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City National Bank is fined $65 million for risk control lapses – Los Angeles Times

City National Bank was fined $65 million by federal regulators Wednesday for failing to maintain adequate risk management and internal controls, including those related to money laundering. The bank, long known as L.A.’s “Bank to the Stars” for its close ties to the entertainment industry, has entered into a civil consent order with the Office […]

Neuralink product Telepathy will enable computer control by thinking

Elon Musk’s brain chip startup Neuralink has already completed its “first product” – called Telepathy – after successfully inserting an implant into its first human subject. The program “allows you to control your phone, your computer, and almost any device through them, just by thinking about it,” Musk said Monday night. “The first users will […]

Stringent Gun Control Fails to Stop Edmonton City Hall Firearm Attack

Canada's strict gun laws failed to stop a firearms and Molotov cocktail attack on Edmonton City Hall on Tuesday. edmonton journal report The 28-year-old gunman was armed with a long gun when he “entered the building through the park, opened fire and threw Molotov cocktails,” police said. Some members of Congress were inside the building […]

Why the Fed Lost Control of the Economy Last Year

Explosive growth that almost no one expected will occur Why was economic growth much faster than economists expected last year? The answer may be The Federal Reserve has much less influence It impacts business activities more than is commonly thought. Most Wall Street economists are people who get paid well to predict the economy for […]

Joe Biden Exercises Executive Action to Promote More Gun Control

The White House announced Thursday that President Joe Biden will take executive action to tighten gun laws, this time on gun storage. white house press release I got it. Biden's action would “implement President Biden's Executive Order to Promote the Safe Storage of Firearms to Reduce Gun Violence and Make Our Communities Safer.” He said […]