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☆ How unregulated radio stations out of Mexico fueled the country music boom in America
▼ + stars: | 2024-01-19 | by ( Yoonji Han | ) www.businessinsider.com time to read: +8 min

Known as "border radio," the unregulated American radio industry sprung up on Mexico's northern border in the 1930s. Michael Ochs Archives/Getty ImagesIn the years that followed, other border radio stations sprung up in Mexico. Hank Thompson, another country music star who grew up in Waco in the 30s, said border radio stations were the only stations where one could listen to country music most of the time. But the legacy of border radio stations continued to live on in the country music they helped popularize, as well as its cousin genres. According to American honky-tonk star Webb Pierce, country music "might not have survived if it hadn't been for border radio."

Persons: —, Bill Crawford, Crawford, weren't, Will Horwitz, Horwitz's, Jimmie Rodgers, Carter, Michael Ochs, Jesus Christ, Dallas Turner, John Romulus Brinkley, Brinkley, Pope Brock, Minerva, Minnie, Jones, Patsy Montana, Slim Rinehart, Johnny Cash, Waylon Jennings, Hank Thompson, Lydia Mendoza, Rosa Dominguez, Mexican Nightingale, Dominguez, Maybelle, Webb Pierce, It's Organizations: Service, Business, Amazing Broadcasters, American Airwaves, Keystone, Gamma, Getty Images, US, charlatans, Houston, Country, Michael Ochs Archives, Kansas he'd, The Kansas State Medical Board, Federal Radio Commission, Soibelman, Tejano, Getty, Thunderbirds, ZZ Locations: American, West, Mexico, Canada, United States, Mexican, France, Tamaulipas, KFKB, Kansas, New York, Waco, South Dakota

☆ Opinion | America’s Shift Away From Religion
▼ + stars: | 2023-09-03 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Americans Are Losing Their Religious Faith,” by Nicholas Kristof (column, Aug. 24):Mr. Kristof writes that Americans’ loss of faith results from religious scandals and the bad behavior of “charlatans” such as Jerry Falwell and Pat Robertson. The trend is a problem, he argues, because religion is central to our country’s social capital. First, Americans are also becoming less religious because there is zero evidence to support any of the central claims religious institutions make about God and the supernatural. And second, what worries me is not that people are less religious, but that they transfer their blind faith in religion and religious leaders to charismatic politicians like Donald Trump. But Americans aren’t losing their underlying spiritual and religious beliefs; they are defining and seeking connections to “higher powers” in other ways.

Persons: ”, Nicholas Kristof, Mr, Kristof, Jerry Falwell, Pat Robertson, Donald Trump, Mark K, Cassell Washington, aren’t Organizations: charlatans, Cassell, Kent State University

☆ Donald Trump will appear Thursday in the DC federal courthouse – the same place over 1,000 US Capitol rioters have faced justice
▼ + stars: | 2023-08-03 | by ( Tierney Sneed Hannah Rabinowitz Katelyn Polantz | Tierney Sneed | Hannah Rabinowitz | ) edition.cnn.com time to read: +8 min

Trump is scheduled to appear before a magistrate judge on four criminal charges related to his efforts to overturn the 2020 presidential election. More than 1,000 Trump supporters who participated in the Capitol breach have also gone through the motions of a first appearance hearing that the former president will go through himself. Bill HennessyMetropolitan and US Capitol police officers are regularly seen in the building, often to appear as witnesses. But Chutkan’s sentences for January 6 rioters stand out as notably tough among the district court’s, according to data provided by the Justice Department. The defendant in that case, she remarked, “did not go to the United States Capitol out of any love for our country.

Persons: Donald Trump, Trump, Jack Smith, Barrett, Beryl Howell, ” Howell, “, ”, CNN Trump, ” Trump, Guy Reffitt, Nancy Pelosi, Trump's, Bill Hennessy, Christopher Owens, Reggie Walton, Dustin Thompson, ” Thompson, Royce Lamberth, Alan Hostetter, Hostetter, Tanya Chutkan, didn’t, ” Chutkan Organizations: CNN, Capitol, Trump, Prosecutors, Boys, ”, Bill Hennessy Metropolitan, US Capitol, ” Metropolitan Police, Justice Department, United States Capitol Locations: Washington, DC, York, Manhattan, Florida, United States

☆ Crypto has attracted so many charlatans and needs to be regulated, says Rep. Brad Sherman
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto has attracted so many charlatans and needs to be regulated, says Rep. Brad ShermanU.S. Rep. Brad Sherman of the House Financial Services Committee joins 'The Exchange' to discuss the upcoming Fed announcement, the SEC regulatory action on crypto companies, and the need for bank regulators to look at interest rate risk.

Persons: Crypto, Brad Sherman Organizations: charlatans, . Rep, Financial Services, SEC

☆ I'm a bear when it's called for, like in 2007. But this stock market belongs to the bulls
▼ + stars: | 2023-04-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I have not been bombarded with as many warnings about how we are about to embark upon a wave of failures of all sorts — shadow banks, regional banks, commercial real estate lenders, real estate investment trusts — at any time since 2007. Let's take commercial real estate. I mention SL Green because it may be the most challenged of the REITs, real estate investment trusts, other than Vornado Realty Trust (VNO), a historically fine New York real estate concern, which just delayed its dividend. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Cramer: Here's why I plan to trim some stocks at this stage of the bull market
▼ + stars: | 2023-04-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

Back when bulls were everywhere From the time the great bull market began in 1982 until the financial collapse of 2007, we pretty much assumed stocks would always go higher. We often forget what the Great Recession of 2007 to 2009 was all about. A runaway bull market in all but banks — which are actually fueling the rally with their own ineptitude. My closing take, though, is that we have at last shaken off the ghosts of the Great Recession. But accept we are in a bull market and recognize that those who don't know it yet never will.

☆ Tucker Carlson, with help from Kevin McCarthy, tries to sanitize the very real violence of the January 6 attack
▼ + stars: | 2023-03-06 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

“Taken as a whole the video record does not support the claim that January 6th was an insurrection,” Carlson claimed. McCarthy, of course, knew precisely what he was doing when he handed over the footage to Carlson while denying it to actual news organizations. So when McCarthy bows and grovels at the feet of Carlson, it is worth paying close attention. McCarthy, like the rest of his flock in Congress, knows that Carlson is the real boss inside the Republican Party. And it appears to have worked for the moment, with Carlson on Monday night offering some praise for McCarthy.

☆ Regulate Crypto or It’ll Take Down the Economy
▼ + stars: | 2022-11-23 | by ( Elizabeth Warren | ) www.wsj.com time to read: 1 min

The dramatic collapse of Sam Bankman-Fried’s crypto exchange, FTX, may have come as a shock to the Miami Heat, Tom Brady , Twitter bots and financial-news talking heads. But crypto is following a well-worn path of financial innovations, such as subprime mortgages and credit-default swaps, that began with dazzling rewards and ended with crippling losses. Proponents say crypto holds great promise for making the financial system more efficient and inclusive. During the 2008 collapse and every financial crisis before that, these claims have proved dangerously delusional. Crypto is no exception.

☆ A federal judge compared the January 6 mentality to 'Nazi Germany' at the sentencing of a Capitol rioter
▼ + stars: | 2022-11-18 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +5 min

Walton made the comment as he sentenced a Capitol rioter who blamed Trump for January 6. The rioter, Dustin Thompson, was sentenced to three years in federal prison. Judge Reggie Walton made the remark at the sentencing of Dustin Thompson, a Capitol rioter who blamed Trump for his involvement in the January 6, 2021, attack on the Capitol. Following Thompson's conviction, Walton and federal prosecutors accused him of lacking candor while testifying under oath. In his own remarks to Walton, Thompson said he was "deeply ashamed" and apologized to the Capitol Police and "everyone" in the United States.

☆ Retired conservative federal judge calls the 2022 midterm elections a 'resounding victory for American democracy' after many election deniers lose races across the country
▼ + stars: | 2022-11-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

J. Michael Luttig called the 2022 midterm results a "resounding victory for American democracy." "I don't think of the mid-term elections in the partisan political terms of whether the Democrats or the Republicans 'won' or 'lost.' I think of these midterm elections only in the 'constitutional' terms of whether American Democracy won or lost," he tweeted. And the elections were indisputably a resounding victory for American democracy," he continued to say. "Just as the People vest and entrust their power in their political leaders, so also can they divest those political leaders of that entrusted power – divest the demagogues and charlatans among their leaders who have betrayed them," he wrote.

☆ ProShares' bitcoin futures fund burned through a record $1.2 billion of investors' money over its 1st year, report says
▼ + stars: | 2022-10-26 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

ProShares' bitcoin futures fund is down $1.2 billion after a smash debut last year, the FT reported. Inflows to the Bitcoin Strategy ETF were $1.8 billion, but it has just $614 million AUM, per Morningstar. The ProShares Bitcoin Strategy ETF broke records after listing as BITO on the NYSE in October last year. But as of Wednesday, its AUM stood at just $614 million — a loss for investors or just under $1.2 billion, the research firm found. Valkyrie's Bitcoin Strategy ETF is down about 65% since it debuted in November, while Global X's listed Blockchain and Bitcoin Strategy ETF has fallen 75% in the same timeframe.

☆ Don't count on stocks having bottomed out yet – they could fall another 25% if further Fed tightening fuels a severe downturn, Goldman Sachs warns
▼ + stars: | 2022-10-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Stocks have failed to price in the worst-case economic downturn next year, Goldman Sachs said. Aggressive Federal Reserve tightening in 2023 would make a recession more likely, according to the bank. The S&P 500 could fall another 25% from here, strategists said. "The Fed may need to signal that tightening could extend properly into 2023," Trivedi's team said. That might force the central bank to continue raising rates into next year, which would increase the risk of a recession, Goldman said.

☆ The stock market crash is exposing Wall Street's biggest charlatans
▼ + stars: | 2022-10-16 | by ( Linette Lopez | ) www.businessinsider.com time to read: +9 min

In a market bubble, it's easy to confuse opportunity for genius. While many of these new investors invested wisely, a pack of them got swept up in a social-media-driven market mania. For the past decade-plus, the stock market loved this. It's really never a good sign when you see celebrities hanging around the stock market, and during the bubble they were everywhere, pumping crypto and investing in SPACs. Good information about the stock market does not come easy, and Gordon Gekko was right to say that if you want a friend on Wall Street, you should buy a dog.

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