The Hard-Luck Texas Town That Bet on Bitcoinand Lost

In 1952, The Saturday Evening Post christened Rockdale, Texas, “The Town Where It Rains Money.” An estimated 100 million tons of lignite coal lay buried a few miles south of the city limits, and Alcoa had just swooped in to build a $100 million smelter that would use the cheap energy source to produce aluminum for fighter planes, skyscrapers, auto­mobiles, and more. “At the mere mention of somebody blowing into town with $100,000,000 to spend, many citi­zens were seized by attacks of vertigo,” wrote local author George Sessions-Perry. “Others merely went off and lay down in an effort to regain their composure. Then things began to happen.” Seemingly overnight, Rockdale’s population doubled to 5,000. A photo accompanying the Post story …

‘Truth hurts’: China’s envoys try out Trump-style Twitter diplomacy

Beijings representatives abroad are harnessing social media to confront critics Chinese envoys are experimenting with a new kind of Trump-style public diplomacy Twitter spats. Twitter is banned in China, but Chinese diplomats abroad, not traditionally known for being outspoken, have started to use the platform to confront Beijings critics more directly and aggressively. Earlier this week, Zhao Lijian, deputy chief of mission to Pakistan, joined the fray while defending Beijings treatment of Uighurs, https://t.co/KIKanBjQ2L debt-trap diplomacy. Zhang, tweeting at Nasheed, wrote: What I cannot accept is continuous unverified and misleading info. to the public, which harms our friendly relations, adding that having a rational [dialogue] based on correct data was only a phonecall away. Zhang Lizhong (@AmbassadorZhang) Thank you, Mr. …

Can India kick its coal addiction?

Singrauli, India (CNN Business)A thick dark haze fills the sky above Singrauli, northeast India. Known as the country’s coal capital, the district is home to eight coal-fired power plants, producing enough electricity daily to power 16 million homes. Ruta Kaur lives in Singrauli with her husband and three children. She says coal pollution is creating problems for her family. “We have problems drinking water,” she tells CNN Business. “We have stomach complications; children are impacted too because of the coal. The coal dust gets into the house, it gets deposited on our food; there is a lot of difficulty.” To mitigate these problems, Singrauli coal mining company Northern Coalfields has introduced measures such as spraying water on coalfields to decrease …

With her back against the wall, Kamala Harris surged. Will it last?

Within 24 hours of the debate, her team raised more than $2m in online donations, and she moved up in the polls Kamala Harris is a multibillion-dollar plan to invest in black homeownership that matched concrete economic solutions with a fierce promise to right past wrongs. It is the jolt of energy that Harris campaign needed after months of struggling to stand out in the polls. Harris performance on 27 June, in the first round of debates of the 2020 presidential race, was a much-needed win. Harris walked on stage ranked fifth in the most crowded Democratic race in history. She left basking in attention, having metaphorically kneecapped the frontrunner. Within 24 hours, her team raised more than $2m in …

FTC Reportedly Hits Facebook With Record $5 Billion Settlement

After months of negotiations, the Federal Trade Commission fined Facebook a record-setting $5 billion on Friday for privacy violations, according to multiple reports. The penalty comes after an investigation that lasted over a year, and marks the largest in the agency’s history by an order of magnitude. If approved by the Justice Department's civil division, it will also be the first substantive punishment for Facebook in the US, where the tech industry has gone largely unregulated. But Washington has taken a harsher stance toward Silicon Valley lately, and Friday’s announcement marks its most aggressive action yet to curb its privacy overreaches. Full details of the settlement were unavailable Friday afternoon, and the FTC and Facebook both declined to comment. The …

Blackout gives New York’s governor opportunity to blast New York City’s absentee mayor

Although both are Democrats, New York City Mayor Bill de Blasio, left and New York Gov. Andrew Cuomo have had a strained relationship.  De Blasio was at a campaign stop in Waterloo, Iowa, when an equipment failure at a transformer substation shut off power for tens of thousands of people in his city. The mayor first told CNN he was mulling whether to return to New York, but later decided he would, according to the Washington Examiner. He plans to fly back to the city Sunday morning, a spokesperson said. Late Saturday, the mayor issued several Twitter messages, indicating he was monitoring the situation back home. NEW YORK DEMS CUOMO, DE BLASIO STILL SEEM AT ODDS “With the power back on, I’ve …

Quiz of the week: Where was royal baby Archie christened?

It’s the weekly news quiz – have you been paying attention to what’s been going on in the world during the past seven days? Click to see content: qotw_12_07_19 If you cannot see the quiz, click here. To try last week’s quiz, click here. Picture credits: AFP, Getty Images, Chris Allerton/SussexRoyal Original Article : HERE ;

With rapper A$AP Rocky still detained, manager John Ehmanns hotel room in Sweden is raided: source

John Ehmann attends Spotify’s Secret Genius Awards in L.A. last year. (Getty) “The preliminary investigation continues regarding the American artist who is detained by the Stockholm District Court in Sweden on suspicion of assault in Stockholm,” the Prosecution Authority said in a press release. “Several investigation measures have already been conducted and the analysis of material continues. There is also a preliminary investigation in the case concerning the aggrieved party who is suspected of molestation and assault.” FESTIVAL THAT CHARGED WHITE PEOPLE $10 MORE THAN PEOPLE OF COLOR BACKTRACKS ON TICKETING POLICY The Swedish Prosecution Authority did not immediately respond to Fox News’ request for comment. Rocky is scheduled to be detained until July 19, at the latest – at …

Lusail: sleek new city offers glimpse of Qatar’s post-oil future

During the 2022 World Cup, all eyes will be on the coastal metropolis located 16km from Doha From the sands of the Qatari coast rise the towering glass, steel and concrete forms of Lusail, a city being built almost entirely from scratch. Pharaonic in its scale and ambition, the under-construction metropolis is the vision of the countrys former emir Sheikh Hamad bin Khalifa al Thani, born in part from the desire to diversify the Qatari economy and distance it from oil dependence. Financed by the government via the Qatari Diar real estate company, the city was initially conceived in 2005 but development truly took off when A road and new tramway line. The citys train network will comprise four main …

Dorit And PK’s Money Troubles Are Finally Being Exposed Betches

If you hung on until the end of this season of The Real Housewives of Beverly Hills, congratulations, we made it. After the initial excitement of the Lisa Vanderpump dog drama wore off, this season felt like a never-ending game of beat around the bush, especially when it came to Dorit and PK. If you pay attention to Bravo drama outside of the actual shows, it’s been clear that Dorit Kemsley and her husband PK have been dealing with some shady financial sh*t for a while now, but it seems like the women on the show have some kind of agreement not to go near it. When Camille Grammer started to ask questions about Dorit and PK’s money situation at the end …

At least 24 Yellow Vests lost eyes in violent protests. Now they’re more determined than ever

Paris (CNN)It was a warm afternoon in March. David Breidenstein says he looked on as some of the more radical yellow vest protesters set fire to Le Fouquet’s, not just a restaurant but a symbol of wealth and power in France. Violent clashes across France Breidenstein is one of at least 24 people who have lost an eye since the “gilets jaunes,” or Yellow Vest, protests began in November 2018, according to Desarmons-Les, a support group for those maimed on the streets of French cities. What began as a campaign against a gas tax hike, morphed into a broader rally against President Emmanuel Macron’s government. Scenes of violent clashes erupted across France. Protesters hurled petrol bombs and bricks while the …

The US can raise the minimum wage to $15 without hurting jobs

The federal minimum wage has become a focal point of the 2020 presidential race and is gaining momentum. Almost all the Democratic candidates support a $15 minimum wage. A bill in the US House of Representatives to gradually raise the federal minimum wage to $15 by 2024 has collected more than 200 cosponsors and could come up for a vote sometime this month. And states around the nation are increasingly phasing in $15 standards. Our research suggests otherwise. The best way to keep powerful companies in check Where Trump went wrong in the US-China trade war The US-China trade war hurts American families Our research examined 51 minimum wage increases since 2004 in 45 states. We examined how high relative …

Texas 4th of July road rage incident with an AR-15 could have ended before children were hurt, police say

(CNN)The Independence Day “road rage incident” in Texas that left two children severely burned didn’t have to happen, Harris County police say. Both men got out of their vehicles and a long argument ensued. During their verbal skirmish, Bayron J. Rivera, 18, took out a firearm. At this point, his opponent returned to his car and started to drive away with his wife and two children and the bundle of fireworks he had just purchased. Here, Rivera fired into the car. One of the rounds hit the fireworks, causing them to explode and “catching the vehicle on fire,” said Turner. Engulfed in flames, the father hit the brakes. Some “good Samaritans” came to the rescue, helping the family from the …

Italian court jails 24 over South American Operation Condor

Dictatorships of six countries conspired to kidnap and kill political opponents An Italian court has sentenced 24 people to life in prison for their involvement in Argentina, including 45 Uruguayans, 22 Chileans, 15 Paraguayans and 13 Bolivians. Q&A What was Operation Condor? Show Hide Operation Condor was devised by Latin American military dictatorships of the 1970s and 1980s to eliminate leftwing activists and political opponents who had dared to confront the rulers of Argentina, Brazil, Paraguay, Uruguay, Chile, Bolivia, Peru and Ecuador. Named after the worlds largest carrion bird, it was drawn up at a secret 1975 meeting of intelligence chiefs and allowed cooperating countries to send death squads into each others territory to monitor, kidnap or kill political exiles. …