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Germany is beginning a universal-basic-income trial with people getting $1,400 a month for 3 years

August 24th, 2020 at 11:24 am » Comments Off

Starting this week, 120 Germans will receive a form of universal basic income every month for three years. The volunteers will get monthly payments of €1,200, or about $1,400, as part of a study testing a universal basic income. The study will compare the experiences of the 120 volunteers with 1,380 people who do not […]



Coronavirus has turned America into a nation of savers. But how long will it last?

July 8th, 2020 at 3:16 pm » Comments Off

With a busy life in Los Angeles, Anna McKitrick has trouble saving. The 25-year-old waitress and aspiring actress estimates she spends $200 a month on coffee, snacks, on-the-go meals, and other purchases she could live without. Now thanks to the coronavirus, McKitrick is stuck in her childhood home in New Jersey, living rent-free for the […]



Chime is piloting instant stimulus check disbursals

April 25th, 2020 at 12:46 pm » Comments Off

US neobank Chime is running a pilot in which it gives customers their $1,200 federal stimulus checks before the government begins disbursing the payments, CNBC reports. The neobank selected 1,000 customers who received their payments instantly on Thursday through Chime’s SpotMe feature, which usually acts as an overdraft protection feature, allowing customers to go negative […]



Financial hits pile up for colleges as some fight to survive

April 25th, 2020 at 12:40 pm » Comments Off

Colleges across the nation are scrambling to close deep budget holes and some have been pushed to the brink of collapse after the coronavirus outbreak triggered financial losses that could total more than $100 million at some institutions. Scores of colleges say they’re taking heavy hits as they refund money to students for housing, dining […]



How An Unlimited Supply Of Borrowed Cash Is Destroying Higher Education

December 31st, 2019 at 12:37 pm » Comments Off

Both of us grew up poor. College was our way out of poverty. Now, we see too many young people locked into poverty by a college education. “You have to go to college” was an article of faith when we were growing up in poor families. Now we wonder if our ticket out of poverty […]



A sobering 62% of U.S. financial-services entities have been breached, Thales says

December 15th, 2019 at 12:09 pm » Comments Off

Despite 96% of U.S. financial-services organizations considering their technology security as adequate, 62% of those responding to a Thales survey said they experienced a breach. That’s according to the recently released 2019 Thales Data Threat Report. Commissioned by Thales, the survey of 1,200 information technology and data security professionals and the ensuing report was conducted […]



Why no one wants to be an MBA anymore

October 30th, 2019 at 11:06 am » Comments Off

   A recent Wall Street Journal article focused on the steep decline in elite MBA program applications. In an era of an increasing divide between the economic haves and have nots, you’d think that the vaunted Masters in Business Administration degree would be valued more than ever. After all, with the recent boom in the […]



How to start a business with no money

July 31st, 2019 at 12:12 pm » Comments Off

Startup advice can be seductive. From motivational quotes to magazine profiles, there’s a persistent narrative that if you follow your passion, log 80 hours a week, and “hustle hard,” you’ll create the next Amazon or Airbnb. It is possible. We all know that hard work can produce incredible results. But the prevailing rise-and-grind mythology often […]



This map shows Americans’ average credit score in every state

June 1st, 2019 at 3:58 pm » Comments Off

An aerial view of the downtown Minneapolis skyline and Loring Park. Minnesota residents can brag about more than their 10,000 lakes — they typically have the country’s best credit scores too. As in previous years, the midwestern state has America’s highest average credit score, according to Experian. Those living in Minnesota have an average score […]



How Incubators are Shaping the Indian landscape

April 30th, 2019 at 11:18 am » Comments Off

According to the NASSCOM India Startup Ecosystem report, India has retained its position as the third largest Startup Ecosystem in the world. More than 1,200 startups came up in 2018, including eight unicorns, taking the total number to 7,200 startups, NASSCOM reported. Considering the scale of the Indian market, even average startups can find a […]



Banking’s worst nightmare is here

January 21st, 2019 at 12:14 pm » Comments Off

We’ve seen enough. We’re going BIG on the death of big banking. If you’ve ever had to spend time at a bank opening a simple checking account, or even worse—closing a bank account—you won’t be surprised to hear that Americans are abandoning traditional branch banking by the millions. Even bank executives concede the massive shift […]



Bird is the fastest startup ever to reach a $1 billion valuation

August 15th, 2018 at 9:10 am » Comments Off

Electric scooter startup Bird is the fastest company to reach a valuation of $1 billion. Bird, one of many scooter startups currently sweeping the US, was last valued at $400 million after closing $100 million in series B funding in early March. In late May, Bird was reported to be raising $150 million in series […]



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