Free Talk Live - Submitted news - Economics

North Dakota, socialist haven?

PC Harris — Sun, 31 Mar 2013 14:13:02 +0000

North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation’s most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person. But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America.

Tradehill Exchange Adds Dark Pools Of Bitcoin Liquidity - Forbes

roryn3kids — Thu, 28 Mar 2013 23:54:55 +0000

Tradehill is a U.S-based exchange that falls within the definition of FinCEN’s regulations for virtual currency exchange operators. “Bitcoin’s primary use is value transmission and financial technology in the U.S. is a very regulated space,” according to Tradehill COO Ryan Singer. The company has anticipated this regulation and the recent guidance from FinCEN “really helps the startups in the space build a compliance game plan,” he added.

Expensify Now Offers Support For Bitcoin, An Alternative To PayPal

roryn3kids — Wed, 27 Mar 2013 18:39:59 +0000

Expensify has announced it is now supporting Bitcoin to give international contractors an alternative to PayPal and the high fees associated with the service.

Jeff Berwick Announces Opening Of First Bitcoin ATM in Cyprus

roryn3kids — Mon, 25 Mar 2013 11:55:13 +0000

Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, announced Monday his plans to open the world’s first Bitcoin ATM in Cyprus, citing the ongoing bank bailout, bank closures and capital controls now being pushed in that country. According to Berwick, who sold Stockhouse last decade which at the peak of the tech bubble was worth $240 million, Bitcoin ATM has the world’s first software enabling a two-way, automated Bitcoin market.

Bitcoin convention extraveganza! The future of payments.

awagele — Fri, 15 Mar 2013 16:18:44 +0000

May 17-19 is the monster Bitcoin convention in San Jose, CA. Everyone will be there so don't miss it.

eEconomics: the best youtube channel you've never heard of

kayekm — Sat, 02 Mar 2013 08:31:24 +0000

This guy is brilliant! A hilarious take on the sequester and debt ceiling. David Angelo is quite a talent.

Going Postal: 12 Stamped Out & Abandoned Post Offices

Deslock Darkstar — Tue, 19 Feb 2013 09:16:12 +0000

Coming soon to a neighborhood near you! -- Since the only thing rapid about “snail mail” is the speed it’s fading into disuse, no one should be surprised at the growing number of abandoned post offices. These once-proud centers of commerce and communication are, one by one, following video rental stores and record shops into irrelevance and extinction.

Embracing Markets, Opposing “Capitalism”

StrayLite — Sat, 26 Jan 2013 04:28:14 +0000

mainstream print and electronic media regularly use “capitalism” to refer to “the economic system we have now.” And it’s relatively common to hear “capitalism” employed as a synonym for “dominance of workplaces and society by capitalists—by the owners of substantial capital assets.” Libertarian principles as I understand them entail support for capitalism in neither of these senses.

1 man's perspective on current events.

nick26891 — Tue, 18 Dec 2012 05:02:11 +0000

A Demcad video. His analysis on current events in the United States.

The Keynesian thought patten, writ large

Jking8767 — Sat, 08 Dec 2012 16:16:23 +0000

Let’s get one thing straight: America is not facing a fiscal crisis. It is, however, still very much experiencing a job crisis. In fact, of course, it’s just the opposite: The danger is that the deficit will come down too much, too fast. And the reasons that might happen are purely political; we may be about to slash spending and raise taxes not because markets demand it, but because Republicans have been using blackmail as a bargaining strategy, and the president seems ready to call their bluff.

Reality check regarding Hostess bankruptcy

phonon — Mon, 19 Nov 2012 17:06:14 +0000

Hostess has been sold at least three times since the 1980s, racking up debt and shedding profitable assets along the way with each successive merger. The company filed for bankruptcy in 2004, and again in 2011. Little thought was given to the line of products, which, frankly, began to seem a bit dated in the age of the gourmet cupcake.

Twinkies maker Hostess going out of business

MattD — Fri, 16 Nov 2012 14:41:24 +0000

Nearly 18,500 workers will lose their jobs as the company succumbs to the crippling effects of a nationwide union strike.

Bitcoin Friday! One day sale from tons of Bitcoin merchants!

awagele — Thu, 08 Nov 2012 22:11:10 +0000

Bitcoin Friday! This is a Pre-Black Friday of sorts. A one day sale event at all Bitcoin merchants along with a unified attempt at advertising Bitcoin businesses. This means we need your help in two ways: please buy something with your bitcoins and please tell the world that Bitcoin businesses exist!

78 percent of Bitcoin currency stashed under digital mattress

stuntmantdave — Wed, 17 Oct 2012 12:56:59 +0000

More than three-quarters of the digital coins in the Bitcoin digital currency scheme aren't circulating because they remain dormant in user accounts that have never participated in outgoing transactions, a recently published study has found.

Leave the Fed Alone

MuslimNonarchist — Sat, 15 Sep 2012 18:02:05 +0000

"The Federal Reserve is a private corporation, and libertarians have no business asking Congress to audit or abolish privately held companies..."

Insurance Abuse? Anti-Venom Cost ER Patient $40k in US, $100 in Mexico

TaxedOut — Wed, 05 Sep 2012 20:59:16 +0000

Arizona Hospital Charges Woman $83,000 To Treat Scorpion Sting which includes two doses of anti-venom at nearly $40,000 per dose that is sold for $100 per dose in Mexican pharmacies. Now explain to me again that why health care costs are rising?