Geoffrey Hasker

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Why are American credit card companies using outdated technology?

Target and Nieman Marcus customers are among the tens of millions whose credit cards have been compromised in recent hacks. The news is sparking a lot of questions about American credit card security. That brings us to the next part of our series on Wall Street technology. Today we're looking at …

How Companies Trick You into Thinking You’re Buying a Premium Product

Even as middle class consumers are tightening their budgets, companies are finding ways to tout “everyday luxury” products—from food to shampoo—that …

Global Auto Makers Need To Spend $3 trillion In 10 Years - McKinsey

The automotive industry is in pretty good short-term shape, judged by the new cars being paraded at the Detroit car show, but lift your eyes to the medium and long-term horizon and prospects are a bit more complicated.<p>The only cloud on the U.S. horizon now is the fear that as sales growth slows …

Silicon Valley Doesn't Have Enough Electric Vehicle-Charging Stations, And Drivers Are Freaking Out

PALO ALTO, Calif. (AP) — An increasing number of electric-vehicle driving employees at Silicon Valley companies are finding it hard to access car-charging stations at work, creating incidents of "charge rage" among drivers.<p>Installation of electric vehicle charging ports at some companies has not …

Nearly half the people in South Korea had their credit card numbers stolen by one man

The credit card information of 20 million South Koreans has been leaked, state regulators reported on January 19. In a country of 50 million, this marks one of the country’s most devastating security breaches ever. The perpetrator? Allegedly, a single engineer.<p>An employee of Korea Credit Bureau has …

Why China Is Heading For A Greek Style Crisis On A Grand Scale

For years, China and Greece have had something special in common: A long cultural history that has helped shape the modern world. And from the late 1970s to this day, they shared something else — a semi-Soviet economic model whereby a large part of the economy has been subject to the direct or …

The housing recovery leaves America separate and unequal, once again

Two years into the housing recovery, and a half-century since Martin Luther King fought for racial equality, it’s clear that homeownership doesn’t treat everyone the same.<p>While millions of homeowners of all races were affected by the burst of the housing bubble, from losing their homes to …

The World's Rich Are Not Incomprehensibly Wealthy Because They 'Work Harder'

This article is from the archive of our partner .<p>The richest 1 percent of the world is 60 times more wealthy than the poorest 50 percent, according …