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Paul Ryan Says He Will Retire Once He Has Wrecked Country | The New Yorker


Starting 2018 with a political bombshell, House Speaker Paul Ryan said on Tuesday that he will retire once he is satisfied that he has completely wrecked the country.

Asked by a reporter whether, by passing the Republican tax bill, he had not in fact already wrecked the country, the House Speaker responded, “That was an important step in the right direction, but, make no mistake, there is much havoc left to wreak.”

Source: Paul Ryan Says He Will Retire Once He Has Wrecked Country | The New Yorker

Itching for a fight, Dems vow to hold the line | TheHill


The January battle to keep the government open is the fight Democrats have been itching for.

On three occasions in recent months, Democrats punted on some of their top priorities as the GOP passed short-term funding bills — a strategy that outraged liberals eager for confrontation on issues like immigration and health care.

But with yet another spending deadline approaching on Jan. 19, Democrats say the time has come to hold the line.

Source: Itching for a fight, Dems vow to hold the line | TheHill

Deposit Insurance: FRDI: Deposit insurance may need to rise up to Rs 15 lakh to cover at least 90% of FDs | The Economic Times

[India]

The government may have to raise the deposit insurance cover by more than 12 times in the proposed insurance bill if it has to ensure a safety net for at least 90 per cent of deposits, which was the base when the limit was last revised a quarter century ago.

In 1993, when the limit for providing deposit insurance was set at Rs 1 lakh, as much as 90 per cent of the accounts had that much or less amount. But as of March 2016, that share had shrunk to 67 per cent.

If 90 per cent of the deposits were to be still covered, then the threshold should now have to go up to at least Rs 15 lakh from Rs 1 lakh, an ET analysis shows.

Source: Deposit Insurance: FRDI: Deposit insurance may need to rise up to Rs 15 lakh to cover at least 90% of FDs – The Economic Times

Israel offers to pay African migrants to leave, threatens jail


The plan launched this week offers African migrants a $3,500 payment from the Israeli government and a free air ticket to return home or go to “third countries”, which rights groups identified as Rwanda and Uganda.

“We have expelled about 20,000 and now the mission is to get the rest out,” Netanyahu said.

Source: Israel offers to pay African migrants to leave, threatens jail

Petrobras to pay $2.95 billion to settle U.S. class action over corruption


Petrobras, as the company is known, denied any wrongdoing under the deal, which is one of the largest securities class action settlements in the United States. U.S. District Judge Jed Rakoff in Manhattan must approve the settlement.

Source: Petrobras to pay $2.95 billion to settle U.S. class action over corruption

North Korea reopens border hotline as Trump boasts of ‘bigger’ nuclear button


The North’s decision to open the border phone line came a day after South Korea proposed high-level discussions amid a tense standoff over North Korea’s missile and nuclear programs.

That followed North Korean leader Kim Jong Un’s New Year address in which he said he was open to speaking with the South and would consider sending a delegation to the Winter Olympics to be held just across the border in Pyeongchang in February.

Source: North Korea reopens border hotline as Trump boasts of ‘bigger’ nuclear button

China central bank can tell local governments to regulate bitcoin miners’ power use


While the People’s Bank of China (PBOC) can’t directly regulate bitcoin miners’ power usage, it can ask local authorities to do so, the central bank told members of the Leading Group of Beijing Internet Financial Risks Remediation at a meeting at the end of 2017, the source said.

Experts say China is one of the world’s biggest sources of bitcoin mining, where miners solve complex mathematical puzzles with computers in order to be awarded virtual coins.

The intensive use of computers for bitcoin mining has boosted demand for electricity.

Source: China central bank can tell local governments to regulate bitcoin miners’ power use: source

Speculators raised net short bitcoin positions in Dec 26 week: CFTC


Net short bitcoin contracts rose to 1,801 in the week that began Dec. 26, from 1,507 short contracts the previous week.

During the last two weeks of December, bitcoin in the spot market slumped nearly 28 percent, but still ended the year up about 1,300 percent.

Source: Speculators raised net short bitcoin positions in Dec 26 week: CFTC