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12.22.17
“In 1973, a woman could not get a credit card without her husband or father or a male signing off on it.”
-Billie Jean King 



 
Bitcoin Tumbles Through $13,000 as `Sharks Start to Circle'  The world’s largest cryptocurrency sank below $13,000 as this week’s selloff entered a fourth day with increasing momentum. Other cryptocurrencies also tumbled, with bitcoin cash crashing 35 percent and ethereum losing 23 percent over the past 24 hours, according to coinmarketcap.com. - Bloomberg

Eric Schmidt is stepping down as the executive chairman of Alphabet  Eric Schmidt will be stepping down as the executive chairman of Alphabet's board of directors and transitioning to technical advisor, the company announced. He will continue to serve on the company's board. - CNBC

Apple sued over iPhone slowdown  Apple yesterday confirmed that it has implemented power management features in older iPhones to improve performance and prevent unexpected shutdowns as the battery in the devices starts to degrade, and this admission has now led to a class action lawsuit. - Mac Rumors

Papa John's names new CEO  Papa John's founder John Schnatter is stepping as CEO, about two months after criticizing the NFL leadership over national anthem protests. He had blamed slowing sales growth on the public outcry and said that customers had a negative view of Papa John's association with the NFL. Schnatter will be replaced by COO Steve Ritchie on Jan. 1. - Seekign Alpha

Goldman Is Setting Up a Cryptocurrency Trading Desk  Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier. - Bloomberg

The majority of US workers live in "employment monopsonies" where there is little or no competition for workers  Researchers found that the majority of US workers live in markets, where there is no competition for their labor; in these markets, wages are artificially suppressed because employers do not have to bid against each other for the same workers. - Boing Boing

NYPD officers shot the fewest people ever this year  New York City police officers shot fewer than two dozen people this year, a record low and the result of major shifts in policing practices that have led to drops in police shootings around the country. - Vice

Qualcomm gets a permit to test self-driving cars in California  Qualcomm has obtained a permit to test autonomous vehicles on public roads in California, the latest step in the chipmaker's effort to gain a foothold in the self-driving car market. - CNBC
 
 What Credit Card Should Be in Your Wallet? by Chris Hutchens
There's cash-back cards, hotel cards, membership cards. Too many choices. This guy's got the advice you need if you're in the market for some new plastic.
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