MONEY & FINANCE

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On Sept. 7, 2021, El Salvador will become the first country to make bitcoin legal tender. The government even went a step further in promoting the cryptocurrency’s use by giving US$30 in free bitcoins to citizens who sign up for its national digital wallet, known as “Chivo,” or “cool” in English. Foreigners who invest three bitcoins in the country – currently about $140,000 – […]
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Small donations can add up to big bucks. That’s the promise of crowdfunding, a process by which entrepreneurs and nonprofits raise money online from individuals instead of banks and investors. Last year, 6.4 million crowdfunding campaigns worldwide brought in $34 billion, according to the crowdfunding data company Fundly. But most of those campaigns didn’t live up […]
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Many of us see the stock market as an investment engine for building companies and generating wealth, but the truth is that the stock market works more like an extraction engine. It depletes corporations while contributing to the concentration of wealth. The Stock Market is an Aftermarket Our distorted view of the stock market starts when we believe that buying shares in a publicly-traded company actually invests […]
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The rise of environmental, social and corporate governance investment (ESG) as a prioritization strategy is driving change in the financial landscape, obliging many companies to get on board. Some observers see the reorientation of investment priorities toward sustainability as a $30 trillion market opportunity, while others insist that, regardless of the money involved, companies must integrate it into […]
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  3. TECHNOLOGY
The announcement last week by El Salvador’s President Nayib Bukele that his country would be adopting bitcoin as legal tender, made during a live broadcast at the Bitcoin 2021 conference held in Miami, and subsequently approved four days later by the Central American country’s Parliament, sent the cryptocurrency’s share price up by 5%. In recent weeks, Bitcoin’s value had been hit by increasingly stringent controls over its use in […]
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  2. MONEY & FINANCE
The Turkish government has made a clumsy move to prevent its people seeking refuge against a weak lira (its exchange rate has fallen from €0.45 in 2012 to €0. 10 now), by banning bitcoin, a useless decision criticized by the main opposition party that has caused a temporary fluctuation in the value of bitcoinprompted by the nervousness of those who do not […]
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  3. MONEY & FINANCE
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A lengthy article in The Wall Street Journal, China creates its own digital currency, a first for major economy, outlines the likely impact of Beijing’s initiative and the strategic possibilities it offers in terms of avoiding US blockades of its companies, how this will boost its role in international transactions, while allowing it to monitor its […]

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Microsoft is to offer subscribers password-free access to their accounts — it had been doing so for corporate customers since last March — and by popularizing its use, is moving closer to a future in which passwords will give way to much more efficient and secure authentication systems. The feature requires downloading Microsoft Authenticator, which will require permissions […]

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I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […]

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