WASHINGTON, United States — Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, according to minutes from last month’s meeting released Wednesday. A majority of Fed officials felt that the risk unemployment would rise had worsened since their previous meeting in July, while the risk of rising
Category: economy
Gold tops $4,000 for first time on political, economic worries
NEW YORK, United States – Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the safe haven metal on worries over the US government shutdown, France’s political crisis and other global economic uncertainties. US and European stock markets rose while Asian equities fell as investors also kept tabs on the
The wealth beneath our soil should serve the Filipino people
MANILA, Philippines – Now that we have finally enacted the Enhanced Fiscal Regime for Large-Scale Metallic Mining (under Republic Act No. 12253), I want to explain why I fought so hard for one particular element of this law: transparency. As governor of Albay, I stood firmly against irresponsible mining. I was a supporter of Alyansa
Anti-Money Laundering Council secures 5th freeze order under flood control probe
MANILA, Philippines — The Anti-Money Laundering Council has secured a fifth freeze order from the Court of Appeals under the ongoing flood control probe, bringing the total value of immobilized assets to over P4.4 billion. The ongoing crackdown has so far frozen 1,632 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties and 12
WTO says AI-related buying binge, spike in US imports spur unexpected rise in goods trade
GENEVA (AP) — The World Trade Organization is sharply raising its forecast for trade growth in goods this year after an unexpectedly strong first half due to rising AI-related purchases, front-loaded imports in the U.S. over tariff fears and robust developing-world trade. The Geneva-based trade body said Tuesday its economists are increasing their prediction of
How ‘Buy Now, Pay Later’ traps users in vortex of debt…
How ‘Buy Now, Pay Later’ traps users in vortex of debt…
(Second column, 5th story, link)
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ZK Voting Push After Judge Fire; $10B by 2030
The post ZK Voting Push After Judge Fire; $10B by 2030 appeared com. Ethereum co-founder Vitalik Buterin has called for the use of zero-knowledge (ZK) cryptography to enable secret-ballot voting in governance and judicial systems. He said anonymity can help protect judges and lawmakers from retaliation. His comments came after a tense case in South Carolina. Circuit Court Judge Diane Goodsteins house burned down following weeks of threats linked to her election-related ruling. The incident reignited debate over public safety and judicial independence. Sponsored Sponsored Vitalik Calls for Secret Governance Voting Buterin argued that in an era of easy physical retaliation, anonymity should extend to judges, lawmakers, and international bodies such as the UN General Assembly. Investigators have stated there is no sign of arson, according to a TIME report. The investigation, however, remains active as authorities continue to gather evidence. Statement of Vitalik | Farcaster One of my more radical beliefs is that many more classes of governance actions should be anonymous or secret ballot. Ive advocated for secret-ballot UN General Assembly votes before. This situation is a good argument for judges identities being hidden when they make their rulings. The function of a judge is to rule according to the facts as interpreted through their conscience, not to be accountable to violent mobs. Vitalik Buterin Market Growth and Ethical Debate Zero-knowledge proofscryptographic systems that prove a statement without revealing the underlying datafirst gained widespread use in blockchain applications, particularly for enhancing privacy and scalability. Today, they are moving into governance. ZK proofs can verify voter eligibility and audit results without exposing identities. This verify without trust concept now supports digital identity, finance, and even regulatory compliance. Sponsored Sponsored Aligned. co has forecast that the ZK proving market could reach $10. 2 billion annually by 2030. The firm projects roughly 8790 billion proofs per year, with an average cost per proof of $0. 12.
Top economists warn vs hike in rice tariff
MANILA, Philippines – Lifting the rice import ban while retaining the 15-percent tariff rate on imported rice is crucial to protect consumers from rising food prices and keeping inflation in check. This is according to advocacy group Foundation for Economic Freedom (FEF), which called on the government to “immediately” lift the rice import freeze and
World Bank raises India’s FY26 growth forecast to 6.5%
The World Bank has revised India’s growth forecast for the fiscal year 2025-26 (FY26) to 6. 5%, up from its previous estimate of 6. 3% made in June.
Should you be worried about WeWork India’s ₹3,000cr IPO?
WeWork India’s 3, 000 crore initial public offering (IPO) has come under the scanner of proxy advisory firm InGovern.