For more than a year now, it has been rumored that Amazon was in the midst of developing a high-end, 3D smartphone that does not require the user to wear glasses. Sources close to the situation told the Wall Street Journal last summer that the mobile device would have retina-tracking … [Read more...]
LOL: Rogue Greenpeace employee loses $5.2 million on foreign exchange bet
Greenpeace International, a global environmental awareness organization, apologized to its contributors in an issued statement after it had lost more than $5 million in foreign currency exchange contracts. The group confirmed that it had acquired foreign currency at a fixed … [Read more...]
U.S. consumer prices rise due to food and transportation costs
Despite the various statements made by economists and Federal Reserve officials who say there is no inflation, the Department of Labor confirmed that United States consumer prices increased last month by the largest amount in more than a year. The biggest inflation jump occurred … [Read more...]
Japan’s ruling party foregoes bitcoin regulation, urges self-regulatory measures
After the collapse of one of the biggest bitcoin exchange websites, Mt. Gox, there were numerous calls for the Japanese government to install regulations and to become an active participant in ensuring consumers are protected. Although the government has investigated the matter, the … [Read more...]
TigerDirect expands its bitcoin payment acceptance in Canada
Earlier this year, TigerDirect garnered headlines when it announced that it would become one of the major electronics retailers to accept the peer-to-peer decentralized virtual currency bitcoin. The adoption of bitcoin has been a success – it has reported bitcoin sales of $1 million – … [Read more...]
Survey finds nearly three-quarters of Americans never heard of Internet of Things
The Internet of Things (IoT) is a scenario that will likely become a ubiquitous, everyday experience in the near future. This is a situation where people, animals or objects are given unique identifiers and the function of immediately transferring data over a network without needing … [Read more...]
Ban on plastic microbeads from facial scrubs may hurt business but improve environment
This week, the state of Illinois became the first jurisdiction in the world to ban plastic microbeads from personal care products (PDF). Moving forward, companies are prohibited from selling body scrubs and facial exfoliators that consist of the plastic spheres. Environmentalists are … [Read more...]
Charitable donations hits new record of $335.17 billion in 2013
As the United States economy slightly improves and disposable income of millions of households rises, more individuals and families are giving money away to charitable organizations and non-profit entities. New numbers show that charitable giving is increasing again. An annual … [Read more...]
Report: Bitcoin investments this year outpacing Internet from 1995
The peer-to-peer decentralized digital currency bitcoin market is a behemoth. Each day, there are new announcements of bitcoin projects, companies adopting the virtual currency as a method of payment and bitcoin financial products hitting Wall Street. Venture capitalists are intrigued … [Read more...]
Peter Schiff suggests investors should avoid U.S. financial markets
The United States economy is in a quagmire at this point and time. The stock market is up, the consumer is consuming again and some statistics suggest things are getting better. However, there are other data points that highlight how the labor market is in a crisis, the overall cost … [Read more...]
Brooklyn Holiday Inn accepting bitcoin according to Charlie Shrem
Not all of its locations, but the global hotel chain Holiday Inn will launch a pilot bitcoin program at its Brooklyn, New York venue. The announcement was made by Charlie Shrem, a founding member of the Bitcoin Foundation and facing indictment charges relating to Silk Road, at the … [Read more...]
Yukon gold mine selling for $2 million in bitcoin
In recent years, those affiliated with the anti-government, anti-Federal Reserve and anti-fiat money crowd have turned to the peer-to-peer decentralized virtual currency bitcoin. For years, individuals and investors that were concerned with debt, deficits and a weak dollar turned to … [Read more...]
Yahoo! Finance adds bitcoin quotes, headlines to market data
Bitcoin is here to stay, and it appears that business news publications and search engines are taking notice. Whether or not bitcoin survives as a virtual currency or as a revolutionary technology remains to be seen, but the major facet is that the digital currency will likely stay … [Read more...]
Smartphones are the biggest productivity killers in the office
Have you ever wondered what kills productivity in millions of offices across the United States? Let’s face it: many of us don’t want to be at the office so we employ various devices to pass the time. In a way, as one expert explained it, data shows that the labor force looks like it’s … [Read more...]
Report finds regulation compliance costs businesses $1.86 trillion
Over the past several years, think-tanks and market-related organizations have released reports that have given the United States low grades when it comes to red tape, bureaucracy and the cost of complying with regulations. Following each session of Congress, Republicans and Democrats … [Read more...]
Kentucky Senator Rand Paul working on a corporate tax holiday proposal
Last month, it was reported that 300 American Fortune 500 corporations, such as Apple, Google and Microsoft, are holding approximately $2 trillion offshore and are avoiding paying more than half a billion dollars in United States taxes. Officials say if that money was brought home … [Read more...]
Expedia embraces bitcoin as customers can book hotels with digital currency
Expedia, the online travel website company, announced Wednesday in a news release that it will be expanding its payment options for customers. This means that users who wish to book a hotel room for their next vacation or business trip can do so using bitcoins. Expedia will become the … [Read more...]
Traffic may worsen amid economic growth: report
The morning and afternoon commutes are a hellacious experience to the average driver: gas, brake, honk and frustration are the common themes between 6 a.m. and 10 a.m. and 5 p.m. and 7 p.m. If you thought the commuting experience would improve then you might be in for some … [Read more...]
Research shows U.S. pensions will be ‘cash negative’ by 2016
For decades, the United States was the beacon for retirement pension plans, whether they were at the public or private level. Workers and retirees would be content that the money they invested in the system would be there for their retirement years and each person would receive a … [Read more...]
Steve Forbes says U.S. will return to a gold standard
The United States hasn't been affiliated with a gold standard since the administration of President Richard Nixon in 1971. Known as the Nixon Shock, in which the president imposed a series of damaging economic policies, like price and wage controls, the resigning Commander in Chief … [Read more...]
