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A Chinese man was killed while trading cryptocurrency at a luxury hotel in Jeju City, South Korea. South Korean police have arrested four Chinese suspects. The four people took away the victim's 85 million won in cash and absconded

Waste expert says chances of UK man finding lost bitcoin fortune are 1 in 902 million

Musk Wields Chainsaw Given by Milei Before a conservative audience at the Conservative Political Action Conference (CPAC) near Washington, billionaire Elon Musk took the stage wielding a red chainsaw— a gift from Argentina’s President Javier Milei—symbolising his call for drastic federal spending cuts. He accused Democrats of “treason” and pledged support for auditing the Federal Reserve. Now regarded as one of President Trump’s most influential advisers, Musk also criticised Biden’s immigration policies, singling out an app that granted one million people two-year work permits in the US. Musk Dubs Milei’s Gift as “The Chainsaw for Bureaucracy” Earlier, Musk met with Argentine President Javier Milei, who gifted him a chainsaw engraved with “Viva la libertad, carajo” (“Long live liberty, damn it”). Musk dubbed it “the chainsaw for bureaucracy” and jokingly remarked that Salvadoran President Nayib Bukele was concerned for his safety. 🚨NEW: Elon Musk comes out on stage at CPAC 2025 and is presented a golden chainsaw by Argentinian President, Javier Milei, and yells, “THIS IS THE CHAINSAW FOR BUREAUCRACY!” 🔥 pic.twitter.com/Rms8WujLZV — Autism Capital 🧩 (@AutismCapital) February 20, 2025 When asked about his mindset, Musk—sporting his signature black hat and sunglasses—simply described it as "a storm." Following Musk on stage, Steve Bannon received a more subdued response. He joked: “How did I draw the card to follow Elon Musk? I’m just a crazy Irishman!” Meanwhile, Musk is spearheading sweeping government cuts under President Donald Trump, affecting agencies from banking regulators to forest services and space programmes. On Thursday alone, 6,000 IRS employees were reportedly notified of their termination. As CEO of Tesla and the world’s richest man, Musk has openly championed Milei’s aggressive stance on reducing government size. Before becoming Argentina’s president in late 2023, Milei famously wielded a chainsaw at campaign rallies to symbolise his economic reforms. But as Musk brandished his own gifted chainsaw on stage, was it a bold statement against bureaucracy or just another political spectacle?

Taxi driver, born in Syria, moved to Venezuela as a teen. Lived a tough life and escaped under Assad. Experienced the prosperity and downfall of one-resource economics (don't conflate Venezuela's success and sudden decline with socialism, you lazy bastard) in the moist oil-rich country on Earth — though it's extra-heavy crude, shit oil. Finally, after leaving a place where eating from trashbins was becoming increasingly more common, he arrives in the US of A — and loves it! Of course! After so much calamity and chaos, who wouldn't love driving around Salt Lake, gazing at the snow-capped mountains. And he can pursue other business ventures with relative impunity (no gangs or overtly hostile government). Can't remember what exactly made me want to share this. But I think it had something to do with the man's pleasantly satisfied grin he kept the whole car ride. From his eyes, it was evident that he's been branded by some horrific memories. But from the grin, it was clear that he enjoys adding new ones with the Utah mountains in the background.

Warren Buffett is not a man who speaks into the void. When he expresses himself, the finance world listens. At 94 years old, the legendary investor uses his annual letter to shareholders to deliver a straightforward message to Washington: budgetary excesses and monetary instability threaten the American economy. This warning comes as Berkshire Hathaway reports spectacular financial performance, with a record profit and a historic cash reserve of $334.2 billion. Thus, in a market where investment opportunities are becoming scarce, Buffett favors caution and prepares to hand over the reins to his designated successor, Greg Abel. In his letter to shareholders, Buffett delivers an unequivocal message to Washington. He criticizes the growing budget deficits in the United States, exacerbated by the possible extension of tax cuts initiated under the Trump administration. “Fiscal craziness can destroy the value of paper money,” he warns, and emphasizes the importance of prudent management of public finances. He reminds that the prosperity of the United States relies on a stable dollar and that monetary errors can have irreversible consequences. As budget deficits explode and the debate on extending the Trump-era tax cuts rages, Buffett fears a weakening of the dollar. He urges Washington to maintain a stable economic framework and to ensure support for the most vulnerable populations: “take care of those who, through no fault of their own, draw the short straw in life. They deserve better.” Berkshire Hathaway continues to assert its dominance in the markets. The year 2024 ends with a net profit of $89 billion, driven by strategic investments in Apple and American Express. Operating profit jumps by 27 %, reaching $47.44 billion, a new peak for Buffett’s empire. In a context of high stock valuations, the company accumulates a record cash reserve of $334.2 billion, an unprecedented level. This accumulation reflects a cautious approach in a market deemed too expensive, where attractive investment opportunities are scarce. Despite these spectacular results, Buffett remains cautious about investment prospects. He observes a shortage of attractive opportunities and notes that “often, nothing seems convincing,” and that the moments when he can deploy capital massively are becoming increasingly rare. This caution has translated into a partial sale of his stake in Apple, although the tech giant remains Berkshire Hathaway’s largest investment. Such a strategy illustrates the methodical management of the conglomerate, which prefers to wait rather than overpay for inflated assets. As he mentions his advanced age, Buffett is preparing to pass on Berkshire Hathaway to Greg Abel, his designated successor. He assures shareholders that Abel has “demonstrated his ability to allocate capital wisely,” thus ensuring a smooth transition. Furthermore, Buffett confirms his intention to increase Berkshire’s investments in Japan, particularly in conglomerates like Mitsubishi and Itochu, as he believes these companies offer more attractive valuations than American stocks. Warren Buffett reminds us of an essential rule of investing: prudence and responsible management are crucial in times of uncertainty. His warning about the public debt of the United States and the stability of the dollar could very well come to fruition if American budgetary excesses continue. Moreover, his shift towards Japan and the preparation for his succession represent a significant step for Berkshire Hathaway, which will need to evolve without him in an increasingly volatile financial world.