ADA flashes buy signal in 12-hour chart

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  • Cardano Founder Charles Hoskinson recently described ADA as a “financial operating system.”
  • IOMAP shows that ADA’s upside is currently capped off at $0.080.

ADA = Financial operating system

In a recent interview with “Slot Leader,” Cardano founder Charles Hoskinson laid down his vision for ADA being the “financial operating system.” He said:

The general idea is that the system should be an end-to-end stack for economic identity. So what that means is that if some person in Senegal, or some person in Rwanda, or wherever, enters the system, they should have some place to place their data and their identity, to build a reputation. They should have some way of getting credit. They should have some way of interfacing with a currency that’s reasonably stable, that they can send to anybody in the world. They should have the ability to interface with exchanges. If they have a business, they should

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Euro Zone Economic Recovery in Danger as Services Slide | Investing News

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LONDON (Reuters) – Euro zone business growth ground to a halt this month, throwing the economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse, a survey showed on Wednesday.

The renewed downturn in the dominant services sector, which is likely to be hit harder by new constraints on activity imposed across the 19-country euro zone, more than offset the strongest manufacturing growth in two years.

“Alarm bells should be going off about the pace of the recovery at the moment as the number of new COVID-19 cases has been flaring up,” said Bert Colijn at ING.

“For governments and the European Central Bank, this will be a wake-up call, if they needed one.”

IHS Markit’s flash Purchasing Managers’ Index sank to 50.1 in September from August’s 51.9, only just above the 50 mark separating growth from contraction and well

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The dominance of the US dollar is called into question

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Federal Reserve Building, Washington,DC

Federal Reserve Building, Washington,DC&nbsp


Author: Charlotte Gifford


September 8, 2020

In July 2020, the US dollar suffered its poorest monthly performance for a decade, as the country grappled with the economic fallout of the pandemic. The currency’s tumble has raised concerns that its dominance of the global financial system could be waning. According to data from the Commodity Futures Trading Commission, hedge fund bets against the dollar in futures markets are at their highest level in about ten years. Meanwhile, Goldman Sachs currency strategists have warned that the dollar is in danger of losing its status as the world’s reserve currency.

Many economists think that concerns about the dollar’s demise are over-exaggerated. They argue that a number of short-term factors have contributed to its decline, including the US Federal Reserve’s aggressive monetary easing, aimed at boosting liquidity during the pandemic.

Others disagree that a weaker dollar means it’s necessarily losing

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In Britain, 100-loss journeymen boxers punch the clock

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On just a day’s notice, journeyman boxer Jamie Quinn caught a train to London for a four-round bout. On the way, he learned that they switched opponents and made it a six-rounder.

The news might unnerve some fighters, but Quinn has shown he is ready for just about anything during a career with more than 100 losses.

“You get paid more money for it,” he said. “I just see them as jobs. I don’t see them as fights.”

No preparation, no problem for the 30-year-old Quinn and the many journeymen who eke out a living by traveling around Britain to fight young prospects — nearly every weekend before the coronavirus.

Their role doesn’t require intense video analysis of opponents. They’re hired to fight up-and-comers, many of whom are unbeaten and looking to bolster their resumes. Wins are few and far between.

Quinn has compiled 104 losses since turning professional, to

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Insurance Services Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Forecasts, 2020-2024

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LONDON–(BUSINESS WIRE)–The Insurance Services market will register an incremental spend of about $1 trillion, growing at a CAGR of 4.00% during the five-year forecast period. A targeted strategic approach to Insurance Services sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

  • What are the market dynamics?
  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints on category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market

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Breakingviews – Money-laundering fight starts with transparency

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General view of the Canary Wharf financial district, as the spread of the coronavirus disease (COVID-19) continues, London, Britain, April 6, 2020.

LONDON (Reuters Breakingviews) – Big banks want you to know that reports they processed hundreds of billions of dollars of potentially dodgy funds are old and not necessarily relevant to the current money-laundering fight. That’s only partly true. The leaking of details of thousands of suspicious transactions reveal that financial institutions and authorities could do a lot more to combat the financing of terrorism, corruption and other global ills.

Shares in large lenders like HSBC, Barclays and Deutsche Bank slumped on Monday following reports that many had moved allegedly illicit cash around despite finding red flags. BuzzFeed News got hold of about 2,100 suspicious activity reports (SARs) filed to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCen) and shared them with the International Consortium of Investigative Journalists and

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As China Ages, a Push to Add Elevators Offers a New Kind of Economic Relief

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GUANGZHOU, China — When China faced previous economic slowdowns, it favored pharaonic, multibillion-dollar construction projects to quickly pump money into the economy. A bullet train network that now connects 700 cities. Ultramodern expressways longer than America’s interstate highways. And 81 of the world’s 100 highest bridges.

Now, a top Chinese official has a new idea to rev up growth during the coronavirus pandemic: elevators.

China’s premier, Li Keqiang, and his allies in the government want to retrofit as many as three million older, walk-up apartment buildings, projects that usually cost less than $100,000.

The downsized ambitions reflect the evolution of China, from a youthful but impoverished country to a graying but increasingly middle-class one.

Although China still likes grandiose infrastructure projects, they no longer have the same economic effect. High-speed rail lines and superhighways already link every large city, so new ones connect smaller and smaller communities in China’s mountainous

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Oakland County loses 25% of small businesses to pandemic

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CLOSE

Oakland County Executive David Coulter gives an update on COVID-19 cases and response, March 21, 2020 at the L. Brooks Patterson Building Conference Center in Waterford. (Photo: Junfu Han, Detroit Free Press)

The COVID-19 pandemic hit Oakland County early and hard, an economist said Monday, and while consumer spending has largely recovered, the number of small businesses open is about 25% below where it was before the coronavirus outbreak.

An annual economic report estimates Oakland County lost about 156,000 jobs in the second quarter of this year, which was nearly the same amount as the county’s job losses over the entire decade of the 2000s.

“We share County Executive (David) Coulter’s assessment that the economy cannot recover completely until the public health situation improves and workers and consumers can go about their daily lives safely,” said Gabriel Ehrlich, director of the University of Michigan Research Seminar in Quantitative Economics

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Mountain College earns national rankings from U.S. News and World Report

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PIPPA PASSES, Ky. (WYMT) – A mountain college received rankings in seven categories from a national publication.

Alice Lloyd College earned rankings from the 2021 U.S. News and World Report of Best Colleges. Nationally, among all colleges and universities, Alice Lloyd College was ranked 4th for selectivity with an acceptance rate of seven percent and 4th for alumni giving rate.

The report also ranked Alice Lloyd College 1st among all Regional Colleges and Universities for alumni giving rate, 4th for Best Value Schools among Southern Regional Colleges, 26th overall among Best Regional Colleges South and first among all Regional Colleges and Universities for Selectively with an acceptance rate of seven percent. The college was also in the top 15 in the South for Social Mobility.

U.S. News and World Report evaluates institutions based on several standards including academic quality and financial statistics.

“About 25 percent of that ranking is based

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Bullwhip Effect Could Boost U.S. Economy

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Businesses that ran down their inventories when the Covid-19 crisis struck are now trying to build them back up. That is creating a powerful boost that, while temporary in nature, investors shouldn’t ignore.

The sapping of demand that hit during the first half of the year dealt a heavy blow to the economy, but what happened to inventories only made it worse. In the earlier stages of the pandemic, disruptions to global supply chains emanating from China led to shortages of the parts and materials manufacturers needed. Then, as Covid-19 gripped the U.S., factories and their suppliers sharply curtailed, and in many cases halted, production, further reducing inventories. Finally, as they were able to come back on line, many were leery of ramping up production, worrying that any rebound in demand as the economy reopened might be meager.

When inventories get run down, gross domestic product gets depressed. That is

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