Gold soars past $2,100 to new record —
and analysts don’t expect it to stop there
Posted By: OhioNick, 12/3/2023 11:26:15 PM
Gold prices notched a new record on Monday for a second day in a row — with spot prices touching $2,100 as the global rush for bullion appears set to continue. Gold prices are on course to hit fresh highs next year and could remain above $2,000 levels, analysts said, citing geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts. Prices of the yellow metal have risen for two consecutive months with the Israel-Palestinian conflict boosting demand for the safe-haven asset, while expectations of interest rate cuts have provided further support.
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Scientists develop world's first 'mind-reading
helmet' that translates brainwaves into words 11 replies
helmet' that translates brainwaves into words 11 replies
Scientists have developed the world's first mind-reading AI that translates brainwaves into readable text.
It works using a sensor-covered helmet that looks at specific electrical activity in the brain as the wearer thinks, and turns these into words.
The revolutionary tech was pioneered by a team at the University of Technology Sydney, who say it could revolutionize care for patients who have become mute due to a stroke or paralysis. A demonstration video shows a human subject thinking about a sentence shown on a screen, which then switched to what the AI model decoded - and the results are nearly a perfect match.
While Social Security is set to increase by 3.2 percent in 2024, many seniors are worried about how the limited inflation adjustment will keep them afloat. [SNIP] The concerns are growing, as nearly three in five seniors said they were struggling financially, and 70 percent of single seniors already struggle with their existing Social Security income. The ramifications of the small COLA boost could be severe, with around two in five seniors saying they plan to seek employment due to the modest increase. For single seniors specifically, 47 percent said they would consider employment to supplement their incomes.
Driving through Manhattan could soon become more expensive for drivers in New York City, as transportation authorities there have approved a congestion pricing plan. Some critics have criticized the move because it does not exempt taxis and Ubers, passing the cost along to those who don't drive.[SNIP] While it would require most drivers to pay a $15 base fare for entering the central business district south of 60th Street in Manhattan, there will be discounts available for low-income drivers.
After meeting with congressional leaders and members of the Biden administration Thursday, New York City Mayor Eric Adams said he was not optimistic about getting help from the federal government to deal with the illegal immigration crisis his city is dealing with. Adams noted in a Friday press conference that the city's residents are weary, angry, and "seeing the impact of the migrant and asylum seeker issue, how it is taking away from the resources that should go to the day‑to‑day services of running the city." He said that he "did not walk out from D.C. with any level of optimism that anything is going to drastically change."
For the first time in nearly a decade, the number of people in U.S. prisons increased - but, new data shows the increase was much bigger for women sent to prison. "It's really disturbing that we're moving in the wrong direction. That for almost a decade we've been reducing the prison population, said Nazgol Ghadnoosh, Co-Director of Research at the Sentencing Project, which is a research and advocacy organization. Ghadnoosh says most women are convicted of non-violent crimes - like property or drug-related crimes - and these crimes are often considered by experts to be crimes of poverty or addiction.
An unforgiving southeast wind cut across Cape May, New Jersey, on a recent Tuesday morning; the 50-mile-per-hour gusts were so strong they created white caps on a section of the bay here that is typically calm. There would be no fishing for Bill Bright and his crew. [SNIP] But back in 2020, federal regulators moved to require herring fishermen to directly pay observers salaries, a move that could potentially cost herring fishermen up to $700 per day. By some estimates, that could top 20% of revenue from a fisherman's catch.
Hamas-linked financiers made hundreds of millions of dollars of profits by shorting Israeli stocks before the October 7 massacre, two analysts say.
One unidentified trader 'shorted' 4.43 million shares in Israel's largest bank, Leumi, between September 15 and October 5 - meaning they gambled that the price of Leumi's shares would fall.
After the October 7 attack, Leumi's share price did indeed plummet as its operations were paralyzed, earning a $900 million profit for the trader, who is believed to have links to Hamas.
The trade and others were unearthed by Robert J. Jackson, Jr, from New York University School of Law, and Joshua Mitts of Columbia Law School.
Gold prices notched a new record on Monday for a second day in a row — with spot prices touching $2,100 as the global rush for bullion appears set to continue.
Gold prices are on course to hit fresh highs next year and could remain above $2,000 levels, analysts said, citing geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts. Prices of the yellow metal have risen for two consecutive months with the Israel-Palestinian conflict boosting demand for the safe-haven asset, while expectations of interest rate cuts have provided further support.
This year, Cuyahoga County may still be on track to surpass 2017 for the highest number of overdose deaths. Cuyahoga County Medical Examiner Dr. Thomas Gilson said fentanyl remains the biggest contributor. "There’s still always the chance you get something you didn't bargain for,” said Gilson.
Since fentanyl appeared in the area's drug supply in late 2014, Cuyahoga County went from around 350 drug overdoses a year to 650 plus every year. The worst year to date was 2017 when 727 people overdosed. In June, when News 5 spoke to Gilson last, he feared the county was on track to surpass 2017.
Amazon has banned the sale of the 'FlipperZero' gadget, a handheld device designed to hack into digital frequencies such as radio waves and TV signals.
First released in the summer of 2020, the tool took off this year as it fueled a TikTok prank wave.
The online retail giant decided to ban the product after it became clear its hacking abilities are also able to clone credit card information, breaking the company's rules on card-skimming.
And in a disturbing look at how easily public digital waves are intercepted, social media has become flooded with pranksters switching off restaurant screens, opening card-locked doors and meddling with vehicles.
Muslim community leaders from several swing states pledged to withdraw support for U.S. President Joe Biden on Saturday at a conference in suburban Detroit, citing his refusal to call for a ceasefire in Gaza.
Democrats in Michigan have warned the White House that Biden’s handling of the Israel-Hamas war could cost him enough support within the Arab American community to sway the outcome of the 2024 presidential election. Leaders from Michigan, Minnesota, Arizona, Wisconsin, Florida, Georgia, Nevada and Pennsylvania gathered behind a lectern that read "Abandon Biden, ceasefire now" in Dearborn, Michigan - the city with the largest concentration of Arab Americans in the United States.
Henry Kissinger, arguably the most identifiable secretary of state in modern times, died at the age of 100 on Wednesday having witnessed - and influenced - some of the most significant historical events that went on to shape our world today. [SNIP] Before turning 20, he would be persecuted by Nazis for being Jewish, flee Germany with his family. [SNIP] With his 84th Infantry Division, he returned to fight on his native soil, hunted down Nazis who served in the gestapo and helped liberate a concentration camp - an experience he later described as one of the 'most horrifying experiences of my life'.
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WASHINGTON - U.S. President Joe Biden said on Tuesday that Israel is losing support over its "indiscriminate" bombing of Gaza and that Benjamin Netanyahu should change, exposing a new rift in relations with the Israeli prime minister.
Biden's remarks, made to donors to his 2024 re-election campaign, were his most critical to date of Netanyahu's handling of Israel's war in Gaza. They are a stark contrast to his literal and political embrace of the Israeli leader days after Hamas militants' Oct. 7 attack on southern Israel.
"Israel's security can rest on the United States, but right now it has more than the United States. It has the European Union, it has Europe,
First lady Jill Biden blasted over 'bizarre'
White House Christmas video: 'United States
of Bananas' 29 replies
White House Christmas video: 'United States
of Bananas' 29 replies
First lady Jill Biden was blasted Wednesday night after posting a video to X showing dancers tapping around the holiday-decorated White House, whose theme this year is "Magic, Wonder and Joy." (Snip) "A bit of magic, wonder, and joy brought to you by the talented tappers of Dorrance Dance, performing their playful interpretation of The Nutcracker Suite. Enjoy!" the first lady's post read.
Is the right about to snatch defeat from the jaws of victory regarding Bud Light? That's the story after several prominent right-wing figures publicly came out in support of the embattled beer brand recently.
For those unacquainted with the controversy, Bud Light got itself into hot water by joining forces with transgender activist (and all-around mentally deranged person) Dylan Mulvaney. That resulted in a commemorative can being sent to Mulvaney, who then used it to do product placement in a couple of videos posted on social media.
The backlash was swift, and for the first time in history, conservatives were to put some teeth behind the phrase "go woke, go broke."
The Democratic mayor of Boston has sparked outrage after inviting city councilors to a holiday party intended only for 'electeds of color.'
Michelle Wu's invitation for the December 13 'Electeds of Color Holiday Party' appeared to have been sent out to all councilors in error by her aide, Denise DosSantos.
DosSantos followed up the email 15 minutes later apologizing for the invite, clarifying that it was only meant for the city's six councilors of color. The seven white council members were not welcome.
We're just a little over a month out from the GOP presidential primary swinging into high gear. The Iowa Caucuses will kick things off on January 15. While Florida Governor Ron DeSantis has set his sights on the Hawkeye State — and secured the endorsement of Governor Kim Reynolds — former South Carolina Governor and United Nations Ambassador Nikki Haley has been focusing her efforts on New Hampshire, where the primary will take place on January 23. Nikki Haley is putting her chips on the center of the board in New Hampshire, a New England state where she has surged into a clear second place behind former President Trump.
Boston Mayor Michelle Wu was all smiles as she was joined by other city and state leaders at a 'no whites' holiday reception Wednesday evening.
'I'm proud to host many many of these across all different types of collations,' Wu said outside of the controversial event.
The segregated holiday party for 'electeds of color' has been held for years in Boston, but garnered scrutiny this year after an email invitation was sent to all 13 members of the city council, only for them to be rescinded from the seven white councilors 15 minutes later.
According to a new report, Joe Biden is blaming himself for the legal woes of his son, thinking if he hadn't run that this wouldn't be happening and he's prone to flipping out if anyone brings up the topic. “In private, no issue is more likely to anger or sadden President Biden than attacks on his son,” according to Axios, which describes people close to the 81-year-old president noticing that his “moods shift” when there is unpleasant news about Hunter.
Few in the president’s inner circle “feel free to discuss Hunter’s situation with the president” over fears that it could “prompt
Senate Democrats are pressuring the supreme court justice Clarence Thomas to recuse himself from deciding whether Donald Trump has immunity from prosecution for alleged crimes he committed while president.
For the first time in the nearly 30-year history of the United Nations summit on climate change, all nations gathered unanimously agreed to a resolution that called for “transitioning away from fossil fuels” and committed member states to tripling existing green-energy infrastructure by 2030.
The nearly 200 member countries gathered at the COP28 Climate Summit in Dubai agreed to transition away from fossil fuels “in a just, orderly and equitable manner” before entirely eliminating carbon emissions by 2050. While previous U.N. climate agreements committed member states to work toward slowing global warming, the deal announced Wednesday was the first to include an explicit commitment to do away with “fossil fuels.”
Representative Nancy Pelosi (D-CA) said Tuesday on MSNBC’s “Alex Wagner Tonight” that she believes Democrats are fighting for freedoms that Republicans are taking away with book bans.
The former speaker claimed books in school that have been classics “are now burned.”
Wagner said, “Some of the priorities for these Republican lawmakers in a vacuum. The most egregious things really stand out. Among them their war on reproductive freedom and the most recent comments from their informal head, their front runner, Donald Trump, who wants to replace Obamacare.”
Pelosi said, “Yes, imagine that. When he was president he said repeal and replace. He had no replacement, he just wanted to repeal
Hamas leaders who had lived in luxurious exile in Qatar have left for unknown destinations as of Tuesday and have switched off their phones, according to the Israeli Kan channel’s Arabic news service, Makan.
According to Makan (via Google translate), a “number” of Hamas leaders have left Qatar “for an unknown destination,” though they are presumed to be going to Lebanon, Iran, or Algeria.
The Jerusalem Post added: “Additionally, on Tuesday, KAN news reported that Saleh al-Arouri, a senior member of Hamas, left his usual residence in Beirut for Turkey.”
Other countries that have given refuge to Hamas in the past include Syria, though that is probably too close
Joe Biden held Israel closer than any American president ever has in the horrific days after the Hamas attacks on October 7.
But more than two months later, following days upon end of Israeli strikes in Gaza that have killed thousands of civilians, unprecedented tensions are widening between the White House and the government of Prime Minister Benjamin Netanyahu. Biden accused Israel, for example, of carrying out “indiscriminate” bombing in an off-camera political event this week. He used exceedingly blunt language, which typically causes pushback from Israel’s leaders, who insist they try to spare civilians but accuse Hamas of using innocent Palestinians as cover.