The big claim. Mining, migration, stacy . Right, well, we are seeing right now in historic event, right. It is the great hash power migration. China has kicked bit queen miners out of the country. And there are many reasons for that. Were not going to really go into that in this episode. But what were talking about is the migration of all that mining from china to cause extend to texas to elsewhere in america, around the world. But i wanted to point out that you and i were recently speaking about how, when the Spanish Empire ran the world, the Spanish Armada control the seas. They could get away with just plunder, right . They didnt need to seek profit, they didnt need to build wealth or create, well they just plundered. And were seeing that in this to me, what were witnessing is Profit Versus Plunder as motive. So here all these big claim miners. They have no ruler, theres no leader in bitcoin, right . Theres just profit. So you have to follow wherever the profit goes. First of all, j
From goIng back to work . And the future of fInance, or a BurstIng Bubble . 50,000 people gather In mIamI for the bIggest ever bItcoIn conference. We start wIth tax, and whether the worlds corporate gIants pay theIr faIr share. FInance mInIsters from the G7 Group of wealthy natIons meet here In london later, and theyre expected to back a us plan for a global mInImum Tax Rate of 15 . The Idea Is to stop multInatIonals from shIftIng theIr profIts to Tax Haven countrIes. As Tax CampaIgner GabrIel zucman explaIns. WIth a hIgh enough mInImum tax, It would become poIntless for companIes to move actIvItIes to low tax places. The low taxes paId In Ireland and bermuda would be offset by hIgher taxes elsewhere, and so these countrIes, the Tax Havens themselves, It would become poIntless for them to offer low taxes on the fIrst place, so we would probably see them Increase theIr taxes, so we could start a process of a race of the top that would replace the current race to the bottom. Paul monagha
And, you name it. Still more vegetables. The latter part with vegetables, that could happen. Im sure its a big event for the healthy among you. This was such a big event that janet yellen was hinting at the possibility that Interest Rates might have to go up to deal with this. The mirror opposite the federal chair said last week. Is there a tempest in the tea pot on this . Going to Edward Lawrence who has been chronicling this at the Neighborhood Grocery store. Hey, edward. Hi, neil. You have noticed the prices going up. Again, you can see it at the pump steadily. In the Grocery Store, it is starting to go up little by little. For example, i bought this loaf of bread. Cost me 30 cents more today than a year ago. When you compound that and everything you buy is a little more, it gets adds up a bit. The data is showing that 3. 5 year over year increase in the stuff we buy on average in the Grocery Store is more expensive. Within that, very interesting things. Take a look at this. Cereal
Us. We begin with the news that broke yesterday with the Supreme Court. Justice breyer plans to step down at 28 years on the bench. His formal announcement could come as soon as today. His decision gives President Biden a chance to name his replacement while democrats still control the senate. Nbc news justice corner Pete Williams has the details. Reporter people close to Justice Breyer say he made the decision to step down within the past several weeks and prepared to formally notify the white house this week. At age 83, he is the courts oldest justice and appears to be in good health. He remains highly productive, Writing Last Term as, some of last years decisions. He knows how washington works. He was well aware some progressives said Justice Ruth Bader ginsberg stayed on the court too long despite battles with cancer. He death allowed President Trump to appoint amy comey barrett. He said last fall he knew of the pressure for him to step down. Most of the considerations in mind and
President zelensky is warning his nation to remain calm. Well get a live report from kyiv with the latest. Meanwhile, here in the u. S. , the latest covid surge is stretching Health Care Centers to the brim. Well hear from workers on the front lines about how they are grappling with this wave of new patients. Out west, new mexicos governor is asking State Workers and National Guard members to become licensed Substitute Teachers and Child Care Workers amid a growing staffing shortage. In washington, House Speaker nancy pelosi says shes running for another term in congress. But will she seek the leadership again . Well get an update from capitol hill. And south of the border, a journalist who feared for her life was found dead in her car on sunday in mexico. Now the deadliest country for journalists. And we begin with the latest on the escalate tensions between russia and ukraine. Four Senior Administration officials tell nbc news President Biden is considering giving a speech on the u.