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White House changed Biden's claim that Hamas beheaded children
US President Joe Biden claimed to have seen footage of Hamas beheading Israeli children. His claim was reversed a few hours later, the White House said that Biden had not seen such a picture.
Joe Biden held a meeting with Jewish community leaders at the White House on Wednesday. At the time, he said that he was shocked by the brutal attack by Hamas.
"This attack was a campaign of true cruelty against the Jewish people, not just hatred, but a campaign of true cruelty," Biden said.
#biden
US President Joe Biden claimed to have seen footage of Hamas beheading Israeli children. His claim was reversed a few hours later, the White House said that Biden had not seen such a picture.
Joe Biden held a meeting with Jewish community leaders at the White House on Wednesday. At the time, he said that he was shocked by the brutal attack by Hamas.
"This attack was a campaign of true cruelty against the Jewish people, not just hatred, but a campaign of true cruelty," Biden said.
#biden
Warren Buffett In Talks With Biden Administration To Tackle Banking Crisis
Warren Buffett, one of the world’s most renowned investors and the CEO of Berkshire Hathaway, has reportedly been in talks with senior Biden administration officials regarding the banking crisis. According to Bloomberg News, sources who wished to remain anonymous confirmed that Buffett has been in contact with government officials recently, although it is unclear what role he will play in resolving the banking crisis.
Buffett has a reputation for stepping in during financial crises, often referred to as the “Oracle of Omaha,” he has a history of providing support to troubled financial institutions during times of economic distress. During the 2008 financial crisis, he invested $5 billion in Goldman Sachs, while also offering support to other firms. In 2011, he provided financial support to Bank of America, which was struggling with subprime mortgage issues.
Given his track record, Wall Street seems to be looking to Buffett for solutions to the current banking crisis. The situation has been causing concern, with deposit protection and other measures being put in place to prevent bank runs. Despite these efforts, the crisis continues to spread, with banking stocks falling further.
While it remains unclear what role Buffett will play in the current situation, his involvement is likely to provide some reassurance to investors. He has a long-standing reputation for sound investment decisions and is known for his expertise in the banking sector. As the situation continues to unfold, it will be interesting to see what role Buffett ultimately plays in addressing the current banking crisis.
#warrenbuffett #bank #biden #wallstreet #azcoinnews
This article was republished from azcoinnews.com
Buffett has a reputation for stepping in during financial crises, often referred to as the “Oracle of Omaha,” he has a history of providing support to troubled financial institutions during times of economic distress. During the 2008 financial crisis, he invested $5 billion in Goldman Sachs, while also offering support to other firms. In 2011, he provided financial support to Bank of America, which was struggling with subprime mortgage issues.
Given his track record, Wall Street seems to be looking to Buffett for solutions to the current banking crisis. The situation has been causing concern, with deposit protection and other measures being put in place to prevent bank runs. Despite these efforts, the crisis continues to spread, with banking stocks falling further.
While it remains unclear what role Buffett will play in the current situation, his involvement is likely to provide some reassurance to investors. He has a long-standing reputation for sound investment decisions and is known for his expertise in the banking sector. As the situation continues to unfold, it will be interesting to see what role Buffett ultimately plays in addressing the current banking crisis.
#warrenbuffett #bank #biden #wallstreet #azcoinnews
This article was republished from azcoinnews.com
Life is not fair 🥲
The Treasury Department has asked federal agencies whether they can make upcoming payments at a later date.
With a deadline looming in less than two weeks, the White House is looking for ways to buy more time for President Biden and House Speaker Kevin McCarthy (R-Calif.) to cut a deal to raise the federal debt ceiling,
#Treasury #debtceiling #crypto2023 #biden #pepe
The Treasury Department has asked federal agencies whether they can make upcoming payments at a later date.
With a deadline looming in less than two weeks, the White House is looking for ways to buy more time for President Biden and House Speaker Kevin McCarthy (R-Calif.) to cut a deal to raise the federal debt ceiling,
#Treasury #debtceiling #crypto2023 #biden #pepe
Biden administration pushes for 30% electricity tax in swipe at crypto miners
The administration of U.S. President Joe Biden is campaigning for a tax on cryptocurrency miners equal to 30% of the cost of the power they use, citing what it calls “negative spillovers” from the industry. The move follows a raft of legal threats against crypto exchanges by regulators in what industry insiders have said will drive crypto and blockchain technology out of the U.S.
Fast facts
In a Tuesday blog post titled “The DAME Tax: Making Cryptominers Pay for Costs They Impose on Others,” the White House’s Council of Economic Advisers said that while crypto assets are virtual, “the energy consumption tied to their computationally intensive production is very real and imposes very real costs.”
“Crypto miners’ high energy consumption has negative spillovers on the environment, quality of life, and electricity grids where these firms locate across the country,” the blog said, adding that the environmental impacts of mining operations exist even when miners use existing clean power.
“Crypto mining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity. Instead, the energy is used to generate digital assets whose broader social benefits have yet to materialize, as elaborated in the Economic Report of the President,” according to the blog.
In March, the Biden administration proposed the “Digital Asset Mining Energy excise tax” as part of this year’s budget published by the U.S. Treasury Department. The proposal would be effective for taxable years beginning after December 31, 2023, according to the document. The excise tax would be phased in over three years at a rate of 10% in the first year, 20% in the second and 30% thereafter.
The Council of Economic Advisers estimates that the excise tax could raise US$3.5 billion over 10 years.
While the government seems to have crypto miners in its sights, the Securities and Exchange Commission (SEC) has cracked down on crypto trading platforms. In February, the regulator fined U.S. crypto exchange Kraken and shut down its staking program, a move the SEC said was “a win for investors.” In March, it issued a so-called Wells notice to the Coinbase exchange and warned it was considering legal action against the firm over its cryptocurrency staking services and other products.
Last month, the SEC charged Seattle-based crypto exchange Bittrex for operating an unregistered exchange.
Some U.S. states, however, are rolling out a welcome mat for crypto miners, with Arkansas last month joining Montana and Texas to propose legislation to regulate Bitcoin mining and offer mining firms legal protection.
source: forkast.news
#mining #biden #crypto #BTC
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Fast facts
In a Tuesday blog post titled “The DAME Tax: Making Cryptominers Pay for Costs They Impose on Others,” the White House’s Council of Economic Advisers said that while crypto assets are virtual, “the energy consumption tied to their computationally intensive production is very real and imposes very real costs.”
“Crypto miners’ high energy consumption has negative spillovers on the environment, quality of life, and electricity grids where these firms locate across the country,” the blog said, adding that the environmental impacts of mining operations exist even when miners use existing clean power.
“Crypto mining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity. Instead, the energy is used to generate digital assets whose broader social benefits have yet to materialize, as elaborated in the Economic Report of the President,” according to the blog.
In March, the Biden administration proposed the “Digital Asset Mining Energy excise tax” as part of this year’s budget published by the U.S. Treasury Department. The proposal would be effective for taxable years beginning after December 31, 2023, according to the document. The excise tax would be phased in over three years at a rate of 10% in the first year, 20% in the second and 30% thereafter.
The Council of Economic Advisers estimates that the excise tax could raise US$3.5 billion over 10 years.
While the government seems to have crypto miners in its sights, the Securities and Exchange Commission (SEC) has cracked down on crypto trading platforms. In February, the regulator fined U.S. crypto exchange Kraken and shut down its staking program, a move the SEC said was “a win for investors.” In March, it issued a so-called Wells notice to the Coinbase exchange and warned it was considering legal action against the firm over its cryptocurrency staking services and other products.
Last month, the SEC charged Seattle-based crypto exchange Bittrex for operating an unregistered exchange.
Some U.S. states, however, are rolling out a welcome mat for crypto miners, with Arkansas last month joining Montana and Texas to propose legislation to regulate Bitcoin mining and offer mining firms legal protection.
source: forkast.news
#mining #biden #crypto #BTC
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
