Japanese Banks at Risk as Borrowing in Dollars Doubles, BIS Says

June 26, 2017

Japanese banks have more than doubled their borrowing and lending in dollars since 2007, leaving them vulnerable to funding shocks such as those that exacerbated the last financial crisis, the Bank for International Settlements warned in a report released Sunday. Assets denominated in dollars on the balance sheets of Japanese banks surged to about $3.5 trillion by the end of 2016, the coordinating body for the world’s central banks said in…

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Mom shares the crushing cost of her son’s medical care before the Senate votes on healthcare bill

June 26, 2017

Before the Senate votes on its bill to repeal the Affordable Care Act, many people are sharing stories of how the bill would affect them. One story struck a chord with thousands of Twitter users this weekend. The mom of 3-year-old Ethan Vikash shared a photo of a medical bill for her son’s open heart surgery. The 24-line item bill came to $231,115 for 10 hours in surgery, one week…

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Could Trump’s vague plan to expand rural broadband actually work? It’s hard to tell

June 25, 2017

A sign in support of Republican presidential candidate Donald Trump hangs on a farming tractor near a polling station in Cave Creek, Arizona. (Photo by )Image: Ralph Freso/Getty Images If you live in the country, there’s a good chance you don’t have broadband-speed internet. Only one in ten Americans lack access to a connection that meets the government’s new standard for the designation, but more than two thirds of them…

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Here’s a draft of the Senate’s healthcare bill they’ve been trying to hide

June 17, 2017

Image: Getty Images For weeks, Republicans in the Senate have done everything they can to try and hide their proposed healthcare bill from the public because transparency is sooooo 2016. Thankfully, we’ve obtained a very special draft of the proposed legislation, courtesy of an anonymous owl that flew by and dropped it on my desk. The owl asked that he not be named in our report for security reasons. SEE…

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8th grade students refuse to take a photo with Speaker Ryan because they just don’t like him

May 29, 2017

Image: win mcnamee/Getty Images Speaker Ryan is one of the most unpopular politicians in the country and he’s polling particularly poorly among one 8th grade class. Eighth grade students from South Orange Middle School in South Orange, New Jersey were on a school trip to Wasshington D.C. on Friday when they were given a very special opportunity: a photo-op with Speaker Paul Ryan. Under normal circumstances, many students would leap…

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Who is Leanne Wood? A profile of the Plaid Cymru leader – BBC News

May 29, 2017

Born in 1971 to parents Jeff and Avril, she and her sister Joanna were raised in the village of Penygraig. Image caption Described as very clever by school friends, Leanne Wood became interested in political issues around the time of the miners’ strike in 1984-85 She has recalled how her father was laid off from the builders’ yard where he worked, and talked about the experience of joining a separate…

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Tesla reportedly treats factory workers like many successful start-ups: Like afterthoughts

May 19, 2017

Tesla employees work on a Model S car in the Tesla factory in Fremont, California.Image: Jeff Chiu/AP/REX/Shutterstock Silicon Valley companies are often built around making the world more efficient, but engineering efficiency has a human cost many of them either didn’t see coming or would like to forget. Tesla, it seems, is no different. SEE ALSO: Elon Musk says we’re only 2 years from being able to nap in self-driving…

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