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"Eurasia Review" featured Pace Haub Law School professor Bennett Gershman in "What Comes Next In Mueller Probe? – Analysis"

12/19/2018

"Eurasia Review" featured Pace Haub Law School professor Bennett Gershman in "What Comes Next In Mueller Probe? – Analysis"

...Trump has denied the accusations, telling Fox News he “never directed (Cohen) to do anything wrong” and that the payments were “not a campaign finance violation.”

But American Media Inc., publisher of the National Enquirer tabloid that bought McDougal’s story, told prosecutors in New York that the payment was made in “concert” with the Trump campaign. The AMI assertion undermines Trump’s argument that “I was doing it innocently, and I didn’t know it was a problem,” says Bennett Gershman, a law professor at Pace University in New York.

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"Eurasia Review" featured Lubin School professor emeritus Joseph Salerno's piece "The Great Cryptocurrency Crash Of 2018"

09/14/2018

"Eurasia Review" featured Lubin School professor emeritus Joseph Salerno's piece "The Great Cryptocurrency Crash Of 2018"

It looks like we have an asset bust for the record books in the making.  The cryptocurrency crash now under way today surpassed the dot-com bust that occurred at the beginning of the millennium,.  While the NASDAQ Composite Index suffered a decline of 78% from its peak in March 2000 to its trough in October 2002, the MVIS CryptoCompare Digital Assets 10 Index, has tumbled 80% from January of this year to today.

During this period, the price of bitcoin, which represents 55% of the value of all cryptocurrencies, has plunged from around $19,300 at its January peak to $$6,300 as I write this.  In the estimate of one commentator, the only “currency” in the world that is now faring worse than bitcoin is the Venezualan bolivar.

Whether or not cryptocurrncies recover–and I doubt they will–it is clear that their volatility make them unfit to serve as a general medium of exchange. However this lesson will likely be lost on the promoters of cryptocurrency. 

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