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Ford Motor Co. plans to cut several sedans, including the Fusion, Fiesta and Taurus, from its lineup to more quickly reach an elusive profit target.
By 2020, almost 90% of Ford’s portfolio in North America will be pickups, sport utility vehicles and commercial vehicles.
The cuts are aimed at kick-starting…
The People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their future within China.
Yi Gang’s Appointment Offers Hope
On March 19, China’s National People’s Congress voted to approve President Jinping’s nominee to oversee the People’s Bank of China (PBoC). The appointment was not a surprise, for Yi Gang was already serving as deputy governor. The Beijing-born official is believed to have taken up his position with immediate effect. Zhou Xiaochuan, who stepped down from the role, was widely seen as a liberal governor, and it’s likely that Yi will continue where his predecessor left off.
Yi Gang has previously spoken positively about bitcoin, going so far as to call it “inspiring” or “enlightening” in an address made in 2013. He appears to have been happy for Chinese citizens to engage in the buying and selling of bitcoin online, regarding it as a distinctly separate activity from trading currency. When speaking to the G20 summit in 2016, Yi also spoke positively of blockchain technology.
A Progressive for a New Era?
“It seems that the incoming governor Yi Gang is more crypto progressive,” noted Youtuber “Boxmining”, giving his thoughts on the appointment. As governor of the world’s largest central bank based on asset holdings, Yi is sure to be careful about how he chooses his words from now on. A ringing endorsement of cryptocurrency is unlikely. Even a laissez-faire approach that enabled bitcoiners to ply their trade without government intervention would herald good news for China and for the global crypto economy.
Do you think Yi Gang’s appointment means good news for bitcoin’s legal status in China? Let us know in the comments section below.
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LSU running back Derrius Guice says he faced some extremely inappropriate questions from teams during the NFL Scouting Combine this week. “It was pretty crazy,” told SiriusXM, per USA Today . “I go in one room, and a team will ask me do I like men, just to see my reaction….
The Beverly Hills attorney set to lead the IRS likes magic tricks — he’ll need a few to run the agencyFebruary 13, 2018 | dailybusinessnews
The Internal Revenue Service this year will have to write and interpret a bevvy of rules as the agency implements the most sweeping set of changes to the tax code in a generation.
And leading the agency through that process could be an IRS commissioner with a resume quite unlike those of his predecessors.
Scientists have long wondered about the “prosocial” activity of bonobos, noting how the apes appear to be more sharing and cooperative than other primates such as chimps, per the Los Angeles Times . But humans may still have them beat after a new study out of Duke University suggests bonobos prefer…
Sen. Ted Cruz was trending on Twitter Tuesday after some strange and NSFW late-night goings-on with his verified account. The senator’s personal account “liked” a two-minute long porn clip from @SexuallPosts, Mediaite reports. It was “unliked” around an hour later, at around 1:30am. “The offensive tweet posted on @tedcruz…
Ex-WWE star Cameron — real name Ariane Andrew — says she’s being UNFAIRLY labeled a racist because she only dates white men … telling TMZ Sports, “We all have a preference.” Andrew — who’s black — came under fire over the weekend after…
International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan's new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fragile economic recovery. Lipton also shrugged off the view that monetary policy was nearing its limit as a means to revive economies across the globe, stressing that central banks must be open to new ideas to help spur growth. "Central banks have to always be ready to do whatever they can based on the realities they face," Lipton told Reuters on Saturday.
Waze, Google’s map app, is notorious for forcing drivers to attempt uncontrolled left turns onto busy streets in an effort to get them where they’re going in the shortest amount of time. “Many drivers (and especially LA drivers) know the feeling,” Waze itself admits in a statement . That’s why the…