Snippets of History: #OnThisDay in 1934: #Hitler merges presidency and chancellorship, becomes Fuhrer http://bitly.com/2vtb8hf http://bitly.com/2wlDnL4 #AceHistoryNews – @AceHistoryNews

' Ace Worldwide History '

#AceHistoryNews – Aug.02: #OnThisDay in 1934: #Hitler merges presidency and chancellorship, becomes Fuhrer #AceHistoryDesk reports

http://bitly.com/2vtb8hf
http://pic.twitter.com/OXoOBkBHdG
— Sputnik (@SputnikInt) August 2, 2017 #AceHistoryNews

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“Idiosyncratic and Transitory Factors” Holding Down Inflation: New Definition of Transitory

MishTalk

The latest Personal Incomes and Outlays report showed that the Personal Consumption Expenditures (PCE) price index was only up 1.4% from the same quarter a year ago. Excluding food and energy, the PCE was up 1.5%.

Yesterday, I made this sure-fire prediction: “Consumers like falling prices but the Fed sure doesn’t. Expect to hear more ‘transitory‘ comments from Janet Yellen.” For details, please see Personal Income Flat in June, May Revised Lower: PCE Inflation Down Again.

Yellen did not chime in today, but Loretta Mester, president of the Cleveland Fed did.

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The Masters of Life Hacks – Havana, Cuba

Adventures in Wonderland

Havana sunset



13-17 February 2017. There are over two million people in Havana, over two million stories, all with similarities, and yet each unique. This is the story of our friend “Pedro”:

Pedro is a research scientist. His wife is also a professional, in a medical field. They have one child, a six-year-old boy. Unfortunately due to illness his wife is unable to work. With two professional salaries Pedro and his wife probably earned about $14,000 per year. When you factor in free health care, free education at all levels, subsidized childcare, and the relatively low cost of essential goods in Cuba, their income probably allowed them to have a reasonably good life, albeit without the everyday abundance of goods we take for granted in the west. With only one salary it’s impossible. Pedro’s credentials are such that he can get research fellowships at prestigious North American universities. This means…

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#Washington Time to TELL the #TRUTH ? Fired #FBI director James Comey inks a book deal http://bitly.com/2vjnUhy CNN reports #AceNewsDesk – @AceNewsServices

Ace News Services

#AceNewsReport – Aug.02: Fired #FBI director James Comey inks a book deal #AceNewsDesk reports

http://bitly.com/2vjnUhyhttp://pic.twitter.com/cdV7SmAHEI — CNN (@CNN) August 2, 2017 #AceNewsDesk

EDITOR: Thanks for following as always appreciate every like, reblog or retweet for all our daily news and minute by minute 24-hours a day updates visit AceDailyNews here AceChatNews.WordPress.Com
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#Washington Top #EPA official resigns in protest of Trump’s environmental policies http://bitly.com/2f9qW1r #AceNewsDesk – @AceNewsServices

Ace News Services

#AceNewsReport – Aug.02: Top #EPA official resigns in protest of Trump’s environmental policies #AceNewsDesk reports

http://bitly.com/2f9qW1r
http://pic.twitter.com/Goz72BG2XO

— The Hill (@thehill) August 2, 2017

#thehill #AceNewsDesk

EDITOR: Thanks for following as always appreciate every like, reblog or retweet for all our daily news and minute by minute 24-hours a day updates visit AceDailyNews here AceChatNews.WordPress.Com
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Bitcoin splits in two

Follow The Money

https://www.businessinsider.com.au/bitcoin-price-fork-happens-2017-8?r=US&IR=T

Bitcoin power brokers were unable to come behind a single solution that would have preserved a unified cryptocurrency by Tuesday morning’s deadline.

As such, the digital currency has split in two: bitcoin and bitcoin cash.

“There seems to be some technical issues that might be slowing it down, but yes, the fork has happened,” Peter Borovykh of Blockchain Global, a blockchain technology company, told Business Insider.

“Bitcoin cash is here.”

Eric Voorhees, CEO of ShapeShift, a digital trading company, took to Twitter at around 9:30 a.m. ET to announce the fork this morning.

“Fork has happened,” he wrote.”Now awaiting first block from bitcoin cash. Regardless of opinions, this is very exciting/fascinating day in cryptoland.”

Supporters of the newly formed bitcoin cash (BCC) believe the currency will “breath new life into” the nearly ten-year-old bitcoin by addressing some of the issues that have underpinned the bitcoin (BTC) as of…

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EU explores account freezes to prevent runs at failing banks

Follow The Money

https://www.reuters.com/article/us-eu-banks-deposits-idUSKBN1AD1RS

European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.

The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.

The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

It also come amid a bitter wrangle among European countries over how to deal with troubled banks, roughly a decade after a financial crash that required the European Central Bank to print billions of euros to prevent a prolonged economic slump.

Giving supervisors the power to…

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