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Now bitcoin is crashing along with the drop in technology stocks

Now bitcoin is crashing along with the drop in technology stocks

Finance
Bitcoin suddenly plummeted Monday, after jumping over the weekend to an all-time high.The decline came as major U.S. technology stocks fell for a second straight day on concerns that the sector has risen to unsustainable levels.At least two major bitcoin exchanges also had problems Monday. "Coinbase is currently experiencing high traffic & customers have receive(d) a 'service unavailable' message when visiting Coinbase.com," according to a statement on the exchange's status website dated June 12 at 2:08 p.m. ET.The exchange accounts for nearly 17 percent of U.S. dollar-denominated bitcoin trade volume, according to Cryptocompare, and had reported outages in late May amid "unprecedented traffic and trading." The BTC-E exchange tweeted at 2:06 p.m., ET, that it was hit by distributed den...
Should animals be allowed to roam freely on jets?

Should animals be allowed to roam freely on jets?

Finance
FLYING can be a stressful and nerve-wracking experience. For those with mental-health issues it must be doubly so. One way in which vulnerable travellers deal with their anxiety on a plane is to take on board an “emotional support animal” (ESA). Such creatures provide succour for their owners. Unlike guide dogs, they “do not require any kind of specialised training,”  according to CertaPet, an organisation that provides such services. “In fact,” reckons CertaPet, “very little training is required at all, provided that the animal in question is reasonably well behaved by normal standards.”That sounds like an easy and effective way to help sufferers. It was distressing to read, therefore, of the emotional support dog that mauled a passenger on Delta flight from Atlanta to San Diego earlier t
A new paper rekindles a tiresome debate on immigration and wages

A new paper rekindles a tiresome debate on immigration and wages

Finance
WHAT effect do immigrants have on native wages? It’s perhaps one of the most important questions of labour economics. It's also one that is largely unanswerable. The problem is that it's almost impossible to separate cause and effect. If a country with high rates of immigration also sees strong wage growth, we can’t assume that immigrants are boosting wages—it may well be the case that the migrants are choosing to move to places with stronger economies.One approach to getting around this problem is to find a natural experiment in which either the supply of or demand for labour changes exogenously. Perhaps the most famous example of such an event in labour economics is the Mariel Boatlift. In 1980, Fidel Castro, then president of Cuba, eased emmigration restrictions. Some 125,000 Cubans mov
Do you understand exchange-traded funds? Here are some investing tips

Do you understand exchange-traded funds? Here are some investing tips

Finance
Many analysts are predicting that exchange-traded funds will continue to sweep up assets in 2017. ETFs recorded $ 288.6 billion of inflows in 2016 and closed the year with nearly $ 3 trillion in assets under management.Traded on exchanges just like stocks, these index-tracking investments have attracted investors with their trading flexibility, low costs and tax efficiency. Yet how well do investors actually understand the funds they're buying?As with any investment, advisors and individual investors should be ready to undertake careful due diligence before buying an ETF. One common source of confusion when it comes to these funds is that there are often sizable discrepancies between ETFs whose naming conventions sound very similar yet utilize very different approaches in terms of how they...
Britain’s political outlook seems toxic to investors

Britain’s political outlook seems toxic to investors

Finance
SUDDENLY Britain looks a lot less attractive as a home for international investors. The Conservative party under Theresa May gambled on a snap election to deliver a "mandate for Brexit". It unveiled a muddled manifesto that alienated voters and was out-campaigned by the veteran left-winger Jeremy Corbyn. The party lost its overall majority and will now be propped up by the very odd ducks in Ulster's Democratic Unionist party.The markets reacted less severely than might have been expected. That seems to be based on the view that a "soft Brexit" looks more likely. But it is far from clear that this is the case. David Davis, Britain's Brexit minister, seems to be ploughing ahead with plans to leave the single market and the Labour leadership is unlikely to oppose this. Moody's, the credit rat