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Time Is Money

May 7, 2023 • 4 min read

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Kind Charles III
Formula 1

Week Recap:

Jeffrey Epstein's private calendar has been leaked (WSJ), revealing meetings with prominent figures such as CIA Chief William Burns and Goldman Sachs' top lawyer, Kathryn Ruemmler, and many others.
US authorities seized First Republic Bank and sold most of its assets to JPMorgan, acquiring its $92 billion deposits, a majority of assets, $173 billion in loans, and $30 billion in securities. The FDIC agreed to share losses on certain loans and provided a $50 billion credit line to JPMorgan.
Turkey's president announced that the nation's forces eliminated the leader of ISIS.
The Biden administration announced plans to establish immigration processing centers in Colombia and Guatemala as Title 42, is set to expire on May 11th.
Two drone strikes targeted the Kremlin, a historic and heavily fortified complex in the heart of Moscow, Russia (Capital City).
The Federal Reserve raised interest rates by 0.25 percentage points, impacting various borrowing costs like mortgages, credit cards, auto loans, student debt, etc.
U.S. and European authorities arrested 300 people, seized $53 million, and shut down the dark web "Monopoly Market" in a large-scale drug trafficking crackdown.
The White House has declared its intention to invest $140 million in establishing seven dedicated artificial intelligence research hubs, alongside the release of updated guidance on AI.
El Salvador's President Nayib Bukele has signed a law eliminating taxes on technology innovations, including income, property, capital gains, and import tariffs.

King Charles III:

Yesterday's King Charles III coronation marked his official start as the British monarch. As a primarily ceremonial figure, King Charles III has powers such as appointing the Prime Minister and granting Royal Assent to laws.
These powers are limited by the UK's constitutional monarchy system and exercised on the advice of elected officials. In Commonwealth realms, his role is similar, with a governor-general representing him. The monarch's presence symbolizes unity and continuity.
The royal family's wealth comes from land, investments, and valuable assets collected over time.
King Charles III is a head of state of the following countries: 🇬🇧 United Kingdom, 🇨🇦 Canada, 🇦🇺 Australia, 🇳🇿 New Zealand, 🇵🇬 Papua New Guinea, 🇯🇲 Jamaica, 🇧🇸 Bahamas, 🇬🇩 Grenada, 🇸🇭 Saint Kitts and Nevis, 🇱🇨 Saint Lucia, 🇦🇬 Antigua and Barbuda, 🇻🇨 Saint Vincent and Grenadines, 🇸🇧 Solomon Islands, 🇹🇻 Tuvalu, and 🇧🇿 Belize.

Formula 1:

The final race of the Formula 1 Crypto.com Miami Grand Prix 2023 is taking place today at the Miami International Autodrome in Miami Gardens.
This 19-turn street circuit spans 5.412 km, and the race consists of 57 laps, covering a total distance of 308.326 km. Max Verstappen set the lap record in 2022 with a time of 1:31.361.
The Miami International Autodrome made its F1 debut in 2022, becoming the second US race on the F1 calendar alongside the event in Austin, Texas.

Statistic: