Weapons of Math Destruction: How Big Data Destroys Lives

 Posted by on 2016-10-24 at 22:02  big data, credit, data science, finance, money, Politics, Reblog  Comments Off on Weapons of Math Destruction: How Big Data Destroys Lives
Oct 242016
 


A few weeks ago I went with my fiancée to buy a new car. While figuring out which model would be most economical, I reminded her to factor in an increase in insurance rates, something that had happened to me the previous year. The salesman said that might not be true. Turns out he was right.

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What Is the True Cost of Owning a Home?

 Posted by on 2016-09-20 at 01:33  economics, finance, money, mortgage, real estate, Reblog  Comments Off on What Is the True Cost of Owning a Home?
Sep 202016
 


If you are making the comparison of renting versus buying a home, you need to consider all the factors. If you do a quick search online, most of the resources available will only look at mortgage payments, taxes, insurance, and maybe homeowner’s association (HOA) fees. However many of them will not discuss and outline the “other costs”. These are costs such as landscaping, snow removal, home furnishings, repairs, maintenance, replacements, and renovations. These “other costs” can add up to a lot over time.

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Wells Fargo Scandal Shows Next Bank Crisis Coming

 Posted by on 2016-09-15 at 11:53  banking, economics, finance, financial crisis, money, Reblog, wells fargo  Comments Off on Wells Fargo Scandal Shows Next Bank Crisis Coming
Sep 152016
 

There’s never just one cockroach. If you see one in the open, you know many more are still hiding. Call the exterminator. This time-honored rule also applies to banks.
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Joseph Stiglitz: ‘Monetary union was the mistake’

 Posted by on 2016-09-04 at 23:57  brexit, economics, europe, finance, money, Politics, Reblog  Comments Off on Joseph Stiglitz: ‘Monetary union was the mistake’
Sep 042016
 

I’m on my way to interview Joseph Stiglitz, economic guru of the political left, about his latest book, The Euro and its Threat to The Future of Europe. Waiting in the reception of Penguin Books, I notice on display an early, Penguin “classic” edition of George Orwell’s 1984.

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UBS: We are witnessing the end of the credit cycle, and a crash is coming

 Posted by on 2016-08-30 at 10:37  economics, Economy, finance, investing, money, Reblog, recession  Comments Off on UBS: We are witnessing the end of the credit cycle, and a crash is coming
Aug 302016
 

UBS thinks the risk of a stock market crash is growing. The era of cheap debt and plentiful liquidity is slowly drawing to an end, according to a team of UBS analysts led by Paul Winter, making it harder to use credit to juice corporate profits.

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Why the latest bitcoin hack should make you worried about your money

 Posted by on 2016-08-13 at 23:06  bitcoin, economics, finance, money, Reblog  Comments Off on Why the latest bitcoin hack should make you worried about your money
Aug 132016
 

After a recent hack resulted in the theft of $70 million worth of bitcoin, Hong Kong-based Bitfinex caused a minor panic when it announced it would spread the losses equally among all its customers, even those whose holdings weren’t touched.

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The history of money: A brief look at American currency

 Posted by on 2016-06-19 at 13:50  economics, money, Reblog  Comments Off on The history of money: A brief look at American currency
Jun 192016
 

Many people today don’t often use coins or paper money anymore, preferring instead the convenience of a credit card, debit card, or even a smartphone. But the history of currency in the United States is actually (surprisingly) very fascinating.

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