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Pentagon announces it has killed four men in another boat strike in Pacific The GuardianExclusive: Survivors clinging to capsized boat didn't radio for backup, admiral overseeing double-tap strike tells lawmakers CNNSecond Strike Scrutiny Obscures Larger Question About Trump's Boat Attacks The New York TimesCould Dems really impeach Hegseth? Here's what would have to happen AxiosExclusive | Survivors of Boat Strike Were Actively
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The economy, inflation, tariffs, bubble fears, crypto and other big topics that made headlines this year.
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U.S. Treasury Secretary Scott Bessent on Wednesday expressed confidence that the Supreme Court will rule in favor of the Trump administration's many country-specific tariffs, while also saying administration officials are ready to maintain the levies through other avenues.
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Topic: RobocarsTags: forbesGM has killed Cruise's robotaxi project. In this article, I muse about some consequences, including why Tesla should buy it, what it means for global competition and what role the DMV played in the death of Cruise and what it should think about that. Link to the article in the comments.
Read my Forbes site story at Tesla should buy Cruise
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Let's say you purchase a used car from a dealership and later want to bring it back for a refund. Do you have the legal right to get your money back regardless of the reason? Does the "Three-Day Cooling Off Period" apply?
That's what "Mack" thought.
‘I Looked Under the Seats and Found Drug Paraphernalia!'
"I bought a used SUV two days ago and want to take it back to the dealer for a refund, but when I told them why they laughed at me and refused," Mack told me in a call recently.
When I asked if there was anything mechanically wrong with the vehicle, he replied, "No, it drives fine, but it is what I found under the front seats that scares me: dangerous drug paraphernalia." His tone of voice grew increasingly strident the longer we spoke.
And what was he looking for under the front seats?
SEE MORE PODCAST: Car-Buying in an Inflated Market with Jenni Newman
"For money or jewelry sometimes that winds up there, but instead I found vaping equipment! That's illegal! I don't know what other illegal items are in the car, and I want my money back! Also, don't I have three days to cancel the contract?"
I explained to Mack that while there is such a thing as a Three-Day Cooling-Off Rule, in most all cases - including this one - it doesn't apply to car purchases. And besides, in his state, mere possession of vaping hardware is not illegal. Unless he had the right to bring the car back for a refund - spelled out in the sales contract - the dealership could decline his request.
Car Buyers Shouldn't Believe the 3-Day Myth
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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