I study the way big businesses control our lives. What happened to me is a chilling example.
Is economic equality worth the catastrophic events that produce it? Probably not. Victor Davis Hanson reviews Walter Scheidel’s The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century.
Moscow Stock Exchange is creating an infrastructure to trade cryptocurrencies such as bitcoin. The exchange plans to trade cryptocurrencies as well as derivatives and exchange-traded funds (ETFs) based on them. This announcement closely follows the plan by Deputy Finance Minister Alexei Moiseev to regulate bitcoin as a financial asset.
Two French bank managers were indicted today for participating in a scheme to transmit false and misleading information related to the London Interbank Offered Rate (LIBOR), a global benchmark interest rate to which trillions of dollars of financial transactions are tied. Acting United States Attorney Bridget M. Rohde of the Eastern District of New York, Acting Assistant Attorney General Kenneth A. Blanco of the Justice Department’s Criminal Division, and Assistant Director-in-Charge Andrew Vale of the Federal Bureau of Investigation’s (FBI) Washington Field Office made the announcement.
The euro has hit $1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes. Hurricane Harvey's impact has led analysts to assume the US central bank will not want to risk curbing economic growth and fears over North Korea's activities have unnerved investors. A rise in interest rates tends to draw investors to a currency, taking advantage of the higher returns.
Uber has decided to reverse its controversial move to track users even after their trips have ended. The company had claimed it would help ensure customers’ physical safety, but says the manner in which it introduced the change was wrong. Following an update last November, the app forced users to choose between letting Uber always collect their location data or never collect it.