Wednesday, December 18, 2013

China Bans Payment Companies From Clearing Bitcoin   


Bloomberg News: Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges, according to China Business News, which is affiliated with the Shanghai government. Companies currently offering services must end services by … Continue reading →

Thursday, November 28, 2013

Bitcoin Is Doomed to Fail   


Edward Hadas, writing for the New York Times: Bitcoin exemplifies some of the problems of private money: Its value is uncertain, its legal status is unclear, and it could easily become valueless if users lose faith. Besides, if bitcoin ever … Continue reading →

Monday, November 25, 2013

The rapid rise and fall of daily deal Websites   


Rakesh Agrawal, writing for The Washington Post: Fast forward a few years and many merchants have related their horror stories with running Groupons. The consumers who haven’t unsubscribed from Groupon’s mailing lists just ignore the e-mails. The vast majority of … Continue reading →

Monday, October 21, 2013

Warren Buffett investment advice, c. 1975   


Zachary Seward, writing for Quartz: In 1975, shortly after joining the board of the Washington Post Company, Warren Buffett wrote a letter to the chairman and chief executive, Katherine Graham. He had some advice as to how the company should … Continue reading →

Saturday, October 5, 2013

How The Economic Machine Works   


Billionaire investor Ray Dalio: The economy works like a simple machine. But many people don’t understand it — or they don’t agree on how it works — and this has led to a lot of needless economic suffering. I feel … Continue reading →

Monday, September 23, 2013

Tale of Two Press Releases


Apple press release: Apple® today announced it has sold a record-breaking nine million new iPhone® 5s and iPhone 5c models, just three days after the launch of the new iPhones on September 20. In addition, more than 200 million iOS … Continue reading →

Sunday, August 4, 2013

Virtual Currency Gains Ground in Actual World   


Kate Murphy reporting for the New York Times: More businesses are accepting bitcoins lately thanks to Bitpay, which supplies software for processing bitcoin payments. The merchant pays a 0.99 percent fee per transaction versus the 2 to 4 percent fees … Continue reading →