Tag: Economic News

Viral Video Shows Wealth Inequality in America

This video starts out by pointing out how few Americans know about the true inequality in America:   A Harvard Business professor and economist asked more than 5,000 Americans how they thought wealth was distributed in the United States. He then asked them what they thought the ideal should be. 92 percent, that’s at least… Read More

The African Gold Rush: 2014 NYU Africa Economic Forum

  On Saturday, Apr. 26, NYU Stern Africa Business Club (“Stern in Africa”), NYU Africa House and Wagner Student Association for Africa will host the Third Annual Africa Economic Forum (AEF).  With the theme, “The African Gold Rush: Realities of Africa’s Economic Growth and Potential,” the program this year will illustrate the economic realities many… Read More

Bitcoin Experience Problems, Dogecoin Grows in Popularity

The closure and eventual bankruptcy filing of Mt. Gox has created a frenzy of news stories regarding the future viability and regulation of the bitcoin exchange. In the midst of  bitcoin’s problems, however, another cryptocurrency called “dogecoin” is continuing to grow in popularity.   Dogecoin was originally created as a parody of other cryptocurrencies, such… Read More

Former Largest Bitcoin Exchange Market Mt. Gox Files for Bankruptcy

On Friday, Feb. 28, Mt. Gox filed for bankruptcy protection in a Tokyo court. The Mt. Gox exchange stopped trading entirely earlier in the week, on Monday, Feb. 24, and had stopped all withdrawals from the site earlier in the month due to fraud and security issues.   (Related: Mt. Gox Shuts Down, Skeptics Worry… Read More

Mt. Gox Shuts Down, Skeptics Worry and Other Bitcoin Exchanges Take Its Place

The bitcoin business is risky.   Mt. Gox, one of the largest markets for trading the bitcoins, shut down Tuesday morning. The company later announced that they had closed off transactions “in order to protect the site and our users.” Users who had bitcoins in the Mt. Gox exchange were (and still are) unable to access… Read More

Kickstarter Security Breach Scare

  Crowdfunding website Kickstarter announced last Saturday that it had experienced a security breach earlier in the week. Yancey Strickler, Kickstarter CEO, blogged to users in an attempt to ease some of the fears already running high—especially with the very recent public hackings of retail giants, Target and Neiman Marcus.   Strickler reassured Kickstarter users that… Read More