Imagine an American and Canadian company both make widgets for $10. You slap a 25% tariff on the Canadian one and it’s now $12.50. What does the American company do? Sell theirs for $11.50. You’ll still buy the cheaper one but you’ll pay more. And oh no, look, it’s made with materials sourced from Canada raising their input costs. So now they put it to $12 and they actually don’t make any extra profit, you just pay more. Congratulations, you “won” the game of tariffs, by losing *slightly* less than the other guy, who happens to be your closest ally and trade partner. Good job!
https://x.com/adamscochran/status/1886155426032755177The Zimbabwe Gold (ZiG; code: ZWG)[3] is the official currency of Zimbabwe since 8 April 2024,[2] backed by US$575 million worth of hard assets: foreign currencies, gold, and other precious metals.[4][5][6] It replaced the Zimbabwean dollar, which suffered from rapid depreciation, with the official exchange rate surpassing 30,000 Zimbabwean dollars per U.S. dollar on 5 April 2024, whilst the parallel market rate reached 40,000 per U.S. dollar.[7] Annual inflation in Zimbabwe hit 55.3% in March 2024.[8] The ZiG is notionally divided into 100 cents, which were first used by the Zimbabwe Stock Exchange before the currency had an ISO code. Cents were officially recognized by the Reserve Bank of Zimbabwe when a currency code for the Zimbabwe Gold was introduced in June 2024.[9] However, the smallest coin is a 1 ZiG.[10] Although the rate of devaluation of the ZiG may vary,[11] the ZiG has consistently lost value since its introduction, and its long-term prospects are dim so long as large grain imports continue and the government continues to overspend.[12][13] As of November 2024, Zimbabwe had US$21 billion in external debt.[14]
https://en.wikipedia.org/wiki/Zimbabwean_ZiGThe Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of four official currencies of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of extreme inflation, followed by a period of hyperinflation.[3] The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar (which had been introduced in 1970) at par (1:1), at a similar value to the US dollar. In the 20th century the dollar functioned as a normal currency, but in the early 21st century hyperinflation in Zimbabwe reduced the Zimbabwean dollar to one of the lowest valued currency units in the world. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued.[4] The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It was demonetised in 2015, with outstanding accounts able to be reimbursed until 30 April 2016.[5][6] In place of the Zimbabwean dollar, currencies including the South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, Chinese yuan, and the United States dollar were used.[7][8] On 24 June 2019, the Reserve Bank of Zimbabwe abolished the multiple-currency system and replaced it with a new Zimbabwe dollar (the RTGS Dollar),[9] which was the only official currency in the country between June 2019 and March 2020, after which multiple foreign currencies were allowed again. On 5 April 2024, the dollar was removed and replaced with what the authorities called "a structured currency backed by gold", named Zimbabwean gold or the ZiG.
https://en.wikipedia.org/wiki/Zimbabwean_dollarLet’s Glow SF, the country’s largest holiday projection event, is returning to downtown San Francisco for the 2024 holiday season. This FREE holiday projection arts festival has expanded this year to include 8 locations featuring large-scale animated light installations by 16 artists from around the world and award-winning design studios, plus projections at Annie Alley in Yerba Buena and an art installation at The Crossing at East Cut. Let's Glow SF will run from December 6 to 15, 2024 with nightly shows from 5:30 PM to 10:00 PM, and will include Glow on Front: A Neon Block Party, a FREE all-ages block party on Front Street, the State’s first Entertainment Zone, on December 13, 2024. After switching on at 7 PM on Friday, December 6th, shows run continuously from 5:30-10 PM each night. On December 6th, a Countdown to Glow public kickoff will take place at the foot of Market Street facing the Ferry Building with entertainment beginning at 5:00 PM. Opening remarks will begin at 6:30 PM and the light shows will officially turn on at 7:00 PM. Attendees will be able to experience the wonder of the season with exciting performances from Catalyst Arts and Circosphere, a DJ, complimentary hot chocolate from Sunset Roasters and Marley’s Treats, and scrumptious pizza available for purchase from Mozzeria. Free Let's Glow SF swag will be available while supplies last. Join Amazon, Compass Family Services, and Let's Glow SF in donating new and gently used winter coats for underserved families at Countdown to Glow on December 6th, 5:00 PM, at Embarcadero Plaza. Local participating businesses will offer special promotions, discounts, themed drinks, and bites for Let’s Glow SF attendees throughout the entire 10-night event. Let’s Glow SF is hosted by The Downtown SF Partnership, the community benefit district that oversees 43 blocks across San Francisco’s Financial District and Jackson Square Historic District. The signature event is part of citywide efforts to activate downtown’s public realm and increase programming as a form of placemaking across the city and is partially funded through an economic recovery grant from the San Francisco Office of Economic and Workforce Development and Office of Mayor London N. Breed.
https://downtownsf.org/things-to-do/lets-glow-sfThe Pacific Exchange was a regional stock exchange in California, from 1956 to 2006. Its main exchange floor and building were in San Francisco, California, with a branch building in Los Angeles, California. In 1882, the San Francisco Stock and Bond Exchange was founded; and in 1899 the Los Angeles Oil Exchange was founded. In 1956, these two exchanges merged to create the Pacific Coast Stock Exchange, with trading floors maintained in both cities. In 1973, it was renamed the Pacific Stock Exchange. The Pacific Exchange was bought by Archipelago Holdings in 2005, which merged with the New York Stock Exchange in 2006. Pacific Exchange equities and options trading now take place exclusively through the NYSE Arca platform.
https://en.wikipedia.org/wiki/Pacific_ExchangeWill America tax anime? | Matt Alt's Japan (#19)
https://www.youtube.com/watch?app=desktop&v=yn5B8qarkbQBank of America customer out $38K after falling victim to SIM swapping
https://www.youtube.com/watch?v=C9Z2Lg4ZgPE