Tag: Bitcoin

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Stocks fall for a 3rd day; Bitcoin sinks after a wild ride

Business Associated Press Associated Press -
Wall Street racked up more losses Wednesday as the stock market pulled back for the third straight day. The broad sell-off went beyond stocks, with the price of Bitcoin and other cryptocurrencies falling sharply.

Cost of a single Bitcoin exceeds $50,000 for first time

Finance Associated Press Associated Press -
The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time.

Tesla buys $1.5B in Bitcoin, will accept as payment soon

Business Associated Press Associated Press -
Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15% to above $43,000 Monday.

Why Bitcoin-Like Scarcity Would Be a Disaster for the Dollar

Letters & Opinions Contributed Contributed -
There’s a widespread belief that the exorbitant quantity of money the Federal Reserve is pouring into the U.S. economy must eventually mean the return of high inflation. After all, if there’s lots more money but no more stuff to buy, prices must rise, mustn’t they? So the prospect of Judy Shelton – known for her support of the gold standard – joining the Fed’s Board of Governors is raising the hopes of those who want the Fed to be stripped of its money creation powers.

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Kohler booked on murder, hit-run death after Palm Avenue scooter crash

Crime & Incidents 0
Mason Drew Kohler, 31, was booked on felony murder, hit-and-run death, and DUI charges, according to the Riverside County jail roster, which lists a Hemet PD arrest at Palm Avenue and Commonwealth Avenue. Hemet police say two pedestrians on an electric scooter were struck there about 6:55 a.m. Tuesday, Sept. 22; one was pronounced dead. Police have not named the driver, and the decedent's identity remains withheld.

Vote Yes on Proposition 45: A Vote for Jobs and Innovation

Editorial 0
A yes vote on Proposition 45 is a vote for jobs and innovation.

San Jacinto Planning Commission recommends two annexations, including 151 homes south of Ramona Expressway

Local Government 0
The San Jacinto Planning Commission voted 3-0 Tuesday to recommend two sphere-of-influence annexations to the City Council, including Tentative Tract Map 34271 for 151 single-family lots south of Ramona Expressway. Neither file is a completed annexation.

Shooters Hemet restored to full permit; A placard, score 92

Hemet 0
Shooters Sports Bar & Grill at 121 E. Florida Ave. was approved Sept. 22 to open back to full permit status, and the A placard was re-posted. The county report lists a manual score of 92, with no live or dead cockroach activity observed and a surveillance recheck by Sept. 29.

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