Archive | Economy

How Much Should I Regret Not Buying Bitcoin?

The first bitcoin transaction ever was by man who bought two pizzas. That arrangement would be worth over a $100 million today. Regret was baked into Bitcoin from the beginning. Last year, somewhat inexplicably, Bitcoin’s price rose more than 1,000 percent. That number has since dipped, but a single bitcoin is still,…Read more… Continue Reading […]

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Why You Shouldn’t Wish for Amazon’s HQ2 in Your Town

My hometown, Pittsburgh, is on Amazon’s short list of the 20 cities where they might build their second headquarters. I love that a(nother) hot tech company recognizes that our city is a great place to be, but you know what? I kind of hope we aren’t chosen.Read more… Continue Reading at http://lifehacker.com

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How Buying Cards Works In Magic: The Gathering Arena

Wizards of the Coast’s Hearthstone-ish Magic: The Gathering Arena is a fresh take on digitizing the venerable TCG, but it’s still a game about spending money, virtual or otherwise, to collect trading cards. Here’s our first look at how Arena is handling its in-game economy. Read more… Continue Reading at http://kotaku.com

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The “Free Market” Is A Myth

Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. —John Maynard Keynes The dumbest thing that otherwise smart people glorify is the free market. It’s the central ideology of libertarians, the party of people who pride themselves on sounding much smarter than they […]

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Will Obama’s Economy Save Trump From His Own Incompetence? (Hint: Hell. No.)

Bret Stephens, the resident climate change denier at the New York Times, has a laughably dishonest warning for us: Democrats Are Walking Into a Trumpian Trap. I was curious what he was on about because, let’s be honest, Trump isn’t smart enough to successfully lay traps and whenever he tries, …Continue reading Continue Reading at https://thedailybanter.com

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Welcome to an American City Where the Government Barely Exists

On Woodward Avenue in Highland Park, Michigan, a historical marker stands in front of a derelict industrial building. It reads, “Here at his Highland Park Plant, Henry Ford in 1913 began the mass production of automobiles on a moving assembly line…Mass production soon moved from here to all phases of American…Read more… Continue Reading at […]

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Saving Detroit’s Auto Industry Doesn’t Just Mean Saving Old White Guys

The storied automotive industry is inextricably tied to the American Dream—and, as Donald Trump and the media constantly remind us, full of older white workers losing their footing in a changing country. Jerry Villagrana, an automotive engineer based in Detroit who is about to be stationed in Mexico, smashes that…Read more… Continue Reading at http://jalopnik.com

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Hacker Reflects On 20 Years Of Exploiting MMO Security Flaws For Money

A hacker going by the name Manfred spent much of the last two decades finding ways to make money by manipulating the economies inside MMOs. This weekend he shared his story with a crowd at Def Con 2017 in Las Vegas and argued for better security in online games.Read more… Continue Reading at http://kotaku.com

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Hacker Reflects On 20 Years Of Exploiting MMO Security Flaws For Money

A hacker going by the name Manfred spent much of the last two decades finding ways to make money by manipulating the economies inside MMOs. This weekend he shared his story with a crowd at Def Con 2017 in Las Vegas and argued for better security in online games.Read more… Continue Reading at http://kotaku.com

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Hacker Reflects On 20 Years Of Exploiting MMO Security Flaws For Money

A hacker going by the name Manfred spent much of the last two decades finding ways to make money by manipulating the economies inside MMOs. This weekend he shared his story with a crowd at Def Con 2017 in Las Vegas and argued for better security in online games.Read more… Continue Reading at http://kotaku.com

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87% of Trump Voters are Still Excited That Donald Trump is Destroying America

The latest polling show Donald Trump’s approval rating is at literally historic lows:Barring a sudden turnaround this week, Trump will conclude his first six months in office as the most unpopular president, at that point in his first term, since modern polling began.Trump’s approval rating as of …Continue reading Continue Reading at https://thedailybanter.com

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Right-Wing Claim That Trump Has Saved America $1 Trillion Is A Hilarious Failure

As the weeks and months of the Twitter presidency of Donald J. Trump move along, his allies are getting desperate for successes to tout to prove that their hero is truly making America great again. Trump got Neil Gorsuch on the Supreme Court and a healthcare bill through one house of Congress. But …Continue reading […]

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What to Do When You Need $100, Fast 

A new poll from Bloomberg suggests that almost half of Americans would have a hard time affording a $100 emergency, like a speeding ticket, medical bill, or other unexpected expense. Consider the idea that maybe this says less about the financial habits of Americans than it does our garbage economy.Read more… Continue Reading at http://lifehacker.com

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Finally, Some Good News for Grads: Starting Salaries Are on the Rise

Headlines say the job market is improving, but it’s more likely that it’s just changing—the gig economy has saved workers from unemployment, but it’s also kept a lot of them from earning a full-time wage. Speaking of which, wage growth is in the toilet. It’s not all doom and gloom, though. There’s good news for […]

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