A Boca Raton couple was heading north to a coin show in Jacksonville when the back passenger-side tire blew out in Volusia County. The SUV rolled, flipping as many as five times, police said.
The rare collection went flying out of the car, spilling across the median.
Bitcoin, one of the world’s newest currencies, is an open source, peer-to-peer currency that does not exist in physical form. It’s owned and traded by means of an anonymous P2P network, without any third-party intermediary like a payment processor, without any government issuing or tracking the virtual currency. While there is a limit of only 21 million bitcoins to be generated by the year 2140, bitcoin is “free” to generate and is created by “bitcoin miners.”
The implication is that a completely untraceable underground economy will emerge using bitcoin.
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THIS WEEK’S HEADLINES:
The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government…
The audits conclude that the banks effectively cheated taxpayers by presenting the Federal Housing Administration with false claims: They filed for federal reimbursement on foreclosed homes that sold for less than the outstanding loan balance using defective and faulty documents.
THIS WEEK’S HEADLINES:THIS WEEK’S HEADLINES:
Anyone who thinks that China would never pull out of U.S. Treasuries MUST read this article.
China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.
The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.
This Week’s Headlines:
“If the U.S. Armed forces can’t find Osama bin Laden in 10 years, let Goldman Sachs try to find me.”
Dispatches From The Front 