chris mccormack

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An economist explains what the heck is happening to the global economy

The dawn of the twenty-first century has proved unsettling. It was not what we expected. Only a few years ago, the world was full with apparently justified optimism. The new century would be free of the ideological fights that plagued the twentieth. A consensus emerged that markets and democracy …

Economics

15 Gravity-Defying Homes From Around the World

Ingenious engineering and the will of slightly crazy homeowners, brings architecture to new heights.<p>Ingenious engineering and the will of slightly crazy homeowners, brings architecture to new heights.

Amazing Facial Hair Designs from the 2014 World Beard and Moustache Championships

It's that time of year again! Time to enjoy the results of the 2014 World Beard and Moustache Championships. For the annual event, men flock to the competition to show off their amazing facial hair designs. The website explains, “From delicate Dali moustaches to anything-goes full beard freestyles …

Men's Fashion

Table for Two: Serious Eats Joins Flipboard

Before becoming the “missionary of delicious,” foodie Ed Levine had two great passions: baseball and jazz. After throwing one too many curveballs, …

New York City

Thomas Piketty: We don't know enough about inequality

There are few rock stars in economic and tax policy, but Thomas Piketty is one of them. The famous French economist is an authority on income inequality. His book on the subject sold out on Amazon and spent 22 weeks on the <i>New York Times</i> bestseller list this year.<p>But even after penning a 700-page …

The Dark Web Gets Darker With Rise of the 'Evolution' Drug Market

In the digital drug trade as in the physical one, taking out one kingpin only makes room for another ready to satisfy the market’s endless demand. In …

Jesse Livermore's 21 Trading Rules

Back in the early part of the 20th century, Livermore made and lost millions shorting the market.<p>"Reminiscences of a Stock Operator" by Edwin Lefevre, a fictionalized account of Livermore's path from small-time bucketeer to big-time stock trader, is one of the most widely-read and revered books on …

Stock Markets

Billions of pounds wiped off value of Scottish-linked firms in market fright

Billions of pounds were wiped off the value of companies with Scottish links and the pound was pummelled as markets took fright at the increasing prospect of Scotland voting next week to break away from the United Kingdom.<p>Investors on Monday dumped companies with exposure to Scotland, including the …

4 Strategies For Remembering Everything You Learn

• knowledge about the subject at hand, like math, history, or programming<p>• knowledge about how learning actually works<p>The bad news: Our education system kinda skips one of them, which is terrifying, given that your ability to learn is such a huge predictor of success in life, from achieving in …

Washington University in St. Louis

People Are Raving About This iPhone-Like Android Phone From China's Hottest Smartphone Company

The phone is less than a month old, but it already seems to be generating buzz among some tech bloggers who managed to get their hands on it.<p>The Mi4 comes with hardware that is impressive enough to go head to head with the likes of Apple and Samsung. It has a full HD 1080p 5-inch screen and a …

Android Phones

Europe's Bitcoin Entrepreneurs Winning Investor Seal Of Approval

The collapse of digital currency exchange Mt Gox earlier this year may have cast major doubts over the future of bitcoin, but the industry has continued to evolve at pace, and investment in bitcoin companies appears to show no signs of slowing.<p>In the second quarter of this year bitcoin start-ups …

New Bitcoin challenger launches

Stripe is diving into digital currency in a big way.<p>The San Francisco-based startup, whose technology lets businesses accept online payments, helped …

Yes, You Can Pickle That

<i>Cooking on the cheap shouldn't mean minute rice and buttered pasta every night. With a little creativity and a little planning, Gabriella Paiella shows us how to make the most of a tight budget -- without sacrificing flavor or variety.</i><p><i>Today: Pickling is so hot right now. And when done at home, it's</i> …

Comcast pushing new modems too hard

I received a letter from Comcast telling me that "Our records indicate that your cable modem needs to be upgraded in order to ensure you're getting the most out of your Xfinity Internet service." I was presented with two options: Purchase a new modem from a retailer (after checking online to make …

Telecoms

Sarah Schoenfeld Makes Art by Dropping Drugs onto Film Negatives

What you're looking at is a sample of speed that was mixed with water and dropped onto an exposed film negative. Weirdly, it looks like speed feels.<p>That big photo in the middle is a sample of speed. It was mixed with water and then dropped from a pipette onto an exposed film negative. It was then …

“Final evolution” of original Raspberry Pi gains micro-SD and lower power consumption

There’s a new iteration of the open-source Raspberry Pi computer kit: the Model B+. According to the Raspberry Pi Foundation, it’s the “final …

Gold Prices to Rise Further on Geopolitical Tensions in Middle East and Ukraine

Gold prices are set to rise next week with geopolitical tensions in the Middle East and the Ukraine expected to prop up the precious metal's …

Harvest Fund offers Chinese access to Alibaba IPO

Harvest Fund Management Co. Ltd., one of China’s largest asset managers, plans to launch a fund focused on giving Chinese investors access to shares …

Alibaba Group

How Bill Gates resurrected his favorite business book of all time

In 1991, shortly after they first met, Warren Buffett passed along John Brooks’ <i>Business Adventures</i> to Bill Gates.<p>“Oh I knew he’d like it. I mean that was written for him, it was written for me too,” Buffett says in a video introducing Gates’ review of the book.<p>It remains the best business book Bill …

Argentina - 5 Hottest stock markets in the world - CNNMoney

2014 Return: 47%<p>Argentina is living on borrowed time, but the nation's stock market has been on a tear this year.<p>The benchmark Mercado de Valores de Buenos Aires (Merval) has gained 47% since January, making it the top performer in a group of 40 global stock markets researched by Bespoke Investment …

Bank of America, DOJ talks break down and other banking reads

Did Piketty get it wrong? Analysis questions author's data

This is how they argue in economics: over spreadsheets.<p>On one side is Thomas Piketty, author of the best-selling tome "Capital in the Twenty-First Century." He argues that wealth inequality is growing and "threatens to generate extreme inequalities that stir discontent and undermine democratic …

10 peaking megabubbles signal impending stock crash

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, “the bull market may come to an end any time,” warns Jeremy Grantham, founder of the $117 billion GMO …

Gloom deepens for China property developers | Financial Times

Print this page<p>The torrent of bad news for Chinese property developers shows no sign of letting up.<p>Unsold floor space continued to surge in April. …

‘None of the Web companies are doing anything’ to protect you, say security pros

Tech giants are struggling to protect your privacy. More to the point, they’re struggling to protect themselves from public criticism.<p>And security experts say the biggest companies of them all aren’t doing nearly enough to safeguard consumers. Instead, they’re piling on the features and benefits to …

Apple stock split makes it eligible for Dow listing

Apple Inc.'s first split in nine years removes an obstacle to its inclusion in the Dow Jones industrial average: its $572 stock price.<p>The iPhone maker will exchange seven shares for each that is held on June 2, a move that if enacted at Friday's closing price would lower its shares to about $82 …

Six reasons why Chinese people will drive the next bull market in bitcoin

Whatever the case against bitcoin as an alternative currency, there’s one country where people probably won’t need much persuading to join the craze. Here’s why China could drive a further bit-boom:<p><b>1. They’ve already done the whole virtual currency thing—with Q Coin.</b><p>Or at least 100 million of them …

Cryptocurrency

Forget bitcoin, this virtual currency doubles your money every month

To produce bitcoins, processors must hum away solving mathematical problems. But mavros, another virtual currency, are simpler. They exist because Sergey Mavrodi, their creator, says they do. And while the recent spike in bitcoin value is the result of speculation on the open market, the rate for …

Bitcoin