Inside China’s quiet plan to dethrone the dollar
04/09/2021 6:51 AMOver the last few months, 100k+ people in China were airdropped cold hard cash... digitally. The People’s Bank of China (PBOC) is piloting a digital version of the country’s currency (Chinese yuan) that will circulate alongside its paper and coin counterparts. It’s...
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3G Billionaires Snap Up Real Estate Bargains in Covid Hotbed
04/09/2021 6:44 AMThe private equity titans behind 3G Capital Inc. and their families are taking advantage of distressed real estate prices in Brazil, where the economy has been battered by Covid-19 and the botched government response. Firms linked to billionaires Jorge Paulo Lemann,...
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Rising Home Prices are a Good Thing
04/09/2021 5:53 AMAt least for the 70% of Canadians own their own home but with immigration set to rise and government adding hundreds of thousands to the cost of new homes - the affordability issue isn't going...
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Neighbourhood Investing – Horseshoe Bay
04/08/2021 4:55 PMRising up from the north facing marina, ferry terminal and commercial district in the heart of the bay, the community of Horseshoe Bay spreads south and west to encompass the entire peninsula, including the Gleneagles golf course, community centre and elementary...
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The Richest New Yorkers Could Be Hit With a Top Tax Rate of Over 50%
04/08/2021 6:44 AMGovernor Andrew Cuomo and lawmakers are targeting wealthy residents just as some of them consider relocating permanently to low-tax locations. New York Governor Andrew Cuomo practically begged the rich to return to the city last year. “‘We’ll go to dinner, I’ll buy...
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Anger In The Ranks
04/08/2021 6:36 AMNEW YORK (BLOOMBERG) - For the second time in a little more than a week, Thomas Gottstein was facing a tough crowd: his own bankers. The chief executive officer of Credit Suisse Group gathered dozens of managing directors at the global bank on a conference call late...
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Trudeau’s Dilemma
04/08/2021 6:21 AMJanet Yellen knows that raising corporate tax rates in the US encourages US businesses to invest or relocate elsewhere so she wants Canada to raise minimum corporate tax rates. Good for the US but is it good for...
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Schachter’s Eye on Energy – April 7th
04/07/2021 10:48 AMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 27 energy and energy service companies with...
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Are you ready for “The Social Network II”
04/07/2021 8:59 AMHow the billionaire Winklevoss twins are betting on a decentralized future Many of us know Tyler and Cameron Winklevoss as the statuesque Harvard rowing twins who sued Mark Zuckerberg for ownership of Facebook. That image -- along with Justin Timberlake’s curly hair...
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A Trillion Here, a Trillion There
04/07/2021 7:22 AMThe late Everett Dirksen, a long-serving Minority Leader of the Republicans in the U.S. Senate, is famously quoted as saying a billion here, a billion there, and soon we’re talking real money. That was back in 1969. At the time, a billion dollars was about one-tenth...
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