May 20, 2018
Shocking new statistics reinforce a basic truth of the world’s richest country: Many Americans are so far behind in retirement savings that they risk retiring flat broke. Studies show that 61% of Americans have less than $100,000 saved in a …
May 20, 2018
Former U.S. Federal Reserve governor Kevin Warsh believes that the monetary authority should consider minting a government-regulated cryptocurrency of its own, to be called “FedCoin.” Warsh was governor of the Federal Reserve from 2006 until 2011. …
May 19, 2018
Bedeviled by the uproar created by disclosure concerning its callous disregard for its user privacy, Facebook’s business practices continue to generate controversy. The latest contentious privacy-related issue concerns Facebook employees’ ability to …
May 18, 2018
International property consultants say that there has been a shift among real estate investors to alternative assets in Asia Pacific which offer more attractive yields and stronger long-term growth prospects. According to Rohit Hemnani, Head of …
May 18, 2018
Financial analysis company Fundstrat predicts that Bitcoin’s value could reach up to $64,000 in 2019 — a 700% increase from recent trading levels. Sam Doctor, the head of data science research at Fundstrat, made the prediction in a recently released …
May 18, 2018
In early May 2018, the Trump administration sent a letter to congressional leaders to propose over $143.5 billion in federal budget cuts. The staggering budget cut proposal amount would target the retirement funds of federal employees and follows a …
May 17, 2018
Gary Cohn, the Goldman Sachs banker turned advisor to President Trump and now former head of the National Economic Council, says that personal tax cuts passed in recent tax overhaul legislation should be made permanent. The Tax Cuts and Jobs Act of …
May 17, 2018
Renters in the Golden State have had enough. They’ve collected more than enough signatures to put rent control on the ballot this fall. The Costa Hawkins Rental Housing Act passed in 1995. The law made it illegal for a number of Californian …
May 17, 2018
Elder abuse perpetrated by financial scams are on the rise, to the tune of about $37 billion dollars every year. According to a study by New York State’s Office of Children and Family Services, over 5 million senior citizens are victimized by …
May 16, 2018
A four-year-old startup with a funny name holds about $10 billion dollars’ worth of Bitcoin — about 7% of all Bitcoin in existence — in impenetrable bunkers around the world. Because rich people want it that way. The company, Xapo, is the brainchild …
