William Chase

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Bitcoin may not be worth all the hoopla: N.Y. Fed blog post

NEW YORK (Reuters) - Bitcoin and other digital currencies have, so far, not been formidable competition for cash, checks or credit cards as a payment method in the United States and other major economies, according to two economists at New York Federal Reserve.<p>Virtual currencies usually thrive as …

Bitcoin

Scientists studying psychoactive drugs accidentally proved the self is an illusion

Philosophers and mystics have long contemplated the disconcerting notion that the fixed self is an illusion.Neuroscientists now think they can prove it or, at least, help us glimpse this truth with some help from psilocybin, the psychoactive property in magic mushrooms.<p>Researchers around the world …

Loneliness

Has Anyone Seen the President?

Michael Lewis goes to Washington in search of Trump and winds up watching the State of the Union with Steve Bannon.<p>Back when he was president, Barack Obama told me that only two people treated any interaction with him as a zero-sum game. One was Vladimir Putin, the other congressional Republicans. …

Donald Trump

Well, that was a disastrous press briefing for the White House...

<b>(CNN) —</b> Raj Shah didn't have an easy job on Thursday.<p>The deputy White House press secretary had to hold his first press briefing following the resignation of White House staff secretary Rob Porter over domestic abuse allegations.<p>But even by those lowered standards, it didn't go well. At all.<p>Before …

Donald Trump

This Successful Entrepreneur Explains Why You Can't Succeed Unless You Invest in Yourself

ClassPass founder Payal Kadakia shares how she stays inspired.<p>Staff Writer. Covers media, tech, startups, culture and workplace trends.<p><i>Editor's Note: Entrepreneur's</i> <i>"20 Questions"</i> <i>series features both established and up-and-coming entrepreneurs and asks them a number of questions about what makes</i> …

Entrepreneurship

Meet the pirate queen making academic papers free online

Alexandra Elbakyan is plundering the academic publishing establishment<p>In cramped quarters at Russia’s Higher School of Economics, shared by four students and a cat, sat a server with 13 hard drives. The server hosted Sci-Hub, a website with over 64 million academic papers available for free to …

Social Sciences

The stock market is not the economy — but the wild ride of the past 3 days is telling us something really important

For days, beginning with the stock market's brutal sell-off on Friday and continuing Monday and into a Tuesday marked by wild swings, this has been the conversation in offices across Wall Street:<p>Traders, who had been levered up to their eyeballs, are speaking with their risk managers. And their …

Stock Markets

Duckworth calls out 'Cadet Bone Spurs' after Trump's 'treasonous' remark

<b>Washington (CNN) —</b> An Illinois Democrat who was seriously wounded in Iraq derisively referred to President Donald Trump's draft deferments after Trump called Democrats "treasonous" for not clapping during his State of the Union speech.<p>"We don't live in a dictatorship or a monarchy. I swore an …

Donald Trump

Microsoft warns firms of technology 'distractions'

<b>Technology can distract workers rather than make them more productive, suggests a survey carried out by software giant Microsoft.</b><p>Many of the 20,000 European workers questioned said a steady stream of emails, messages and notifications kept them from concentrating.<p>Others said the way their employer …

Time Management

A brief history of bitcoin mining hardware

Bitcoin mining was once nothing more than a lucrative hobby for nerdy cryptocurrency enthusiasts. The only hardware required, in the beginning, was a simple computer. Things have changed a lot in less than 10 years.<p>In 2009 the first bitcoin miners used standard multi-core CPUs to produce BTC at a …

Bitcoin

A 63-Year-Old Experiment Reveals the Secret to Solving Office Drama

The Robber's Cave experiment demonstrates the tools needed to solve any group conflict.<p>The key to success for any company often lies in cooperation. Communication and understanding is a precursor of success. The opposite is also true; miscommunication and a lack of mutual understanding between …

Drama

While Trump Blames Immigrants For Low Wages, An Alternative Theory Gains Traction Among Economists

Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone. After years of wage stagnation, we are finally seeing rising wages.”<p>President Trump’s claim of rising wages during his State of the Union address Tuesday sent the fact-checkers into …

Economics

I’m a Republican. Why Is My Party Gaslighting America?

Riddle me this: If Republicans on the House Intelligence Committee have smoking gun evidence of a deep-state conspiracy that threatens American democracy itself, wouldn’t they be doing more than playing silly hashtag games, such as #ReleasetheMemo?<p>Hint: The answer is yes. If this were a serious …

Donald Trump

Robeco's van Rijn Sees Bull Market as Delayed Impact of Global Money Printing

Robeco Asia Pacific Chief Investment Officer, Arnout van Rijn, discusses the current bull market. He speaks with David Ingles on "Bloomberg Markets." …

Stock Markets

A clothing startup with a cult following and millions in online sales opened its first real-life store — here's what it's like to shop there

Online apparel brand Everlane has seen huge success while emphasizing high-quality clothing made through ethical processes. In 2015, its sales were estimated to be $35 million, up 200% from 2013. In 2016, the brand reportedly brought in another $51 million, all while solely selling its clothing …

eCommerce

The New Call of Duty Ad Shows You How to Take Gaming Way, Way Too Far

Is it possible to be too steeped in game play and alternate realities, allowing them to bleed over in an unhealthy way into every part of daily …

Advertising Industry

How Likely Is Your Industry to Be Disrupted? This 2×2 Matrix Will Tell You

The topic of industry disruption — “a process whereby a smaller company with fewer resources is able to successfully challenge established incumbent businesses” — is rife with misconceptions. One of the biggest is that it is a mysterious, random, and unpredictable event. Another is that it happens …

Innovation

Study: 6 in 10 Americans have heard about Bitcoin

While crypto may be obvious to us overlords of digital media, awareness of all facets of cryptocurrency still belongs to a small – but growing – minority. In a large scale survey by SurveyMonkey and the Global Blockchain Business Council, 5,000 responded to an extensive poll about the popularity …

Human Geography

Last Week Donald Trump Raised Taxes on Every Single American

Please take a moment and consider the clothes you’re wearing right now, or that you will be wearing later today or tomorrow. Could you, if they were too expensive, make them yourself?<p>Even for the readers who answered “yes” to the above question, such a scenario is generally unfathomable. Why waste …

Donald Trump

IMF chief warns Trump's tax cuts could destabilise global economy

Reforms may pose a serious risk to recovery, choke off growth and lead to a bigger US budget deficit, says Christine Lagarde<p>Donald Trump’s huge tax cuts are a threat to the stability of the global economy, the managing director of the International Monetary Fund has warned.<p>Christine Lagarde singled …

Economics

Everyone at Davos is talking about 'Larry's letter'

DAVOS, Switzerland — Everyone is talking about "Larry's letter."<p>The Larry they're referring to is Larry Fink, the founder of the $6.3 trillion asset manager BlackRock who last week sent a letter to CEOs of public companies stressing the need for a clear long-term strategy and an understanding of …

Leadership

American democracy is failing. The courts are finally starting to notice.

Democracy’s lost decade.<p>There is something profoundly wrong with the United States of America’s system of government.<p>For proof, briefly take stock of …

Government

35 Amazing Real World Examples Of How Blockchain Is Changing Our World

It’s quickly becoming apparent that blockchain technology is about far more than just Bitcoin. Across finance, healthcare, media, government and other sectors, innovative uses are appearing every day.<p>Here is a list of 35 which I have come across. While some may fail to live up to their promises, …

Blockchain

Lloyd's of London to divest from coal over climate change

World’s oldest insurance firm to exclude coal companies from investment strategy from 1 April<p>Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.<p>Lloyd’s will start to exclude coal from its …

Climate

This map shows the US really has 11 separate 'nations' with entirely different cultures

The United States comprises several different regions, each with its own rich history and cultural identity.<p>Exactly where those regions start and end has been a long-running debate, but according to author Colin Woodard, the United States can be divided into 11 distinct sub-nations.<p>Woodard mapped …

Black History

The Case Against College

Last April, Vermont independent Senator Bernie Sanders introduced the College for All Act, which would eliminate tuition and fees at public four-year …

College & University

From Backers to Buyers: How Kickstarter Helped Me Launch a Product the Traditional Way

Here are five things I learned from crowdfunding that prepared me to take the leap.<p>My fascination with watches began a decade ago. Age 20 at the time, I was struck by the unique watch my business mentor wore around his wrist, a timepiece his own father had passed down to him 30 years before. The …

The Criminal Underworld Is Dropping Bitcoin for Another Currency

Bitcoin is losing its luster with some of its earliest and most avid fans -- criminals -- giving rise to a new breed of virtual currency.<p>Privacy …

Cryptocurrency

Trump's Tweets Are a 'Narnian Wardrobe to His Lizard Brain'

A conversation with the writer Jonah Goldberg about dysfunction on the right and why the president of the United States can’t stop tweeting about Hillary Clinton.<p>Some of the most interesting people in the world to me right now are the homeless conservatives, that not-so-merry band of right-leaning …

Political Science

Opinion: 3 ways to transform your 1-person business into a $1 million operation

Many people dream of ditching the hassles of corporate America and starting their own business. Who hasn’t yearned to for the day when they could …

U.S. Census