Rioters begin losing jobs following bloody Capitol siege: Teacher, real estate agent, attorney, and more suspended, fired

Demonstrators present at the U.S. Capitol during Wednesday’s raid are receiving suspensions and losing their jobs, according to various reports.

At the time of this writing, a Pennsylvania teacher, Chicago real estate agent, Texas attorney, and more have either lost their jobs or have been suspended following the Wednesday riots.

Teacher ‘temporarily relieved’ of duties

In Pennsylvania, Allentown’s Morning Call on Thursday reported that the Allentown School District has suspended one of its teachers, a male who remains unnamed at the time of this reporting, who reportedly took part at the U.S. Capitol on Wednesday.

In a statement, the district said, “While we all have the right to express ourselves, it is important to do so respectfully.”

The statement added, “We understand that many members of our community are upset by the image. At the same time, the district has an obligation to respect the First Amendment rights of our staff and students. Because of the emotion and controversy stirred by the events of January 6, 2021, the teacher has been temporarily relieved of his teaching duties until the School District can complete a formal investigation of his involvement.”

The outlet noted that the teacher in question was one of several people who were reportedly fired or who had been asked to resign from their positions as a result of allegedly attending the demonstration on Wednesday.

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Brexit trade talks enter ‘last leg’ with no-deal deadline just weeks away

The U.K. and the EU are in the “last leg of negotiations” over a post-Brexit trade agreement, according to Britain’s foreign minister, with only a few weeks left to approve any potential deal.

The U.K. stopped being a member of the EU in January, but it agreed to keep following European rules until the end of 2020 so both sides could formulate new trade arrangements. However, this has proven to be a difficult task with talks stuck over the same three issues since the spring.

“I do think this is a very significant week, the last real major week,” Dominic Raab, told the BBC on Sunday.

Both sides need to reach new trade arrangements and rectify them in their respective parliaments before the end of the year. Failure to achieve that could lead to a no-deal scenario — higher costs and barriers for exporters on both sides.

According to Raab, a breakthrough depends on overcoming differences over a “fairly narrow” number of issues. The major sticking points remain over fishing, competition policy and governance of any future deal. They have different views on how much access European fishing crews should have on U.K. waters, and on what sort of market competition rules should be applied to ensure Britain’s departure does not jeopardize the EU’s single market.

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Dollar index hits its lowest level in more than two years

Dollar index hits its lowest level in more than two years | News Break

The dollar index, which tracks the greenback’s value against a basket of currencies, touched its lowest level in over two years.

What’s going on: Investor sentiment soared this month — following Biden’s win and prospects of congressional gridlock, possible stimulus, and headway on coronavirus vaccines.

Investors shifted into riskier assets — leaving the dollar to fall 2.5% this month.
The New Zealand dollar, on the other hand, is on track for its biggest monthly gain in seven years.
What they’re saying: The worsening pandemic and uncertainty over OPEC+ moves shouldn’t cloud the “generally positive risk environment, which has seen around $36 billion worth of portfolio flows returning to emerging markets over the last month — largely at the expense of the dollar,” ING strategists wrote.

“While more lockdown restrictions may stand to curb U.S. equity markets, the prospect of the Fed being prepared to add more liquidity should limit any dollar upside.”

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Bitcoin Hits New Record, This Time With Less Talk of a Bubble

Bitcoin is back. Again.

Nearly three years after it went on a hair-bending rise and hit a peak of $19,783, the price of a single Bitcoin rose above that for the first time on Monday, according to the data and news provider CoinDesk. The cryptocurrency has soared since March, after sinking below $4,000 at the outset of the coronavirus pandemic.

Bitcoin’s latest climb is different from its last spike in 2017, which was driven largely by investors in Asia who had just learned about cryptocurrencies. Back then, the digital token soon lost momentum as people questioned what it could do other than allow for easy online speculating and drug and ransom payments.

While those questions remain, Bitcoin is now being fueled by a less speculative fever. Buyers — led by American investors, including companies and other traditional investors — are treating Bitcoin as an alternative asset, somewhat like gold, according to an analysis from the data firm Chainalysis. Rather than quickly trading in and out of it, more investors are using Bitcoin as a place to park part of their investment portfolios outside the influence of governments and the traditional financial system, Chainalysis and other industry firms said.