Trump: I’m ‘not a fan’ of cryptocurrencies, and Facebook may need a banking charter for Libra

U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch the digital token Libra. In a series of Twitter posts, Trump said cryptocurrencies are not money and “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.” “If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all


U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch the digital token Libra. In a series of Twitter posts, Trump said cryptocurrencies are not money and “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.” “If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all
Trump: I’m ‘not a fan’ of cryptocurrencies, and Facebook may need a banking charter for Libra Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: yen nee lee
Keywords: news, cnbc, companies, im, bitcoin, facebook, president, currency, libra, trump, twitter, need, charter, fan, bank, price, banking, cryptocurrencies, dollar


Trump: I'm 'not a fan' of cryptocurrencies, and Facebook may need a banking charter for Libra

President Donald Trump talks to reporters before boarding Air Force One to return to Washington from Morristown Municipal Airport in Morristown, New Jersey, July 7, 2019.

U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch the digital token Libra.

In a series of Twitter posts, Trump said cryptocurrencies are not money and “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations,” said the president.

Trump is not the only one who has criticized Facebook’s plan to introduce Libra. Federal Reserve Chair Jerome Powell, French Finance Minister Bruno Le Maire and Bank of England Governor Mark Carney are among government leaders and central bank chiefs who have spoken up against Libra.

Facebook declined to comment on Trump’s twitter posts.

Trump echoed many critics of cryptocurrencies, questioning how bitcoin is valued and highlighting its price volatility. Many argue that those attributes count against the wider adoption of digital currencies.

Cryptocurrencies “are not money, and whose value is highly volatile and based on thin air,” said Trump.

In the last 24 hours alone, the price of bitcoin against the dollar saw movements that would spark worries if they were seen in any major national currency: It touched a high of $12,033.74 and a low of $11,142.79, according to industry data site CoinDesk.

The president said the “dependable and reliable” U.S. dollar should be the “only one real currency in the USA.”

“It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!” said Trump.

Despite Trump’s criticisms, the price of bitcoin did not appear to move much immediately following his posts, according to CoinDesk data.


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: yen nee lee
Keywords: news, cnbc, companies, im, bitcoin, facebook, president, currency, libra, trump, twitter, need, charter, fan, bank, price, banking, cryptocurrencies, dollar


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Trump says he’s ‘not a fan’ of Jeffrey Epstein — won’t explain ‘falling out’ with accused child sex trafficker

Epstein has pleaded not guilty in the case, and is being held pending a detention hearing next week. In 2002, Trump told New York magazine that at that time he had known Epstein for more than a decade and called him a “terrific guy” who is “a lot of fun to be with.” “It is even said that he likes beautiful women as much as I do, and many of them are on the younger side,” Trump told the magazine at the time. Trump, during a photo opportunity in the Oval Office on Tuesday, told reporters that he h


Epstein has pleaded not guilty in the case, and is being held pending a detention hearing next week. In 2002, Trump told New York magazine that at that time he had known Epstein for more than a decade and called him a “terrific guy” who is “a lot of fun to be with.” “It is even said that he likes beautiful women as much as I do, and many of them are on the younger side,” Trump told the magazine at the time. Trump, during a photo opportunity in the Oval Office on Tuesday, told reporters that he h
Trump says he’s ‘not a fan’ of Jeffrey Epstein — won’t explain ‘falling out’ with accused child sex trafficker Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: dan mangan
Keywords: news, cnbc, companies, secretary, sex, york, falling, told, acosta, fan, federal, epstein, explain, hes, known, trafficker, office, trump, wont, jeffrey


Trump says he's 'not a fan' of Jeffrey Epstein — won't explain 'falling out' with accused child sex trafficker

President Donald Trump on Tuesday said “I was “not a fan” of accused child sex trafficker Jeffrey Epstein — but repeatedly refused to reveal what led to a “falling out” that he now claims to have had with the wealthy financier about 15 years ago.

Trump’s comments came a day after Epstein, 66, appeared in New York federal court to face new charges that he sexually abused dozens of underage girls, some as young as 14, in his Manhattan and Florida mansions from 2002 to 2005.

Epstein has pleaded not guilty in the case, and is being held pending a detention hearing next week.

In 2002, Trump told New York magazine that at that time he had known Epstein for more than a decade and called him a “terrific guy” who is “a lot of fun to be with.”

“It is even said that he likes beautiful women as much as I do, and many of them are on the younger side,” Trump told the magazine at the time. “No doubt about it – Jeffrey enjoys his social life.”

Trump, during a photo opportunity in the Oval Office on Tuesday, told reporters that he had known Epstein “like everyone in Palm Beach,” Florida.

“He was a fixture in Palm Beach,” Trump said of Epstein, who is also known for having been friends with former President Bill Clinton.

“I had a falling out a long time ago with him,” Trump said. “I don’t think I’ve spoken to him in 15 years.”

“I was not a fan of his,” Trump said.

Reporters asked Trump at least four times what caused the falling out, in particular if it stemmed from a criminal probe of Epstein in Florida in the mid-2000. But aides ushered them out of the Oval Office as Trump did not answer.

During the same photo opportunity, Trump said that he felt badly for his Labor secretary, Alex Acosta, who is facing increasing calls by Democrats to resign because of his role in a non-prosecution agreement that Epstein signed in 2008 with the U.S. Attorney’s Office in Miami, which Acosta headed at the time.

Trump said that Acosta has done an excellent job as Labor secretary, and said Acosta would not have been the only person responsible for the deal with Epstein.

At the time of that deal, Epstein was being investigated both by state and federal authorities for conduct that is now the basis for the new prosecution by federal prosecutors in Manhattan.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: dan mangan
Keywords: news, cnbc, companies, secretary, sex, york, falling, told, acosta, fan, federal, epstein, explain, hes, known, trafficker, office, trump, wont, jeffrey


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Trump’s Fed pick Judy Shelton is a fan of the gold standard and other unusual economic policies

Trump announced his intention to nominate both Shelton and St. Louis Fed economist Christopher Waller via tweet on Tuesday. Shelton’s unorthodox monetary beliefs will likely draw questions from Senate lawmakers, who will ultimately need to approve Shelton and Waller to the Fed board. The choice of Shelton may hint at Trump’s growing frustration with Fed leaders and the direction of the central bank’s monetary policy. Shelton, no fan of the Fed’s, recently argued against an overly active central


Trump announced his intention to nominate both Shelton and St. Louis Fed economist Christopher Waller via tweet on Tuesday. Shelton’s unorthodox monetary beliefs will likely draw questions from Senate lawmakers, who will ultimately need to approve Shelton and Waller to the Fed board. The choice of Shelton may hint at Trump’s growing frustration with Fed leaders and the direction of the central bank’s monetary policy. Shelton, no fan of the Fed’s, recently argued against an overly active central
Trump’s Fed pick Judy Shelton is a fan of the gold standard and other unusual economic policies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: thomas franck
Keywords: news, cnbc, companies, bank, trump, policies, shelton, standard, unusual, pick, fed, waller, judy, trade, fan, trumps, central, gold, monetary


Trump's Fed pick Judy Shelton is a fan of the gold standard and other unusual economic policies

Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, stands for a photograph.

In tapping Judy Shelton to become one of two Federal Reserve Board governors, President Donald Trump selected one of the minority of mainstream economists supportive of a return to the gold standard and critical of central bank activity.

Shelton, who serves as the U.S. executive director at the European Bank for Reconstruction and Development, wrote as recently as last year in support of pegging the dollar to gold prices.

Trump announced his intention to nominate both Shelton and St. Louis Fed economist Christopher Waller via tweet on Tuesday.

Shelton’s unorthodox monetary beliefs will likely draw questions from Senate lawmakers, who will ultimately need to approve Shelton and Waller to the Fed board.

In a post published by the libertarian think tank Cato Institute in 2018, Shelton drew a comparison between cryptocurrencies and gold.

“If the appeal of cryptocurrencies is their capacity to provide a common currency, and to maintain a uniform value for every issued unit, we need only consult historical experience to ascertain that these same qualities were achieved through the classical international gold standard,” she wrote.

“In proposing a new international monetary system linked in some way to gold, America has an opportunity to secure continued prominence in global monetary affairs.”

The choice of Shelton may hint at Trump’s growing frustration with Fed leaders and the direction of the central bank’s monetary policy. Trump has argued that higher interest rates and so-called quantitative tightening have capped GDP growth and dampened the U.S. position in trade deliberations with Beijing.

Two previous Trump nominees, Stephen Moore and Herman Cain, bowed out of consideration after it became clear their confirmation process was in jeopardy.

Shelton, no fan of the Fed’s, recently argued against an overly active central bank.

Questioned in a recent interview with the Wall Street Journal opinion page whether the U.S. central bank should lower rates she said, “The answer is yes.”

“When you have an economy primed to grow because of reduced taxes, less regulation, dynamic energy and trade reforms, you want to ensure maximum access to capital,” she told the Journal. “The Fed’s practice of paying banks to keep money parked at the Fed in deposit accounts instead of going into the economy is unhealthy and distorting; the rate should come down quickly as the practice is phased out.”


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: thomas franck
Keywords: news, cnbc, companies, bank, trump, policies, shelton, standard, unusual, pick, fed, waller, judy, trade, fan, trumps, central, gold, monetary


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This St. Louis Blues fan won $100,000 on a $400 Stanley Cup bet he placed in January

Wednesday night’s Stanley Cup win by the St. Louis Blues, their first-ever Cup win in franchise history, resulted in one devoted fan cashing in big. A $400 bet on the win by Scott Berry has earned him $100,000 – $93,623 after taxes, as reported by sports betting publication The Action Network. Berry placed the bet on the Blues to win the Stanley Cup during a work trip to Las Vegas back in January. Berry, a big sports fan but not typically a big bettor, only wanted to make one bet instead of his


Wednesday night’s Stanley Cup win by the St. Louis Blues, their first-ever Cup win in franchise history, resulted in one devoted fan cashing in big. A $400 bet on the win by Scott Berry has earned him $100,000 – $93,623 after taxes, as reported by sports betting publication The Action Network. Berry placed the bet on the Blues to win the Stanley Cup during a work trip to Las Vegas back in January. Berry, a big sports fan but not typically a big bettor, only wanted to make one bet instead of his
This St. Louis Blues fan won $100,000 on a $400 Stanley Cup bet he placed in January Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: elizabeth gravier
Keywords: news, cnbc, companies, vegas, fan, win, big, st, bet, placed, louis, 400, berry, won, stanley, cup, blues


This St. Louis Blues fan won $100,000 on a $400 Stanley Cup bet he placed in January

Betting on the underdog can pay off — big.

Wednesday night’s Stanley Cup win by the St. Louis Blues, their first-ever Cup win in franchise history, resulted in one devoted fan cashing in big. A $400 bet on the win by Scott Berry has earned him $100,000 – $93,623 after taxes, as reported by sports betting publication The Action Network.

Berry placed the bet on the Blues to win the Stanley Cup during a work trip to Las Vegas back in January. At the time, the team ranked last in the NHL, and their odds of winning the Cup were listed at 250-1. Berry, a big sports fan but not typically a big bettor, only wanted to make one bet instead of his usual routine playing table games. He placed his bet at the Paris Las Vegas Hotel.

The St. Louis Blues ended the finals with a 4 -1 Game 7 win in Boston. For Berry, it was an emotional finish. Throughout the series he had received multiple offers for his ticket, including $75,000 from PropSwap, a secondary market for sportsbook tickets. But he refused to hedge, never taking his money off the table.

Ben Fawkes, editor of ESPN Chalk, kept track of all the offers Berry received.

“Everyone was calling me an idiot for not hedging,” Berry told The Action Network. “I would start to read the Twitter comments, and, after a while, I had to just stop reading.”

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Don’t miss: March Madness invades the office, distracting workers


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: elizabeth gravier
Keywords: news, cnbc, companies, vegas, fan, win, big, st, bet, placed, louis, 400, berry, won, stanley, cup, blues


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Berkshire Hathaway has been buying shares of Amazon, Warren Buffett says

Berkshire Hathaway has been buying shares of Amazon. Buffett has long been a fan of both Amazon and its CEO Jeff Bezos, praising the company’s dominance and the founder’s business prowess. But while Buffett has sung the company’s praises, he’s never bought Amazon shares. So a headline that Berkshire was buying shares likely would spark interest in the markets. “Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said.


Berkshire Hathaway has been buying shares of Amazon. Buffett has long been a fan of both Amazon and its CEO Jeff Bezos, praising the company’s dominance and the founder’s business prowess. But while Buffett has sung the company’s praises, he’s never bought Amazon shares. So a headline that Berkshire was buying shares likely would spark interest in the markets. “Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said.
Berkshire Hathaway has been buying shares of Amazon, Warren Buffett says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: becky quick
Keywords: news, cnbc, companies, shares, buffett, hathaway, fan, ive, manage, amazon, companys, bought, warren, berkshire, buying


Berkshire Hathaway has been buying shares of Amazon, Warren Buffett says

Berkshire Hathaway has been buying shares of Amazon. But Warren Buffett isn’t the one behind the purchases.

“One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F” later this month, Buffett told CNBC Thursday, on the eve of the kick off of Berkshire’s annual shareholders meeting in Omaha. Buffett was referring to either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.

Buffett has long been a fan of both Amazon and its CEO Jeff Bezos, praising the company’s dominance and the founder’s business prowess. But while Buffett has sung the company’s praises, he’s never bought Amazon shares. So a headline that Berkshire was buying shares likely would spark interest in the markets.

“Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: becky quick
Keywords: news, cnbc, companies, shares, buffett, hathaway, fan, ive, manage, amazon, companys, bought, warren, berkshire, buying


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‘Sonic the Hedgehog’ director promises Sonic redesign after fan backlash, but changes could be costly for Paramount

Just days after releasing the first official trailer for “Sonic the Hedgehog,” the film’s director took to social media to try and assuage disgruntled fans. You guys missed your chance Paramount,” one user commented on the YouTube video of the trailer. This wasn’t the first sign that fans were unhappy with the character design, either. When Paramount released one of the official promotional posters for the film, fans griped about the strange length of Sonic’s legs, expressing worry about what th


Just days after releasing the first official trailer for “Sonic the Hedgehog,” the film’s director took to social media to try and assuage disgruntled fans. You guys missed your chance Paramount,” one user commented on the YouTube video of the trailer. This wasn’t the first sign that fans were unhappy with the character design, either. When Paramount released one of the official promotional posters for the film, fans griped about the strange length of Sonic’s legs, expressing worry about what th
‘Sonic the Hedgehog’ director promises Sonic redesign after fan backlash, but changes could be costly for Paramount Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sarah whitten
Keywords: news, cnbc, companies, costly, redesign, fan, sonic, media, changes, character, backlash, director, trailer, studios, fans, paramount, hedgehog, social, design, film, promises


'Sonic the Hedgehog' director promises Sonic redesign after fan backlash, but changes could be costly for Paramount

Just days after releasing the first official trailer for “Sonic the Hedgehog,” the film’s director took to social media to try and assuage disgruntled fans.

The less-than-three-minute trailer, which debuted on Tuesday, was widely criticized on Twitter, Reddit and other social platforms for its tone and the design of the titular character.

Longtime fans of the speedy blue hedgehog found the character’s facial features, including human-like teeth, and his body proportions to be inconsistent with the Sonic they grew up with in the ’90s.

“April fools was 29 days ago. You guys missed your chance Paramount,” one user commented on the YouTube video of the trailer.

This wasn’t the first sign that fans were unhappy with the character design, either. When Paramount released one of the official promotional posters for the film, fans griped about the strange length of Sonic’s legs, expressing worry about what the full character would look like.

These criticisms were taken to heart by Paramount and Sega, the company behind the character. On Thursday, director Jeff Fowler said “the message is loud and clear.”

“You aren’t happy with the design & you want changes,” he wrote on Twitter. “It’s going to happen. Everyone at Paramount & Sega are fully committed to making this character the BEST he can be.”

“This demonstrates the power of social media and the value it can bring to filmmakers and studios in terms of providing direct feedback from the fans who, at the end of the day, are the folks you ultimately want to please,” said Paul Dergarabedian, senior media analyst at Comscore.

“This type of organic social media-based conversation provides de facto real time market research and, when respectful and constructive, can be highly valuable to studios and producers looking to get the best results from their films,” he said.

It’s unclear exactly how Fowler plans to fix the character, especially considering the film is due out in theaters in November, less than six months away.

Paramount Pictures and Blur Studios did not immediately respond to CNBC’s request for comment. Paramount is owned by Viacom, which saw its stock down around 2% on Friday.

The filming budget for “Sonic” is estimated to be around $90 million, but going back and changing the CGI animation could be quite costly for the production company.

Not only do artists have to redesign elements of the character, but they also have to reinsert it into every scene of the likely already completed film and then render it, which takes a lot of computing power and time.

“I have to give the studio and director credit for running the cost benefit analysis and, for the good of the movie and the fans, making the changes,” Dergarabedian said.

It also doesn’t help Paramount that the “Sonic” trailer arrives just as Warner Bros. has been receiving praise for its character design for the upcoming “Detective Pikachu” due out next week.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sarah whitten
Keywords: news, cnbc, companies, costly, redesign, fan, sonic, media, changes, character, backlash, director, trailer, studios, fans, paramount, hedgehog, social, design, film, promises


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If you are a ‘Game of Thrones’ fan, this app will teach you how to speak in High Valyrian

While only one character can speak native High Valyrian on “Game of Thrones,” viewers nationwide are picking up a few words and phrases from an unlikely source: Duolingo, the free language-learning app. High Valyrian isn’t the only fictional language Duolingo has to offer. That’s not the case when it comes to High Valyrian, where Peterson is a contributor and develops the courses for free. The origins of High Valyrian come from the book that inspired the show, written by George R.R. While users


While only one character can speak native High Valyrian on “Game of Thrones,” viewers nationwide are picking up a few words and phrases from an unlikely source: Duolingo, the free language-learning app. High Valyrian isn’t the only fictional language Duolingo has to offer. That’s not the case when it comes to High Valyrian, where Peterson is a contributor and develops the courses for free. The origins of High Valyrian come from the book that inspired the show, written by George R.R. While users
If you are a ‘Game of Thrones’ fan, this app will teach you how to speak in High Valyrian Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: noah higgins-dunn, source, george kavallines
Keywords: news, cnbc, companies, course, valyrian, thrones, speak, peterson, game, teach, created, develop, app, high, feinberg, fan, duolingo, language, languages


If you are a 'Game of Thrones' fan, this app will teach you how to speak in High Valyrian

“Skorverdon zaldrīzoti Daenerys ēza?”

Translation: How many dragons does Daenerys have? It’s not a ridiculous question if you’re a fan of the HBO hit series “Game of Thrones,” which returns for its eighth and final season on Sunday. The language? It’s called High Valyrian, the tongue of the ruined Valyrian Freehold empire, and it’s one of four languages created by linguist David J. Peterson spoken on the show.

While only one character can speak native High Valyrian on “Game of Thrones,” viewers nationwide are picking up a few words and phrases from an unlikely source: Duolingo, the free language-learning app.

Duolingo first offered lessons in High Valyrian in 2017 and, since then, 1.2 million people have started the course. In the last two weeks leading up to the premier of the final season, Duolingo has seen a near 65% increase in people taking the course, said Sam Dalsimer, a spokesman for Duolingo.

High Valyrian isn’t the only fictional language Duolingo has to offer. Star Trek fans can find Klingon, a language constructed by Marc Okrand and centered around spacecraft, warfare and weaponry.

To offer languages on Duolingo, the company usually relies on hundreds of volunteers and employees to develop course material and monitor users’ experiences. That’s not the case when it comes to High Valyrian, where Peterson is a contributor and develops the courses for free.

“We teach over 30 languages and most have thousands of people who speak them and are capable of helping us teach them.” Dalsimer said. “There’s only one person on planet Earth who knows the language, and that’s David Peterson.”

The origins of High Valyrian come from the book that inspired the show, written by George R.R. Martin. Peterson won a contest to develop the more common language used on “Game of Thrones” called Dothraki but was asked to build High Valyrian later in the series. His goal was to create a classic language that could give birth to many others, similar to Romance languages, and Peterson noted it had to fit with the names Martin created for the book, such as Daenerys, Viserys and Rhaella.

There are now 824 words of High Valyrian that users can learn on Duolingo, and that number continues to grow. Peterson said there are now 2,000 words in the full version of the language he maintains.

“With every single language I create I keep working on it for the rest of my life or until I’m not happy with it,” said Peterson, who has created more than 50 languages. “It will basically just be another one of my languages, it’s not like it’s going to get any special treatment.”

When Peterson first encountered Duolingo, he felt it could revolutionize the way people learned languages. It had a great interface, it was free and, as a linguist, it’s the dream for people like him to create languages people would have access to, although he didn’t foresee how popular High Valyrian would become.

Today, High Valyrian has 822,000 active learners, or those who have used the course in the last 12 months. That’s more than Czech, Norwegian, Vietnamese and Hungarian.

“I imagined it would attract casual interest, but I never imagined there would be that many people who would actually be interested in taking the course,” Peterson said.

There is one statistic Peterson is particularly proud of: 44% of users who came to Duolingo to learn High Valyrian went on to practice other languages. While users may not perfect High Valyrian, Peterson sees the language as a “gateway drug” to learners discovering other cultures.

“As we become more economically focused, people view language as a tool as opposed to an art piece in and of itself or cultural history,” Peterson said.

More than 40% of the world speaks one of eight languages, although there are more than 7,000 worldwide. UNESCO, The United Nations Educational, Scientific and Cultural Organization, has labeled 2,680 languages in danger as it celebrates the International Year of Indigenous Languages, designed to raise awareness to disappearing languages.

“It’s nice that the UN is putting this emphasis on indigenous languages because people need to start addressing this issue,” Peterson said. “We’re losing them and we’re losing them quickly, and once they’re lost, they’re lost.”

Duolingo has worked with communities and volunteers like Peterson to develop courses in endangered languages, such as offering lessons in Hawaiian, Irish and Navajo, Dalsimer said.

“Those courses are driven entirely by volunteer contributors and for them it’s more about a desire to preserve their language and their culture because they see it as being endangered, and it is,” Dalsimer said. “Languages die every year and Duolingo can help them preserve it.”

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“I remember thinking that if David Peterson ever taught the ‘Game of Thrones’ language I would definitely check it out,” said Andrew Feinberg, a volunteer for Duolingo who has used the app since its beta version nearly seven years ago.

Except when Duolingo announced it would offer High Valyrian courses, Feinberg thought it was a joke. He helped Duolingo develop its Norwegian and Japanese platforms, and he’s witnessed the company’s pranks in the past, like when it offered pirate and zombie languages.

But Feinberg noticed the only contributor to the course was Peterson. That’s when he realized it wasn’t a joke.

Peterson, dubbed by the Los Angeles Times as “Hollywood’s go-to language guy” has created languages for many film and television projects, including the movies “Thor: The Dark World” and “Doctor Strange.”

“I had sort of stalked him on YouTube and watched all those videos on how he created those languages,” Feinberg said. “I was really excited for it. I knew that he was a serious linguist who had complimented Duolingo before.”

Now Feinberg manages learning groups on Facebook for Japanese, Chinese, Norwegian and, a day after its introduction, High Valyrian, which has amassed over 200 members learning alongside Peterson himself, who encourages people to use and develop the language in conversation with each other even if that means moving beyond what he imagined.

“It’s always a little different since I did create High Valyrian and, in a sense, there is an arbiter to determine what is right and what is wrong,” Peterson said. “But as long as I’m here I feel like not only do I want to, but I should be there to try to help people out.”


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: noah higgins-dunn, source, george kavallines
Keywords: news, cnbc, companies, course, valyrian, thrones, speak, peterson, game, teach, created, develop, app, high, feinberg, fan, duolingo, language, languages


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Why liberal billionaire Warren Buffett won’t be big fan of buyback war

Other billionaires and Wall Street figures associated with at least some liberal policy ideas have questioned the recent economic proposals from the Democratic Party. Some comments Buffett has made in the past reveal his thinking on a few of the issues tied up in the buyback proposal. He wrote it was clear that the wealth gap was growing, but “The poor are most definitely not poor because the rich are rich. When it comes to the Democratic senators’ buyback proposal, the structure of Berkshire Ha


Other billionaires and Wall Street figures associated with at least some liberal policy ideas have questioned the recent economic proposals from the Democratic Party. Some comments Buffett has made in the past reveal his thinking on a few of the issues tied up in the buyback proposal. He wrote it was clear that the wealth gap was growing, but “The poor are most definitely not poor because the rich are rich. When it comes to the Democratic senators’ buyback proposal, the structure of Berkshire Ha
Why liberal billionaire Warren Buffett won’t be big fan of buyback war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: eric rosenbaum, adam jeffery, -warren buffett, wall street journal op-ed
Keywords: news, cnbc, companies, tax, war, rich, income, buffett, berkshire, street, fan, ideas, buyback, hathaway, wall, billionaire, poor, liberal, wont, proposal, warren, big


Why liberal billionaire Warren Buffett won't be big fan of buyback war

Other billionaires and Wall Street figures associated with at least some liberal policy ideas have questioned the recent economic proposals from the Democratic Party. Former Goldman Sachs CEO Lloyd Blankfein attacked the buyback proposal this week. Former New York City Mayor and Wall Street billionaire Michael Bloomberg and Starbucks founder Howard Schultz are considering independent runs for president based on the idea that the center of the political spectrum is being neglected by both right and left.

Some comments Buffett has made in the past reveal his thinking on a few of the issues tied up in the buyback proposal. Buffett wrote in an op-ed for the Wall Street Journal in 2015 that there were better ideas than raising the minimum wage to $15 to help the poor in this country, such as expanding the Earned Income Tax Credit. He wrote it was clear that the wealth gap was growing, but “The poor are most definitely not poor because the rich are rich. Nor are the rich undeserving.”

He went on to write, “We should wish, in our rich society, for every person who is willing to work to receive income that will provide him or her a decent lifestyle. Second, any plan to do that should not distort our market system, the key element required for growth and prosperity. That second goal crumbles in the face of any plan to sizably increase the minimum wage.”

His views on personal income taxes and the EITC show a preference for the tax code as a way to reduce economic inequality.

Two leading think tanks on the left and right recently joined together in an effort to figure out how to find common ground and economically improve life in America. The Brookings Institution and American Enterprise Institute recommended in their November 2018 report, “Work, Skills, Community: Restoring Opportunity for the Working Class,” an expansion of the Earned Income Tax Credit, which was already expanded during the Bush and Obama administrations, among other policy ideas, and they suggested a higher estate tax as one of the methods to pay for it.

When it comes to the Democratic senators’ buyback proposal, the structure of Berkshire Hathaway shows how it might be a difficult idea to fairly implement across companies. Berkshire Hathaway is a conglomerate that owns many businesses operating in many sectors of the economy, from utilities to private jets, fast food restaurants, candy makers, clothing companies and grocery suppliers, but those businesses are operated and managed independently. Buffett has always made clear that he does not believe it is his business to tell someone else how to run their business. Berkshire Hathaway has hundreds of thousands of employees across these affiliated companies, but at its own headquarters, Berkshire directly employs only a few dozen people.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: eric rosenbaum, adam jeffery, -warren buffett, wall street journal op-ed
Keywords: news, cnbc, companies, tax, war, rich, income, buffett, berkshire, street, fan, ideas, buyback, hathaway, wall, billionaire, poor, liberal, wont, proposal, warren, big


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‘Trumponomics’ writer Art Laffer: I am a ‘huge fan’ of Fed chief Powell’s handling of interest rates

Federal Reserve Chairman Jerome Powell, often criticized for increasing interest rates by President Donald Trump, has been effective at the helm of the nation’s central bank, conservative economist Art Laffer told CNBC on Wednesday. “I’m a huge fan of Powell’s,” said Laffer, formerly an economic advisor to presidents Trump and Ronald Reagan. The Fed later this month is expected to raise rates for the fourth time this year. Powell last Wednesday said that rates are “just below” neutral, perhaps i


Federal Reserve Chairman Jerome Powell, often criticized for increasing interest rates by President Donald Trump, has been effective at the helm of the nation’s central bank, conservative economist Art Laffer told CNBC on Wednesday. “I’m a huge fan of Powell’s,” said Laffer, formerly an economic advisor to presidents Trump and Ronald Reagan. The Fed later this month is expected to raise rates for the fourth time this year. Powell last Wednesday said that rates are “just below” neutral, perhaps i
‘Trumponomics’ writer Art Laffer: I am a ‘huge fan’ of Fed chief Powell’s handling of interest rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: matthew j belvedere
Keywords: news, cnbc, companies, fed, president, laffer, trumponomics, writer, powells, handling, fan, huge, told, powell, hes, rates, tax, trump, trade, interest


'Trumponomics' writer Art Laffer: I am a 'huge fan' of Fed chief Powell's handling of interest rates

Federal Reserve Chairman Jerome Powell, often criticized for increasing interest rates by President Donald Trump, has been effective at the helm of the nation’s central bank, conservative economist Art Laffer told CNBC on Wednesday.

“I’m a huge fan of Powell’s,” said Laffer, formerly an economic advisor to presidents Trump and Ronald Reagan. “I think he’s done a great job in normalizing interest rates.”

Trump, who actually appointed Powell as Fed chief, has repeatedly railed against hiking rates too aggressively, blaming Powell most recently in a Washington Post interview last week for stock market declines and GM’s planned plant closures and layoffs.

The Fed later this month is expected to raise rates for the fourth time this year. But the path next year is up for debate. After its September rate hike, the Fed projected three rate increases into 2019. The current target range for the central bank’s benchmark federal funds rate, which banks charge each other for overnight lending, stands at 2 percent to 2.25 percent.

Trump’s Post interview on Nov. 27 came one day before Powell appeared to walk back his comments from Oct. 3 that rates were a “long way” from so-called neutral, which for October led to the worst monthly stock market losses in about seven years.

Powell last Wednesday said that rates are “just below” neutral, perhaps indicating that concerns about much higher rates may no longer be warranted. The market then rallied three out of the next four sessions.

On Monday, which saw stocks on a two-session winning streak, Treasury Secretary Steven Mnuchin told CNBC that the president was pleased with Powell’s latest speech.

However, on Tuesday, the Dow Jones Industrial Average tanked nearly 800 points, or 3 percent. It was the biggest decline since October’s rout as investors worried about a bond-market phenomenon that’s historically signaled a possible economic slowdown. Lingering worries around U.S.-China trade were also to blame. The Dow and S&P 500 were able to stay out of a correction. But Tuesday’s decline sent the Nasdaq back into correction territory.

Co-author of the book, “Trumponomics: Inside the America First Plan to Revive Our Economy,” Laffer said he’s “very optimistic” about the economy, describing the Trump tax cuts as “kicking in beautifully.” The Laffer Curve, named after the economist, is a theory that basically argues that increasing tax rates beyond a certain point becomes counter-productive for raising tax revenue — and that when taxes are too high, tax revenues actually sink.

Laffer said he hopes the administration tackles runway government spending as its next agenda item. “If it is, I don’t see any reason for a recession. I think we’re going to continue on a long prosperous path with the sky’s the limit.”

On CNBC Tuesday, Commerce Secretary Wilbur Ross said the U.S. economy is in good shape. He blamed the media for stoking worries about a slowdown.

However, Laffer said he’s concerned about the uncertainty surrounding U.S. trade relations with China. “Watching all this play out in real time is terrifying to me.”

Over the weekend, Trump and Chinese President Xi Jinping reached a truce in their bilateral trade war, agreeing to a 90-day period of no new tariffs on each other’s goods as talks continue.

Mnuchin told CNBC Monday he’s hopeful the Trump-Xi trade cease-fire can be turned into a “real agreement” to address what the president feels are unfair trade practices by the Chinese. Ross said on CNBC Tuesday that Trump got “very good” assurances from Xi on trade.

(The New York Stock Exchange and the Nasdaq were closed Wednesday for the funeral of George H.W. Bush, the nation’s 41st president. They reopen Thursday on a normal schedule. U.S. stocks futures, which closed at 9:30 a.m. ET, reopen Wednesday evening at 6 p.m. ET.)


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: matthew j belvedere
Keywords: news, cnbc, companies, fed, president, laffer, trumponomics, writer, powells, handling, fan, huge, told, powell, hes, rates, tax, trump, trade, interest


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Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy

Netflix Inc.: “Candidly, I’m not a fan of Netflix. I’m not a fan of Netflix because I think that a lot of it depends on the content and I just don’t find the content as compelling as it once was. Cytokinetics Inc.: “Very speculative, but I’ll endorse it as long as you understand that that thing is literally one of the most speculative stocks out there.” I mean, far be it from me to disagree with the market’s view, but I liked the quarter. I think it represents good value with a 4 percent yield,


Netflix Inc.: “Candidly, I’m not a fan of Netflix. I’m not a fan of Netflix because I think that a lot of it depends on the content and I just don’t find the content as compelling as it once was. Cytokinetics Inc.: “Very speculative, but I’ll endorse it as long as you understand that that thing is literally one of the most speculative stocks out there.” I mean, far be it from me to disagree with the market’s view, but I liked the quarter. I think it represents good value with a 4 percent yield,
Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, stock, netflixs, dont, liked, ill, round, stocks, fan, netflix, speculative, growth, lightning, endofyear, quarter, im, buy, think, cramers, slowdown


Cramer's lightning round: I'm not a fan of Netflix's stock as an end-of-year buy

Netflix Inc.: “Candidly, I’m not a fan of Netflix. I’m not a fan of Netflix because I think that a lot of it depends on the content and I just don’t find the content as compelling as it once was. I think it’s a good story, but not a great story, because it’s up so much for the year and that’s been a real big determinant about how stocks are doing right now.”

Cytokinetics Inc.: “Very speculative, but I’ll endorse it as long as you understand that that thing is literally one of the most speculative stocks out there.”

Yeti Holdings Inc.: “Yeah, I think [its post-earnings dip is a buying opportunity]. I actually liked the quarter. I mean, far be it from me to disagree with the market’s view, but I liked the quarter. I think it’s OK. The market liked the PepsiCos and the Gileads this week, and the Celgenes.”

The Kraft Heinz Co.: “[What’s not to love?] Well, the fact that it has no growth whatsoever. But I’ll do this for you: I’ll say that if you want to hope that they somehow manage to get some growth, then you can buy it. But if I want no growth, I want safety and I want a bond.”

Chico’s FAS Inc.: “No. Don’t ask me about Chico’s. That was a horrible quarter, frankly. I mean, that may have been the worst of the mall-based stores. No, well, obviously there’s Sears and J.C. Penney, but it was a bad call. I don’t want you in that, OK?”

LyondellBasell Industries NV: “People feel that we’re going into a big slowdown and you don’t want to own a chemical company into a slowdown, but I agree with you. I think it represents good value with a 4 percent yield, but I do prefer DowDuPont.”


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, stock, netflixs, dont, liked, ill, round, stocks, fan, netflix, speculative, growth, lightning, endofyear, quarter, im, buy, think, cramers, slowdown


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