Bitcoin is a digital currency with algorithms used for ownership and trades. Security depends on the secrecy of those algorithms. A purchase of $100 worth of bitcoin in July 2010 would be worth about $4.6 million today. Overall market value of such currencies is about $80 billion. An article from...
Host nations often welcome new immigrants and attempt to accommodate cultural differences in many ways. Archbishop of Canterbury Rowan Williams takes that one step further: He suggests that some Muslims in the UK do not relate to the British legal system and adds that adopting parts of Islamic...
Click here for the original article on BBC.
Free trade may offer macroeconomic benefits, but it also claims human victims – laid-off workers who are lucky to find new jobs for less pay. The developed nations of Europe, with established manufacturing centers and generous social benefits, employ a range of strategies to compete globally with...
Vaccinating against unemployment: Danish workers in an insulin producing factory, with jobs secured by flexicurity
WASHINGTON: Sarah Surratt is a serial casualty of the trade wars. For 21 years, Surratt worked for...
With the rest of the world looking for leadership in emerging from economic crisis, how to stimulate the growth in China and the US has become the most urgent task. Other nations expect the pair to coordinate policy and do what they can to unfreeze credit, restore stable growth and ease unbalances...
Chinese bargain: A US shopper hauls away a Chinese-made TV. Americans shopping a lot and saving little helped create the crisis
WASHINGTON: As the United States bails out banks and shoe-factories close their doors in China, should the two...
Much of the world is trying to put a pause on global trade, immigration and other means of integration and globalization. The global credit crisis triggered the trends: “De-globalization is the partial unwinding of the long-running shift to arrangements that allow capital, goods and services to...
The world is becoming a bigger, not a smaller place, a process financial markets and investors may not enjoy.
A number of the biggest stories for markets – from the UK elections on Thursday to Greece’s default drama to new opposition to the proposed...
As the US confronts stubborn unemployment and a shrinking industrial base, a battle is shaping up about reviving manufacturing. Running for reelection, President Obama has embraced manufacturing and export renaissance, even as free-market supporters find fault in what they call his “industrial...
:Politics of manufacturing
WASHINGTON: In his January 2012 State of the Union address, US President Barack Obama mentioned the word “manufacturing” eight times. By comparison, his predecessor, George W. Bush, mentioned manufacturing once in eight of...
North Korea, intent on developing its nuclear weapons program, has conducted at least six increasingly advanced missile tests this year. The nation is a threat and could attack South Korea, Japan, US naval bases in the Pacific or even the US mainland in the not-so-distant future. Tackling this...
Can they find a way? US Secretary of State Rex Tillerson meets with Chinese President Xi Jinping; North Korean nuclear-capable missile tests
BEIJING: With the threat from North Korea’s nuclear breakout growing daily, repair of Sino-US relations has...
For many years, Grand Island in Nebraska has hosted many immigrants passing through in search of work. But migration has come in distinctive waves: refugees from the Vietnam War in the 1970s, refugees from Eastern Europe in the 1990s, Mexican and Latino immigrants in the last couple of decades, and...
Click here for the article in The Los Angeles Times.