Raphael Ricardo

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Why Your Cell Phone Doesn't Have a Dial Tone

In addition to the long curly cords, and the part where they are permanently attached to a wall, old-fashioned landlines have something else that …

Herbalife Shares Are Surging

<b>NOTE:</b> We wrote earlier per a CNBC report that former KPMG partner Scott London, who faces a civil complaint from the SEC over his role in an insider trading scheme involving Herbalife, passed along rumors to the effect that Herbalife could go private.<p>We have since been notified that this was taken …

Insider Trading

BofA: The World Is Developing An Inflation Problem

The real problem right now though, according to BofA Merrill Lynch economist Ethan Harris, is actually the opposite - disinflation (positive, but falling inflation rates).<p>"For central banks," many of which have a 2 percent inflation target, says Harris, "this increases the pressure to maintain …

Economics

Gold: A Great Buying Opportunity Approaches

Gold has officially entered a bear market, declining more than 20% from the September 2011 peak of US$1,924/oz. I warned in December last year and in March this year that gold was likely to fall further, even though I was optimistic on the long-term outlook. The reasoning was that gold had gone up …

BARRON'S: Bitcoin Is Why You Should Buy Gold

He sees the story as a reflection of skepticism towards fiat money as the world's central banks print away.<p>Forsythe thinks all of this makes for a bullish case for gold.<p>"[I]t is incongruous that gold—money that can't be printed, just minted—would enter a bear market Friday," he writes.<p>Indeed, gold …

Cryptocurrency

Bitcoin Is Changing The World

The story of Napster helps to explain the excitement about Bitcoin, a digital currency, that is based on similar technology. In January a unit of Bitcoin cost around $15 (Bitcoins can be broken down to eight decimal places for small transactions). By the time The Economist went to press on April …

Bitcoin

Companies jockey for position in changing U.S. space market

WASHINGTON (Reuters) - Space companies are shifting strategies to benefit from a change in how the U.S. government buys satellites, rockets and space services.<p>After years of billion-dollar cost overruns and schedule delays on complex satellite programs, U.S. officials are looking for smaller, less …

US and China form working groups to collaborate on cybersecurity, climate change

The United States and China will form working groups that focus in on two of today's most pressing issues: cybersecurity and climate change. That's according to US Secretary of State John Kerry, who outlined the plans during a visit to Beijing. The collaboration on cybersecurity is particularly …

Life on Earth… but not as we know it

Across the world's great deserts, a mysterious sheen has been found on boulders and rock faces. These layers of manganese, arsenic and silica are …