Google Wallet: Is this the future of money?

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Go Go Google Wallet!

“Whoa, how did you do that?” I didn’t say anything when the clerk at Duane Reade—or was it Walgreen’s?—asked me how to pay. I just smashed my phone into the PayPass terminal. Money poured out of my Nexus S, and into somebody’s corporate coffers. Magic!

But then I still had to tell the dumb credit console whether I was paying debit or credit. And then I had to wait for my receipt to print out, all ten miles of it. Which made my attempt at being a mysterious stranger with mysterious magical technology quickly disappearing into the night fail miserably since it would’ve been mad awkward to stare directly into each other’s eyes for 45 seconds without saying a word.

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Top 25 CEO’s earned more than their company’s tax bills

top ceo's

The gap between CEO and average U.S. worker pay rose from a ratio of 263-to-1 in 2009 to 325-to-1 last year.

A report released Wednesday from the Institute for Policy Studies shows many large companies pay more to CEOs in compensation than they did in corporate income taxes to the federal government in 2010.

 

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How fake money saved Brazil

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Brazil has faced hyperinflation in the past.

Twenty years ago, Brazil found itself in the grips of hyperinflation. Its inflation rate hit 80% a month, and the country was in financial free fall.

Economists at the Catholic University in Rio came up with an unlikely – but ultimately successful – plan to rescue the country. And would you believe it, the plan calls for fake money..

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Will student loan debt be America’s next big bubble?

student debt

Since 1999 outstanding student loan debt has grown by more than 511 percent.

“I still have student loans,” David Guard, a graduate of Gettysburg College and American University, told Fox News recently, as lawmakers and the White House bickered over the debt ceiling. “I could see an increase in those interest rates.”

 

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Banking agencies working to find credit rating alternatives

credit rating

Credit rating agencies have been criticized for fueling the 2007-2009 financial crisis.

The Federal Reserve said on Monday that Banking regulators expect to release proposals for replacing the work of credit rating agencies in their regulations later this year when comprehensive tougher capital standards are unveiled.

 

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Despite slow economy concert business is booming

 U2

Bono and his U2 bandmates have pulled in $85.8 million on their 360 tour.

The concert touring business is enjoying a healthy comeback this year after struggling in 2010.  Despite the slow economy acts like U2, Kenny Chesney, Bon Jovi and Lady Gaga are bringing in concert goers.

 

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Ten simple ideas entrepreneurs turned into $100 million

life is good

Business is booming for Life is Good, with 2010 sales coming in at about $100 million.

There are a lot of people who have an idea for a business with the hopes that one day it will help them make millions. Ideas for businesses may be easy to come by but turning those ideas into huge successes is an entirely different story. There are many entrepreneurs with simple ideas and humble beginnings who have been able to effectively turn those ideas into booming businesses.  And here are ten ideas that did just that.

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Extended unemployment benefits are set to expire in 2012, will this be the next big hit to the economy?

jobless

The total impact of the extended unemployment benefits on the economy is huge, because so many Americans are currently taking advantage of them.

The economic recovery could be headed for a major hit that will leave it even weaker as extended unemployment benefits are set to expire in 2012.

 

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