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Fri, Mar

Why isn’t Bitcoin Banned Everywhere?

INTEL REPORT--When I first heard of Bitcoin, it sounded like something out of a dystopian sci-fi novel. Digital, cryptographic, uncensorable money? It seemed such a radical idea, it couldn’t possibly belong in this decade. 

But if it did — if Bitcoin were to go mainstream — I was convinced it would lead to a massive geopolitical disruption, shifting the power relations between governments and their citizens. It would mean investing into Bitcoin would be like funding a revolutionary army. It would be so subversive, only a few crazy people would be willing to do it. 

Of course, I was wrong about every part of that. 

Grandmothers now own Bitcoin. And with a few notable exceptions (namely China and India), world governments have been surprisingly welcoming toward cryptocurrencies. Bitcoin is legal almost everywhere. 

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Evangelical’s Porn Viewing Is on the Rise

 

INTEL REPORT--At times, it feels like we're splitting into two separate societies, one of which is dominated by evangelical Christians. So it's reassuring to report that members of that faith tradition have something in common with their fellow Americans: They, too, are watching more pornography.

By their own account, American evangelicals are increasing porn viewership at virtually the same rate other Americans, University of Oklahoma researchers Samuel Perry and Cyrus Schleifer write in the journal Social Science Quarterly.

This rise is driven by people who identify as evangelicals, but do not attend services frequently. Among those who spent significant time in the pews, levels of porn consumption haven't moved from where they were three decades ago.

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Martinez Takes On Trump’s Public Charge Rule

 

INTEL REPORT—I am the author of a resolution by the Los Angeles City Council to oppose the administration's proposed rule change.

The Department of Homeland Security's proposed rule would have a devastating impact on the well-being of children and families in Los Angeles by punishing immigrants for providing food to their families, and who lawfully receive other public services.

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Bitcoin Soars, Advocates Seek to Head Off New Restrictions in 2018

INTEL REPORT--Bitcoin enthusiasts struck it rich this year as the cryptocurrency surged. Now they’re preparing for battle in Washington to protect their industry’s ascent.

Advocacy groups are gearing up in Washington for a lobbying push in 2018, looking to limit legislation that would subject cryptocurrencies to more regulation and change tax-reporting requirements. Organizations such as the Chamber of Digital Commerce, Coin Center Inc. and the Bitcoin Foundation say they’re concerned about stifling innovation.

Their top targets include a Senate bill that would include digital currency in an update of money-laundering laws, requiring more entities to police potentially illicit transactions. Some advocates are also backing a House bill that would exempt crypto transactions of up to $600 from capital-gains tax reporting.

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Trump’s Mocking of Kavanaugh Accuser ‘Just Plain Wrong’

  

INTEL REPORT--Two senators considered crucial to the confirmation prospects of Judge Brett M. Kavanaugh criticized President Trump on Wednesday for mocking the account of a woman who has accused his Supreme Court nominee of sexual assault decades ago. 

“There’s no time and no place for remarks like that,” Sen. Jeff Flake (R-Ariz.) said on NBC’s “Today” show. “To discuss something this sensitive at a political rally is just not right. It’s just not right. I wish he hadn’t done it. . . . It’s kind of appalling.”

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3 More Lies Bitcoin Skeptics Tell Themselves

INTEL REPORT--It seemed like last week was the week of the bitcoin skeptic as everyone from Nobel-prize winning economist Paul Krugman to legendary investor George Soros had negative things to say about the world’s first and most well-known crypto asset.

Although the arguments against bitcoin keep coming, they haven’t evolved much since 2013, when the first major run-up in the price brought out all of the haters. With skepticism abound once again, I thought now would be a good time to cover three more lies bitcoin skeptics tell themselves.

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Critics Burn Burns

INTEL REPORT--Ken Burns has no patience for the people who pick apart his documentaries without having ever watched them. He’s talking about the eggheads, the “third- and fourth-rate academics,” the journalist sitting across from him in a French-American bistro in Manhattan, whom he accuses — falsely, I can report, since that journalist is me — of having prepared by Googling “controversy.”

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Intelligence Report: Ronan Farrow Stands Behind Reporting On Latest Brett Kavanaugh Accuser

 

‘WANTS TO BE FAIR’--Journalist Ronan Farrow hit the morning news circuit on Monday to support hisexplosive report of a second woman accusing Supreme Court nominee Brett Kavanaughof sexual assault.

Farrow, whose article with Jane Mayer was published Sunday in The New Yorker, stood firm amid attacks on his work and said the story Deborah Ramirez told about Kavanaugh sexually assaulting her at a party when they were Yale students “exceeds the evidentiary basis we’ve used in the past in several cases that were found to be very credible.”

There’s a “fairly high level of evidence for this kind of a case” to be published, Farrow said on CNN’s “New Day.”  

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What Social Democracy and Socialism Are — And Aren’t

 

INTEL REPORT--I chuckle every time I hear it — which is every day, lately. “Denmark isn’t socialism! France isn’t socialist!! There’s no socialism in Europe!” So say American elites — pundits, columnists, usually men with earnest glasses. Have they been smoking too much capitalism?

They’re reacting to the dire prospect of socialism like priests who just met the devil — only the devil was busy saving souls from hell. They don’t quite know what to do with that. How to process it. They don’t even understand, funnily enough, just like those priests, whether or not to even call it “the devil” anymore. Hence: “Nothing’s socialism!! Nope!!” — how else to square the prospect of socialism rising amongst young Americans, except by denying it exists? “That’s not the devil!! — that’s just another cowboy!!” 

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Here’s How Sarah Huckabee Sanders Excuses Trump’s Conduct

INTEL REPORT--For a just-published profile of White House press secretary Sarah Huckabee Sanders, the New Yorker’s Paige Williams got spotty cooperation. As it turns out, Sanders treats profile writers much the way she treats the press in her increasingly rare briefings. With a meddling touch, that is. Writes Williams: “Sanders may accept that she can’t control the questions she is asked, but she nevertheless tries to take control of every exchange. In her interactions with me, she took this approach to extremes, saying that almost everything was off the record.” 

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Mike Bloomberg’s Comparison of Environmental Activists to Border Wall Supporters is Totally Absurd

 

INTEL REPORT--Speaking at the Global Climate Action Conference in San Francisco today, Michael Bloomberg made the following comment about anti-fossil fuel activists outside the event: “We’ve got environmentalists protesting an environmental conference. It reminds me of people who want to build a wall along the Mexican border to keep people out from a country we go to for vacations. Something’s crazy here.” In response, Food & Water Watch Executive Director Wenonah Hauter issued the following statement:

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Speaking Freely, John McCain Was No Peacemaker

INTEL REPORT--Senator John McCain was a powerhouse in American politics. His legacy is far reaching and impacts every facet of civil life in our country. I didn’t always agree with him, especially on matters of foreign policy, but Americans always knew where he stood on the issues; and one always trusted that he arrived at his opinions by way of thoughtful analysis, battled tested experience, and a sense of personal integrity that transcended party lines. This week of national mourning is appropriate in light of his tremendous influence. 

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Omarosa’s Books Sales Are Dropping Faster Than a Kardashian at NBA All-Star Weekend

  

INTEL REPORT--It might be time for DJ Omarosa Manigault Newman to drop another mixtape as it seems her books sales are fading faster than her political career.

According to the Washington Post, the sales of Omarosa’s  Unhinged, a memoir of her time in Trump’s White House, have fallen some 40 percent since the book debuted. 

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After Trump Tax Cuts, 40% of Americans Can't Afford Basic Necessities

While rich companies like Walmart and Target are enjoying huge profit boosts, most American workers have seen their wages decline over the past several months—a fact that undermines Trump and the GOP's glowing assessment of the U.S. economy (Photo: Noah Berger/Reuters)

Just days after an alarming study by the Urban Institute found that nearly half of the American public can't afford basic necessities like food, healthcare, and housing, new Commerce Department data released on Wednesday showed that corporate profits are soaring to new heights thanks in large part to President Donald Trump's $1.5 trillion tax cuts.

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Is the Price of Bitcoin Based on Anything at All?

Back in January, the controversial cryptocurrency Tether (USDT), “anchor[ed] to the price of national currencies like the U.S. dollar, the Euro, and the Yen,” as its website puts it, found itself in the midst of an existential crisis. For months, concerns had been circulating in the media and in online forums that something was off. The company that produced the coin, Tether Limited, had promised since its inception that for each unit it created on the blockchain, one actual U.S. dollar would be held in reserve. But in August 2017, a blogger on Hackernoon.com who goes by Bitfinex’ed started raising questions about whether Tether was really sitting on all those greenbacks. If it wasn’t, the coin wouldn’t really be tethered at all.

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Insider Coverage: Florida Wants to Help Bullied Kids … Unless They’re Gay

POLITICS--A new anti-bullying program in Florida sounds so good on paper. The first of its kind in the nation, it gives public money to kids who have been victims of bullying and helps them attend private school. Florida Gov. Scott (R) touted it as an example of government stepping in to do good.

“Every child in Florida should have the opportunity to get a great education at the school of their choice so they can achieve their dreams,” Scott said in March upon signing the bill into law.

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Donald Trump Lies … It’s True

 

In his second year in office, Donald Trump has almost doubled the number of lies he told in his first year. In June and July alone he was averaging 16 lies a day.

-cw

 

 

 

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