Economics

For all its economic dynamism, China’s income mobility is bad and getting worse

2 weeks ago admin2 Comments Off on For all its economic dynamism, China’s income mobility is bad and getting worse
The decline of poverty in China is perhaps the greatest economic story of the past half-century. From 1981 to 2013, the share of Chinese people in extreme poverty, according to the World Bank’s definition, fell from 88% to 2%. This is an astonishing improvement. But it could always be better. In an ideal world, the Read More

These are the jobs done by the oldest and youngest Americans

2 months ago admin2 Comments Off on These are the jobs done by the oldest and youngest Americans
Young people sell shoes. Old people sell caskets. These are among the lessons from an analysis of US workers by data scientist Randal Olson. Olson, whose blog is full of the surprising and informative information, examined data released by the US Bureau of Labor Statistics on the ages of workers in different industries last year. Read More

America’s system of tipping at restaurants defies all economic logic

2 months ago admin2 Comments Off on America’s system of tipping at restaurants defies all economic logic
Tipping is terrible. It’s bad for all but the highest-paid servers. The American public seem to be increasingly disillusioned with it, too: According to a 2017 YouGov poll, 44% of Americans are in favor of doing away with tipping altogether and paying waiters higher wages instead, while 36% want the system to stay the same. Read More

Japan’s crackdown on Airbnb has cost the company $10 million

2 months ago admin2 Comments Off on Japan’s crackdown on Airbnb has cost the company $10 million
Japan is the latest country to wage war on Airbnb’s rising popularity in the short-term rental market, costing the company $10 million. Published 6 hours ago  |  Photo by Reuters/Toru Hanai $10 million As of Friday, property owners will have to register with the government if they want to open up their home for business through Read More

A photo from the G7 perfectly captured Trump vs. the rest of the world

2 months ago admin2 Comments Off on A photo from the G7 perfectly captured Trump vs. the rest of the world
A single photo on Angela Merkel’s Instagram says everything you need to know about this weekend’s G7 summit in Canada. The German chancellor shared the photo on June 9 and captioned it simply, “Day two of the G7 summit in Canada: spontaneous meeting between two working sessions.” In it, Merkel stares coldly, both hands braced Read More

47% of South Africans Plan to Invest in Cryptocurrencies

3 months ago admin2 Comments Off on 47% of South Africans Plan to Invest in Cryptocurrencies
Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month. South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across Read More

Researchers Chart BTC holding Periods Called ‘Hodl Waves’

4 months ago admin2 Comments Off on Researchers Chart BTC holding Periods Called ‘Hodl Waves’
Economics This week Dhruv Bansal the co-founder of Unchained Capital, a cryptocurrency based financial services lending firm released a research study called ‘Bitcoin Data Science: Hodl Waves’ part one. Bansal and his team analyzed the BTC network’s ledger of Unspent Transaction Outputs (UTXO) over a few years and discovered how when BTC lost a large Read More

Russia’s fortified finances make it easier for Putin to do what he wants

5 months ago admin2 Comments Off on Russia’s fortified finances make it easier for Putin to do what he wants
Vladimir Putin’s Russia is venturesome when it comes to things like meddling in foreign elections (allegedly), poisoning spies (possibly), and annexing parts of its neighbors’ territory (definitely). However, the country has become much more conservative about its finances, which have been fortified in part to withstand international sanctions. The country’s financial footing is improving in Read More

Warren Buffett doesn’t beat the market anymore

6 months ago admin2 Comments Off on Warren Buffett doesn’t beat the market anymore
Warren Buffett opens his annual letter to Berkshire Hathaway shareholders with a rundown of the company’s performance compared to the S&P 500, in every year since Buffett took over the former textile maker in 1965. Reviewing the figures in the most recent letter published last week, something stands out: The era of Berkshire’s routine outperformance Read More