With the size of Wall Street bonuses commonly being compared against the median household income, income inequality has quickly become a hot-button political issue in the United States. Continue reading… “Income gap between bosses and workers getting bigger”
Luxury toilet paper is America’s new favorite way to flush money down the drain. Continue reading… “Luxury toilet paper on the rise”
Andrew McAfee, the associate director of the Center for Digital Business at the MIT Sloan School of Management has revealed “the best economic news in human history,” claiming that we’re on the brink of the possibility of rising living standards for everyone on earth. He says that technological progress means humanity will soon solve the problem of ‘increasing scarcity’, meaning that there are, in theory, enough goods and wages for everyone in the world. Continue reading… “The best economic news in human history”
San Francisco’s real estate market is insane and here’s definitive proof. Mortgage research site HSH.com has estimated how much salary you need to earn to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas. Continue reading… “How much you need to earn to buy a home in 27 U.S. cities”
Mass incarceration has become a giant industry in the U.S., so it’s no coincidence that the United States now imprisons more of its people than any other country in the world. This industry generates huge profits not only for private prison companies, but also, for everything from food companies and telecoms to all the businesses that are using prison labor to cut their manufacturing costs. Continue reading… “Surprising industries profiting from mass incarceration”
The digital currency and network protocol, Bitcoin, has commanded a great deal of attention lately. Money has poured into Bitcoin related businesses from investors, and many people believe that it will has the same disruptive potential today as the internet did in the mid-1990s. So what does education have to do with Bitcoin? Continue reading… “What can Bitcoin teach us about education”
As its production costs have fallen far enough in some regions to compete economically with fossil fuels, companies like Apple are now buying mass quantities of solar power. Continue reading… “Solar business employs more Americans than coal mining”
In a recent “tweetstorm,” venture capitalist Marc Andreessen offers 16 “somewhat-less obvious ideas for how to expand the number of “unicorn” great tech startups over time.” Continue reading… “Marc Andreessen’s 16 ideas for a more dynamic US economy”
China has used more concrete from 2011 to 2013 than the United States in the entire 20th century, 6.6 gigatons vs. 4.5 giatons, according to the USGS cement statistics. Continue reading… “China has used more concrete in 3 years than the US did in 100 years”
One huge political issues in recent years has been that Wall Street has done better than Main Street. the Bank for International Settlements has a new study that shows exactly why rapid finance sector growth is bad for the rest of the economy. Continue reading… “Warning: rapid finance sector growth is bad for the economy”
The global stock market had a very different look 145 years ago than it does today. Continue reading… “Global stocks comparison, 1899 and 2014”
WorldRemit a London-based money transfer startup, has announced a new $100 million funding round, with a reported valuation of more than $500 million. Silicon Valley venture capital firm TCV, which has previously invested in everyone from Facebook to Spotify and Netflix, will lead this round. Continue reading… “Silicon Valley investors betting against banks”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
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