Another bitcoin rival makes its mark in cryptocurrency world
The San Francisco firm fixed a record $30 million worth of transactions in the second quarter of 2017. The figure had reportedly tripled from the first quarter when it recorded $6.7 million in sales. Bitcoin rival ethereum gobbling up cryptocurrency market The company says the $21 million in purchases came from institutional investors, actively using Ripple’s licensed money service business.Ripple also managed to sell an additional $10.3 million XRP via sales of the asset to fund its operations.XRP finished the second quarter priced at $0.263, an impressive quarter-to-quarter spike of 1,159 percent and a year-to-date growth of 3,977 percent.The cryptocurrency is listed on 30 exchanges and is currently in third place by market capitalization after bitcoin and … [READ MORE...]
Is This the Woman Who Will Save Uber?
“Everybody was like: ‘What’s happening? Is this your date? I don’t understand. Why is this guy here?’” Ms. Saint John said. “It was such a beautiful, human moment,” one that was chronicled on her Instagram account, @badassboz, where she has more than 40,000 followers.“We’re all rushing in our lives, and I was so concerned with getting from here to there, and if not for the moment of humanity where we just started talking, that connection would not have happened,” she said. “What a miss that would have been. What a miss!”This story was part of what convinced Arianna Huffington, a founder of The Huffington Post and a high-profile member of Uber’s board, that Ms. Saint John was the right person to shepherd Uber out of its recent thicket of legal and ethical scandals.Photo … [READ MORE...]
Entrepreneurship: A New Lure for Spa Customers? A Salt Cave
Nonetheless, salt therapy, also known as halotherapy, a venerable treatment in Central Europe and Asia, is now being offered at spas, resorts and stand-alone facilities in the United States in the form of salt beds, salt rooms and salt booths. Floors and walls that are lined with salt blocks and salt crystals, and zero-gravity chairs (recliners designed to relax the back), are the norm. A device known as a halogenerator grinds sodium chloride into a dry aerosol, then disperses it to mimic the microclimate of a salt cave. AdvertisementContinue reading the main storyPerhaps unsurprisingly, salt spas seem to be sprouting in pockets of the United States that attract the rich. For example, at the Montauk Salt Cave, which opened two years ago in the Hamptons, a session costs $40 for … [READ MORE...]
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Economic Scene: Fisticuffs Over the Route to a Clean-Energy Future
The conclusion of the critique is damning: Professor Jacobson relied on “invalid modeling tools,” committed “modeling errors” and made “implausible and inadequately supported assumptions,” the scholars wrote. “Our paper is pretty devastating,” said Varun Sivaram from the Council on Foreign Relations, a co-author of the new critique. AdvertisementContinue reading the main storyThe experts are not opposed to aggressive investments in renewable energy. But they argue, as does most of the … [Read More...]
Robot Revolution: Amazon’s Move Signals End of Line for Many Cashiers
But it has become increasingly clear that parts of every job will be automated — and that the service sector is next. Although certain service jobs like health aide or preschool teacher still seem safe, others, like those in retail and food service, are already being displaced. It’s not hard to teach a machine to do routine tasks like scanning bar codes, stocking shelves or dunking fries in oil. AdvertisementContinue reading the main storyEight million people, 6 percent of American … [Read More...]
Popularity Contest: Trump Is Offering Populism, Minus the Free Candy
They dust off the policy white paper that the campaign staff issued months earlier, and spend their time on Capitol Hill trying to cobble together a coalition to pass a bill aimed at helping the people who put Mr. Trump in the White House. AdvertisementContinue reading the main storyThe bill has lots of money to fight the opioid epidemic and to invest in communities left behind by the modern economy. There is money to prop up troubled health insurance markets, so that Mr. Trump can say he … [Read More...]
Economic Trends: The Amazon-Walmart Showdown That Explains the Modern Economy
Men’s dress clothing, mine included, can be a little boring. Like many male office workers, I lean toward clothes that are sharp but not at all showy. Nearly every weekday, I wear a dress shirt that is either light blue, white or has some subtle check pattern, usually paired with slacks and a blazer. The description alone could make a person doze. AdvertisementContinue reading the main storyI used to buy my dress shirts from a Hong Kong tailor. They fit perfectly, but ordering required an … [Read More...]
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Small Business
Entrepreneurship: A New Lure for Spa Customers? A Salt Cave
Nonetheless, salt therapy, also known as halotherapy, a venerable treatment in Central Europe and Asia, is now being offered at spas, resorts and stand-alone facilities in the United States in the form of salt beds, salt rooms and salt booths. Floors and walls that are lined with salt blocks and salt crystals, and zero-gravity chairs (recliners designed to relax the back), are the norm. A device … [Read More...]
Feature: Aleppo After the Fall
Back in the souqs, I kept trying to superimpose my memories of the place. We passed near the silk merchants’ area, now blackened and silent. Before 2011, I used to stop there and visit a flamboyant young trader with a round, cherubic face. He would give me tea and drape me with scarves. His little stall was covered with pictures of gay icons like Judy Garland, a reference that his Syrian partners … [Read More...]
Your Money
Before You Pay for Financial Advice, Read This Guide
All of this means that the onus remains on savers to ensure the professional they choose is the right one. AdvertisementContinue reading the main storyHere are several questions to ask yourself when considering paying for financial advice.What kind of adviser should I work with?If you’re thinking about hiring a financial planner, read this primer first.You’ll want to hire the type of … [Read More...]
Wealth Matters: Your Child’s Tuition Is Paid While You’re in Tahiti
When Mr. Ross and his wife sailed their yacht Restless on a six-month journey that took them from the Caribbean through the Panama Canal and on to the Galápagos, Tahiti and New Zealand (with several land stops along the way), “It was nice to know someone was looking after our stuff,” he said. AdvertisementContinue reading the main storyHe set up a bank account and gave Total Personal … [Read More...]