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The Kraken is a Cray XT5 supercomputer to Break Petascale

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News Date: November 22, 2020

The University of Tennessee supercomputer, Kraken, has broken a major barrier to become the worlds first academic supercomputer to enter the petascale, performing more than 1 thousand trillion operations per second, a landmark achievement.
The Kraken Cray XT5 supercomputer at the National Institute for Computational Sciences (NICS) has been upgraded to become the first academic computer in the world to exceed one petaflop of calculation power.
Sources: news.utk.edu, news.softpedia.com

The FED announces a new upgraded system

The Federal Reserve Board announced that it will replace its current bank application filing system with a new and upgraded system later this month.
The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications.
Sources: federalreserve.gov

Judy Shelton for Fed board, return to the gold standard

Senate banking panel to resume considering Judy Shelton for Fed board.
The nomination of Shelton appeared in jeopardy earlier this year as Republicans and Democrats on the banking panel expressed concerns over her views on the independence of the Fed from the White House, as well as her advocacy in the past for returning the United States to the gold standard.
Source: www.washingtonpost.com

CBI resumes sale of gold coins and bars

The Central Bank of Iraq has announced its decision to resume the sale of bullion and gold coins through an electronic platform, starting immediately.
Government and private banks can now participate in buying these assets through the dedicated electronic platform, subject to the Central Bank's guidelines and controls.
This move is set to modernize and streamline the precious metals market in Iraq, making it more accessible and transparent for all parties involved.

US Jobs Data could Trouble the Market

Goldman: The Market's Reaction To The Jobs Report Means Brace For A Stubborn Grind Higher In September.
Unusually large U.S. jobs number stokes case for 'unusually large' rate hike.
Friday's 'Great' Jobs Number Could Spell Trouble For The Market.
'Great' US Jobs Data Make Case for Bigger Fed Rate Increases.
Bond markets complicate Fed decision after jobs report.
There is a probability of a 0.75% move in September, a noticeable change from the 0.50% move markets were pricing prior to Friday's jobs report.
Sources: substack, finance.yahoo

Silver Dollar Coin Anniversary Act signed into law

On January 5, 2021, Donald Trump signed into law H.R. 6192, the "1921 Silver Dollar Coin Anniversary Act," which requires the Department of the Treasury to mint and issue coins in honor of the 100th anniversary of the completion of coinage of the Morgan dollar and the 100th anniversary of the commencement of coinage of the Peace dollar.
The Act does not call out any mintage limits, only that the coin is authorized to be sold in 2021 and that the coins will have the exact same designs of the 1921 Morgan and 1921 Peace dollar coins.
$1 Silver Coins. The Secretary of the Treasury shall mint and issue $1 coins, each of which shall:
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches;
(3) contain not less than 90 percent silver;
(4) have a reeded edge.
Sources www.congress.gov

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