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Tag: Currency

Stephen Colbert: If We Put a Woman on the Dollar Bill, It’ll Be Worth Only 77 Cents

“The Colbert Report” is on a summer break, but here’s a great clip you may have missed about women on U.S. currency.

Posted on Aug 20, 2014 READ MORE



Welcome to the Future of Construction: 3-D Printing

A company printed 10 small buildings in Shanghai in just one day; Ron Paul explains his thoughts on Bitcoin; meanwhile, the Supreme Court is pondering whether cops require warrants to look through cellphones. These discoveries and more after the jump.

Posted on Apr 30, 2014 READ MORE



Unveiling Bitcoin’s Creator, Satoshi Nakamoto

Newsweek journalist Leah McGrath Goodman claims to have revealed the face, name, location and other key details about the founder and original coder of Bitcoin, Satoshi Nakamoto.

Posted on Mar 6, 2014 READ MORE


Bitten Coin

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Posted on Mar 3, 2014 READ MORE


Bitcoin Toss

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Posted on Mar 2, 2014 READ MORE


Bitcoin

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Posted on Mar 1, 2014 READ MORE



‘Gobbledygook’ Papers Flood Academia to Prove a Point

Three MIT students set out to expose how much crud gets accepted to scientific conferences; Uganda’s President Yoweri Museveni was swayed by so-called science to sign an anti-gay bill; meanwhile, Bitcoin may have some value beyond that of an online currency. These discoveries and more after the jump.

Posted on Mar 1, 2014 READ MORE



btckeychain (CC BY 2.0)

Bitcoin and the Dangerous Fantasy of ‘Apolitical’ Money

The crash of 2008 infused our societies with enormous skepticism of government and central bank authority. Naturally, many dream of a currency that politicians and bankers cannot manipulate. Bitcoin has emerged as the great white hope of something of the sort. Alas, that hope is false.

Posted on Dec 26, 2013 READ MORE



zcopley (CC BY-SA 2.0)

Berlin Embraces Bitcoin

Germany is the first country to make an official decision about the status of the online currency. The nation’s Finance Ministry acknowledged Bitcoin as “private money” and a “currency unit,” which means it can be taxed when used commercially, but not so for personal purposes.

Posted on Aug 20, 2013 READ MORE



Shutterstock photo of EU flags.

More Union in the EU Doubtful

The “More Europe” remedy favored by German Chancellor Angela Merkel seems plausible enough as a slogan, but so did the single currency.

Posted on Apr 30, 2013 READ MORE



Shutterstock photo of the euro.

A Right and Proper Death of the Euro

A new “Alternative for Germany” political movement has erupted as a backlash against the euro, and against Germany’s fellow members of the EU.

Posted on Apr 17, 2013 READ MORE


Have You Heard of Bitcoin?

It’s a virtual currency that travels beyond the reach of banks and centralized regulatory institutions and allows you to transfer money to anyone with an Internet connection, anywhere at any time.

Posted on Mar 23, 2013 READ MORE


Currency War Threat

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Posted on Feb 17, 2013 READ MORE


Dollar

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Posted on Jan 27, 2013 READ MORE



Gwydion M. Williams (CC BY 2.0)

Greeks Ditch Euro in Exchange for Local Trading

Residents of the Greek city Volos—some of whom have lost up to 40 percent of their disposable income—have taken to bartering or using alternative currency to survive the worst economic crisis in modern times.

Posted on Jan 3, 2013 READ MORE


Euro

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Posted on Jun 11, 2012 READ MORE



Gamma Man (CC-BY)

Public-Sector Banks: From Black Sheep to Global Leaders

Conventional wisdom holds that government bureaucrats are bad businesspeople. But around the world, the many countries with strong public banking sectors generally have strong, stable economies.

Posted on Mar 8, 2012 READ MORE


Euro symbol
AP / Daniel Roland

EU Moves to Shore Up Bailout Fund

European Union financial officials meeting in Brussels have agreed on the setting up of a permanent bailout fund, even as Portugal reportedly teeters on the precipice of financial collapse.

Posted on Mar 25, 2011 READ MORE



Flickr / J. Stephen Conn (CC-BY)

Thar Be Gold in Them Hills

You know Fox News is all over this story: The Utah House of Representatives is fixin’ to vote on a measure that would make gold and silver coins a viable alternative to the boring—and inflation-prone—forms of currency currently in national circulation.

Posted on Mar 3, 2011 READ MORE


Euro symbol
AP / Daniel Roland

EU to Institute Stricter Euro Zone Rules

Like a well-financed and politically powerful parent, the European Union has agreed to implement tougher rules for euro zone countries that overspend and over-borrow to “deter bad budgetary behavior” that could lead the currency into yet another crisis.

Posted on Oct 29, 2010 READ MORE



Flickr / Vinoth Chandar (CC-BY)

China vs. the House of Representatives

Although the measure has almost no chance of passing the Senate, the House voted 348-79 to give President Obama the power to put tariffs on all Chinese imports. The legislative hissy fit is clearly intended to sate economically vulnerable voters who view China as a jobs threat.

Posted on Sep 29, 2010 READ MORE


Euro symbol
AP / Daniel Roland

When the Euro Almost Died

In a fascinating tale of international financial intrigue, the Wall Street Journal reveals how a secret task force of European leaders—dubbed “the group that doesn’t exist”—was formed in 2008 to prevent the collapse of the eurozone, which could have triggered another global economic tsunami.

Posted on Sep 25, 2010 READ MORE



Wikimedia Commons

Hungary Hungry for Economic Stability

A new kind of specter is haunting Europe: debt. Hungary’s new prime minister is reported to have said that there is only a slim chance that his country will evade a Greek-style debt crisis, a comment that sent domestic markets into a tizzy and saw the Hungarian currency drop more than 2 percent.

Posted on Jun 4, 2010 READ MORE


European Central Bank
Flickr / U-g-g-B-o-y-(-Photograph-World-Sense-)

How Low Can the Euro Go?

The answer to the headline question, at least on Monday, would be $1.2234, as the euro dropped to its lowest point in four years. As this CNN report puts it in somewhat startling terms, ” ... Ongoing debt concerns prompted a flight to the safety of the U.S. dollar.”

Posted on May 17, 2010 READ MORE



Flickr / Andres Rueda (CC-BY-ND)

What’s Euro Problem?

The once-mighty euro, a currency that humbled American tourists in its day, has sunk to a 13-month low against the dollar. Greece’s impending bailout apparently isn’t settling nerves in the eurozone, which includes other major economies that look a little wobbly as of late.

Posted on May 4, 2010 READ MORE


Shanghai Scape
Flickr.com / PMorgan

China About to Bump Japan as the No. 2 Economy

Even in the face of the global economic crisis, China’s economy still managed to grow by a surprising 8.7 percent last year, according to the bean-counters in Beijing, putting the country on track to overtake Japan as the world’s second-biggest economy.

Posted on Jan 21, 2010 READ MORE



Flickr / Ryanpyle.com

China Becomes New World Export Leader

China is heading into the Year of the Tiger with a roar. Last week it was announced that China has surpassed the U.S. as the world’s biggest auto market, and this week Chinese state media is reporting that the country’s exports leaped 17.7 percent in December, overtaking Germany as the global leader.

Posted on Jan 10, 2010 READ MORE


When in Economic Trouble, Invent a Gold Mine

Economist Joseph Stiglitz says the International Monetary Fund should create a new reserve currency, rather like declaring that a massive gold mine has been discovered under the IMF building.

Posted on Dec 10, 2009 READ MORE


gas prices
AP photo / Lisa Poole

Inflation Runs at a 26-Year High

The once-mighty U.S. dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices. Prices U.S. consumers pay shot up 1.1 percent in June—or more directly, your paycheck just got 1.1 percent smaller.

Posted on Jul 16, 2008 READ MORE


Colbert

Colbert and the Anti-Penny Crusader

You may not have given the penny much thought, but it turns out that the least of our currency is essentially worthless and wastes Americans a surprising amount of money and time. Anti-penny advocate Jeff Gore would like to do away with the coin altogether—and he has a plan.

Posted on Apr 10, 2008 READ MORE


Money Problems

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Posted on Nov 20, 2007 READ MORE


central park
zdnet.com

The New British Invasion

With the dollar getting weaker all the time, the ailing housing market is getting a little relief from an unexpected source: foreigners. Brits in particular have been tempted by bargain homes in glamorous locales such as Manhattan, where one-third of all new condominiums are selling to foreign buyers.

Posted on Nov 18, 2007 READ MORE


Wolf Blitzer

‘Liberty Dollar’ Crackdown

Ron Paul may not be ahead in the polls, but he’s probably the only presidential candidate who already has his face on a coin. The feds have seized a cache of gold, silver and copper “liberty dollars” bearing Paul’s visage. Other than a mutual distaste for the Federal Reserve, the Republican candidate has no relationship with the makers of the coins.

Posted on Nov 18, 2007 READ MORE


Taj Mahal
news.bbc.co.uk

India Snubs the Dollar

The dollar has simply fallen too low for India, which will no longer accept the greenback at its many tourist sites, including the Taj Mahal. Tourism ministry officials said they had to move quickly in order to protect Indian revenues from the dollar’s free fall. Remember when the dollar was like gold in the developing world?

Posted on Nov 16, 2007 READ MORE


Monopoly Money

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Posted on Nov 11, 2007 READ MORE


penny
loringdesign.com

The Penny:  That’s Just Our $.02

Now that U.S. pennies are more of a nuisance than a useful form of currency, given their ever-so-rapidly evaporating value (no offense, Honest Abe), and now that it costs the government nearly two cents to make each penny, why don’t we just toss them altogether?  (Hint:  It has to do with lobbyists.)

Posted on Aug 15, 2007 READ MORE


urstromtaler
bbc.co.uk

Euro, Meet Urstromtaler

Regional currencies like the Urstromtaler have been springing up around Germany. Advocates hope that the alternate currencies will help to stimulate sagging local economies, support small businesses and encourage a sense of community.

Posted on Feb 6, 2007 READ MORE


China: Boom or Boomerang

China: Boom or Boomerang

At the same time that China is recording huge increases in trade surpluses and currency reserves, deadly riots are breaking out on the outskirts of some of the country’s largest cities. In this Dig, scholar Orville Schell challenges the current wisdom about China being an inevitable superpower and unstoppable economic force.

Posted on Dec 3, 2005 READ MORE


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