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An anonymous reader quotes a report from CoinTelegraph: Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi's Future of Finance head Ronit Ghose warned in a report published Monday. According to the Financial Times, Ghose compared the potential outflows caused by paying interest on stablecoins to the rise of money market funds in the late 1970s and early 1980s. Those funds ballooned from about $4 billion in 1975 to $235 billion in 1982, outpacing banks whose deposit rates were tightly regulated, Federal Reserve data showed. Withdrawals from bank accounts exceeded new deposits by $32 billion between 1981 and 1982. Sean Viergutz, banking and capital markets advisory leader at consultancy PwC, similarly suggested that a shift from consumers to higher-yielding stablecoins could spell trouble for the banking sector. "Banks may face higher funding costs by relying more on wholesale markets or raising deposit rates, which could make credit more expensive for households and businesses," he said. The GENIUS Act does not allow stablecoin issuers to offer interest to holders, but it does not extend the ban to crypto exchanges or affiliated businesses. The regulatory setup led to a significant reaction by the banking sector. Several US banking groups led by the Bank Policy Institute have urged local regulators to close what they say is a loophole that may indirectly allow stablecoin issuers to pay interest or yields on stablecoins. In a recent letter, the organization argued that the so-called loophole may disrupt the flow of credit to American businesses and families, potentially triggering $6.6 trillion in deposit outflows from the traditional banking system.

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schwit1 shares a report from the Korea Herald: Korean Air, South Korea's flagship carrier, on Tuesday announced a sweeping $50 billion deal to purchase next-generation aircraft from Boeing and spare engines from GE Aerospace and CFM International, its largest-ever investment aimed at fueling long-term growth. The deal, signed during President Lee Jae Myung's visit to Washington, includes $36.2 billion for 103 Boeing aircraft, $690 million for 19 spare engines, and a $13 billion long-term engine maintenance contract. The fleet order spans a wide mix of models: 20 Boeing 777-9s, 25 Boeing 787-10s, 50 Boeing 737-10s, and eight Boeing 777-8F freighters. Deliveries will be phased through the end of the 2030s. Korean Air will also acquire 11 spare engines from GE Aerospace and eight from CFM International, alongside a 20-year maintenance service agreement with GE covering 28 aircraft.

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alternative_right shares a report from Phys.org: You've probably heard it before in a meeting: 'Let's touch base offline to align our bandwidth on this workflow.' Corporate jargon like this is easy to laugh at -- but its negative impact in the office can be serious. According to a new study, using too much jargon in the workplace can hurt employees' ability to process messages, leading them to experience negative feelings and making them feel less confident. In turn, they're less likely to reach out and ask for or share information with their colleagues. "You need people to be willing to collaborate, share ideas and look for more information if they don't understand something at work," said Olivia Bullock, Ph.D., an assistant professor of advertising at the University of Florida and co-author of the new study. "And jargon might actually be impeding that information flow across teams." Age made a difference, though. Older workers had a harder time processing jargon, but were more likely to intend to ask for more information to clarify the message. Younger employees were less likely to seek and share information when confused by jargon. "It gives credence to the idea that younger people are more vulnerable to these workplace dynamics," Bullock said. "If you're onboarding younger employees, explain everything clearly." The findings have been published in the International Journal of Business Communication.

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