BIS warns of $80 trillion of hidden FX swap debt | Reuters

Didn’t even know this was a thing. The $80 trillion-plus “hidden” debt estimate exceeds the stocks of dollar Treasury bills, repo and commercial paper combined, the BIS said, while the churn of deals was almost $5 trillion per day in April, two thirds of daily global FX turnover. Source: BIS warns of $80 trillion of… Read More BIS warns of $80 trillion of hidden FX swap debt | Reuters

U.S. Navy Recovers F/A-18E from Mediterranean Sea > U.S. Naval Forces Europe and Africa / U.S. Sixth Fleet > News

Finally, some good news. On Aug. 3, the U.S. Navy successfully recovered the F/A-18E Super Hornet aircraft assigned to Carrier Air Wing (CVW 1), embarked aboard USS Harry S. Truman (CVN 75) that blew overboard due to unexpected heavy weather in the Mediterranean Sea July 8, 2022. Source: U.S. Navy Recovers F/A-18E from Mediterranean Sea… Read More U.S. Navy Recovers F/A-18E from Mediterranean Sea > U.S. Naval Forces Europe and Africa / U.S. Sixth Fleet > News

Tesla was on Autopilot when it hit firetruck, NTSB finds – Los Angeles Times

Such a great image. Fortunately, no one was seriously injured. A government report says the driver of a Tesla sedan that slammed into a Culver City firetruck on the 405 Freeway last year was using the car’s Autopilot system when a vehicle in front of him suddenly changed lanes and he didn’t have time to… Read More Tesla was on Autopilot when it hit firetruck, NTSB finds – Los Angeles Times

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme | Reuters

I cannot restrain myself – I must share this! In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc (TSLA.O) and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble. I love a good… Read More Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme | Reuters