Are Moscow and Havana becoming strong allies again? It does indeed appear so. Russia has officially eliminated approximately $32 billion of Cuba’s outstanding debt, which dates back decades ago when the country received it from the Soviet Union. Cuba will still be required to pay … [Read more...]
Dogs are no long “just pets”, insurers cash in on pet insurance
If you have ever owned a pet then you will understand first-hand the costs that are associated with taking your dog and/or cat to the veterinarian. The costs have become so enormous that families can spend up to $200 on a checkup and $600 for a simple teeth cleaning. In order to tap … [Read more...]
New virtual currency INNCoin is backed by gold and ready to take down bitcoin
Libertarian critics of bitcoin have often stated that the reason why peer-to-peer decentralized virtual currencies do not work is because they are not backed by anything tangible, like gold or silver. Instead, bitcoins and litecoins, peercoins and dogecoins, are only supported by a … [Read more...]
Grover Norquist calls Internet taxes an ‘awful idea’
Washington lawmakers are now debating two sets of legislation: one bill would renew the Internet sales tax initiative that politicians have been attempting to pass for nearly two years now, while the other bill would prohibit state and local governments from charging an Internet … [Read more...]
June Scorecard: U.S. home sales soar 18.6%, real estate experts fear growing bubble
The overall United States housing market appears to be rebounding from its historical collapse a few years ago, but some real estate and financial experts say that it’s simply roaring back up into a bubble akin to the subprime meltdown. The administration, meanwhile, points to its … [Read more...]
ING economist urges bitcoin protocol to include central bank elements
Bitcoins and other peer-to-peer virtual currencies are popular due to a lack of a central power. Over the years, a large amount of people have become discontent with the destructive policies of central banks that have hurt national currencies and the overall economy. This is why … [Read more...]
World Gold Council thinks now is ‘prime opportunity’ to buy gold: mid-year report
Throughout late last year and earlier this year, numerous financial institutions and market analysts forecast gold to significantly dip to anywhere from $900 to $1,100. For instance, Goldman Sachs projected the yellow metal to drop to $1,050 an ounce because the United States economy … [Read more...]
BMW plans to recall 1.6 million cars globally amid airbag worries
BMW is scheduled to become the latest automaker to perform a series of recalls internationally. The German vehicle manufacturer issued a statement Wednesday in which it announced that it plans to recall approximately 1.6 million automobiles worldwide in order to replace passenger-side … [Read more...]
LinkedIn co-founder Reid Hoffman declares bitcoin as part of his investment plan
Speaking in an interview with CNBC on Monday, Reid Hoffman, co-founder of LinkedIn and an early investor of Facebook, stated that the peer-to-peer decentralized digital currency bitcoin is a part of his five-year investment plan, an enthusiastic investment endorsement for the virtual … [Read more...]
German government turning to typewriter for protection from NSA
It’s likely that anyone born in the 1980s has probably never used a typewriter before. Prior to personal computers and word processing programs, the typewriter was the device to use for any type of writing task, though there are still remote parts of the world that use the typewriter. … [Read more...]
YouTube mulling spending millions in Hollywood for premium content
Since launching nearly a decade ago, YouTube has gone through a series of modifications. One change that is being considered is to potentially partner with Hollywood and independent producers and fund premium content to be featured front and center on the video-sharing website, … [Read more...]
36 percent of licensed drivers in grades 10 to 12 admitted to texting while driving
No matter how many laws are enforced, no matter how many public service announcements are put on television or on YouTube, no matter how many deaths transpire, texting while driving is still a common thing for motorists to do, whether they’re driving on the highway or at a standstill … [Read more...]
Economists slash growth rates, don’t expect U.S. recession
The United States economy is in a quandary right now: companies are hiring but they are part-time, service sector jobs; the stock market is roaring but possibly due to the Federal Reserve inducing bubbles; consumers are borrowing again but debt levels are at or near all-time highs. … [Read more...]
France to mandate identity verification for bitcoin account holders
Since the cryptocurrency industry rose to prominence last year, governments have wanted to gain a sense of control over virtual currencies. Well, now governments and law enforcement agencies may possibly have done so. The latest trend among governments around the world is for … [Read more...]
Argentina mandates financial institutions to report virtual currency transactions
Argentina is in economic disarray: record-high inflation numbers, a potential default on its national debt and a significant percentage of the population impoverished. With the central bank printing vast sums of money, the value of its peso has deteriorated, which has led citizens to … [Read more...]
Post-retirement finances need to be discussed between parents, kids: experts
A swarm of Baby Boomers are on the verge of exiting the labor force and hitting retirement. Although the financial collapse hurt millions of overburdened Baby Boomers, many are still expected to retire and do what they want in their free time. However, there doesn't seem to be any … [Read more...]
Teens who work low paying ‘McJobs’ do better later in life
It’s the summertime, but living may not be that easy for teenagers who decided to take on part-time jobs in July and August, and perhaps even during the school months. However, findings from a new study suggest that 15-year-olds who work at so-called "McJobs" will perform better later … [Read more...]
Polish deputy finance minister calls bitcoin a financial instrument
Poland has become the unlikeliest of all places to be one of the central hubs for bitcoin. This year, for instance, Poland was the first country in Europe to gain a bitcoin embassy. Meanwhile, officials are lukewarm to the rise of peer-to-peer decentralized virtual currencies, … [Read more...]
Sunshine days: Florida adds 22,260 private sector jobs in June
One week after it was announced that the United States economy added 288,000 jobs in the month of June, which pleased economic analysts and market watchers, the state of Florida was lauded for being one of the leaders in job growth, according to a new report released by ADP and … [Read more...]
Larry Summers says technology revolution will hurt job growth
Advancements in technology and automation in the workforce has transformed the labor market and economy; some say for the better, some say for the worse. Since the time of the Industrial Revolution, machine has assisted workers in many ways and has improved the productivity levels of … [Read more...]
