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This is a marketing expense for the companies that participate, he said, as "we're not doing this as philanthropy. One of the questions I often get is, why are we gifting people who are rich and famous? Well, a gift doesn't have anything to do with a person's means or their bank account. And it's not exactly free, because the brands get to leverage the celebrities' names." Catherine Garcia Haley Byrd (@byrdinator) March 1, 2017 These weren't just any off-the-shelf black slippers, though. As The Huffington Post's Christina Wilkie notes, they have the Commerce Department logo emblazoned on the top pretty impressive, given that he wasn't confirmed until Monday night and they appear to be quite costly: Commerce Sec. Wilbur Ross wore $600 slippers by Palm Beach @Stubbs_Wootton , with a custom Commerce Dept logo, to Trumps speech tonight. pic.twitter.com/Be0apnEUkx Christina Wilkie (@christinawilkie) March 1, 2017 Slippers aren't necessarily inappropriate footwear for a speech that ended after 10 p.m., it should be noted, especially if you've been eligible for Medicare for 14 years. Peter Weber Stephen Brashear/Getty Images Following pressure from the Pentagon and State Department, President Trump's next executive order on immigration will take Iraq off the list of countries whose citizens are temporarily barred from entering the United States, several U.S. officials told The Associated Press.
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The current high is being attributed to surging demand in China, where authorities warn it is used to channel money out of the country. The past months' surge is a major reversal for Bitcoin, which plummeted in value in 2014 after the largest exchange collapsed. The value of Bitcoin has been volatile since it was first launched in 2009, and many experts have questioned whether the crypto-currency will last. Earlier this year, Chinese authorities cracked down on Bitcoin trading in an attempt to stop money flowing out of the country illegally. But the closer scrutiny from Beijing only briefly sent the currency lower. After it had soared to record highs in January , it has since picked its steady rise in value. How กระเป๋าสตางค์ผู้หญิง Bitcoin works Bitcoin is often referred to as a new kind of currency . Yet like all currencies its value is determined by how much people are willing to exchange it for. To process Bitcoin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution. Image copyright Eyewire Image caption Verifying bitcoin transactions takes a lot of computer power For each problem solved, one block of Bitcoins is processed. In addition the miner is rewarded with new Bitcoins.