NEWS
Bitcoin can help people without citizenship
20.12.2014
Cross-border transactions are difficult for people without a national identity, and that’s where bitcoin can save the day, says Glen Roberts who is stateless after renouncing his US citizenship.
Glen Roberts, author of ‘How to Renounce Your U.S. Citizenship in Two Easy Steps’ gave up his nationality after living in various Central and South American countries for more than a decade. ...
Fed Seen Looking Past Low Inflation
20.12.2014
The Federal Reserve will look past low inflation and drop a pledge to keep interest rates near zero for a “considerable time” as it seeks an exit from the loosest monetary policy in its 100-year history, economists said.
As Bloomberg reports, the Federal Open Market Committee, which met in Washington, adopted a word such as “patient” to describe its approach ...
Russian Rate Jump Fails to Stop Ruble Crash
20.12.2014
The ruble plummeted into a freefall, losing as much as 19% as panic swept across Russian financial markets after a surprise interest-rate increase failed to stem the run on the currency.
The ruble sank beyond 80 per dollar, a record low, before rebounding to 68 after Economy Minister Alexei Ulyukayev denied speculation that the government would turn to currency restrictions next ...
Britain sees the lowest inflation for 12 years
20.12.2014
According to the UK Office for National Statistics, the growth of consumer prices in the state amounted to 1% year on year in November this year. Analysts already have noted that the inflation rate is the lowest for the past 12 years. The last time such a level was recorded in the autumn of 2002.
In October, the price increase has ...
The number of new buildings in the United States decreased by 1.6%
20.12.2014
The number of new houses in the United States of America, whose construction had started in November of this year, decreased by 1.6% compared to October. The information is officially confirmed by the Ministry of Commerce of the state. Traditionally, Bloomberg conducted a special survey, in which it asked the opinion of economists over the situation. It turned out that the ...
