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Banking

The 19 Essential Rules For Workplace Bathroom Etiquette

GSElevator | Posted 09.17.2014 | Business
GSElevator

No long conversations at the urinal (a simple "Hey man" or nod is acceptable). And, absolutely no talking between stalls.

Has Paper Money Outlived Its Purpose?

Stephen G. Cecchetti | Posted 09.10.2014 | Money
Stephen G. Cecchetti

Serious people have been suggesting that we think hard about eliminating paper currency. Paper money facilitates criminality and creates the zero lower bound (ZLB) for nominal interest rates. So, why not just get rid of it and replace it with electronic money?

Russian Hackers Said to Loot Gigabytes of Big Bank Data

Bloomberg | Posted 08.28.2014 | Business

Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes...

Astoria Characters: The Lovebirds

Nancy Ruhling | Posted 08.19.2014 | New York
Nancy Ruhling

They're making the best of things. Violeta has learned to go to mass by herself. Immaculate Conception is only five blocks away, but for Vincent it might as well be a million miles.

Is Your Banker Like Gordon Gekko ... or Darth Vader?

Richard Barrington | Posted 08.15.2014 | Money
Richard Barrington

People don't tend to feel warm and fuzzy about their bankers, in part because bankers have a nasty habit of doing things to alienate their customers. At their worst, bankers can almost live up to the evil embodied in the most twisted characters in movie history.

Jesus Drove Usurers From The Temple. We Allow 500-percent Interest Payday Loans. Where Are The Christians?

Ian Reifowitz | Posted 08.13.2014 | Politics
Ian Reifowitz

First, let's start with the good (if you can really call it that) news: A trail of money that began with triple-digit loans to troubled New Yo...

The Catalyst, or How I Learned to Stop Worrying and Love Change

Spiros Margaris | Posted 08.12.2014 | Business
Spiros Margaris

Every company should involve an Innovation Catalyst, who in his role assists the board of directors and the executive board; asks them tough, critical questions; and identifies possible solutions.

Getting Money in Gaza: An Interview With Palestine's Central Banker

Joe Lauria | Posted 08.09.2014 | Politics
Joe Lauria

The Palestine Monetary Authority has kept cash flowing to a besieged population struggling to survive in a devastated economy. Gaza's 45 bank branches have been mostly closed during the nearly month-long conflict, with working ATMs depending on the availability of generator fuel and the daring of bank staff to maintain them.

Setting Up Auto-Withdrawal Can Be Setting Yourself Up For a Fall

David Fagin | Posted 07.25.2014 | Money
David Fagin

There needs to be simple way to "turn-off" auto-pay to a company the same way you turned it on, without having to feel like you're playing Whack-A-Mole.

Racial Discrimination Continues at the Development Banks Hobbling Efforts to Meet the MDGs in 2015

Bea Edwards | Posted 09.20.2014 | Impact
Bea Edwards

While no one is claiming that the goals have actually been reached, indications are that the reported progress is significantly overstated. This sleight of hand is accomplished statistically by making the truly vulnerable and poor populations disappear into a larger pool of data collected on a macro scale from the better-off.

How Long Can Interest Rates Defy the Odds?

Richard Barrington | Posted 09.17.2014 | Money
Richard Barrington

America loves an underdog, a scrappy competitor who manages to beat the odds. By staying so low for so long, interest rates have not only beaten the odds in recent years, they've laughed right in their face. The question is, how long can interest rates keep doing it?

Republican-Controlled House Backs Obama Rules Enabling Marijuana Banking

Eric E. Sterling | Posted 09.15.2014 | Politics
Eric E. Sterling

If you run a medical marijuana dispensary, or a legal marijuana business in Colorado, how do you get paid? Federal laws enacted during the war on drugs in the 1980s barred banks from doing business with "drug traffickers."

Navigating Financial Milestones: Taking Control of Your Personal Economy in a Global Environment

Andrew Ireland | Posted 09.01.2014 | Money
Andrew Ireland

A strong personal economy has, historically, been built on traditional pillars: Make smart investments, manage expenditures, and build sound credit history. But in today's increasingly interconnected world, that alone won't cut it.

From King Of Cash To Cash Registry King

Michael Levenson | Posted 09.01.2014 | Small Business
Michael Levenson

My entrepreneurial itch started calling me with the simplest of gift registry purchases -- a crystal olive dish.

A Lifeline at Risk

Raymond C. Offenheiser | Posted 08.26.2014 | Impact
Raymond C. Offenheiser

The remittance corridor to Somalia is uniquely stressed -- and uniquely important. At the moment, Somalia's remittance system is its life-support, its economic engine and the glue holding its communities together.

4 Reasons Why Your Banking Relationship Is About to Significantly Change

Gene Marks | Posted 08.25.2014 | Small Business
Gene Marks

The banking industry is undergoing an enormous change. And, whether you like it or not, your business is stuck in the middle of it. Your paper checks are slowly disappearing in lieu of electronic payments.

The Misrule of Law in Croatia

John Feffer | Posted 08.25.2014 | World
John Feffer

Natasha Srdoc, who has done stints in international banking, the think tank world, and politics, is a firm believer in free market capitalism. She doesn't think what took place in former Yugoslavia comes anywhere close to her understanding of how capitalism works.

Hungary's Economic Leap

John Feffer | Posted 08.23.2014 | World
John Feffer

Given its position at the head of the pack of countries in the region, Hungary was expected to be the first to make the successful transition to capitalism. But today, Hungary has fallen behind many of the other countries in the region in terms of growth, employment, debt, and other economic indicators.

Why Graduates Should Reconsider Their Bank

Richard Barrington | Posted 08.20.2014 | Money
Richard Barrington

Graduation is a turning point personally, socially and professionally. While those changes may take months or years to fully develop, getting your degree sets you on the beginnings of a new path.

Can a Post Office Be a Bank?

John Harrington | Posted 08.11.2014 | Impact
John Harrington

Instead of privatizing the post office, there may be a better way to raise revenue for the post office by providing financial services for many who need access to credit and short-term capital.

A Vertical World

Matthias Paul Kuhlmey | Posted 08.05.2014 | Business
Matthias Paul Kuhlmey

Should the US once again decide to "turn within," it would likely not be as straightforward as before. Today's economic system is dependent on global trade and capital flows, outsourcing needs, and the exploitation of inexpensive labor and resources.

New China-Africa Development Fund Could Add Accountability, Transparency to Chinese Investments in Africa

Efraim Chalamish | Posted 08.02.2014 | Business
Efraim Chalamish

This surprising 10-year multilateral pact was described by Zhou Xiaochuan, the governor of China's central bank, as a supplement to his country's traditional lending to Africa, which has consisted mainly of bilateral grants and loans and infrastructure projects financed by Chinese state-owned banks.

Overcome Your Financial Fears

Erin Cox | Posted 07.30.2014 | Money
Erin Cox

It's entirely possible to become financially savvy even if you never have before. This is something I can personally attest to despite the challenges I even face.

Don't Look Now But Something's Eating Your Money

Jason Gordo | Posted 07.15.2014 | Money
Jason Gordo

If you choose not to invest, then you need to have some other plan in place to protect your savings. Otherwise, you might as well lock your money in a dank safe and let it decompose.

Twitter Won't #BringBackOurGirls

Jesse Larner | Posted 07.13.2014 | Politics
Jesse Larner

Sorry, but I have to say this: Am I the only left-leaning person who finds Michelle Obama's ‪#‎BringBackOurGirls‬ tweet to be smug, opportunistic and worse than useless?