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JPMorgan’s Jamie Dimon says bitcoin ‘is a fraud’

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Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co, said on Tuesday.

Speaking at an investor conference in New York, Dimon said, “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”

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Dimon said that if any JPMorgan traders were trading the crypto-currency, “I would fire them in a second, for two reasons: It is against our rules and they are stupid, and both are dangerous.”

Dimon’s comments come as the bitcoin, a virtual currency not backed by any government, has more than quadrupled in value since December to more than $4,100.

Bitcoin is a digital currency that enables individuals to transfer value to each other and pay for goods and services bypassing banks and the mainstream financial system.

Dimon also said JPMorgan’s third-quarter trading revenue will be down about 20 percent from a year earlier, in line with analysts’ expectations.

(Reporting by David Henry and Anna Irrera in New York; Editing by Steve Orlofsky)

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Donald Trumps needs a coronavirus scapegoat — and right now it’s China

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"If we are at war, who is the enemy?" asks Fred Hiatt, editorial page editor for The Washington Post in a smart piece that examines the question of who constitutes a target for a self-declared "wartime president."

While it is obvious that the enemy, in this case, is a tiny, sticky, invisible microbe that stubbornly gloms onto surfaces or leaps through the air to weaponize subway cars or shared gym equipment or a touch to the face.

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Trump says Putin to ‘probably ask’ for sanctions lifting

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President Donald Trump said Monday he expects his Russian counterpart Vladimir Putin to request the lifting of US sanctions during an upcoming phone call.

"Yeah, he'll probably ask for that," Trump told Fox News.

Trump did not say what his response would be, noting that he had put sanctions on Russia but adding: "They don't like that. Frankly we should be able to get along."

The two were due to talk "shortly," he said.

Last Thursday, Putin told G20 leaders during a conference call that he wanted a moratorium on sanctions as a "matter of life and death" during the global coronavirus outbreak.

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Arguing with the coronavirus deniers in your life can backfire — here’s how to make them see the light

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For those of us diligently practicing social distancing, it can be infuriatingly frustrating to encounter friends and loved ones who refuse to. There’s a strong temptation to lash out at them as selfish fools whose irresponsibility endangers us all. But doing so will backfire because, when people feel attacked, they get defensive and entrench in their position. Like it or not (not!), this is human nature.

Your civic duty, in addition to social distancing, is to talk to Covid-deniers in a way that has some chance of getting through to them. Here are some do’s and don’ts from the world of cross-partisan dialogue best practices that apply to the Covid-19 pandemic:

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