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Currency

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.

Trade Crazy: The Push for Fast-Track Trade Authority

Dean Baker | Posted 04.25.2015 | Business
Dean Baker

When the political establishment wants to pass major trade agreements, we see respectable Washington types making pronouncements bearing so little relationship to reality that they would cause Sarah Palin to cringe. The Washington Post gave us one such gem last week when it took issue with those saying currency rules should be part of the Trans-Pacific Partnership.

No, Negotiating a Currency Chapter in the TPP Will Not Cause a Trade War or Cost Us Jobs

Jared Bernstein | Posted 04.18.2015 | Politics
Jared Bernstein

Stop the foolishness and talk to us like grownups. There will be no "trade war" if we pursue a currency chapter in the TPP. There will be a lot of arguing and negotiating about what technically constitutes currency manipulation to gain an edge in trade. It could blow up the deal, and Secretary Lew, Rep. Ryan, and others should explain to us and to members of Congress why that's a more costly outcome to American workers and businesses than continuing to live with labor demand-draining trade deficits. If they can do so, then let's have a TPP. If they can neither make a convincing case based on facts, not war-mongering and fear tactics, nor can they offer a convincing alternative for legislative actions outside of the TPP against currency manipulation, then they must either negotiate a currency chapter or accept defeat.

Two Different Suggestions for Getting Illinois' Economy Back on Track

Matthew Dietrich | Posted 04.05.2015 | Chicago
Matthew Dietrich

Read the rest at Reboot Illinois to find out what Maisch considers a "must-do" for the Rauner administration as it looks to jump-start Illinois' economy.

Bitcoin Belongs to the People, Not the 1% Super Rich

Dr. Behzad Mohit | Posted 03.31.2015 | Technology
Dr. Behzad Mohit

We must not allow this new "Freecoin" to be owned or bought and sold with real money. For the moment that a currency becomes interest-bearing and is subject to transaction and storage charges, it becomes a tradable commodity itself and it loses its equalizing value.

Swiss National Bank: Well Played!

Janet Tavakoli | Posted 03.18.2015 | Business
Janet Tavakoli

The market reaction was brutal, punishing the Euro and every foreign exchange and options trader on the wrong side of this trade. Some forex trading firms will go under. Foreign exchange trading desks within banks are, of course, part of ongoing unwilling taxpayer largesse.

Ben Walsh

Where Scotch Costs $41 A Glass, And Everyone Can Afford It

HuffingtonPost.com | Ben Walsh | Posted 01.20.2015 | Business

A glass of Johnnie Walker Blue is up $6 to $41 at the Belvedere Hotel in Davos, where many delegates stay and everyone wants to stay. The thing about Davos, though, is that it was already incredibly expensive.

How Digital Money (Bitcoin) Will Change The World

April Rudin | Posted 03.30.2015 | Business
April Rudin

In mid December, Time Inc. was the latest in a string of companies to announce that it would start accepting bitcoin in payment, following on the heel...

This Is What Our Cash Could Look Like If It Didn't Celebrate Dead White Men

The Huffington Post | Kevin Short | Posted 11.05.2014 | Business

Take a look at the redesigns. Remember, these are just hypothetical, and Purrington is in no way affiliated with the U.S. government. But still, we can always dream.

See More This Winter: Travel to Europe & $ave!

trivago | Posted 12.23.2014 | Travel
trivago

The Euro at its lowest value against the US Dollar since July 2012 - currently exchanging at $1.26 - and hotel rates in many of Europe's most popular cities are lower in winter, which means that it's time to seriously consider taking a trip across the Atlantic.

Follow the Money

William B. Bradshaw | Posted 12.11.2014 | Money
William B. Bradshaw

The value of a country's currency is basically dependent upon the country's integrity and having the assets necessary to pay its debt and back up its currency. This was a real problem for early Americans prior to, and for several years following, the Revolutionary War.