and it starts with copper, the mineral copper. there s copper in brass. there s copper in bronze. the statue of liberty is sheathed in a layer of copper. that s about the thickness of two pennies. pennies themselves used to be copper, but now they re just copper-covered zinc, which sort of seems sad. it makes financial sense, because copper over time became too valuable to use in something as cheap as a penny, because most of what we use copper for now is conducting electricity. we use copper for wiring. there is a massive global appetite for copper. and the world s largest producer of copper is an american company. it s a company that used to be based in new orleans but now the mining company freeport is based in phoenix, arizona. and the freeport mining company of phoenix, arizona, they do still mine copper in arizona and
they mine copper in new mexico and in colorado. but they are a gigantic firm. and they re a global operation. in south america, they mine copper in chile, peru.
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A dispute over electrical capacity has put a Bitcoin mining company and its Detroit landlord at odds in a federal lawsuit filed Monday.
In the complaint, Syosset, N.Y.-based Cheetah Miner USA Inc. says tensions developed between it and its landlord, 19200 Glendale LLC, toward the end of 2022 and…
Heard, reassuringly, not like kevin bacon in animal house telling folks all is well, when he gets trampled by the marching band yellen s task here is to calm folks down, and that s what she s going to try to do in front of a committee that doesn t even have jurisdiction over banks but it s going to be very interested in this issue. especially as we get toward the end of the democratic senators watch closely what elizabeth warren is going to be asking the treasury secretary about she introduced legislation yesterday to roll back changes in the dodd/frank law that kind of oversaw some of this bank, smaller banks and how they were capitalized after 2018, changes were made there. she wants to reverse those changes. expect a lot of questions about that, but the legislative solution here is probably a long way off. i always pride myself when i get your references. unfortunately, this one did go over my head with animal house don t come at me haven t seen it yet. discretionary viewing tim