No one knows precisely what moves crypto prices, but Musk certainly seems to be playing a role — and by extension may be endangering the decentralized ideals of the market. Not long after he announced in February that Tesla would invest $1.5 billion in bitcoin, the price of one bitcoin hit a high, crossing $50,000 for the first time. Then, this month, Musk changed tack: Citing the environmental cost of bitcoin mining’s use of computing power, he announced that Tesla would no longer accept payment in the currency. Bitcoin’s price crashed soon after. This week, he may have helped push
In a Deutsche Bank survey of 620 market professionals published this week, 39% of respondents listed a “central bank policy error” as one of the top three risks to market stability, up from 21% the previous month.… Read More
In 1992, Congress tried to address student loan default rates by creating a statute in the Higher Education Act that enabled married couples to consolidate their debt with their spouses.
Nearly 30 years later, lawmakers are trying to pass a new law to fix the unintended consequence of some of those borrowers being divorced and squabbling over the consolidated debt.
A bipartisan group of lawmakers — including Representatives David E. Price (D-NC), Greg Murphy (R-NC), and Haley Stevens (D-MI), in addition to Senators Mark Warner (D-VA), Marco Rubio (R-FL), and John Cornyn (R-TX) — have now reintroduced the Joint Consolidation