

“The EU will not produce its Brexit negotiating guidelines on the future EU-UK relationship until at least March, it has now emerged” writes Europe Editor for telegraph.co.uk. The decision, which was taken at the meeting of EU leaders’ representatives in Brussels on Monday, reflects a determination that Theresa May should clarify the UK’s own demands on trade and the future relations early next year. “We cannot produce our own guidelines until the UK chooses between the options on the table, it is time for clarity,” said an EU negotiator familiar…

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Crypto Futures Markets News 

Bitcoin futures are about to go live, and they could change the game for cryptocurrencies

“Day one trading is going to be comprised mostly of the customers who have been begging for bitcoin futures, according to person familiar with Cboe’s bitcoin futures” writes Finanzen Net Gmbh for businessinsider.com. Just when you thought you finally got your head around bitcoin, along comes a new bitcoin-linked financial product: bitcoin futures.Cboe Global Markets, the Chicago-based exchange group, will be the first exchange to launch bitcoin futures on Sunday.Since bitcoin is so volatile, traders of Cboe bitcoin futures are required to have 44% of the bitcoin settlement price set aside…

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GBP News 

Key Brexit advocate says voters can change UK deal with EU

“A key British government advocate of Brexit says that voters will be able to change the future relationship with the European Union if they wish” reports foxbusiness.com. Environment Secretary Michael Gove’s comments came after Prime Minister Theresa May hammered out a deal with the EU on Friday.Negotiators reached a broad agreement on divorce terms, which the EU had required before it would allow the talks to move on to the weighty questions of future relations.Writing in the Daily Telegraph on Saturday, Gove says that “if the British people dislike the…

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GBP News 

Brexit Divorce Deal Finally Agreed Between UK And EU

“Theresa May has agreed an historic Brexit divorce deal with the European Union, paving the way for the negotiations to move onto future trade talks” writes Paul Waugh for huffingtonpost.com. This opens the way for negotiations on the future trade relationship between the UK and EU to begin.Theresa May said the deal makes sure there will be “no hard border” between Northern Ireland and the Republic of Ireland.At their joint press conference, May explained that she wanted the future free trade deal with the EU to be all-encompassing for the…

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GBP News 

Pound rises against dollar and euro after major Brexit breakthrough

“The pound rose against a host of currencies on Friday morning, after the European Commission declared that enough progress had been made in Brexit talks to move on to a second phase of negotiations” writes Josie Cox for independent.co.uk. In early trading, sterling was up around 0.3 per cent against the dollar and 0.4 per cent against the euro.It also rose against Japan’s yen, the Swiss franc, the Australian and Canadian dollars and a selection of other world currencies.Stephen Martin, director general of the Institute of Directors agreed. “The most…

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EDITORIAL: Looking out for those left behind in a cashless society

“The future, in this case, is a cashless society, where nobody will use paper dollars or metal coins” writes Sun-times Editorial Board for suntimes.com. What will they do in a cashless society?. Anybody who has ever used Uber or Lyft, which do not accept cash, knows how convenient a completely cashless society could prove to be.No cash means faster lines at the check-out counter.No cash means no armed hold-ups. Source: suntimes.com Share This:

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