If the first $20 million yielded cheers, the second $15 million generated stunned silence.
Facebook co-founder Dustin Moskovitz vaulted suddenly and without any advance warning to the top rung of Democratic party megadonors with two unheralded tears through his checkbook in the past six weeks. His money significantly altered the short-term financial position of the pro-Hillary Clinton forces and revealed a previously unknown source of cash for Democrats.
Read the Full Article: Source – PoliticoRead More
Time For Truth: (Politico) – Facebook co-founder drops unprecedented cash to stop Trump
RARELY do people compare the British pound to the Nigerian naira, Azerbaijani manat or Malawian kwacha. But these are special times. Following the Brexit vote, investors dumped sterling. Some are worried about the possibility of a “hard” Brexit. Others are simply baffled by the government’s xenophobic and divisive rhetoric.
My dad, a former Wall Street trader always advised me “cash is king” and to “hold on to it” when the economy gets tough.
But in the Netherlands, cash is definitely not getting the royal treatment. In so many places, it has simply ceased to be recognised as legal tender. More and more Dutch stores, from upscale health-food store Marqt to my local baker and bagel shop, take pin — or debit — cards exclusively. Some retailers even describe going cash-free as “cleaner” or “safer”.
Read the Full Article: Source – BBC NewsRead More
Time For Truth: (BBC News) – The countries where cash is on the verge of extinction
The Obama administration disclosed to Congress on Tuesday that it transferred a total of $1.7 billion in cash through Swiss banks to Iran around the time American hostages were released this year, about four times the amount originally disclosed to the public, sources told Circa.
New details of the $400 million U.S. payment to Iran earlier this year depict a tightly scripted exchange specifically timed to the release of several American prisoners held in Iran.
Read the Full Article: Source – Wall Street JournalRead More
Time For Truth: (Wall Street Journal) – U.S. Held Cash Until Iran Freed Prisoners