Cashless societies vs realism

Cashless societies vs realism

From The Daily Bell In Sweden, a Cash-Free Future Nears … Parishioners text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Even the Abba Museum, despite being a shrine to the 1970s pop group that wrote “Money, Money, Money,” considers cash so last-century that it does not accept bills and coins. Few places […]

Chinese yuan enters ‘interesting times’ with U.S. rate rise

Chinese yuan enters ‘interesting times’ with U.S. rate rise

By Gregg Early / Personal Liberty Digest There’s an old Chinese curse that says, “May you live in interesting times.” For the Chinese currency, the yuan, these are interesting times indeed. And the implications will also have significant impact on the U.S. dollar and U.S. economy. The Chinese yuan has now joined the U.S. dollar, […]

Why capitalists are repeatedly “fooled” by business cycles

Why capitalists are repeatedly “fooled” by business cycles

By Frank Shostak / Mises Daily According to the Austrian business cycle theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources because businesses undertake various capital projects that — prior to the lowering of interest rates —weren’t considered as viable. This misallocation of resources is commonly […]

Fed results? Social polarization and economic debasement

Fed results? Social polarization and economic debasement

By The Daily Bell Why the Fed’s historic rate hike is good news and bad news for the economy. Yellen says rate hike shows Fed’s confidence the U.S. economy is strengthening … — LA Times Dominant Social Theme: The Fed takes care of the economy, and this is the way it must be. Free-Market Analysis: […]

NLRB: We’re coming after franchisors and subcontractors

NLRB: We’re coming after franchisors and subcontractors

By Walter Olson / OverLawyered In a long-feared ruling, the Obama National Labor Relations Board has ruled that a company that employs subcontractors or engages in franchising can over a wide range of situations be deemed a “joint employer” for purposes of liability for labor law violations and obligation to bargain over wages and working conditions […]

National Guard plans to activate cyber squads across 23 states

National Guard plans to activate cyber squads across 23 states

Cyber squads administered by the National Guard are now scheduled to be operating in 23 states across the country by 2020 as the Defense Department ramps-up its efforts to protect military and government computer networks inside America’s borders. The National Guard said last week it plans to activate 13 new cyber units by the end […]

Twitter begins warning users of attacks from state-sponsored hackers

Twitter begins warning users of attacks from state-sponsored hackers

Twitter has begun notifying account holders who the company believes are being targeted by state-sponsored hackers, following in the footsteps of Google and Facebook as government-hired cyber spies continue to set their sights on social media. At least a dozen Twitter users received warnings from the company on Friday informing them of suspicious activity linked […]

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