The teenager used malware to create a network of computers which diverted money illegally from accounts.
Buenos Aires, Argentina police have taken a 19-year-old man into custody on charges of orchestrating a hacker ring that stole $50,000 a month. The teenager, who has been dubbed a “superhacker” by the press and faces up to 10 years in jail if found guilty.
Continue reading… “Argentina teen ‘superhacker’ has been arrested for stealing $50,000 a month”
The economic recovery belongs to the rich. It seemed ominous in 2007 when the share of national income flowing to America’s top 1% of earners reached 18.3%: the highest since just before the crash of 1929. But whereas the Depression kicked off a long era of even income growth the rich have done much better this time round.
Continue reading… “Income flowing to the top 1% is at a record high”
The very wealthiest Americans earned more than 19 percent of the country’s household income last year.
The gap between the richest 1 percent and the rest of America is the widest it has been since the Roaring ’20s.
Continue reading… “Wealthiest 1% earn biggest share since 1920’s”
The Angel CoFund is a government-backed fund in the UK.
Startups in the UK that are raising financing have a new route to funds in the shape of a government-backed fund which can super-charge an Angel round with extra cash. The UK government-backed fund, Angel CoFund ,is able to make initial investments of between £100,000 to £1 million into businesses, alongside syndicates of business angels. Angel CoFund launched in November 2011, and it was an early backer of Yplan, the events app which this year raised $12 million and PlayJam (a games maker for smart TVs). The fund started out investing in just some parts of the UK, but now it works nationwide. And it’s now had its first exit in its short, two year history.
Continue reading… “UK’s Angel CoFund can super-charge angel syndicates with extra cash”
[youtube]http://www.youtube.com/watch?v=uoiAewo5K7s[/youtube]
The new RoboCoin ATM machine to buy and sell bitcoin has launched this week. The new ATM will allow anyone to buy the virtual currency BitCoin with actual dollar bills, right on the street corner.
Continue reading… “New RoboCoin ATM lets you buy Bitcoin with cash”
A child born in 2012 is estimated to cost $241,080 to raise.
It’s becoming increasingly expensive to have kids. But it has never been cheaper to clothe and feed them, as well. The total cost of raising a child born in 2012 is estimated at $241,080 – and double that if your child attends college. That’s a 23% increase from 1960. So what is getting more expensive?
Continue reading… “What’s behind the increasing cost of raising a child in the U.S.”
The retirement financial guys think we have a retirement saving crisis. A study recently released by the National Institute on Retirement Security shows that we are in bad shape. Retirement saving is dangerously low especially for folks without retirement accounts. Let’s take a look at the data.
Continue reading… “Is there a retirement saving crisis?”
Nearly half of adults are limiting their child’s college choices based on price.
Families are cost-cutting before their kids even apply to schools because of the financial burden of paying for college. According to a new survey by Discover Student Loans, And it’s affecting students’ decisions about not only where to go, but what to study.
Continue reading… “It all comes down to money when picking a college and major”
It will cost 241,080 to raise a child born in 2012, $301,970 adjusted for inflation.
On average, a middle-income family will spend $241,080 for 18 years to raise a child born in 2012, a 2.6 percent increase from a year ago that outpaces the broader inflation rate, according to a government report.
Continue reading… “Cost of raising a child born in 2012: $241,080”
Obviously not impressed with her wardrobe!
Quote of the Day – “Certainly there are things in life that money can’t buy, but it’s very funny – did you ever try buying then without money?” – Ogden Nash
Continue reading… “Top 10 Photos of the Week”
Excellent misuse of cooking utensils!
Quote of the Day – “Where lipstick is concerned, the important thing is not color, but to accept God’s final word on where your lips end.” – Jerry Seinfeld
Continue reading… “Top 10 Photos of the Week”
The mega rich are getting richer.
Last year, there were a record-breaking 12 million people around the world who were millionaires, with the US experiencing the biggest jump in super-rich residents.
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.