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Islamic State of Iraq and the Levant mint their own ‘Islamic Dinar’ coins

June 25th, 2015 at 10:24 am » Comments Off

Syrian activist group claims that the Islamic State of Iraq and the Levant (Isil) have begun minting their own “Islamic dinar” coins. Pictures posted on social media showed a series of gold sovereigns bearing Isil inscriptions, and with a reported value of one gold dinar being with $139 (£89).

Only 3% of Americans are legally allowed to invest in startups

June 23rd, 2015 at 9:42 pm » Comments Off

All of the venture capitalists that are worth more than $1 billion are all men. Most of these men have invested in Groupon, LinkedIn, Skype, YouTube, Paypal, Facebook and others. Chances are, you are legally barred from joining their exclusive investors’ club.

Silicon Valley and Wall Street converging for a new gold rush called Bitcoin

June 22nd, 2015 at 2:17 pm » Comments Off

 What do you think of Bitcoin?  My answer is usually the same:  ”It’s intellectually interesting, but not really practical.”  

Finland’s new government commits to Basic Income experiment

June 16th, 2015 at 12:34 pm » Comments Off

The new government in Finland has committed to a Basic Income experiment as part of its program for government which was published in May. The commitment consists of one line: ‘Implement a Basic Income experiment’, in the ‘Health and Welfare’ section of the program.  

The end of the big banks is coming

June 12th, 2015 at 5:14 pm » Comments Off

In the near future, banks will no longer be on street corners or housed in high-rise towers, they will be in our pockets or on our wrists.  

Will there be an Instagram or Uber of finance?

June 10th, 2015 at 11:58 am » Comments Off

Many industries will undergo big change in the coming years, including finance.  We will probably see a fraction of the old guard displaced by energetic new upstarts.  But which ones?  

Facebook banking

May 28th, 2015 at 12:57 pm » Comments Off

Money, one of the most fundamental mediums that touch every person on the planet, is being changed by technology.  The demand for a globally accepted digital currency has been shown by the rise of Bitcoin.  

Science says you should spend money on experiences, not things

May 13th, 2015 at 9:16 pm » Comments Off

Money can make you happier, but after you basic needs are met, it really doesn’t make you much more happier.  One of the the biggest questions then is how do we allocate our money, which is (for most of us) a limited resource.  

Income gap between bosses and workers getting bigger

March 23rd, 2015 at 6:50 pm » Comments Off

With the size of Wall Street bonuses commonly being compared against the median household income, income inequality has quickly become a hot-button political issue in the United States.  

Luxury toilet paper on the rise

March 23rd, 2015 at 6:42 pm » Comments Off

Luxury toilet paper is America’s new favorite way to flush money down the drain.