Catch up: Digital currency may be a fad, like parachute pants, a Fed official says.


By Unknown Author from NYT Business https://ift.tt/3y5OuHW

Comments

Post a Comment

Popular posts from this blog

Whatever Happened to Salt Lake City’s Manhattan Club?

Image
Michael Eccleston and Katy Willis spent months searching for a place in Salt Lake City to open an arcade-themed bar. Then a friend suggested they look at the old Manhattan Club on the corner of 400 South and Main. The 7,000-square-foot space was not only the right size and price, it also came with a built-in piece of Salt Lake City history. “We love old things and old places,” said Willis, “and one of the things we’re excited about is keeping this space as a bar.” Their Quarters Arcade Bar, expected to open in early 2018, will become the newest chapter in the colorful story of this beloved basement bar. The rich history started in 1910, when mining magnate John J. Daley built the New Grand Hotel. During its first 20 years in business, the basement hosted a rotating list of businesses, including a cafe, a bank, a bakery, a drugstore, a pool hall and a fraternal club. Since 1930, the space that extends under Main Street and today’s TRAX trains has been a bar. Initially it was the Br...
Read more

A brief recap of ‘Tampongate,’ the week’s strangest controversy on Capitol Hill

All’s well that ends well — or maybe it’s a case of much ado about nothing — in an odd dispute that roiled Capitol Hill this week: “Tampongate.” It started when Democratic Rep. Sean Patrick Maloney of New York, a candidate for New York attorney general, claimed that the Committee on House Administration has a “discriminatory policy” that bars members’ offices from buying tampons for use by female staff and visitors. The committee, led by Republicans, manages the daily operations of the House, including overseeing administrative functions. Here’s his story. “Earlier this [week], my office got an email saying that we couldn’t use our funds to buy tampons. . . . When we called out the committee that makes the rules, they denied the rule exists in the first place,” Maloney tweeted Thursday . UPDATE: earlier this wk, my office got an email saying that we couldn't use our funds to buy tampons (even though we have female constituents and staff). When we called out the committee that ...
Read more

Wife, mother latest to be indicted in federal fraud case connected to polygamous Kingston Group and Washakie Renewable Energy

Image
Prosecutors have indicted two more members of a polygamous family — this time the wife of one defendant and the mother of two defendants — in what prosecutors have called a $511 million fraud using biodiesel tax credits. A prosecutor also explained for the first time how the U.S. Department of Justice believes fraud at Washakie Renewable Energy is related to the Kingston Group, also known as the Davis County Cooperative Society. In federal court Tuesday, Richard M. Rolwing, a special assistant U.S. attorney, said one of the new defendants, Rachel Ann Kingston, was helping two of her sons forge documents and commit fraud to benefit her husband, John Daniel Kingston. He is one of the top men in the sect, though he has not been charged with any crimes in the case. Rolwing said John Daniel Kingston “has some amorphous stewardship over Washakie Renewable Energy.” The new indictment describes how, in 2013, Washakie transferred $6.2 million to the Kingston Group’s incorporated church ...
Read more