Mic Drop

Money is very important in Gabon...

He was admitted to the hospital on Aug. 11, the same day a Soyuz rocket carrying the Luna 25 robotic spacecraft launched from the Vostochny Cosmodrome in the Russian Far East.

The killer app for a decentralized blockchain just happens to be "money"

https://news.bloomberglaw.com/antitrust/big-banks-500-million-settlement-puts-wall-street-on-notice?source=newsletter&item=body-link&region=text-section The funds in 2017 filed suit, accusing the Wall Street giants of conspiring to thwart all-electronic trading systems that match stock lenders and borrowers in an effort to preserve the banks’ privileged role as a broker on every stock loan trade.

Pasadena smash-and-grab: Thieves steal $500,000 worth of jewelry, owner says https://www.foxla.com/news/pasadena-smash-and-grab-jewelry-store "Babikian said he has owned the business for more than 40 years. He added he doesn't know what the future holds. "I don't even know what I would do tomorrow morning," Babikian said, holding back tears."

https://www.aol.com/beekeepers-rescue-5-million-bees-233502299.html The hives were being transported when the straps holding them in place came loose, allowing them to slip free. Mr Barber said he arrived to "a pretty crazy cloud of bees" who were "very angry, confused and homeless". Drivers were told to keep their windows up and pedestrians to stay away.

https://finance.yahoo.com/news/short-seller-jim-chanos-called-122724674.html Short-seller Jim Chanos called Vietnamese carmaker VinFast a $200 billion ‘meme stock’—the price collapsed hours later

https://www.foxla.com/news/moreno-valley-mall-mob-brawls-crackdown-teen-fights-violence-safety RIVERSIDE COUNTY, Calif. - Multiple brawls among teens across Southern California recently has prompted one shopping mall to take action in an effort to combat the violence and protect customers. At Moreno Valley Mall, multiple fights took place at the popular mall Sunday just after 6 p.m. Hundreds of people were at the mall as the movie theater was offering $4 movie tickets as part of National Cinema Day.

https://nypost.com/2023/08/30/visa-mastercard-plan-to-hike-credit-card-fees-report/ An interchange fee is the charge a merchant pays to the card-issuing bank every time a consumer swipes their card. Increases in fees merchants pay to card issuers are typically passed on to consumers, regulators have previously said.

Apple: Using cash is “clearly reckless” https://blog.vexl.it/apple-using-cash-is-clearly-reckless-77e2a519a3bc

Test messages will be sent to all TVs, radios and mobile phones FEMA is coordinating with the Federal Communications Commission to carry out the test at approximately 2:20 p.m. ET on Wednesday, Oct. 4. https://themessenger.com/news/emergency-alert-system-test-october

Large banks would be required to maintain a minimum amount of eligible long-term debt equal to the greater of 6 percent of risk weighted assets, 3.5 percent of average total consolidated assets, and for banks subject to the supplementary leverage ratio, 2.5 percent of total leverage exposure under the supplementary leverage ratio. Additionally, the proposal would: Prohibit large banks from engaging in certain activities that could complicate their resolution; and Disincentivize banks from holding long-term debt issued by other banks to reduce interconnectedness. Because large banks generally pose less risk than the largest and most complex banks, the proposed requirement would be calibrated at a lower level relative to existing requirements for the eight largest and most complex banks. Under existing rules, the largest and most complex banks are subject to total loss-absorbing capacity (TLAC) requirements, including minimum and buffer requirements, as well as a long-term debt requirement. Under the proposal, a large bank with total assets of $100 billion or more that is not one of the largest and most complex banks would not be subject to TLAC requirements. https://www.fdic.gov/news/fact-sheets/ltd-resolution-8-29-23.html