Is Another Mortgage Crisis Right Around The Corner?
The U.S. could be headed for a new mortgage crisis by this summer, believes one analyst. Richard X. Bove, Vice President of Equity Research at Rafferty Capital Markets, said in a report dated March 1 that it’s looking increasingly likely…
A 1789 law and your iPhone
The following editorial appeared in the Los Angeles Times on Wednesday, March 3: ——— Should the courts order Apple to help the Federal Bureau of Investigation unlock an iPhone seized from a murderous terrorist or a dangerous criminal? For law…
‘Ransom’ software hacks dozens of governmental computers
In recent weeks there have been reports worldwide regarding cyber-attacks by a “ransom” software program. On Thursday it was revealed that dozens of Israeli governmental agencies, including four hospitals were hacked. The government has stated that no piece of information…
Visa Developing Blockchain Project
Visa is looking to develop a “secure, scalable blockchain network” as it seeks to keep pace at a time when the payments industry is undergoing a seismic digital transformation. Blockchain, the distributed ledger technology on which bitcoin is built, has…
‘Nightmare For Investors’: Trump Presidency Gives Some On Wall Street The Shivers
Donald Trump solidified his status as the dominant force Tuesday night in the Republican presidential primaries, but the growing possibility of a Trump presidency is reportedly terrifying investors on Wall Street. Some investors have started to seek shelter and sell…
The Robots Are Coming… To Take Your Job
The Robots Are Coming… To Take Your Job by Knowledge@Wharton Today, robots are increasingly handling many jobs in manufacturing that were done by human hands not more than 20 years ago. This sea change has affected a variety of industries,…
Bubble And Crash Cycles – A Tale of Two Crashes – Part II
Bubble And Crash Cycles – A Tale of Two Crashes – Part II – Part II by Jeff Nielson, Sprott Money In the first part of this series, readers were presented with two separate but related expositions. First, readers were…
U.S. Defense Secretary Says No to Encryption Backdoors
Secretary of Defense Ashton Carter came out against supporting encryption back-doors at a conference panel on Wednesday. At the RSA information security conference in San Francisco, Carter told a packed room that he supported strong encryption and thought back-door access…
Burdened By High Debt, European Banks Face A Reckoning
Burdened By High Debt, European Banks Face A Reckoning by Knowledge@Wharton Bank stocks are taking a drubbing globally, but the picture is a bit more glum in Europe. The Stoxx Europe 600 Banks Index is down about 27% over the…
Economy Worsening – International Crisis Group
AN international think-tank has described Zimbabwe as floundering, arguing that there were very little prospects of its economy recovering. In its latest report, the International Crisis Group (ICG) said political uncertainty was worsening, while the economy, which has touched a…