gabril galonis

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'How I will take money from my pensions'

Some savers will welcome their new freedoms, but those on the brink of retirement, like Anthony Socrates aged 58, face a quandary<p>The radical reform of Britain’s pension system is under way, with the first of the Government’s changes taking effect two days ago. Rules governing the amount that savers …

Master’s degree debt jumped 70% since 2004

Many students consider a graduate degree a necessity for scoring a plum job. But how is a student to know which degrees are worth the …

Britain's five richest families worth more than poorest 20%

The scale of Britain's growing inequality is revealed by a report from a leading charity showing that the country's five richest families now own more wealth than the poorest 20% of the population.<p>Oxfam urged the chancellor George Osborne to use Wednesday's budget to make a fresh assault on tax …

A short history of British coins

The new £1 coin, which the government claims will be the most secure coin in circulation in the world. The 12-sided two-coloured design has the same shape as the old thruppence piece – or ‘threepenny bit’ – scrapped in 1971

Why Bitcoin Can No Longer Work as a Virtual Currency, in 1 Paragraph

A single bitcoin no longer functions like a $20 bill.<p>On Tuesday, the Internal Revenue Service ruled that it would tax Bitcoin as a property, not a currency.<p>Some see the move as helping to bring the medium into the mainstream. Now that bitcoins can be taxed, they’re reportable, and the legal …

Six big questions that the British energy industry must answer

This is the biggest investigation of the British energy markets since privatisation and deregulation began in the 1980s. But the inquiry, triggered last week by a trio of watchdogs led by Ofgem and to be undertaken by the new Competition and Markets Authority (CMA) immediately sparked dire warnings …

How One Cloud Enterprise Startup Decided To Sell To Microsoft

<b>Editor’s note:</b> <i>Tomio Geron is head of content at startup</i> <i>Exitround</i><i>. This is part of a series of posts on the tech M&A market.</i><p>When Ursheet Parikh sold his company StorSimple in 2012 to Microsoft, it was one of the largest deals in the cloud infrastructure sector to date. But that wasn’t the only thing …

You'll Never Look At The 'Wealthiest 1%' The Same Way

In recent years, as income and wealth inequality have grown as matters of concern, the term "1%" has become a popular way to connote the rise of a super-elite that has separated itself economically from the rest of society.<p>We've all seen the charts showing, in various ways, how much the 1% have …

Tesla Takes Action, Is Cleared In A Federal Safety Investigation

The U.S. government said Friday that it has closed an investigation in fires on the Tesla Motors Model S electric sedan. According to Reuters, it said it did not find a “defect trend” that led to two episodes of fires in the United States and another in Mexico.<p>On its website, the government said …

Putin's Crimea Grab Seems To Be Backfiring

Many economists believe further escalation of the crisis in Ukraine would push Russia's economy into recession for the first time since the global financial crisis.<p>Last year, the economy grew by just 1.3 percent — its lowest growth in the past 13 years barring the downturn-hit 2009. But there had …

Economy

New pensions deal gives the poor a fairer crack of the whip

Will Hutton argues against the new pensions freedoms that have been given to savers on the basis that we all benefit from "risk-pooling" when we buy an annuity ("Osborne's pensions 'freedom' will be a long-term social disaster", Comment). But he seems to ignore the fact that compulsory annuities …