Perhaps the biggest surprise of all is that Bitcoin, a software based currency that supposed to be free of traditional currency restrictions, has already provided a lucrative payout for the federal government. As noted above, the FBI seized 144,000 Bitcoins while shutting down the Silk Road marketplace in 2013, which back then made it the owner of the biggest Bitcoin wallet (though not necessarily the entity with the most Bitcoins, as they can be spread across many wallets). The government then auctioned off the Bitcoins.
In this Aug. 23, 2017, file photo, Ultimate Fighting star Conor McGregor poses during a news conference in Las Vegas. McGregor is facing criminal charges in the wake of a backstage melee he allegedly instigated that has forced the removal of three fights from UFC’s biggest card of the year.
Given the importance of the entrepreneur in driving the innovation process, I wrote “In search of the Chinese entrepreneur,” with profiles of Aigo’s Feng Jun and Sundia’s Xiochuan Wang and added a discussion of Chinese entrepreneurship as an innovation asset or bottleneck.In this, the sixth part in the series, Openness as a China Strategy; a View from Shanghai’s Bund, I engage with hundreds of your comments from over the week.Many readers voiced skepticism about the validity of Chinese innovation in a state controlled society words like “lie,” and “faade,” being some of the more polite terms of art. The commenter Truth remarked, “When I see a Chinese Jimi Hendrix or Beatles or Spielberg or Jobs or Edison or Gates or etc, I’ll believe.” In fact, some wondered whether I had been paid by China to write these pieces (I wasn’t) or whether I had consumed too much Chinese liquor before sitting down to write (I hadn’t). One person even questioned my loyalty as an American.What do I think? Right now China is climbing up the initial rungs of the innovation value chain by making big bets on education, funding of science and technology and creating an ocean of intellectual property.
My opinion, Scotia dropped because they want to seem more competitive, even though most people know it means nothing.RBC lowers mortgage rates on heels of Bank of Canada’s surprise cutCanada’s banks not budging yet, but brokers say record low mortgage rates comingClearly worried about consumer exposure to interest rate shocks, Ottawa moved a few years back to force consumers to qualify based on the posted rate or lock in mortgage rates. Lock in your rate for five years or longer and you can use the low rate on your contracts as opposed to the posted rate to get a larger loan than you might otherwise be able to get with a variable rate mortgage.Will Dunning, chief economist with CAAMP, says in his group surveys he has rarely found anybody actually taking the posted rate.really just exists for administrative purposes but it has real consequences, said Mr. Dunning, noting the posted rate is also used for the bank to calculate penalties for people breaking mortgages.