US intelligence community warns of devastating long-term impact of coronavirus pandemic

Katie Bo Williams and Zachary Cohen of CNN –

The fallout from the Covid-19 pandemic is poised to fracture societies worldwide, increase instability across the globe and reshape political and economic realities for years to come, the US intelligence community warned in a stark report laying out the top security concerns facing the country.”

The economic fallout from the pandemic is likely to create or worsen instability in at least a few—and perhaps many—countries, as people grow more desperate in the face of interlocking pressures that include sustained economic downturns, job losses, and disrupted supply chains,” the report warns.

That dire economic picture boosts the risk of internal conflicts, surges in cross-border migration and even the collapse of national governments, officials warned.


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Coinbase is here: A digital currency exchange goes public

Wall Street will be focused on Coinbase with the digital currency exchange becoming a publicly traded company. Coinbase is making its initial public offering of stock with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. It is being incorporated into the business plans and accepted by major corporations like Tesla, PayPal and Visa.

“The Coinbase IPO is potentially a watershed event for the crypto industry and will be something the Street will be laser focused on to gauge investor appetite,'” Wedbush analyst Daniel Ives wrote this week.

There were 43 million verified Coinbase users in 2020, with 2.8 million making transactions monthly. Its revenue more than doubled to $1.14 billion last year and the company swung to a profit of $322.3 million after losing tens of millions in 2019.


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Hillbilly Agonistes

Kevin D. Williamson in National Review –

A question that obsesses Republican circles: What happens to Trumpism after Trump?

Maybe J. D. Vance has an answer.

Vance, the Marine Corps veteran and venture capitalist who wrote Hillbilly Elegy, is expected to soon announce his candidacy for a U.S. Senate seat from Ohio. He is generally associated with what we must call – for lack of a better term – the Trumpier tendency in Republican politics: a self-described nationalist who believes that government and civic institutions have failed many Americans outside of the urban elite, and is skeptical of the globalization he believes has resulted in “an American economy built on consumption, reliant for production on regimes either indifferent or actively hostile to our national interest.”


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New experiment hints that a particle breaks the known laws of physics

Michael Greshko of National Geograph

a close up of a bicycle: The Muon g-2 ring sits in its detector hall amidst electronics racks, the muon beamline, and other equipment. This impressive experiment operates at negative 450 degrees Fahrenheit and studies the precession (or wobble) of muons as they travel through the magnetic field.

In a landmark experiment, scientists have found fresh evidence that a subatomic particle is disobeying one of science’s most watertight theories, the Standard Model of particle physics. The gap between the model’s predictions and the particle’s newly measured behavior hints that the universe may contain unseen particles and forces beyond our current grasp.

researchers with Fermilab in Batavia, Illinois, announced the first results of the Muon g-2 experiment, which since 2018 has measured a particle called the muon, a heavier sibling of the electron that was discovered in the 1930s.

Like electrons, muons have a negative electric charge and a quantum property called spin, which causes the particles to act like tiny, wobbling tops when placed in a magnetic field. The stronger the magnetic field, the faster a muon wobbles.


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China erasing H & M from Internet amid Xinjiang backlash

Zen Soo and Joe McDonald of AP –

H&M disappeared from the internet in China as the government raised pressure on shoe and clothing brands and announced sanctions Friday against British officials in a spiraling fight over complaints of abuses in the Xinjiang region.

H&M products were missing from major e-commerce platforms including Alibaba and following calls by state media for a boycott over the Swedish retailer’s decision to stop buying cotton from Xinjiang. That hurts H&M’s ability to reach customers in a country where more than a fifth of shopping is online.

Shockwaves spread to other brands as dozens of celebrities called off endorsement deals with Nike, Adidas, Burberry, Uniqlo and Lacoste after state media criticized the brands for expressing concern about Xinjiang.


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