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Venezuelans seeing bitcoin boom as survival, not speculation
Economy
Published in 19-12-2017
    251 Visits
CARACAS, Venezuela - In the last month, John Villar has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his startup business in Venezuela - all in bitcoin. As Venezuela's national currency loses value at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains from their increasin ...>>
Reference: www.chron.com
World's income inequality has worsened, report says
Economy
Published in 19-12-2017
    464 Visits
TOKYO - Global income inequality has worsened over the past four decades, a report finds, with the wealthiest 1 percent of the world's population capturing twice as much income growth as the bottom half. The world's middle class, made up mostly of people in North America and Europe, has by some measures fared the worst. Globalization has boosted incomes for hundreds of millions of people ...>>
Reference: www.chron.com
Poor Venezuelans launch local currency amid cash crunch
Economy
Published in 19-12-2017
    676 Visits

CARACAS, Venezuela - Hard cash is tough to find in Venezuela as the country struggles with financial hardship. So residents in the capital last week unveiled their own currency. The panal, which means honeycomb in Spanish, can be spent in just a few stores. But residents of one neighborhood desperate for spending cash said they welcome the idea proposed by pro-government groups. "There is no ca ...>>

Reference: www.chron.com
A decade since the recession: Thriving cities leave others behind
Economy
Published in 19-12-2017
    292 Visits
WASHINGTON - As the nation's economy was still reeling from the body blow of the Great Recession, Seattle's was about to take off. In 2010, Amazon opened a headquarters in the little-known South Lake Union district - and then expanded eightfold over the next seven years to fill 36 buildings. Everywhere you look, there are signs of a thriving city: Building cranes looming over streets, ho ...>>
Reference: www.chron.com
Madoff victims near full recovery of principal with payout
Economy
Published in 19-12-2017
    199 Visits
Victims of Bernard Madoff's Ponzi scheme are set to begin 2018 with new checks totaling $584 million from the trustee unwinding the con man's company, boosting total payouts to almost $11.4 billion. The latest checks will range from $563 to almost $88 million, trustee Irving Picard said Monday. With the payments, more than half of Madoff's customers who submitted approved claims to ...>>
Reference: www.chron.com
Hack raises concerns ahead of U.S. trade in bitcoin
Economy
Published in 12-12-2017
    993 Visits
TOKYO - As the value of bitcoin has surged in recent days, there are fresh concerns about the security of it and other virtual currencies. NiceHash, a company that mines bitcoins on behalf of customers, said it is investigating a breach that may have resulted in the theft of about $70 million worth of bitcoin. Research company Coindesk said that a wallet address referred to by NiceHash users indic ...>>
Reference: www.chron.com
Bitcoin soars then falls back; banks raise risk concerns
Economy
Published in 12-12-2017
    328 Visits
NEW YORK - The price of bitcoin swung wildly Thursday, rising to more than $19,000 only to fall sharply within minutes, as both the euphoria and anxiety surrounding the virtual currency escalated just days before trading in bitcoin futures begins on a major U.S. exchange. The concerns about its volatility have led some Wall Street banks and trade groups to raise concerns about the potential implic ...>>
Reference: www.chron.com
Outlook for Houston economy: Getting better, slowly
Economy
Published in 12-12-2017
    354 Visits

Bustling global trade and a healthy U.S. economy could accelerate Houston's economic recovery next year, but a sluggish comeback in the oil industry could impede the region's job growth, a local economist said on Friday.

Reference: www.chron.com
As traders await bitcoin futures, margin requirements are high
Economy
Published in 12-12-2017
    29 Visits
Among the complications in trading bitcoin future contracts that launch this Sunday: People speculating on the cryptocurrency will need to put more cash on the table. Options Clearing Corp. has set the initial margin requirements at 44 percent of the daily settlement price. Cboe Global Market, which announced that amount on Monday, hasn't updated it through bitcoin's wild price swings in ...>>
Reference: www.chron.com
Stronger global economy helps boost U.S. job market
Economy
Published in 12-12-2017
    418 Visits
WASHINGTON - The U.S. job market is benefiting from an unlikely source: other countries. The global economy is showing renewed strength, with Europe, Japan and many developing nations growing in tandem for the first time in a decade. The brightening international picture is encouraging more hiring in the United States - even among manufacturers, which have been hurt in the past by global competiti ...>>
Reference: www.chron.com
Hack raises concerns ahead of U.S. trade in bitcoin
Economy
Published in 12-12-2017
    555 Visits
TOKYO - As the value of bitcoin has surged in recent days, there are fresh concerns about the security of it and other virtual currencies. NiceHash, a company that mines bitcoins on behalf of customers, said it is investigating a breach that may have resulted in the theft of about $70 million worth of bitcoin. Research company Coindesk said that a wallet address referred to by NiceHash users indic ...>>
Reference: www.chron.com
Bitcoin soars then falls back; banks raise risk concerns
Economy
Published in 12-12-2017
    668 Visits
NEW YORK - The price of bitcoin swung wildly Thursday, rising to more than $19,000 only to fall sharply within minutes, as both the euphoria and anxiety surrounding the virtual currency escalated just days before trading in bitcoin futures begins on a major U.S. exchange. The concerns about its volatility have led some Wall Street banks and trade groups to raise concerns about the potential implic ...>>
Reference: www.chron.com
Outlook for Houston economy: Getting better, slowly
Economy
Published in 12-12-2017
    136 Visits

Bustling global trade and a healthy U.S. economy could accelerate Houston's economic recovery next year, but a sluggish comeback in the oil industry could impede the region's job growth, a local economist said on Friday.

Reference: www.chron.com
As traders await bitcoin futures, margin requirements are high
Economy
Published in 12-12-2017
    427 Visits
Among the complications in trading bitcoin future contracts that launch this Sunday: People speculating on the cryptocurrency will need to put more cash on the table. Options Clearing Corp. has set the initial margin requirements at 44 percent of the daily settlement price. Cboe Global Market, which announced that amount on Monday, hasn't updated it through bitcoin's wild price swings in ...>>
Reference: www.chron.com
Stronger global economy helps boost U.S. job market
Economy
Published in 12-12-2017
    35 Visits
WASHINGTON - The U.S. job market is benefiting from an unlikely source: other countries. The global economy is showing renewed strength, with Europe, Japan and many developing nations growing in tandem for the first time in a decade. The brightening international picture is encouraging more hiring in the United States - even among manufacturers, which have been hurt in the past by global competiti ...>>
Reference: www.chron.com


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