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The Winklevoss brothers made a change to their plans for a bitcoin fund

Thomson ReutersInvestors Cameron and Tyler Winklevoss on Wednesday filed to switch the listing of their proposed bitcoin exchange-traded fund to BATS Global Markets from Nasdaq, according to a filing with the Securities and Exchange Commission. The Winklevoss brothers, identical twins, had filed their first application for a listing three years ago. The proposed ETF, the Winklevoss Bitcoin Trust, … [Read more...]

Heroin overdose deaths in America have tripled over four years

Thomson ReutersThe number of overdose deaths involving heroin is rising at a faster rate than any other illicit drug in the United States, according to statistics released by the United States Drug Enforcement Administration (DEA) on Tuesday. The DEA's National Heroin Threat Assessment Summary reports that the while the number of heroin users has been rising rapidly — there were 435,000 … [Read more...]

Mitch McConnell: ‘Trump clearly needs to change’

With less than a month to go until the Republican Party formally coronates Donald Trump as its 2016 presidential nominee, Senate Majority Leader Mitch McConnell (R-KY) still isn't convinced Trump is a "credible" candidate. In an interview with NY1, McConnell said that "my hope is that he is beginning to pivot and become what I would call a more serious and credible candidate for the … [Read more...]

An activist group is punching holes in Walmart’s ‘made-in-the-USA’ claims on its products

Reuters/Rick WilkingAn activist group has written a letter [opens in PDF] to the Federal Trade Commission (FTC) alleging that Wal-Mart uses false and deceptive claims that some products it sells are "Made in the USA." This is not the first time that TruthInAdvertising.org (TINA.org) has targeted the retailer with this charge. The dispute between the two parties began in June … [Read more...]

The song ‘American Pie’ explains the Brexit vote shockingly well

As a participant for 36 years in the U.S. stock market, I’ve learned to look for watershed events that must be respected by investors. A watershed event is a point in time where a major secular change takes place. Britain’s vote to leave the European Union appears to be one of those events. We’d like to use the poetry of Don McLean in his song “American Pie” to help … [Read more...]

Two transgender women just made history by winning congressional primaries

Rick Bowmer/APOn Tuesday, two transgender women made U.S. history as the first to win congressional primaries. The two women, who coincidentally have the same first name and little political experience, are also both running in conservative-heavy areas.  In Utah, former grocery store clerk and 30-year-old Democrat Misty K. Snow will be running against current Senator Mike Lee … [Read more...]

Brazil’s embattled president could see herself dismissed before the end of the Rio Olympics

Thomson ReutersBrazil's Senate could take its final vote on the impeachment of suspended President Dilma Rousseff the day before the closing ceremony of the Olympic Games in Rio de Janeiro, a senior lawmaker said on Wednesday. Senate President Renan Calheiros told journalists the final vote in Rousseff's impeachment trial was scheduled for around Aug. 20. If she is found guilty of breaking … [Read more...]

Here’s how the FBI terrorist watch list actually works

APIn 2010, an American security contractor attempting to board a plane to Texas from Bogotá, Colombia, was denied a boarding pass. That was when Raymond Earl Knaeble first learned that he had been placed on a U.S. government terrorist watch list. Knaeble, who was heading home before starting a new job in Qatar, was delayed for weeks. He lost the job. He later sued the Justice Department … [Read more...]

Cybersecurity​ has started fighting back against hackers

Screenshot/http://video.wired.com/watch/henry-s-premiereThere is an adage, often invoked in sports, that the best defense is a good offense. Control the ball or the pace of the game, and your opponent can’t do the same. The idea applies in many contexts — corporate, political, military and, as is becoming more and more apparent, cybersecurity. So powerful and persistent are hacking … [Read more...]

The suspected murderer of British MP Jo Cox will face trial in November

Elizabeth Cook/PA ImagesLONDON (Reuters) - The man accused of murdering British member of parliament Jo Cox in her electoral district in northern England last week was told on Thursday he will go on trial in November. Thomas Mair, 52, is accused of shooting and stabbing Cox, a 41-year-old mother of two young children, in the street as she arrived for a meeting with residents in the town of … [Read more...]

Stress is more likely to cause depression in men than women

ShutterstockAccording to the World Health Organization (WHO), more women are affected by depression than men. This pattern is seen in countries around the world, including the United States. Cross-national and cross-cultural studies have indicated that the prevalence of depression among women is higher at any given time than among men. This pattern does not seem to have many … [Read more...]

Americans will spend 8.9 billion hours doing their taxes this year

Mario Tama / Staff / Getty ImagesAmericans will spend nearly 9 billion hours this year filling out paperwork for the IRS, according to a Tax Foundation report released last week. That’s more than 1 million years, or enough time to watch The Godfathertrilogy more than 900 million times. “For decades, the tax code has become more and more detailed, with thousands of additional pages of … [Read more...]

Sanders and Clinton delegates are struggling to afford attending the DNC

Reuters/Lucas JacksonDelegates saddled with thousands of dollars in expenses — from pricey hotels to time off work — to attend the Democratic National Convention in Philadelphia have now turned to crowdfunding sites to help pay their way. The estimated per-person cost for the four-day convention between 25-28 July ranges from $3,000 to $8,000, according to delegates pledged to the … [Read more...]

China is doing something no other country is, and it looks like it might finally come to an end

China Photos / Getty ImagesHalf of the world´s economies (emerging and the developed) are seeing a slowdown in their economic growth. This could potentially be a sign of a new global crisis. Are we at the doorstep of a new global recession? We have already reported in a previous article and in our reports that there exists little risk of a global recession. This time the analysis will take … [Read more...]

Hong Kong airlines are cracking down on shark fins

Reuters/Bobby YipHong Kong’s flagship airline has finally bowed to public pressure by slapping a blanket ban on shark fin being carried on any of its planes. But Cathay Pacific, the city’s biggest carrier, and its sister ­airline Dragonair have left the door open for a possible U-turn by saying the new policy will be ­subject to review. The move – which will take … [Read more...]

Venezuela’s opposition is one step closer to ousting Maduro

Thomson ReutersVenezuela's opposition appears significantly closer to forcing a recall referendum on President Nicolás Maduro, thanks to the long lines of sympathizers lining up this week to validate their support of the process. "We are going to complete the validation process and we are going to get a referendum this year," opposition leader and former presidential candidate Henrique … [Read more...]

George Soros thinks China will ‘land hard’ – here’s why he’s wrong

Reuters/Jorge SilvaAlthough a number of well-known hedge fund managers such as Kyle Bass and George Soros have publicly stated they believe some kind of a “hard landing” in China is coming, not everyone agrees. Mark Yusko of Morgan Creek Capital is not in the China “hard-landing” camp. He says while the Chinese economy is facing a number of headwinds and risks as it tries … [Read more...]

Racial profiling likely wouldn’t prevent another Orlando shooting

AP Photo/David BurnsAfter Omar Mateen’s attack in Orlando last week, Donald Trump revived a controversial proposal: profiling Muslim Americans to prevent terrorism. “I hate the concept of profiling, but we have to use common sense,” Mr. Trump said Sunday in an interview with CBS’ Face the Nation. “We’re not using common sense.” The debate over racial … [Read more...]