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Category: Economy

Bomb Shelter Business Booming Thanks to North Korea Threat

For the first time in decades, Hawaii sounded their nuclear attack warning sirens, which will be heard the first Friday of every month for the foreseeable future because of the danger posed by North Korea’s nuclear missile program.

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Bitcoin Hits New All Time High After Burst Of Asian Buying: Market Cap Nears $200 Billion

Whether it was the previously discussed unexpectedly bullish JPM report (which calculated that a mere $6bn in net capital inflows has pushed the crypto market cap to $330 billion), or just the latest unexplained burst of buying out of Asia with another weekend surge in volumes out of Japan and Korea, but last week’s bitcoin mini meltdown and bear market are now long forgotten, and overnight the world’s most popular cryptocurrency has soared again, up $750, or 7%, in the past 24 hours, last trading at a new all time high of $11,795, just $200 away from $12,000.

Meredith, Koch Brothers Buy Time Inc In $2.8 Billion Deal

Confirming rumors that had swirled over the past 10 days, on Sunday night Meredith Corp., publisher of Better Homes & Gardens, Martha Stewart Living and Family Circle announced it has agreed to acquire all of Time Inc’s outstanding shares for $18.50/share or $1.85BN; including the assumption of Time’s debt, the deal is valued at a total of $2.8 billion. Meredith has secured $3.55BN in debt financing from RBC Capital Markets, Credit Suisse, Barclays and Citigroup Global Markets, according to the FT.