There’s also a disturbing cultishness to the Bitcoin community, where everyone is as bullish as can be. “Someone is going to get rich this year,” Peter Vessenes, the executive director of Bitcoin, said in his opening keynote. The Bitcoin documentary that was teased at the conference is called The Rise and Rise of Bitcoin. Everyone was talking about how the price was only going up. Bitcoiner Tuur Demeester, the author of a financial newsletter, gave a talk in which he projected a number of scenarios in which the price of a Bitcoin could exceed $1,000, such as hedge funds committing 1 percent of their portfolios. “That’s why I think the risk-reward ratio is extraordinary,” he said. “Everyone should own at least a few Bitcoins.” He did not discuss any scenarios which might cause the price to fall.
What Will Happen if the DH is Implemented in the National League: A Flow Chart
With Houston moving over the American League, ushering in 180 days of Interleague play, a lot of people, Joel Sherman included, believe it’s only a matter of time before the DH overtakes the National League.
But there are a number of consequences that are not being considered.
The Economist comments on the results of last weekend’s elections in Italy.
Gordon Weyrauch, manager of Williston Home & Lumber, said it’s hard to keep good employees even at $16 an hour: “Seems like when you get somebody that’s really good, there’s always another company stealing them away.”
A sign outside the local Wal-Mart advertises starting wages of $17 an hour.
Some desperate employers are acting as landlords. The new Love’s truck stop built a small yellow apartment building next-door for employees. The Williams County government erected an apartment building to offer new county workers an affordable place to live.
Pam Louwagie writing for the Minneapolis Star Tribune about the difficulty residents of Williston, North Dakota have faced as the shale oil boom has transformed daily life in the state.
Pictured above: A NASA satellite photo shows the flares from the oil wells dotting the Bakken Formation in North Dakota.
From The Atlantic: A soldier of the French foreign legion wearing a skeleton mask stands next to an armored vehicle in a street in Niono, Mali, on January 20, 2013. French Defence Minister Jean-Yves Le Drian said today that the goal of France’s military action in Mali was to retake control of the entire country from Islamist militants who have seized the north. “The goal is the total reconquest of Mali. We will not leave any pockets” of resistance, Le Drian said on French television. (Issouf Sanogo/AFP/Getty Images)
There’s no question that the United States certainly does not want to see conflict between their allies Japan, and the Chinese. But how much effort the U.S. will be able to put into stopping it and given how tied the Americans are to the Japanese; it’s not clear to me this isn’t going to get worse. If I had to bet right now, I think there is [going to be] a significant run of escalation in 2013. And I think by far, China-Japan is the most significant geopolitical tension on the map, in terms of direct bilateral conflict in the coming years.
Ian Bremmer in an interview with Business Insider. Bremmer, who is president and founder of Eurasia Group- a geopolitical consultancy- worries that China and Japan are headed towards a relatively small-scale, but very destructive war over a series small islands in the East China Sea.
Source: Business Insider