Alex Burt

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Meet The Dread Pirate Roberts, The Man Behind Booming Black Market Drug Website Silk Road

An entrepreneur as professionally careful as the Dread Pirate Roberts doesn’t trust instant messaging services. Forget phones or Skype. At one point during our eight-month preinterview courtship, I offer to meet him at an undisclosed location outside the United States. “Meeting in person is out of …

China Working Quietly To Buy Up Gold

The Fed’s preferred measures of inflation are so low they’re in the Fed’s panic zone. What gives?<p>“There’s an ideal playbook, and it would look something like this,” James Rickards, author of the <i>New York Times</i> bestseller <i>Currency Wars,</i> explained. “You’d have higher inflation than we have today, but …

Senators again try to replace dollar bill with coin

WASHINGTON – Remember the Susan B. Anthony $1 coins of the 1970s? And the 1990s version – the Sacagawea coin? Consumer advocates and five senators think it's time to give the $1 coin another chance.<p>But first — wipe out the dollar bill.<p>Eliminating the dollar bill in favor of the coin would save …

Quants: the maths geniuses running Wall Street

Forget Gordon Gekko. Old-style City traders are being replaced by maths geniuses who use super-computers to beat the markets. But are 'quants’ a force for good or evil?<p>At seven minutes past one on the afternoon of Tuesday April 23 this year a tweet from the AP news agency in Washington was …

Property bubble warning - prime London 'overvalued and could fall 20pc'

The UK’s most expensive properties risk a fall of up to 20pc in value if the withdrawal of America’s stimulus effort is not handled carefully, a new study warned.<p>If the Federal Reserve fails to engineer a smooth removal of the vast quantitative easing programme buoying global markets, it could …