By: Andrew Moran The global economy is in the early days of digitalizing currencies. Central banks worldwide are either in the infancy period of transitioning to digital money or deliberating digitalization’s pros and cons. After a couple of trials in the post-coronavirus recovery, China is placing its bets on the digital yuan, advancing its scope […]
Archives for April 2021
REPORT: Egypt demanding $900 million from Ever Given owners over Suez Canal mishap
Egypt is mad as hell and it’s not going to take it anymore! The Egyptian government seized the Japanese-owned and Panama-flagged Ever Given container ship. According to the New York Post, Suez Canal authorities are holding the ship and demanding $900 million in compensation for the palmface-inducing mistake. Suez Canal Authority (SCA) officials continue to […]
38 millions worse off now than before the COVID-19 pandemic
Unless you purchased shares of AMC and GameStop before their massive rally, you are probably worse off than you were before the coronavirus pandemic. According to a new Impact Genome and The Associated Press-NORC Center for Public Affairs Research survey, 38 million Americans are worse off now than prior to the COVID-19 public health crisis. […]
Is bitcoin a threat to the environment?
By: Peter St. Onge One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency. Bitcoin’s cost per transaction is well known, and often critiqued; one article in Wired magazine called bitcoin “[a] big middle finger to earth’s climate.” This is because bitcoin’s security, redundancy, and […]
U.S. annual inflation surges to highest level since August 2018, led by gasoline and food
Well, inflation is here. According to the Bureau of Labor Statistics (BLS), the annual inflation rate climbed to 2.6 percent in March, up from 1.7 percent in February. The market had a forecast growth of 2.5%. This represents the highest inflation reading since August 2018. Aside from apparel, consumer prices rose across the board. Gasoline […]