The United States currently faces a near $17 trillion national debt and its annual debt payments are close to half a trillion dollars. It is projected that if interest rates remain the same then the debt will skyrocket to $1.1 trillion in 10 years. Interest rates are expected to rise, … [Read more...]
California Governor Jerry Brown “legalizes” alternative currencies like bitcoin
Soon after California lawmakers passed legislation that would update present day currency laws and eliminate bans on alternative currencies, Democratic Governor Jerry Brown signed the bill into law that would see digital currencies, such as bitcoin and litecoin, legalized. The … [Read more...]
Bipartisan report claims climate change will cost U.S. billions of dollars a year
A new report entitled "Risky Business" authored by a bipartisan group commissioned by New York City Mayor Michael Bloomberg, former Secretary of the Treasury and Goldman Sachs alum Henry Paulson, and environmentalist and financier Tom Steyer claims climate change will cost the United … [Read more...]
Nearly half of Canadian baby boomers fear outliving retirement savings
It’s no secret that we’re all living longer than previous generations. With advancements in healthcare technology, consumer awareness when it comes to the food we eat and more people quitting smoking, a growing number of seniors are living well into their 70s and 80s. This is … [Read more...]
Staying with your current employer could cost you big time
In today’s intense labor market, there are various kinds of workers: the long-term unemployed, workers who have left the labor force, individuals that want more from the company they work for and those who are extending their years on the job because they were financially wiped out … [Read more...]
German gold reserve will remain in U.S after positive audit
Last year, Germany blew up headlines when its central bank – the Bundesbank – announced that it was planning to repatriate its gold from the United States Federal Reserve, the Bank of England and the Banque de France. The Bundesbank owns nearly $200 billion worth of gold, but only a … [Read more...]
Intuit will accept bitcoin payment for their cloud-based finance software
Intuit is a United States-based software company that establishes financial and tax software for individuals, companies and accountants. It has released a number of products over the years, including the ultra successful cloud-based QuickBooks Online financial management … [Read more...]
Bulgarian bank First Investment Bank (FIBank) hit by second bank run in one week
A Bulgarian financial institution has been hit by a second run in one week alone. his has prompted banking authorities to issue a statement that would calm the nerves of depositors, who fear their money is in trouble amid reports that the financial system is in disarray. The bank … [Read more...]
Americans spent $185 billion on ‘obli-cation’ trips over past year
Whether we like to not, many of us are compelled to take family vacations for things like weddings, family reunions or invites from friends to experience their new cottage. In today’s economy, this is something that is very difficult to afford and new data says it’s taking a … [Read more...]
Retailers will need to focus on customer service to keep the lights on
The state of the big-box store is constantly changing. Rather than buying a product at the retail price, consumers are shopping around online and getting better deals. In fact, a growing number of consumers are participating in something called "showrooming," a trend whereby customers … [Read more...]
Western Union will consider using bitcoin only if it’s regulated
Western Union has been a part of the United States landscape since 1851. From telegraphs to money transfers, Western Union has remained a successful brand and appears to adopt any latest form of technology. This is why many bitcoin enthusiasts are waiting for the announcement any … [Read more...]
38th director of U.S. Mint to keynote bitcoin conference in Raleigh
It’s not very often that a government official, either past or present, immerses himself into the world of peer-to-peer decentralized virtual currencies. Most civil servants have the mindset that bitcoins, litecoin and other digital currencies will pose a threat to the status quo … [Read more...]
Don’t be shocked when your healthcare costs increase by 6.8 percent this year
In recent years, healthcare spending had slightly slowed down because of the recession, which caused consumers to become more cost conscious and to spend less on their medical needs. The Obama administration had attributed this healthcare spending reduction to the Affordable Care Act … [Read more...]
California lawmakers pass bill to modernize currency laws, help bitcoin consumers
In the United States, there are some states that are open to the cryptocurrency industry, while other states are attempting to make it difficult for anyone who is interested in getting involved in virtual currencies. One might consider the state of California as a place where … [Read more...]
White House says economy would improve if workplace was family-friendly
The United States labor force participation rate stands at a 36-year low as the Bureau of Labor Statistics (BLS) reported it to be 62.8 percent, down from 63.2 percent in the month of March. The figures could get worse as more Americans give up looking for work, while the number of … [Read more...]
Canada implements first official law regulating bitcoin, virtual currencies
Canada has followed the route of many other Western nations in outlining the potential risks and threats to the financial system posed by the peer-to-peer decentralized virtual currency bitcoin. In order to circumvent any dangers by the cryptocurrency market, the Great White North … [Read more...]
Water prices set to spike as two-thirds of water utilities face revenue shortfall
When owning a home or a business, there are many monthly costs that have to be paid and vary each month, such as electricity, heat and water. This has deterred many people from entering the housing market or heading into entrepreneurship. A new report may discourage even more … [Read more...]
Statistics Canada report finds Canadians are richer than ever before
The overall Canadian economy has been in a quandary: it missed out on the significant impacts of the Great Recession, but household debt levels and its housing market have become major concerns for public officials at all three levels of government. According to a new report from … [Read more...]
Bolivian central bank reportedly prohibits bitcoin, other digital currencies
Local news reports are informing the general public that Bolivia’s central bank – El Banco Central de Bolivia – has officially announced that it has banned any currency or coins that are not regulated by the government. This includes bitcoin as well as several other virtual … [Read more...]
One-quarter of mergers and acquisitions (M&A) deals may have involved insider trading
The mergers and acquisitions (M&A) market is a vast one. It consists of lucrative contracts, enormous fees charged by all the parties involved and it can either help or hurt the value of a stock. For the average person, they’re indifferent to these business deals, but they’re … [Read more...]
