Archive for the 'Economy' Category
Argentina: Peso Collapses
January 25th, 2014Via: Bloomberg: Argentina scrapped some of its currency controls a day after devaluing the peso as policy makers sought to stem a financial crisis and restore investor confidence by reversing measures that drove foreign reserves to a seven-year low. Bonds fell and the cost to insure the South American nation’s debt against default soared to […]
HSBC Imposes Restrictions on ‘Large’ Cash Withdrawals
January 25th, 2014Via: BBC: Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. Listeners have told Radio 4’s Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000. HSBC admitted it has not informed customers of […]
Success of “The Wolf of Wall Street” a Sell Indicator?
January 24th, 2014Via: CNBC: Could the success of “The Wolf of Wall Street” signal that the market is near a top? Carter Worth, chief market technician at Oppenheimer, argues that the Oscar-nominated movie should indeed give bulls pause. After all, he said, interest in the film shows that interest in the market has gone mainstream—an observation bolstered […]
Covert Action in Colombia
January 24th, 2014Via: Washington Post: The 50-year-old Revolutionary Armed Forces of Colombia (FARC), once considered the best-funded insurgency in the world, is at its smallest and most vulnerable state in decades, due in part to a CIA covert action program that has helped Colombian forces kill at least two dozen rebel leaders, according to interviews with more […]
Utah Is Ending Homelessness by Giving People Homes
January 22nd, 2014Via: Nation of Change: In eight years, Utah has quietly reduced homelessness by 78 percent, and is on track to end homelessness by 2015. How did Utah accomplish this? Simple. Utah solved homelessness by giving people homes. In 2005, Utah figured out that the annual cost of E.R. visits and jail says for homeless people […]
Army Studying Replacing Thousands of Grunts with Robots
January 21st, 2014Via: Military Times: During remarks at the Army Aviation Symposium in Arlington, Va., on Jan. 15, Cone quietly dropped a bomb. The Army, he said, is considering the feasibility of shrinking the size of the brigade combat team from about 4,000 soldiers to 3,000 over the coming years, and replacing the lost soldiers with robots […]
Walden on Wheels: On the Open Road from Debt to Freedom
January 21st, 2014A buddy of mine did damn near the same thing, except he slept in his lab at the university, as well as his vehicle. He had a Toyota pickup with a shell on the back. This was at a university with a very heavy cop presence. They would have definitely busted someone in a van. […]
Britain: 26% of Young Adults Live with Parents
January 21st, 2014Via: BBC: A quarter of young people in the UK now live with their parents, official figures show. The Office for National Statistics (ONS) said more than 3.3 million adults between the ages of 20 and 34 were living with parents in 2013, 26% of that age group.
World’s 85 Richest People Have as Much Wealth as Poorest 3.5 Billion
January 21st, 2014Via: Independent: The 85 richest people on the planet have accumulated as much wealth between them as half of the world’s population, political and financial leaders have been warned ahead of their annual gathering in the Swiss resort of Davos. The tiny elite of multibillionaires, who could fit into a double-decker bus, have piled up […]
47% Of Today’s Jobs Automated In Next Two Decades, “No Country Is Ready For It”
January 20th, 2014What’s the solution, according to the The Economist? Online classes and video games! Via: The Economist: Today’s governments would do well to start making the changes needed before their people get angry.
