Forbes (June 28)
“The question on everybody’s mind in the crypto world is whether we’ve reached the market bottom. Nearly $2 trillion in crypto market value has evaporated since November…. But the fallout is far from complete.” With over “600 crypto exchanges around the world operating in a largely unregulated frontier,” there are others that are already insolvent. Many promised unreasonably high yields, which “worked fine when crypto was going nowhere but up. It looks disastrous now.”
Tags: Bottom, Crypto, Crypto exchanges, Fallout, Insolvent, Market, Promised, Unregulated, Value, Yields
New York Times (July 30)
“Mr. Biden has managed to do what Mr. Trump repeatedly promised but never could pull off: move forward on a big-spending, bipartisan deal to rebuild American roads, bridges, water pipes and more.”
Tags: Biden, Big-spending, Bipartisan, Bridges, Deal, Pipes, Promised, Pull off, Rebuilding, Roads, Trump, U.S., Water
NBC News (January 1)
“Millions of us feel a great sense of loss. Our divorce from the European Union will hinder the freedom of movement of people — and ideas.” While it is “a relief that a deal to govern U.K.-E.U. relations post-divorce was done at all,” the deal did not deliver new freedoms. Essentially it achieved “a loss of freedoms, quite the opposite of what we were promised.”
LA Times (July 3)
“The Trump administration is absolutely bonkers—which comes as a surprise to no one at this point, but it’s remarkable how many different ways it manifests itself.” His administration is one growing knot of contradictions. “Time and truth are fluid when you’re the mayor of ‘crazy town.’” The only thing we know is that “nothing the president says can be believed, and no threatened or promised action can be trusted until, in fact, it has happened.”
Tags: Administration, Believed, Bonkers, Contradictions, Crazy town, Fluid, Promised, Threatened, Time, Trump, Trusted, Truth
