As online commerce expands, so will the advent and use of digital currencies. Economists are divided over whether such currencies could retain value and whether or not they are sound enough to compete with physical currencies. That won’t stop the techies and those who seek anonymity from developing and using them. As the marketplace becomes more and more virtual, it’s inevitable that currencies will follow.
One frequently cited example of how the U.S. can turn around its image in a difficult environment is humanitarian missions abroad.
Photo by My Wave Pictures Over time, symbols take on lives of their own, and it is increasingly possible for leaders to employ a method of propaganda known as transfer to get people to agree to ideas and policies by associating them with those symbols. When done effectively, this causes the intended target or targets…
Photo by Green Explorer (Tom) 3. Bergen, Norway Surrounded by seven hills and seven fjords, Bergen is an utterly beguiling city. The beautiful Unesco World Heritage listed Bergen as its centrepiece, and nature, be that mountains, fjords, or the sea, is never far away. But you’ll also discover a dynamic cultural life, one a city…
Auto repair can be costly. In times like these, where many Americans are feeling the pinch of the economy, having something break on your car can be devastating. Garages charge nearly $100 an hour in labor in addition to the markup on parts. Even a simple job can leave an unwanted dent in your already…
Stock market transactions suffer from two “information asymmetry” issues. The first is that professional traders know more about almost everything related to stock trading than retail investors. This is not due mainly to academic degrees in finance; mostly it is because these guys live, eat, breathe, and sleep trading. The burn-out of full-time professional traders…
3. Regulation The best way to ensure kids don’t use drugs is to legalize them. To many who haven’t studied the issue, this seems counter intuitive. Obviously though, if criminalization succeeded at those ends, we would have eradicated drug use by now. Today kids have a harder time getting alcohol than drugs, the primary reason…