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What is the most profitable movie ever?

January 22nd, 2020 at 12:41 pm » Comments Off

‘Avatar’? ‘Blair Witch Project’? ‘Star Wars’? The Hollywood Reporter crunches the numbers to see which film has earned the most hard cash. What’s Hollywood’s most profitable movie ever? The answer depends on how you define “profitable.” If you think of profit purely as a ratio of production cost to box office gross, 1999’s The Blair […]



Americans are flocking to these 10 cities where salaries have risen 25% or more in the last 5 years

January 21st, 2020 at 1:31 pm » Comments Off

In a world of stagnant wages and rising costs of living, moving to a place where you can grow your income feels like a solid bet. And many American cities offer just that. Financial advice website SmartAsset analyzed data for the 500 largest U.S. cities to determine the top “boomtowns” in the country. These areas […]



Davos 2020 : the World is drowning in debt

January 16th, 2020 at 1:11 pm » Comments Off

New York (CNN Business)The world’s already huge debt load smashed the record for the highest debt-to-GDP ratio before 2019 was even over. In fact, it broke that record in the first nine months of last year. Global debt, which comprises borrowings from households, governments and companies, grew by $9 trillion to nearly $253 trillion during […]



How real estate will radically change in the new decade

January 9th, 2020 at 12:06 pm » Comments Off

After a roaring decade, real estate is looking a lot less promising in the 2020s. A sense of gloom hangs in the air. “Bloodbath,” “free fall” and “slump” were just some of the choice idioms deployed by headline writers to describe the New York real estate market during the twilight of 2019. Across the pond, […]



Step-by-step guide to tokenizing real-world assets

January 6th, 2020 at 12:52 pm » Comments Off

 Recent estimates place the current value of all real-world assets at around $256 trillion globally. While that jaw-dropping number is fairly stable, all of these assets keep changing owners on a regular basis. Unfortunately, the processes used to trade these assets are completely outdated. Ownership over a vast majority of real-world assets is still signified […]



The coming boom in Millennial wealth

December 31st, 2019 at 12:41 pm » Comments Off

  Historically, much written on Millennials has focused on economic strife and crushing student loan debt. While, as with virtually every other generation in history, many Millennials have struggled financially during their youth, a new report from youth marketing experts YPulse makes four predictions that are suggestive of a significant turnaround being on the horizon. […]



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 […]



Startup plans to allow consumers to purchase homes without a mortgage. Innovative, or risky?

December 22nd, 2019 at 12:49 pm » Comments Off

Innovative, or risky? One new Los Angeles-based investor-backed startup is claiming it will get Americans into homes without requiring a mortgage. Fleq will launch next month in Pittsburgh, and instead of originating mortgages, its plan is to simply buy the home a purchaser wants and sell it back to them, bit by bit, in shares. […]



The retirement crisis is real and frightening, as these six charts show

December 17th, 2019 at 12:49 pm » Comments Off

An uncertain retirement may be lurking just over that ridge.(Dennis Curran) Is the “retirement crisis” just a scare story? That’s what conservatives would like you to believe as they rail against proposals from progressives in Congress to expand and increase Social Security. Andrew Biggs, a former Social Security official, wrote recently in the conservative National […]



The great American tax haven: why the super-rich love South Dakota

November 24th, 2019 at 12:20 pm » Comments Off

Late last year, as the Chinese government prepared to enact tough new tax rules, the billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota, one of the least populated and least known states in the US. Sioux […]



$69 trillion of world debt in one infographic

November 23rd, 2019 at 1:13 pm » Comments Off

Two decades ago, total government debt was estimated to sit at $20 trillion. Since then, according to the latest figures by the IMF, the number has ballooned to $69.3 trillion with a debt to GDP ratio of 82% — the highest totals in human history. Which countries owe the most money, and how do these […]



The invisible company powers almost the entire finance industry

November 21st, 2019 at 2:50 pm » Comments Off

  The days of going to a bank are coming to an end. In the past 10 years, 15,000 bank branches have shut their doors for good. And foot traffic to banks has fallen by 50%. Bank branches are shutting down left and right for a simple reason… They’re useless! These days, you can deposit […]



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