Former FTX CEO Sam Bankman-Fried was arrested just before he was to testify to Congress. Meanwhile, the DOJ may prosecute rival cryptocurrency exchange Binance for money laundering. All this as the New York Fed tests its own digital currency.Continue Reading

China’s President Xi Jinping was given a third term in office at the recent Chinese Communist Party congress, elevating him to the status of Mao.Continue Reading

Vladimir Putin’s ally, Dmitri Medvedev, threatened the use of nuclear weapons if areas of Ukraine occupied by Russian troops are attacked.Continue Reading

A German bakery was shocked when its bill for natural gas, normally about $5,800 a month, jumped to about $87,500 a month for the last quarter. The ongoing proxy war between NATO and Russia is leading to a cold, dark, and hungry winter for Europe.Continue Reading

China quietly cut off shipments of sand to Taiwan last Wednesday, depriving the country that produces 2/3 of the world’s computer chips of a critical raw material, potentially affecting everything from computers and cars to missile guidance systems.Continue Reading

Nancy Pelosi’s stunt visit to Taiwan last week caused Xi Jianping and Chinese leadership to lose face, an unforgivable act in their culture. China’s response may be slow in coming, but it will be calculated, precise, and tough.Continue Reading

The Department of Justice filed suit Tuesday against Idaho, seeking to overturn what it calls the state’s “near-total ban” on abortion. Attorney General Merrick Garland claims, however, the lawsuit has “nothing to do with going around” the Supreme Court.Continue Reading

House Speaker Nancy Pelosi and several other Democratic representatives arrived in Taiwan Tuesday night, contrary to the wishes of the Chinese government and the Biden administration. Meanwhile, China’s military launched live-fire exercises in the waters around Taiwan.Continue Reading