Bitcoin holders everywhere are scrambling to find their local suicide hotline number – and not just because the Christmas season is here and they are alone yet again, but because the price of Bitcoin has tanked.
The price of Bitcoin has plummeted by 50 percent since late November after China体彩手机在线怎么下载 ordered third-party payment agencies to stop any “custody, trading and other services” related to the virtual currency.
The Chinese crackdown on domestic Bitcoin trading sent the price of the virtual currency on a downwards spiral. But don’t say the Chinese didn’t warn you: the Chinese central bank cautioned bitcoiners earlier this month that Bitcoins don’t have any legal status or monetary equivalent and shouldn’t be used as currency. The Chinese were very worried that the cyber currency, which is created, distributed and authenticated independently of any bank or government, could pose a viable alternative to China体彩手机在线怎么下载’s tightly controlled yuan.
And so the biggest Bitcoin exchange in China体彩手机在线怎么下载 announced on Wednesday, just two weeks after China体彩手机在线怎么下载’s central bank said the country体彩手机在线怎么下载’s banks and payments systems were barred from handling the virtual currency, that “due to the reasons that everyone knows, BTC China体彩手机在线怎么下载 has to temporarily stop its yuan account recharging functions.”
For those bitcoiners who lost out, just remember that the first rule of investment is to never invest money you can’t afford to lose. And the second rule of investment is to steer clear of Bitcoin no matter what those tell you.
Amidst the chaos of the government shutdown and the looming debt-ceiling deadline, Obama announced Janet Yellen as his pick to head the Federal Reserve.
Did Janet Yellen get nominated because Obama hopes she’ll be yellen at Republicans to stop holding the country体彩手机在线怎么下载 hostage? No. Instead, Janet Yellen was chosen to replace Ben Bernanke as the head the US Central Bank because of her skills and experience. Yellen has been Bernanke’s deputy for the last two years so the transition should be fairly seamless.
The chairman of the US Senate Banking Committee, Tim Johnson, said she had “a depth of experience that is second to none.”
“I have no doubt she will be an excellent Federal Reserve chairman,” he added.
Say what you will about Ben Bernanke, but the man knows when to aboandon ship. Janet Yellen will be walking into a disaster if the US government doesn’t get their debt ceiling issues worked out.
Once the Senate approves her (they only need six Republican votes so it shouldn’t be too much of a hassle) she will become the first woman to lead the Federal Reserve. And the first Democrat to lead the Fed since Paul A. Volcker stepped down in 1987!
Funny how the first black president and the first female Fed chair (both Democrats) will be left to deal with a potentially huge financial catastrophe almost entirely concocted by Republicans who are unwilling to share any of the blame. Maybe those Republicans aren’t so dumb after all…. maybe it was a set up all along…
Perverts are a problem. The Indians dealt with it by creating an anti-rape bra that emits powerful shocks when touched and alerts the police. The Chinese have gone a simpler route by inventing hairy stockings.
A user Sina Weibo, China体彩手机在线怎么下载’s Twitter equivalent, uploaded a photo of hairy stockings designed to look like hairy man legs. The caption read: “Super sexy, summertime anti-pervert full-leg-of-hair stockings, essential for young girls going out.” Super sexy indeed – especially in the summertime. The furry stockings are guaranteed to deflect any unwanted attention! Or guaranteed to have everyone stare at you and possibly get accosted by a French guy.
Surprisingly, the bushy legwear isn’t for everyone. The hairy stockings are receiving a mixed reaction from Sina Weibo users:
“Damn, so disgusting!!!’ commented one user.
“Essential for the subway?’ said another.
“If it has come to this, why not just wear pants?”
And most importantly:
‘This will not only prevent against perverts, it’ll definitely also result in preventing handsome guys from approaching you.’
Note: handsome guys CANNOT be perverts. It’s a fact.
It’s unclear whether the inventor of the stockings is making them available for purchase, but they’ve definitely attracted a lot of attention. But is it unwanted attention?
The firm Booz Allen Hamilton has fired Edward Snowden, the 29-year-old contractor who exposed the National Security Agency’s phone and Internet monitoring program. You would have thought he formally quit when he leaked top-secret documents and fled to Hong Kong, but no, he did not.
Booz Allen released a statement on Monday confirming that Snowden was, in fact, an employee of the firm stationed in Hawaii but for fewer than three months. Other items Booz Allen revealed? His salary and the fact that he was fired:
“Snowden, who had a salary at the rate of $122,000, was terminated June 10, 2013, for violations of the firm’s code of ethics and firm policy,” “We will work closely with our clients and authorities in their investigation of this matter.”
Booz Allen was reportedly “shocked” by the reports that one of its employees was the leaker of the NSA’s telephone and internet data collection program. And they’re probably pretty pissed too considering the firm gets 99% of its revenue from a variety of government contracts. Booz Allen is supposed to provide cyber security services and technical support for intelligence and defense agencies as well as civilian branches of government. Needless to say, shares of Booz Allen have been declining. I guess Snowden won’t be winning employee of the month any time soon.