Oct 09 IMF projects slowed growth for global economy photo by International Monetary Fund/Flickr Creative Commons The International Monetary Fund's latest projections for the global economy expects a 2.9 percent growth this year, a drop from the 3.2 percent the organization estimated in July. The 2014… Continue reading
Oct 09 Japan and China have 2.4 trillion reasons to be worried about the debt ceiling debate Together, China and Japan hold more than $2.4 trillion in U.S. debt--easily the largest credit card bill in world history (and second only to the debt obligations held by the Federal Reserve). And the two nations want to… Continue reading
Oct 09 The mathematician's defense of Bitcoin: It's just another option Our Making Sen$e broadcast on the rise of Bitcoin didn't have time to explore every angle. In this transcript of our conversation with Bitcoin Education Project's Charles Hoskinson, he explains why Bitcoin is just another, albeit special, payment option. Continue reading
Oct 09 The Mathematician's Defense of Bitcoin: It's Just Another Option Making Sen$e recently examined Bitcoin and the rise of its mainstream appeal. Paul Solman: A fascinating thread of critical comments in response to our Bitcoin story last week prompts this and a series of follow-up posts, including several… Continue reading
Oct 08 #YellenIsIn BREAKING: Obama to nominate Fed Vice Chair Janet Yellen to replace Bernanke as chairman of central bank.— The Associated Press (@AP) October 8, 2013… Continue reading
Oct 08 European lawmakers vote to ban additives in cigarettes, require larger warning labels Photo by Ed Jones/AFP/Getty Images The European parliament voted Tuesday to ban most additives and flavorings used in cigarettes and to require warning labels to cover 65 percent of surface packaging, up from 40 percent. This decision is hitting… Continue reading
Oct 08 New $100 bills are here The look of the 'Benjamins' in your wallet have finally gotten their long-planned makeover. A redesigned $100 bill featuring founding father Benjamin Franklin enters circulation today with new features designed to deter counterfeiters, all after an almost two-year delay. Continue reading
Oct 08 America's children are the silent victims of the Great Recession By Miles Corak The recession has impacted children for the longterm in ways that money can't count, even increasing their likelihood of being physically abused. Photo courtesy of Mario Tama/Getty Images. Continue reading
Oct 08 America's Children Are the Silent Victims of the Great Recession By Miles Corak The recession has had a negative effect on children's well-being, even increasing their likelihood of being physically abused. Photo courtesy of Mario Tama/Getty Images. Editor's Note: As "The Great Gatsby" lit up silver screens this summer, Miles Corak, professor… Continue reading
Oct 07 Debt limit overtaking shutdown as U.S. crisis focus WASHINGTON -- A market-rattling federal default loomed and the partial government shutdown lingered on Monday, but a gridlocked Congress betrayed little or no urgency toward resolving either of the nation's most challenging short-term economic disputes. Stocks got a case of… Continue reading