You deposit your paycheck with your bank because it’s safer there than under your mattress. And that’s true under normal circumstances. But what happens when recession looms and depositors get anxious? When too many people try to withdraw money from…
Quick Look The Federal Open Market Committee of the Federal Reserve hiked the closely watched federal funds rate by 25 basis points, or one-quarter of a percent, at its meeting in July 2023. Federal Reserve Chair Jerome Powell announced the…
Highlights In 1907, cars are unreliable luxury goods, electricity is still rare outside urban areas, and penicillin won’t be discovered for another 20 years. The world is a totally different place. Yet 1907 turns out to be a critical year…
Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by private individuals or groups. Because most cryptocurrencies aren’t regulated by national governments, they’re considered alternative currencies. In other words, they outside the bounds of state monetary policy…
Some call it the gig economy. Others call it the peer economy. Others, the collaborative economy, or “collaborative consumption.” Still others, the sharing economy. Tomayto, tomahto. More important than what it’s called is what it is. As Fast Company contributor…
During any election year, presidential candidates unveil plans and proposals, promising to solve problems ranging from taxes to immigration and health care to job creation. During the United States’ 2020 presidential primary, Sens. Elizabeth Warren and Bernie Sanders both unveiled…
Have you ever wished you could afford to quit your job? Maybe you’d love the opportunity to go back to college, start a business, or take a few years off to raise children. Or maybe you’d just like to find…
Sometimes it appears that everything just keeps getting more and more expensive. That’s certainly the impression you’d get from reading the news – every time you open the paper, it seems, there’s another story about how to cope with the…
It’s official: Our planet is hotter than humans have ever seen it before. In August 2019, The New York Times reported the previous July was the hottest month on record, and the hottest five years in history had all occurred since…
There’s a lot of buzz around the phrase “Medicare for All.” This proposal was a major feature of Democratic presidential candidate Bernie Sanders’s campaign in 2020. It also won the support of at least five other candidates, including the eventual…
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