The perfect stock trading app for the videogame generation was supposed to “democratize finance” with zero-commission trades. But the primary plan was to get rich by selling customer trades to the market’s most notorious operators.
If ever there were a business with dark clouds on the horizon, it should be printing paper currency, otherwise known as banknotes. In the United States the production of bills falls upon the U.S. Treasury’s Bureau of Engraving and Printing, but for much of the rest of the world— from Armenia and Peru to Thailand and Swaziland, money is actually printed by a handful of companies, dominant among them, Munich, Germany’s Giesecke & Devrient.
In 2021, a Tuscan medieval village will rise out of a lake, under which it has sat submerged since the 1940s, offering travelers to Italy a chance to visit before this ghost town will, once again, be covered with water.
If it weren’t for horses, Joey Krug might not have ever gotten into ethereum. Growing up in the small farming town of Knoxville, Illinois, he and his younger brother used to ride their bikes through fields of corn and soybeans looking for trouble. One day, when he was about 9 years old, Krug came across the farm of a local school teacher, who raised and rode horses. He instantly fell in love with the powerful creatures, and pedaled home as fast as he could to ask his parents for one.
Two new studies, though from different parts of the world, have arrived at the same conclusion: that young children not only transmit SARS-CoV-2 efficiently, but may be major drivers of the pandemic as well.
One Saturday morning in March 2003, a group of experts gathered at WHO headquarters in Geneva to discuss a newly discovered infection in Asia. Cases had already appeared in Hong Kong, China and Vietnam, with another reported in Frankfurt that morning. WHO was about to announce the threat to the world, but first they needed a name. They wanted something that was easy to remember, but which wouldn’t stigmatize the countries involved. Eventually they settled on ‘Severe Acute Respiratory Syndrome,’ or SARS for short.
American border patrol already has significant surveillance powers and collects vast amounts of data on who is flying into and out of the country. But the U.S. has another tool to watch over travellers across the world thanks to a little-known but influential Texan business called Sabre. As the biggest of three companies that store the vast majority of the world’s travel information—from airline seats to hotel bookings — Sabre has been called on to hand over that travellers’ data and, on at least one occasion, do “real-time” tracking of a suspect. And, say former employees, the same powerful trove of information could be used to help monitor the spread of the Covid-19 pandemic.
The Nasdaq is on its final run and is going vertical, a classic end of bubble move. This is trader heaven and turns into speculator hell for those who think that markets do grow to the skies. It could go up a long way in price but it won’t go for long in time. It could last to Christmas, it could fold tomorrow, but my feeling is that unless this bubble is cut down by the Fed, the final move will be large and quick.
In 2016, Stanford Graduate School of Business student Charlie Olson went to Scottsdale, Arizona to discuss his business idea with baseball players during their spring training. The plan which he developed along with his classmate from Stanford Eric Lax, who done research on the problematics with labor economists, was focused on the idea of ‘income pooling.’