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The Need To Regulate Big Tech - Part 2: Moral Hazards In Space

“Insufficient facts always invite danger.” Is it right to let a small number of very wealthy entrepreneurs fill Earth’s already crowded orbital space to establish non-terrestrial internet monopolies? What are the risks, and are the costs justified? Should orbital space be a public good? A few years ago I read a Sci-fi novel where the moon breaks into three parts. Everyone oohs and ahhs at the beauty of the new multiple moon system until it becomes apparent the new moons are colliding, creating hundred of smaller pieces. The pace of collisions increases chaotically towards a tipping point as the number of rocks increases, until the space debris starts bombarding the earth, wiping out life on the planet. Devasting stuff, and very unlikely.

Week Ahead: Dollar rally continues as US yields rise - MarketPulse

Week Ahead: Dollar rally continues as US yields rise March 5, 2021SharePrint The taperless tantrum could continue across financial markets now that it seems clear Fed Chair Powell won’t react until he sees disorderly market conditions or if financial conditions tighten further.  Positive economic, such as this past employment report might continue to fuel optimism about the economic outlook and that could raise expectations that the Fed will raise rates sooner. US Financial markets will have their hands full trying to balance the impact on another massive relief bill, an improving labor market, and a bond market selloff that appears to have no signs of slowing down.  The dollar has been running wild following the move in Treasuries and most signs are suggesting that move could continue.

Dollar falls broadly as surprise downbeat U S jobs data trigger profit taking: Feb 08, 2021

2/8/2021 2:11:26 AM GMT Despite continuing its recent winning streak and hitting a 2-month initially on Friday, the greenback fell across the board after release of weaker-than-expected U.S. non-farm payrolls data which triggered broad-based profit taking.      Reuters reported U.S. employment growth rebounded less than expected in January and job losses the prior month were deeper than initially thought, strengthening the argument for additional relief money from the government to aid the recovery from the COVID-19 pandemic.    The Labor Department said on Friday nonfarm payrolls increased by 49,000 jobs last month. Data for December was revised to show 227,000 jobs lost instead of 140,000 as previously reported.   

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