iOS app Android app

Black Market

Nigeria's Floating (Read: Sinking) Naira

Steve H. Hanke | Posted 06.22.2016 | World
Steve H. Hanke

On Monday afternoon, the Central Bank of Nigeria (CBN) ended the Nigerian naira's sixteen-month peg to the U.S. dollar, sending the naira into a freef...

We Should All Cry for Argentina's Economy

Jordana Timerman | Posted 12.15.2016 | World
Jordana Timerman

BUENOS AIRES -- Argentina's incoming president has promised to shock the country's highly regulated economy into market-based reality. But, like many Argentines, I am concerned that the touted adjustment will come at a high cost to our most economically vulnerable citizens.

Ex-Model Reveals Horrors Of Getting Butt Enhancement Injections

OWN | Lisa Capretto | Posted 10.12.2015 | OWN

The day Anivia Cruz-Dilworth walked into an open call at Wilhelmina Models was the day her life began to change. She was quickly signed to the agency ...

Monkey Business: When Mexico Tried to Buy a Gorilla on the Black Market

ADST | Posted 08.17.2016 | World

Note: Our accounts contain the personal recollections and opinions of the individual interviewed. The views expressed should not be considered officia...

Millions Of Instagram Users Are Just Spambots

The Huffington Post | Alexandra Ma | Posted 07.02.2015 | Technology

Here's how to tell which of your followers are fake.

Blood, Pills, and Black Markets

Donna A. Patterson | Posted 12.03.2014 | World
Donna A. Patterson

Recent reports illuminate a growing black market trade in blood from Ebola survivors. Those with the desire and resources are buying blood in hopes of curing current infections or stockpiling for future infections.

Sleepless on 5th Avenue - iPhone 6 Buyers Appear to Be Trafficked Low-Wage Workers from New York's Chinatown

Heather White | Posted 11.22.2014 | Politics
Heather White

It was surprising that more than 90% of the people in line for the new iPhone in New York, wearing warm jackets and sitting in portable chairs, were Chinese. They weren't Chinese tourists or Chinese-Americans, but the workers you often see doing the lowest-wage jobs in Chinatown.

The UN Strikes Back at ISIL's Black Economy

Luay Al Khatteeb | Posted 10.22.2014 | Politics
Luay Al Khatteeb

The UN Security Council dramatically escalated the conflict with al Qaeda splinter groups by passing UN Resolution 2170. This UN Security Council is the latest in a series of draconian UN Resolutions against terror groups pursuant to its responsibility of forgotten obligations.

Matt Ferner

Colorado's Marijuana Black Market Is More Complicated Than It Looks | Matt Ferner | Posted 08.21.2014 | Politics

Depending on whom you ask, Colorado's marijuana black market has either vanished or expanded since weed was legalized in the state. Mexican pot farmer...

360 Million Newly Stolen Credentials Being Sold On The Black Market

Reuters | Posted 02.26.2014 | Technology

(Reuters) - A cybersecurity firm said on Tuesday that it uncovered stolen credentials from some 360 million accounts that are available for sale on cy...

Lebanon's Weed Trade Thrives In Chaos Of Syrian War

Agence France Presse | Rana Moussaoui | Posted 01.26.2014 | World

Lebanese marijuana grower Abu Sami is practically rubbing his hands together with glee: the Syrian conflict has paralysed authorities at home and left...

Buying Into a Bubble: The Black Market Dollar in Venezuela

Mark Weisbrot | Posted 01.23.2014 | Politics
Mark Weisbrot

Asset bubbles are as old as the market. They can have different origins and historical specifics, but the core dynamic is relatively simple: People buy something because its price is going up and they believe it will rise more.

Cultural Racketeering and Why it Matters: Robbing the World of History

Deborah Lehr | Posted 01.23.2014 | World
Deborah Lehr

Many of us are familiar with crimes committed by organized gangs, from drug running, the weapons trade, to the sex trade. However, there is one kind of crime, the looting and trade of antiquities that is on par with these abhorrent black market businesses, yet seldom discussed.

Recycle Yourself: Q&A With Transplant Surgeon Chris Barry

The Morningside Post | Posted 11.17.2013 | Impact
The Morningside Post

Throughout the United States, more than 115,000 people are currently waiting for organ transplants, and last year almost 7,000 individuals died waiting. Roughly the same number will die this year too. "That's equivalent to 13 747 jets filled to capacity crashing every year."

What Tobacco Tax Advocates Can Learn From American Drug Policy

Keith Humphreys | Posted 06.12.2014 | Politics
Keith Humphreys

Among my colleagues in the public health and addiction fields, I am nearly alone in disliking President Obama's proposed doubling of federal cigarette taxes. My reservations stem from the hard lessons of America's policy towards illegal drugs.

Paris Police Seize 60 Tons of Fake Stuff That's Not Legally Fake

Tony Phillips | Posted 09.25.2013 | Weird News
Tony Phillips

I read recently that authorities seized 60 tons of bootleg Eiffel Tower replicas from a warehouse near Le Bourget airport. We're talking about tin statuettes eight-centimeters in height.

12 Bizarre Items You Won't Believe People Break The Law To Buy

The Huffington Post | Harry Bradford | Posted 06.26.2013 | Small Business

Some people will do anything they can to get their hands on their favorite products. Items bought and sold underground, or on the black market, mak...

7 Terms You Have To Know When Retiring Overseas

Kathleen Peddicord | Posted 07.06.2013 | Fifty
Kathleen Peddicord

If you enjoy reading stories about the sea and sailing ships, you understand that, to do that, you need a special vocabulary. Read Joseph Conrad tales, for example, and you need to know that petty, poop, port and prop have specific meanings quite apart from what they might conjure up in another context. Similarly, when you move overseas you may need some new vocabulary.

Small Screens, Big Business

Arianna Huffington | Posted 07.03.2013 | Crime
Arianna Huffington

In this week's issue, Gerry Smith looks at one of the less savory effects of recent technological innovation: the billion-dollar black market for stolen smartphones. And Lila Shapiro considers the career of former New Jersey Governor James E. McGreevey, nearly a decade after he resigned with the admission that he was "a gay American."

The Decriminalization Downfall

The Brown Daily Herald | Posted 06.11.2013 | College
The Brown Daily Herald

Marijuana decriminalization is a tiny Band-Aid that has been touted as a quick fix for state governments across the country. Want to deal with overflowing prisons? Decriminalize. Want to make citizens happy? Decriminalize. Unfortunately, a Band-Aid is pretty bad at healing a bleeding artery

Venezuela: On the Death of Chávez and the Ailing Bolivar

Steve H. Hanke | Posted 05.12.2013 | World
Steve H. Hanke

How can Venezuela stave off a currency crisis and place its economy back on a solid monetary foundation? The solution is simple: replace the bolivar with the U.S. dollar.

Alice Hines

In The Wake Of Sandy, A Black Market For Candles And Batteries In Chinatown | Alice Hines | Posted 10.31.2012 | Business

Less than 48 hours after Hurricane Sandy wiped out all power in lower Manhattan, batteries, candles and flashlights have become as valuable to gold to...

'Shocking Quantities' Of Rat Meat Sold Illegally In London Market

Posted 09.25.2012 | World

"Shocking quantities" of "potentially unsafe" rat meat are being sold illegally in London marketplaces, BBC reports. An undercover investigation co...

10 Luxury Cars That Are Most Likely To Be Stolen

The Huffington Post | Alicia Ciccone | Posted 08.10.2012 | Money

Every 40 seconds a car in the United States is stolen, according to the most recent FBI data on auto theft. While the Toyota Camry takes home the ...

Human Trafficking a Growing Global Scourge

Andrew Lam | Posted 07.29.2012 | Crime
Andrew Lam

Human trafficking is the fastest-growing criminal business in the world, according to the State Department. It ranks only second to drug trafficking in profitability, bringing in an estimated $32 billion annually.