Guin Yap

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The Dollar Trap

Is the U.S. dollar in decline? Since the global financial crisis, speculation has been rampant about its looming if not imminent displacement as the world’s leading currency. The logic seems compelling: The United States faces high and rising public debt, risks created by the Fed’s aggressive use …

India Official Signals Gov't Won't Save Rupee

India’s government has no plans to intervene in the currency markets, even if it feels the rupee is grossly devalued against the dollar. Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia told Karan Thapar in an interview on CNN-IBN’s co-produced news show ‘Devil’s Advocate’ that …

Wall Street Is So Obsessed With The Taper, It's Missing The Bigger Threat Coming Out Of Washington

Assuming the economic data doesn't collapse before then, this is likely to be announced in mid-September (the August jobs report will be the final number to confirm whether or not this happens).<p>But while tapering might be seen as tightening by some, such an announcement likely just represents a …

Wall Street

Russia’s central bank: why wait? | Financial Times

Print this page<p>Russia’s central bank kept rates on hold on Friday – the 11th month in a row. Is that such a big deal?<p>Yes, argues Renaissance …

¥1,000,000,000,000,000 - the size of Japan's national debt

Japan's eye-watering national debt has topped one quadrillion yen, official data showed Friday, a record figure that underlines Tokyo's struggle to curb its huge borrowing.<p>The figure supplied by the finance ministry of ¥1.008 quadrillion, or a thousand trillion by the end of June amounts to about …

Brazil’s “currency war” era is over, but its problems may be just beginning

It’s a financial lesson in being careful what you wish for.<p>Brazil’s finance minister Guido Mantega declared the existence of a “currency war” in 2010, as wealthy countries used stimulus money to lower interest rates and escape the global recession, sending yield-seeking investors to emerging …

Can The World Afford Higher Interest Rates?

That’s the end of QE tapering talk then? Not quite, but it should die down somewhat, given U.S. Fed Reserve conduit Jon Hilsenrath’s latest kiss-and-tell article in <i>The</i> <i>Wall Street Journal</i>. Thankfully, it might also stop all the blather about the U.S. and global economies recovering (they’re not) and …

Rose Byrne Wears Emilio Pucci to "The Internship" Los Angeles Premiere

<b>Rose in Emilio Pucci</b> – Actress Rose Byrne attended the Los Angeles premiere of her new film, “The Internship” held yesterday. The Australian beauty …

Europe’s problem isn’t a recession – it’s a depression

We have written about economic depression before. It is not our favourite subject. However, the recent GDP reports from Euroland raise the issue again: What exactly is happening in Euroland, and what, if anything, has to be done to fix it?<p>If, for instance, Euroland were in a recession, no policy …

Index Funds -- Low fees aren't the only advantage.

<i>Today’s guest columnist is author, Bill Schultheis.</i><p>Jack Bogle, the founder and retired chairman of Vanguard, is a legendary figure in bringing the simple concept of “index funds” to investors across the country and around the world. Though he may not have invented the index fund, his bold vision …

4 Summery Dresses From Peter Som's Collection for Anthropologie That I'm Saving Up For

I'm a little overwhelmed by the number of weddings I have to attend this summer (five weddings in two months!), but at least I'm now set in the dress department, thanks to Peter Som's first collection for Anthropologie. Peter Som is known for his floral prints, and he delivered some fun ones in …

The 11 Most Ridiculously Amazing Wedding Dresses I Spotted at Bridal Market! (Warning: Grab a Glass of Water, Because These Dresses Are HOT)

If gorgeous wedding dresses get you all hot and bothered {*Um, yeah! *}, you're going to want to turn up the AC. My most-favorite dresses from the spring 2014 runways are SERIOUSLY hot.<p><b>Wedding Dress 1:</b> Vera Wang<p><b>Wedding Dress 2:</b> Theia<p><b>Wedding Dress 3:</b> Reem Acra<p><b>Wedding Dress 4:</b> Monique</b> …

Trend Alert: This Is the Hair and Makeup Combo You Must Try for Your Next Special Occasion (So. Pretty.)

I can't help it: I always swoon over a retro, beehive-y updo. And when you go and add modern colorful eye makeup, like Dianna Agron did last night, I actually begin to experience lightheadedness. The juxtaposition is just so perfect, and so pretty, I almost can't take it.<p>Dianna isn't the only one …

Culture & Lifestyle

She wore blue for her baby brother.<p>Nothing is quite as it seems in Wind Gap, Missouri.<p>No, Harry and Meghan aren't on the list.<p>The <i>Sharp Objects</i> writer knows women can be just as brutal as men. “Power can be bloody whether it's a patriarchy or a matriarchy.”<p>Hi, "steamy romance" category.<p>We've got …

What to Wear to a Wedding

We've pulled together your best bets for every scenario.<p>So you didn't make the bridesmaid cut — well played! Now, what the hell do you wear? We've pulled together your best bets for every scenario (from the courthouse quickie to the French chateau) so you can blend in without being overlooked.

Weddings

Sweet and Spicy Chicken Drumsticks

4 to 6 Servings<p>March 2012Print<p>Ingredients<p>1/2 cup Sriracha<p>1/2 cup unseasoned rice vinegar<p>1/4 cup mirin (sweet Japanese rice wine)<p>1/4 cup red currant or strawberry jelly<p>12 large chicken drumsticks<p>Kosher salt<p>1 cup rice flour<p>1 tablespoon cornstarch<p>Recipe Preparation<p>Bring Sriracha, rice vinegar, mirin, …

The Lasagna Grilled Cheese | BS' in the Kitchen

The Lasagna Grilled Cheese<p>Author: BS' in the Kitchen<p>Recipe type: Grilled Cheese Sandwich<p>Prep time: 20 mins<p>Cook time: 10 mins<p>Total time: 30 …

Smoked Barbecue Baby Back Ribs Recipe

Tip<p>How to Thaw Beef<p>As with most meat, the safest way to thaw beef is in the refrigerator. Small cuts of beef can take up to 24 hours, while larger …

Loaded Nachos

I take nachos very seriously.<p>Very, very seriously.<p>No, I’m serious. Don’t even joke about it. I’m not even kidding.<p>I’m being serious here.<p><i>Dead serious.</i><p>…

How to short bitcoins (if you really must)

The rise of bitcoin, an electronic currency traded on an online exchange, has generated a media frenzy. Once scoffed at, its value has risen by 631% (denominated in dollars) since the start of 2013.<p>Lots of people think that means we’re in a bitcoin bubble and it will eventually pop. But if you’re …

Cryptocurrency

Paul Volcker is “too old” for bitcoin

For all you bitcoin nerds predicting the surge of the online currency: Paul Volcker doesn’t care.<p>In fact, it would seem that the eminent former chairman of the Federal Reserve—known for bringing US inflation under control in the early 1980s—doesn’t even know what bitcoin is.<p>We asked him today at a …

Business School

Why Bitcoin “millionaires” could accidentally become tax felons

If you’re an American who bought bitcoins at around $80 less than a month ago and sold them today for around $237, congratulations! You may be on your way to accidentally committing tax fraud. That’s because you’ll run afoul of authorities if you don’t report what you made on bitcoin as capital …

Bitcoin

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

The Bitcoin Boom

On March 16th, the Cypriot President Nicos Anastasiades, who’d been in office for about a month, announced a strategy to solve the country’s banking crisis. This plan, which would be funded in part by confiscating money directly from every single bank account in Cyprus—even the very smallest—met …

Bitcoin May Be the Global Economy's Last Safe Haven

One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitcoin, the Internet’s …

Now is the time to gamble on bitcoin

If you’ve got money you can afford to lose and a penchant for gambling, there’s no better time than now to plow that cash into bitcoin, the alternative currency that plunged in value over the past two days after hitting astronomical highs.<p>Let me be clear: I am not saying that, in the long run, …

Cryptocurrency

The Bitcoin Bubble and the Future of Currency

A few days ago, the value of all the bitcoins in the world blew past $1 billion for the first time ever. That’s an impressive achievement, for a …

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

Bitcoin Explained