Economics And Finance
A Retirement Wealth Gap Adds A New Indignity To Old Age (#GotBitcoin?)
Many middle-class Americans are financially unprepared for retirement—and that is leading to an array of social tensions. A Retirement Wealth Gap Adds A New Indignity To Old Age Oakmont residents play pickleball—a game that’s like a gentler version of tennis, played with a paddle and a plastic ball with holes on…
Western Union Makes Digital Push Amid Fierce Competition for Money Transfers (#GotBitcoin?)
The company is looking to expand digital services to 200 countries. Western Union Makes Digital Push Amid Fierce Competition for Money Transfers (#GotBitcoin?) Western Union Co. is aggressively expanding its digital services as the money-transfer giant tries to keep pace with competitors vying for international transfers. Western Union Makes Digital Push…
Farmers Say Aid Won’t Cover Tariff And Recession Damage (#GotBitcoin?)
USDA has begun making payments to farmers affected by trade conflicts. Farmers Say Aid Won’t Cover Tariff And Recession Damage (#GotBitcoin?) The Trump administration has started compensating U.S. farmers for damage tariffs are doing to their business. Many farmers say the payments won’t make up for lost sales to China…
Used-Car And Motorcycle Sales Boom, New Vehicles Get Too Pricey For Many
Price gap between new and preowned cars has widened to a near decade high. Used-Car And Motorcycle Sales Boom, New Vehicles Get Too Pricey For Many The gap between the price of a new and used vehicle is as wide as it has been in years, pushing an increasing number…
Workers Strike Demanding Better Pay And Benefits While Corporations Use Excess Cash To Buy-Back Company Stock (#GotBitcoin?)
The strengthening economy and tight labor market are giving workers more confidence to demand employer concessions through strikes. Workers Strike Demanding Better Pay And Benefits While Corporations Use Excess Cash To Buy-Back Company Stock In recent weeks, unionized hotel housekeepers in Chicago, distillery workers in Kentucky and crane operators in Seattle…
Hedge Funds Investing Billions In Crypto (#GotBitcoin)
Billionaire investor Steven Cohen, once dubbed the "Hedge Fund King," has reportedly entered the crypto space. Hedge Funds Investing Billions In Crypto (#GotBitcoin) According to a Fortune article published July 12, Cohen has invested in cryptocurrency-focused hedge fund Autonomous Partners through his VC firm Cohen Private Ventures. Autonomous Partners was…
Ultimate Resource For Money Laundering, Spoofing, Market-Rigging, Etc. In Banking Industry (#GotBitcoin)
Bank of America To Pay $30 Million In Benchmark-Manipulation Settlement. Ultimate Resource For Money Laundering, Spoofing, Market-Rigging, Etc. In Banking Industry (#GotBitcoin) The bank was accused of trying to help its own derivatives positions. Bank of America Corp. will pay $30 million as part of a settlement with the…
Social Security Fixes That Would Help Widows, The Oldest Old, And Low Earners (#GotBitcoin?)
Will We See Them Implemented? We all know the Social Security system needs reforming to keep it solvent so Americans will continue receiving their promised benefits. But Social Security also could be improved to better assist the economically vulnerable. Social Security Fixes That Would Help Widows, The Oldest Old, And Low…
IT’S THE ECONOMY STUPID: EPISODE#24 (#GOTBITCOIN?)
Federal Reserve Considers a New Tool to Avert Crises Some officials favor demanding banks stock up on capital while the economy is strong. IT’S THE ECONOMY STUPID: EPISODE#24 A decade after a financial crisis that paralyzed the global economy, Federal Reserve officials are debating how to apply one of the central…
Banks’ Sharing Of Financial Crime Data Raises Questions On Ethics (#GotBitcoin?)
Banks, regulators and law-enforcement agencies are sharing more intelligence through voluntary networks to deter money laundering and terrorism financing. As the practice spreads, so do the risks of data mishandling, observers said. Banks’ Sharing Of Financial Crime Data Raises Questions On Ethics Information-sharing partnerships are sprouting across the global financial landscape.…
The Government May Want To Buy Your Dying Mall (#GotBitcoin?)
Local governments worry that dying malls will blight the landscape, so they are buying them up. The Government May Want To Buy Your Dying Mall Local governments across the U.S. are taking over dying shopping malls. These municipalities, concerned that vacated retail centers will blight the landscape and drag down surrounding…
You’ve Become A Nation of Cheapskates (#GotBitcoin?)
Revolutionary tech brings amazing prices—but something feels wrong. You've Become A Nation of Cheapskates From New York to San Francisco, lunch prices are starting to get ridiculous. Most days you cruise past $13 salads and $14 ramen before landing at a Chick Fil-a or Chipotle. For example, there’s a company called…