Category Archives: Money

Gut microbes predict undernutrition

Gut microbes may predict whether or not children will suffer undernutrition as they grow, according to a study with twins in Malawi. Tens of trillions of microbes live in the gut, where they synthesize vitamins and process nutrients in the diet to keep the body healthy. These microbes and their genes, collectively known as the… Read More »

PayPal hack discoverer paid $10,000 bounty

A vulnerability that would have enabled a hacker to completely bypass the authentication system in PayPal has been patched, resulting in a $10,000 bounty for the white-hat that found it. Worth every penny, too: the flaw put 150 million PayPal customers in danger of having their account hijacked with a low-effort, simple gambit. The flaw… Read More »

Bitcoin near total collapse?

A major bitcoin exchange based in Japan has gone bust after secretly racking up catastrophic losses, a potentially fatal blow for the exotic new form of money. (Feb. 25, 2014) It was supposed to revolutionize the global monetary system. Instead, the bitcoin virtual currency that has captured the imagination of investors and financiers is on… Read More »

Blue Diamond ‘Worth Tens Of Millions’ Discovered

A massive diamond with a possible price tag of more than £36m has been discovered at a mine in South Africa. The 29.6 carat blue diamond, described as being “exceptional”, was dug up at the Cullinan mine near Pretoria – owned by Petra Diamonds. Chief executive Johan Dippenaar said: “The stones in the last year… Read More »

Well, Bitcoin is crashing

… It had to happen some time: Bitcoin is crashing. The price of the crypto-currency tumbled nearly 21 percent on Friday to $877.46 on trading site Mt. Gox and has fallen more than 29 percent since closing at a record high of $1,237.96 on Wednesday, according to Bitcoin data tracker BitcoinCharts.com. (Story continues after chart,… Read More »

Someone Just Bought $148 Million Worth Of Bitcoin

Someone just transacted $148 million worth of Bitcoin. That’s about 195,000 Bitcoins. We say transacted because there is no way of knowing whether any money actually changed hands. The Bitcoins were transferred from several Blockchain “addresses” to another single address. Addresses are basically routing numbers, and an individual’s Bitcoin wallet can contain multiple addresses. So… Read More »

Bank of America found liable in US mortgage fraud trial

Bank of America’s Countrywide Financial unit has been found liable for defrauding two US government-backed mortgage companies by a federal jury.Countrywide, which was acquired by Bank of America in 2008, was accused of selling thousands of defective loans to Fannie Mae and Freddie Mac. The ruling is a major win for the US government, which… Read More »

US Government Being Sued for Tax Fraud

One private citizen in Georgia has reportedly filed a civil suit recently against the government for tax fraud. No attorney contacted has accepted an assistance request, saying, “[I] have never heard of this kind of suit.” …if any response was given at all. The plaintiff who has not commented publicly is rowing the boat on… Read More »

Oregon bartender gets $17,500 tip

One of Aurora Kephart’s regulars at Conway’s Restaurant and Lounge in Springfield often tips her with Keno tickets from the Oregon Lottery. On Tuesday evening, the man who wishes to remain anonymous asked Kephart to choose two. When she checked the numbers, Kephart’s first ticket won $5. The second turned into a $17,500 gratuity. “The… Read More »

Study finds poverty reduces brain power

Poverty and the all-consuming fretting that comes with it require so much mental energy that the poor have little brain power left to devote to other areas of life, according to the findings of an international study published on Thursday. The mental strain could be costing poor people up to 13 IQ (intelligence quotient) points… Read More »

Looming US Financial Disaster

Unless Congress raises the debt ceiling, the Treasury Department said on Monday that it expected to lose the ability to pay all of the government’s bills in mid-October. That means a recalcitrant Congress will face two major budget deadlines only two weeks apart, since the stopgap “continuing resolution” that finances the federal government runs out… Read More »

Are the Rich Jerks? See the Science

The rich really are different from you or me. They’re more likely to behave unethically. That’s the finding of a group of studies by researchers at the University of California, Berkeley. The research shows that people of higher socioeconomic status are more likely to break traffic laws, lie in negotiations, take valued goods from others,… Read More »

Dubai offers gold to fight obesity epidemic

Dubai’s government will pay residents in gold for losing those extra pounds as part of a government campaign to fight growing obesity in the Gulf Arab emirate. … The 30-day weight-loss challenge was launched on Friday to coincide with the Muslim holy month of Ramadan, when the faithful refrain from eating and drinking during daylight… Read More »

PayPal accidentally credits man $92 quadrillion

When Chris Reynolds opened his June PayPal e-mail statement, something was off. The Pennsylvania PR executive’s account balance had swelled to a whopping $92,233,720,368,547,800. That’s $92 QUADRILLION (and change). Money that would make Reynolds — who also sells auto parts on eBay in his spare time — the richest man in the world by a… Read More »

‘Happy Birthday’: Who Owns the Rights?

Usually, “Happy Birthday” is a happy, celebratory song that often precedes cake and ice cream. But it might soon become part of a contentious legal battle. Jennifer Nelson, the president and owner of the New York based Good Morning to You Production Corp., is producing a documentary about the history of “Happy Birthday to You.”… Read More »

Florida woman claims massive Powerball pot

Somewhere, someone is kicking themselves for being nice to a little old lady. Gloria Mackenzie, 84, came forward to claim the second-largest U.S. lottery jackpot, more than two weeks after the $590.5 million Powerball drawing on May 18, Florida Lottery officials announced Wednesday. She passed up a payout spread over 30 years for a somewhat… Read More »

Solve a math puzzle, win $1 million

The Beal Prize was funded by Andrew Beal, a prominent banker who is also a mathematics enthusiast. An AMS-appointed committee will award this prize for either a proof of, or a counterexample to, theBeal Conjecture published in a refereed and respected mathematics publication. The prize money – currently US$1,000,000 – is being held in trust… Read More »

Feds shut down payment network Liberty Reserve. Is Bitcoin next?

Federal prosecutors have shut downLiberty Reserve, an alternative payment network that they say was a $6 billion scam “designed to help criminals conduct illegal transactions and launder the proceeds of their crimes.” (Read the indictment.) This is a case anyone with Bitcoins in their virtual wallet is going to want to watch very closely. (Ieva… Read More »

Flawless diamond sells for record $26.7m at auction

A flawless diamond has set a world auction record, selling for $26.7m (£17.5m). The rare Botswana-mined 101-carat diamond was sold at a Christie’s auction in Geneva. It was bought by the Harry Winston firm and beat the previous record set by the 76-carat Archduke Joseph diamond, which sold for £21m (£13.8m) in November 2012. via… Read More »

Richter painting breaks record for living artist

A 1968 oil painting by German artist Gerhard Richter has set a new record in New York for the highest auction price achieved by a work by a living artist. Richter’s photo-painting Domplatz, Mailand (Cathedral Square, Milan) sold for $37.1 million (£24.4 million) at Tuesday’s sale. Tobias Meyer of Sotheby’s called the price “a major… Read More »

“Buycott” App Lets You Boycott Monsanto And More By Scanning Items in Your Shopping Cart

In her keynote speech at last year’s annual Netroots Nation gathering, Darcy Burner pitched a seemingly simple idea to the thousands of bloggers and web developers in the audience. The former Microsoft MSFT +0.94% programmer and congressional candidate proposed a smartphone app allowing shoppers to swipe barcodes to check whether conservative billionaire industrialists Charles and… Read More »

Facebook co-founder among 679 who renounced US citizenship to avoid taxes

A quarterly publication by the Internal Revenue Service lists those citizens who voluntarily expatriate, or abandon their American citizenship — a growing number of whom are doing so to avoid taxes, according to several published reports. The latest list of those who have chosen to expatriate, published on May 8, 2013, included 679 citizens. The… Read More »

Senate OKs Internet Sales Tax With Overwhelming Bipartisan Support

The United States Senate overwhelmingly supported a tax on Internet sales today, voting 70-24 in favor of the Marketplace Fairness Act. The outcome was expected after a similar non-biding show of approval passed the Senate with roughly the same number of votes, despite extraordinary opposition from eBay and other major Internet organizations. As we’ve written… Read More »

Boston Marathon bomb blasts rock US stocks

ALMOST $9 billion has been stripped from the Australian sharemarket this morning as losses continued after US markets were rattled by the Boston blast and news of a China slowdown. Yesterday almost $15 billion was lost from Australian companies in the worst one day fall in a month on the release of figures showing the… Read More »

False White House explosion tweet roils market

A fake tweet from the account of the Associated Press sent stocks tumbling more than 140 points within minutes, erasing all of the day’s gains and then some, before bouncing back just as rapidly. The erroneous tweet, which was posted around 1:07 p.m. ET, said “BREAKING: Two Explosions in the White House and Barack Obama… Read More »

One Ton of Gold Seized in Small Car

One Ton of Gold Seized in Small Car: On the Scene – YouTube. Come on. Obviously in some places people can’t trust the banks with their money, so some are keeping their riches elsewhere. It is not impossible to save up over many years and legitimately obtain $50,000 in gold. Especially if you bought gold… Read More »

How to Buy Bitcoins Annoymously in the US… perhaps.

An anonymous member of the Bitcoin community has contributed these wonderful instructions detailing 6 simple steps to buying Bitcoins with near anonymity in the US. • • • Step 1. Download and install TOR from https://www.torproject.org/ I’m now using the Tor Browser Bundle for Windows on one of my computers with Windows 8. When I use it and… Read More »

Samoan airline says pay by weight plan fairest way to fly

A Samoan airline that says it is the world’s first carrier to charge passengers by their weight rather than per seat defends the plan as the fairest way to fly, in some cases actually ending up cheaper than conventional tickets. Samoa Air, which opened in 2012, asks passengers to declare their personal weight during booking,… Read More »

Study: More than 300,000 homes are foreclosed zombies

RealtyTrac for the first time analyzed data on zombie properties after a Reuters’ special report in January examined the special problem of zombie titles, Blomquist said. Reuters revealed the plight of people who walked away from their homes not realizing that their names remained on the deed and that they were financially liable for taxes… Read More »

Powerball winner covers rent for his neighborhood

Pedro Quezada won a $338 million Powerball jackpot—and he’s using it to pay his New Jersey neighbors’ rent, a friend tells the New York Daily News. “He’s such a good guy,” the buddy says. “He said he’s going to pay the rent for everybody here on this block for at least a month or two.”… Read More »

Could the Banksters Grab Your Bank Deposits?

… The recent news about Cyprus banks confiscating depositor’s funds sent chills throughout the financial world here and abroad. I couldn’t believe that the plan in Cyprus hinged on the idea that the bank could just steal customer’s funds to balance the bank’s books. I muttered to myself when I read the story that something… Read More »

Is Your Bank Account Safe?

Don’t be surprised when the global elite confiscate money from your bank account one day.  They are already very clearly telling you that they are going to do it.  Dutch Finance Minister Jeroen Dijsselbloem is the president of the Eurogroup – an organization of eurozone finance ministers that was instrumental in putting together the Cyprus… Read More »