Friday, August 5, 2022

Aug 3

 Yesterday was a major shopping day. We didn't intend it but with all the empty shelves we have seen lately we often get things we normally use but don't actually need immediately. The cat litter and canned food shelves were very thin on product so we picked up what we could easily store and stocked up. Our favorite supermarket sends out coupons we actually use so we also stocked up on those items. By the time we got home, got everything put away, and had breakfast we were done for the day so we had to catch up on our housekeeping today.

I have always been skeptical of cryptocurrencies. Some of the articles and ads I have seen argued that it is a viable and secure alternative to "fiat" currencies. But I don't see any greater security for crypto (which isn't tied to gold or some other hard value) over dollars (which aren't either). I wasn't surprised about the bankruptcy filing from Celsius and wasn't surprised that its customers/depositors are likely screwed. It reminds me of the crisis about 30 years ago in the savings and loan industry. I worked with people who didn't get access to their deposits for weeks and lost some of their money. Like the savings and loans the crypto industry isn't backed by the FDIC system though at least one company (which filed for bankruptcy before Celsius) claimed (fraudulently???) in its advertising and on its site. You can check out the situation with this Forbes article.

In spite of the efforts by the Kansas Republicans to confuse voters concerning the probably effect of the ballot measure to change the state constitution to allow the legislature to abolish abortion, inspire of the strategy of placing the measure on the ballot during a mid-term primary when independents and Democrats generally don't turn out, and in spite of the financial support of the Catholic Church Kansas voters rejected (59-42%) the measure so abortion remains constitutionally protected in Kansas.

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