Crypto News 

Mt Gox Creditors File Petition to Demand Recovery Payments in BItcoin

“Mt Gox creditors have filed a petition in Tokyo to begin a civil rehabilitation process to collect payments in bitcoin” writes unknown author for cryptocoinsnews.com. The Tokyo District Court will consider the creditors’ petition and is expected to make a decision in early 2018.Under current proceedings, Mt Gox is expected to have a surplus of over 200 billion yen ($1.764 billion) after payments to its creditors – in fiat yen.Creditors of Mt Gox have filed a petition with the Tokyo District Court seeking to halt bankruptcy proceedings and switch over…

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News 

November jobs recovery driven by high-quality positions

“In November, the U.S. economy added 228,000 jobs, and the unemployment rate held at 4.1%, the lowest rate in nearly 17 years” writes Leia Klingel for foxbusiness.com. The U.S. economy also saw job growth in manufacturing and healthcare, with 31,000 and 30,000 jobs added in November, respectively.While the overall jobs market is healthy, the majority of growth was in professional and business services.Some employers also noted that an inability to find skilled workers was restraining hiring plans.An additional 46,000 jobs were added in this sector in November, making the total…

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US debt ceiling threat could ‘snuff out’ economic recovery, S&P warns 

“A US government shutdown will blow a hole in the strong economic growth of recent months if politicians do not focus their attentions on the impending debt ceiling crunch, analysts have warned” writes Tim Wallace for telegraph.co.uk. Defaulting on the debt could even plunge the economy into recession, Standard and Poor’s warned.Efforts have been focused on the new tax bill rather than extending funding to government agencies, S&P said, which has to be done before Friday, and the debt ceiling deadline of Dec 15. The economists say the chance is “slim”,…

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News Regulators 

ECB’s massive bond-buying program is no longer crucial for Greece, prime minister says

“The Greek government no longer believes that stimulus from the European Central Bank (ECB) is crucial for the economic recovery in Greece” writes Wassilios Aswestopoulos for cnbc.com. Greece is ineligible to be considered under the ECB’s stimulus program due to the fact that its debt doesn’t have an investment grade rate from credit rating agencies.However, these agencies might change their grades if Greece successfully concludes the end of the third bailout in the summer and gets its debt restructured. Previously, the prime minister had said that bond purchasing from the…

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News Stocks 

US stock indexes mixed; tech recovery offsets telecom losses

“KEEPING SCORE: The Standard & Poor’s 500 index rose 1 point, or 0.1 percent, to 2,640, as of 12:26 p.m” reports foxbusiness.com. Tech stocks in the S&P 500 rose twice as much as the overall index through the first 11 months of the year.TECH CLIMBS: Chip makers and internet companies helped lead the way, with technology stocks in the S&P 500 rising 0.9 percent.The auto parts company’s stock rose $5.33, or 0.8 percent, to $715.10. Source: foxbusiness.com Share This:

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Construction sector climbs out of recession

“Any score of above 50 indicates growth, so the sector appears to have moved from stagnation to modest growth” writes Tim Wallace for telegraph.co.uk. Official data showed the industry shrank by 0.5pc in the second quarter of 2017 and 0.9pc in the third quarter – a pair of negative results which put the construction sector into recession.He does not expect any rapid recovery as companies hold off making big investments. “Extended tepid economic activity and heightened economic, political and Brexit uncertainties are clearly hampering the construction sector.But the recovery in…

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News Oil Stocks 

Asian stocks mostly higher following tech recovery, oil deal

“TECH STOCKS: Investors picked up Asian tech stocks a day after their pull back” writes The Associated Press for seattletimes.com. SEOUL, South Korea (AP) — Asian stock markets were mostly higher Friday, after an overnight recovery of technology stocks on Wall Street.OIL: Crude oil prices gained after OPEC and a group of allied oil-producing nations agreed to extend crude output cuts until the end of next year. Source: seattletimes.com Share This:

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The big White House flip-flop on Community Development Block Grants

“For instance, the House Disaster Recovery Reform Act includes some carrot and stick measures to encourage states to spend the cash on recovery and specific preventive steps” writes Philip Wegmann for washingtonexaminer.com. To that end, Congress has authorized and the president has spent $35.8 billion on recovery efforts to repair more than $50 billion in damage. Source: washingtonexaminer.com Share This:

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U.S. Senate liberals propose new steps for Puerto Rico recovery

“The legislation as well would provide more federal aid for rebuilding Puerto Rico’s electric grid, with an emphasis on beefing up solar, wind and other “clean” energy capabilities” writes Midwest Communications Inc for 95kqds.com. WASHINGTON (Reuters) – Puerto Rico would get substantial debt relief and other new aid to help it recover from destruction inflicted by Hurricanes Irma and Maria in September, under legislation unveiled on Tuesday by leading liberals in the U.S. Senate. Source: 95kqds.com Share This:

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Trump Is Continuing the War on Drugs That Kept Me Addicted

“All eyes were on President Donald Trump last month while he formally declared the opioid crisis a public health emergency” writes Elizabeth Brico for politico.com. Dressed in neutral tones, firmly in frame throughout the speech, stood Sara Dean Collier, a woman in recovery from opioid addiction whom first lady Melania Trump cited during her introduction.We do not need to hear more drug war rhetoric, or see any more of our lives ruined by drug charges. Source: politico.com Share This:

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