Trump Congratulates ABC For Firing Brian Ross Over “Horrendously Inaccurate” Report

Update: Just hours after he told a group of reporters that he's "not worried" about Mike Flynn's decision to cooperate with special counsel Robert Mueller because – as Trump put it – "there's been absolutely no collusion and we're prefectly happy with that," the president has weighed in on ABC's decision to suspend World News Tonight's Brian Ross.

"Congratulations to @ABC News for suspending Brian Ross for his horrendously inaccurate and dishonest report on the Russia, Russia, Russia Witch Hunt. More Networks and “papers” should do the same with their Fake News!"

Yesterday, Ross fraudulently reported that Flynn was set to testify that Trump ordered him to contact the Russians "during the campaign" when – in fact – Flynn had testified that the order happened during the transition, and was handed down by Trump's son-in-law, Jared Kushner.

 

Notably, Trump has revived the "Russia, Russia, Russia" expression he used in a tweet attacking the Democrats last week following reporters that Flynn might've flipped because his lawyers had decided to cut off contact with Trump's legal team.

* * *

Having suffered a massive backlash from their attempt to downplay a fraudulent story with a "clarification," ABC News has upgraded their contrition to a "serious error" and suspended the veteran reporter Brian Ross who wrote the story.

As a reminder, citing a single anonymous source, Ross told viewers during an ABC special report on Friday morning that Flynn was prepared to testify that Donald Trump, as a candidate for president, told him to contact Russians.

The left erupted in excitement…

But then, during Friday's edition of "World News Tonight," Ross corrected his report, telling viewers that the source who had provided the initial information for his story later told him that it was as president-elect, not as a candidate, that Trump asked Flynn to contact Russians.

The rest of the world then erupted over such an egregious error that confirmed every emotions-over-intelligence 'fake media' shot that Trump has ever sent.

The initial "clarification" has been upgraded to a "serious error" as ABC attempts to put this fire out.

ABC News statement:

We deeply regret and apologize for the serious error we made yesterday.

 

The reporting conveyed by Brian Ross during the special report had not been fully vetted through our editorial standards process.

 

As a result of our continued reporting over the next several hours ultimately we determined the information was wrong and we corrected the mistake on air and online.

 

It is vital we get the story right and retain the trust we have built with our audience –- these are our core principles.

 

We fell far short of that yesterday.

 

Effective immediately, Brian Ross will be suspended for four weeks without pay.

While it might be nice for Ross to have a month off over the Christmas holidays, many are asking for refunds in their brokerage accounts from the market's reaction to his "serious error."

Signs Of A Market Top? This Pole Dancing Instructor Is Now A Bitcoin Guru

Pole dancing instructor Dee Heath built a successful fitness business in western Sydney teaching “stripper fitness” classes that seem to be in vogue among millennial women.

But recently, Heath has discovered a new passion: Investing in digital currencies.

Heath has spent $5,800 on Bitcoin since July and has more than tripled her investment.

"Look, I love pole dancing but lately my passion has definitely been Bitcoin," she told SBS News.

Heath is spending less time on the pole and more time advising would-be bitcoin investors about navigating the world of digital currencies, even starting a website to explain the digital currency to novices.  

"It comes with any investing, it's volatile at times, especially cryptocurrencies," she said.

 

"The good thing is when it goes down, you can buy some more, and you know it's going to go up at some point."

Dee Heath

"As long as you're calm and you don't let emotions run you when you're dealing with any sort of cryptocurrency, particularly Bitcoin, then you're safe."

Still, there are plenty of skeptics in her native Australia, where digital currencies are still largely associated with the black-market economy thriving on the dark web.

"Australia in particular has been involved in buying and selling drugs on the dark web using cryptocurrencies," said Professor David Glance from the Centre for Software Practice at The University of Western Australia.

 

"Many are comparing the buzz around Bitcoin to tulip mania that hit the Netherlands in the 17th century."

Professor Glance said with such a volatile currency, investors should only buy what they can afford to lose.

But with the digital currency recently peaking above $11,000 – a valuation that represents a 950% return since the beginning of the year in US dollar terms – mom and pop investors who had previously never heard of bitcoin are trying to get a piece of the action. Recently, the CME Group and other exchanges around the world have launched – or announced they’re planning to launch – new bitcoin derivatives that will make it easier for institutional investors like hedge funds to play in that market. Though many new funds have been established already this year to get in on the action.

Earlier this week, pioneering cryptocurrency investor Mike Novogratz, whose digital-currency focused fund has recorded astronomical returns this year thanks to the performance of bitcoin, Ethereum and many other digital currency copycats. After accurately predicting that bitcoin would reach $10,000 this year, Novogratz now says he sees it going to $40,000 by the end of next year.

Other financial luminaries like Warren Buffett and – most famously – JP Morgan CEO Jamie Dimon have said they believe bitcoin is a bubble. Dimon famously opined that the digital currency could get somebody killed.

And while bitcoin has given investors no reason in recent months to believe the rally is slowing down, the idea that strippers are starting to pour their cash earnings into bitcoin is eerily reminiscent of a scene from the movie “The Big Short” where two of the film’s protagonists interview a stripper who took out subprime mortgages to buy nearly half a dozen properties.

Should investors pay attention to this “stripper indicator”?