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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.

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.

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.

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.

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.

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.

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.

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?

Bitcoin Conference London 2012

Mattfree88 — Sat, 21 Jul 2012 18:15:01 +0000

Bitcoin Conference London 2012

15-16 September, London

Call For Papers is now open: email proposals to genjix@bitcoin2012.com

After months of planning we are glad to announce we will be holding the Bitcoin Conference in London. The first conference was held by Mitchell Bourne in association with us. He set an amazing standard, showed us the ropes and bestowed us with considerable experience. This year he will be taking a diminished role as we take over the chariot. We hope to live up to the high standard he set last year.

HSBC Bank USA used by 'drug kingpins and rogue nations'

ecigarettes — Tue, 17 Jul 2012 21:36:58 +0000

HSBC provided a conduit for "drug kingpins and rogue nations", according to a US Senate committee investigating money laundering claims at the bank. Its report said suspicious funds from countries including Mexico, Iran and Syria had passed through the bank. The president and chief executive of HSBC Bank USA, Irene Dorner, apologised to the committee for the behaviour which she said deeply regretted. Earlier, HSBC's head of compliance, David Bagley, resigned at the hearing.

My Millionaire Boss Hit Me Up for a Romney Donation

Mattfree88 — Wed, 04 Jul 2012 18:57:39 +0000

My Millionaire Boss Hit Me Up for a Romney Donation

I work for The Villages, a large retirement community in Central Florida, and one of the top 20 privately held corporations in the state. My employer records annual sales of over $1 billion dollars, and the company's CEO, H. Gary Morse, is a multi-millionaire (possibly even a billionaire).

Local currency forming in Colorado

TheMopPetal2 — Wed, 13 Jun 2012 06:19:36 +0000

Local currency forming in Colorado called Mountain Hours.

Federal Reserve will now allow Chinese ownership of U.S. banks

awagele — Sat, 12 May 2012 15:32:57 +0000

A Federal Reserve decision to let Chinese banks acquire U.S. lenders was challenged by Senator Bob Casey, who said it could open the way for Chinese government-run institutions to undercut U.S. banks.

Unanimous: Obama Budget Defeated 414-0

Mattfree88 — Fri, 30 Mar 2012 19:28:06 +0000

Unanimous: Obama Budget Defeated 414-0

In a rare instance of bipartisanship, President Barack Obama's reckless $3.6 trillion budget for next year was defeated 414-0 late last night on the House Floor.

Republicans said Democrats were afraid to vote for Obama's proposed tax increases and extra spending for energy and welfare. Democrats said Republicans had forced a vote on a version of Obama's budget that contained only its numbers, not the policies he would use to achieve them.

Rand is not RON, we need to watch him. But he does good here.

Bill Berry — Thu, 15 Mar 2012 08:19:55 +0000

Rand Paul might be better than I give him credit for

Seventeen Years of Boom and Bust

iamodd999 — Sat, 10 Mar 2012 07:06:25 +0000

The Federal Reserve must bear responsibility for our current recession. The seeds for this recession were planted in 1995 and led to unsustainable booms and busts. Then to high unemployment, increased consumer prices, failed companies and increased debt.

Moody's: Greece Has Defaulted

ZEUSLGN — Sat, 10 Mar 2012 10:41:14 +0000

Moody's Investors Service considers Greece to have defaulted per its default definitions. The announcement comes despite Athens reaching a deal with private creditors for a bond exchange that will shave €107 billion from its €350 billion debt. The agency pointed out that even though 85.8% of the holders of Greek-law bonds had signed to the deal, the exercise of collective action clauses that Athens is applying to its bonds will force the remaining bondholders to participate.