iOS app Android app

Currency

Disrupting the Competitive Landscape: Covering the 2016 Wharton China Business Forum

Megan Foo | Posted 02.12.2016 | Business
Megan Foo

Originally posted on the Wharton China Business Society blog On Saturday, January 30th, the Wharton China Business Society held its annual forum ev...

Man Pays For New Truck With $12,000 In Small Bills And Coins

The Huffington Post | Lee Moran | Posted 01.16.2016 | Weird News

A candy seller in China paid for his new truck with a mountain of small change. He brought 80,000 yuan ($12,000) in small denomination bills and coin...

Atheist Group Files Suit To Remove 'In God We Trust' From Currency

The Huffington Post | Ryan Grenoble | Posted 01.18.2016 | Politics

A group of atheists seeking to drop the phrase "In God We Trust" from U.S. currency filed a federal lawsuit this week in Akron, Ohio, arguing th...

World Could Face Months Of Chinese Market Aftershocks

AP | Annum Masroor | Posted 01.08.2016 | Business

BEIJING (AP) — The latest trigger was currency jitters, but Thursday's plunge in Chinese stocks was just one in a series of aftershocks ...

Bringing People Together Through Money? Community Currency and Local Exchanges

Pro Journo | Posted 01.05.2016 | Business
Pro Journo

Becky Booth is standing in line for the cashier at the Tower of London, with family visiting from the U.S. But when she is ready to buy the tickets, instead of "conventional" money she hands over six "Time Credits.

A New Day in Colombia

Otaviano Canuto | Posted 12.03.2015 | World
Otaviano Canuto

Colombia has paired the economic momentum with institution building. The country's democracy has rapidly matured. Yet, there is no guarantee that this momentum will continue. Any future success would greatly benefit from Colombia successfully implementing a peace agreement with domestic guerillas.

Brazil's Hard Landing

Sara Zervos | Posted 09.24.2015 | World
Sara Zervos

Investors have lost faith in Brazil, and rightfully so. The currency has lost 36% of its value against the U.S. dollar this year, plunging nearly 7% in the last week alone. Yields on its bond issues are spiking, as investors demand higher and higher rates to loan Brazil or Brazilian companies money.

$10 Bill

Jonathan Richards | Posted 09.21.2015 | Politics
Jonathan Richards

...

China, Climate, and the Opportunity Costs of 9/11

John Feffer | Posted 09.10.2015 | World
John Feffer

Despite all the meetings, promises, and apocalyptic threats, global carbon emissions have risen from the Kyoto Protocol of 1997 until today -- from around 6.5 billion metric tons per year to nearly 10 billion. If both China and the U.S. had tackled this issue back in 2001, perhaps we wouldn't currently be in this pickle. Chalk that up as another opportunity cost (which might just cost us the planet). Instead of haggling over currency, hacking, and sea-lanes, the two superpowers should be thinking big. Between them, the U.S. and China account for nearly one-third of the global economy, nearly one-quarter of the world's population, and more than two-fifths of the world's carbon emissions. What these two countries do by definition has an enormous global impact.

Real Estate Has Become Unaffordable

Natalie Pace | Posted 09.09.2015 | Business
Natalie Pace

The places that are affordable are the cities with the highest unemployment rates. And the cities where you can find a job, you might have to live in your car. Clearly something has got to give. For answers, I turned to Dr. Lawrence Yun, the chief economist of the National Association of Realtors.

Putting a Woman on Our Currency is Much Bigger than the $10 Bill

Rosie Rios | Posted 08.27.2015 | Women
Rosie Rios

The Treasury Department's exciting announcement that U.S. paper currency will soon feature the image of a historical American female was a long time coming.

China's Market Collapse and Currency Devaluation

Natalie Pace | Posted 08.20.2015 | Politics
Natalie Pace

In 2014, the Chinese economy became the No. 1 economy in the world, followed by the European Union and the U.S. The U.S. is now considered to be the third largest economy in the world.

China's Miracle Economy Goes from Illusion to Nightmare?

Ambassador Muhamed Sacirbey | Posted 08.18.2015 | Business
Ambassador Muhamed Sacirbey

If there was one virtue that China projected, it was an economy that could handle like a BMW, and go from 0 to 7.5 percent growth in 3 months.

Will a Smaller Global Commodities Appetite Benefit Canada?

Jeffrey Rubin | Posted 08.18.2015 | Business
Jeffrey Rubin

Popular opinion suggests any slowdown in resource demand from China, which is becoming more desperate in its attempts to revive its flagging economy, will be especially bad for a commodity-dependent economy such as Canada's.

China Devaluation Is Good News

Sara Zervos | Posted 08.11.2015 | World
Sara Zervos

Germany, Asian countries and commodity producers have already been selling less to China because of its economic slowdown; now they could sell less because their exported goods look more expensive as the Chinese yuan goes down.

Living Local: The Rise of Local Currency

Hannah Lamarque | Posted 06.30.2015 | Business
Hannah Lamarque

Look to any local high street at the moment and you will see an economy on the rise. After years of high street collapses, financial crises and economic downfalls, local businesses are finally on the up and it's all thanks to one thing in particular.

14 Developed Countries That Beat The U.S. To Putting Women On Currency

The Huffington Post | Cameron Love | Posted 06.29.2015 | Women

When the U.S. Department of the Treasury announced that a woman would join Alexander Hamilton on the $10 bill, the reaction from Americans was half jo...

Women and People of Color Soon on U.S. Paper Currency?

Warren J. Blumenfeld | Posted 06.25.2015 | Politics
Warren J. Blumenfeld

Since the year 2020 marks the 100 year commemoration of the passage of the 19th Amendment of the U.S. Constitution granting women the vote, petition organizers argue that the time has long-since come for women to grace our currency, especially our paper bills.

Put Harriet Tubman on America's Currency

Doug Bandow | Posted 06.19.2015 | Politics
Doug Bandow

The Treasury Department is authorized to choose figures for America's money and recently indicated that it planned to supplant or at least supplement Alexander Hamilton with a woman.

The Brazenly Illegal Behavior of Big Banks

Frank Vogl | Posted 05.27.2015 | Business
Frank Vogl

Three strikes and you are out in baseball. Three strikes -- irrespective of the crime -- and you're in prison long-term in the United States. Now, the bankers need to be subjected to the "Three Strikes and You're Out" rule.

What a Robust Dollar Means for U.S. Businesses - and the Global Economy

Helen I. Hwang | Posted 05.13.2015 | Business
Helen I. Hwang

Recently, the value of the U.S. dollar has risen from strength to strength against a basket of currencies, notably against the euro and the yen. In fact, the dollar has reveled in the longest streak of gains since 1971.

The Currency of Time

Doug Zeigler | Posted 06.21.2015 | Healthy Living
Doug Zeigler

Time is your most valuable thing. It's worth more than any amount of money you can ever accumulate. We are rich with it, no matter how much of it we have left. It's a space where we are all truly equal, with no classes or strata separating us.

A Quick Way to Decide If You Are for Fast Track

Dave Johnson | Posted 06.20.2015 | Business
Dave Johnson

We don't yet know what is in the TPP, because it is still secret and will remain so until shortly before the fast-track process requires Congress to vote. The president says to trust him, telling us that it will be great and "progressive" and create lots of jobs and expand the economy. Great. But the history on our trade deals -- especially those passed using fast track -- has been very bad. NAFTA was sold as creating a lot of jobs and growing the economy, but NAFTA destroyed jobs and expanded the trade deficit. China's entry into the World Trade Organization was sold as creating a lot of jobs and growing the economy, but it turned out to be absolutely devastating for America's working people, middle class and entire manufacturing ecosystem, and the trade deficit with China is now enormous. As a result of these agreements, entire regions of the country look like wastelands. Seriously, go look at Detroit.

5 Places That Use the Euro But Aren't in Europe

Conde Nast Traveler | Posted 05.23.2015 | Travel
Conde Nast Traveler

Think outside the box -- or the continent of Europe -- and get creative with your travel planning. Here are Euro-using places outside of the European continent where your buck will go farther than ever.

Treasury Secretary Dodges Question About Putting A Woman On The $20 Bill

The Huffington Post | Emily Cohn | Posted 03.20.2015 | Business

Man up, Lew.