Tag: banking
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Property or Currency? The IRS Weighs In On the Bitcoin
It’s been said that nothing’s certain but death and taxes, and while the former may not apply to the Bitcoin, the latter certainly does. The IRS has caught up with the ever-growing virtual currency. And the tax police’s new guidelines only add to the questions about what to do with the digital challenger to the…
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Can Bad Credit Crush Job Applicants?
You’ve got the qualifications. You’re dressed for the interview and your resume is state of the art. But in spite of all this, the state of your credit could derail your hopes for that dream job. Increasingly, employers are turning to credit checks to make employment decisions. But is it legal to use credit reporting…
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Exchange CEO’s Suicide Adds to Bitcoin Turmoil
The Bitcoin, pioneer of the digital currency movement worldwide and once the darling of liberty lovers everywhere, has suffered some major setbacks in its march toward acceptance as a real alternative currency. But whether – and how – the Bitcoin weathers those rough spots may prove the true test of its staying power, as the…
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Successful People Rise and Shine
Can getting up early bring more investing success? Profile after profile of the world’s most successful and wealthy people suggest that rising with the sun (or earlier) is a key habit that translates into more energy, better decision-making and increased financial success. The finance site Money Morning reports on new research by University of Heidelberg…
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Digital Currency Scams Hit the Internet
If a new financial trend woos consumers, can scam artists be far behind? As the Bitcoin and other digital currencies are alternately hailed as striking a blow for financial independence, or a tool for cybercrime and corruption, new scams are popping up that highjack the accounts of those who use high profile internet exchanges like…
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Can Scarcity Thinking Sabotage Success?
Can you really attract wealth just by changing your thoughts, as promised by self-help gurus everywhere? Though it seems that those self-proclaimed experts are attracting their own wealth just by persuading you that it’s true so you’ll buy their courses and books, psychologists and life coaches say that limiting beliefs you may not even be…
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The Federal Reserve Faces Critics At Home and Abroad
The Federal Reserve’s brand new leader has a lot on her plate. As the nation’s central bank takes the first steps toward tapering down its massive stimulus plan, it faces not just criticism from emerging markets around the globe but also from financial experts at home, who worry bout the Fed’s long-term stability. A few…
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Emerging Markets Worry About Stimulus Fallout
The Federal Reserve may be optimistic about the outcomes of its decision to taper down the ongoing bond buying stimulus program, but the rest of the world isn’t so sure. Among issues on the table at an upcoming meeting of the world’s money policymakers in Sydney are concerns that in deciding to scale back on…
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Banks Settle Up In Insurance Rate Fixing Suits
In the seemingly never ending saga of legal actions against the nation’s big banks – and sometimes their foreign counterparts as well – the action usually plays out on a government stage of the highest level, with lawsuits brought by state officials or the Justice Department itself. But a recent lawsuit discreetly settled by Bank…
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Can The World Have Too Many Currencies?
While the Bitcoin continues to grab headlines for reasons good and bad, other digital currencies are quietly staking their own claim in the international money markets. As it’s becoming clear that virtually anybody can put a digital money system in place, economists and financial experts worry about the impact these upstarts could have on the…