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Putin dances at Austrian wedding; talks with Merkel on Syria

Russian President Vladimir Putin made a flying visit to Austria to attend the wedding of the country’s foreign minister Saturday before heading to Berlin for talks with German Chancellor Angela Merkel. Austrian authorities imposed tight security measures around the site of the ceremony near the southern border with Slovenia, where Foreign Minister Karin Kneissl married her partner Wolfgang Meilinger, a businessman. Kneissl, an independent, was nominated by the pro-Russia Austrian Freedom Party, whose leaders also attended the wedding. …read more […]

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Protect Your Portfolio… With Bitcoin?

A recent study by the University of Technology in Sydney, Australia, came to a remarkable conclusion…

The study attempted to model and forecast the volatility of bitcoin returns and analyze its correlation to other markets.

Using statistics and machine learning, the study found, “The correlation analysis of bitcoin returns and the financial indices, particularly DJIA for the U.S. market and ASX for the Australian market and the exchange rate of AUD/USD, has shown the bitcoin price movement does not follow any of these instruments.”

In layman’s terms, the price of bitcoin is not correlated to stock market moves or the value of other …read more […]

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Former UN Secretary-General Kofi Annan dies at age 80

Kofi Annan, one of the world’s most celebrated diplomats and a charismatic symbol of the United Nations who rose through its ranks to become the first black African secretary-general, has died. Annan spent virtually his entire career as an administrator in the United Nations. During his tenure, Annan presided over some of the worst failures and scandals at the world body, one of its most turbulent periods since its founding in 1945. …read more […]