Author: EconLearner

Notice from the Federal Deposit Insurance Corporation that the New Jersey Securities and Trust Guaranty Company has failed is taped to the door of the $23,000,000 bank in Jersey City. Very little will be lost for investors, the FDIC says, since all deposits up to $5,000 are protected by it. It is by far the largest bank failure settled by the FDIC since its inception after the 1933 bank holiday.Bettmann ArchiveIndependent Community Bankers of America, the trade association that markets itself as The Nation’s Voice for Community Banksit is officially supporting the newest legislation to expand federal deposit insurance coverage.…

Don’t lose access to your email accountdpa/picture alliance via Getty ImagesUpdated, October 20 with a new “unsecured” device warning for Gmail users and key recommendations for keeping user accounts secure.Google has warned Gmail users to protect their accounts by adding passwords and changing weak passwords. It has also warned that hackers gain access to these accounts using stolen credentials. The alarming rise in two-factor authentication bypasses makes it worse. No user should rely on SMS for security.Now Google has issued a new warning for users who lose their phone altogether — either because it’s actually lost or broken, or more…

China’s Highlander has launched an underwater data center in Hainanthe first such project to be developed on a commercial scale. The energy requirements of Ai data centers come largely from the cooling requirements of the servers, and China has answered this question by placing its Ai data centers underwater. This is something that has been successfully experimented with by Microsoft among others, but has not been commercially deployed until now. The benefits of submerged data centers include a 90% reduction in cooling costs, as ocean currents do what fresh water would otherwise do. this translates to 40% more calculations than…

Personal Finance Masterclass: How to Grow from ₹30K Salary to ₹100Cr Net Worth! Are you struggling to manage your …

U.S. President Donald Trump greets Russian President Vladimir Putin on the tarmac after they arrived at Joint Base Elmendorf-Richardson in Anchorage, Alaska, Aug. 15, 2025. Putin is expected to come to Budapest for another meeting with Trump on Ukraine in the coming days. (Photo by ANDREW CABALLERO-REYNOLDS/AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty ImagesEurope and the civilized world should strongly oppose any visit by Vladimir Putin to meet Donald Trump in Budapest. Indeed, a meeting of Trump to meet Putin in Budapest would be an unequivocal rejection of the international rule of law, the democratic world and,…

Is your love just getting over or standing still? Here are three signs you need to give your relationship the credit it deserves.gettyWhen people think about how their relationship is going, it’s very likely that most of the attention immediately turns to how smooth things look on the surface. And while that absolutely matters, it’s important to remember that in life, things can sometimes feel messy or uncertain. But that doesn’t necessarily mean your relationship is off track or unhealthy. Even healthy relationships have their rough edges, and the truth is that the strength of a relationship often shows up…

Illinois Gov. JB Pritzker speaks during a press conference at River Point Park, Monday, Aug. 25, 2025, in Chicago. (AP Photo/Nam Y. Huh)Copyright 2025 The Associated Press. All rights reserved.As the federal government shutdown nears the end of its third full week, Democrats and Republicans on Capitol Hill are reportedly no closer to an agreement, or even the appearance of an agreement, on reopening the government. The House-passed continuing resolution to fund the government received 55 votes in the US Senate, with all Republicans and three Democrats voting in favor, but the 60 votes needed to break the Democratic deadlock…

Top lineTwo green comets will reach their minimum distance from Earth, likely peak brightness, after sunset on Monday, October 20, just hours before the peak of the annual Orionid meteor shower, itself a product of Halley’s famous Comet. Comet Lemmon (also called C/2025 A6) and Comet SWAN (C/2025 R2) are coming closest to Earth early this week, at 55 and 24 million miles from Earth, respectively, and could be visible to the naked eye. So are the 20 or so “shooting stars” from the meteor shower. The rare celestial show will unfold under a new moon, ensuring dark skies around…

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The classic challenge for petty cash is gold. Populations wary of printing money from government or bank accounts—or taxes and regulations—are piling into precious metals, leaving fiat with no willing users and high and dry. This has been the way of the world for centuries, millennia. In the United States, in the early 1930s, the American people, tired of income tax increases taking rates absurdly higher than ever in peacetime, the property tax increased far, far above the highest in the nation’s history, and extraordinary tariffs making everything more expensive, said forget it and pushed for gold, selling United States…