economics

Wearables Are All About Giving You A 'Rich-Person Experience'

Over the weekend, economist Paul Krugman wrote an interesting column for the New York Times that explains why Apple is emphasising wealth and luxury in its Apple Watch campaigns. Krugman believes that’s because all wearables are aimed at giving you an experience that only super rich people can have.


What Are These Bizarre Anti-Banking Ads Doing In New York's Subways?

Bizarre ads for TransferWise, a P2P money-transfer system, have cropped up overnight in NYC’s subways. I had many questions: who is this guy? Why his face? What is he selling me? Turns out the more you try to learn about TransferWise, the sketchier the whole thing becomes.


Why America's Internet Is So Shitty And Slow

You may have heard that the internet is winning: net neutrality was saved, broadband was redefined to encourage higher speeds, and the dreaded Comcast-Time Warner Cable megamerger potentially thwarted. But the harsh reality is that America’s internet is still fundamentally broken, and there’s no easy fix.


No, A Cryptocurrency Can't Fix A Broken Economy

Auroracoin, the digital currency given as a free hand-out to every resident of Iceland, was supposed to be a a salvo for a country rankled by a broken financial system. It was heralded as the beginning of hyper-localised crypto-currencies; it became the second-largest crypto-currency before it even launched, valued at half a billion dollars at its peak.


Why Are These Massive Cargo Ships Trapped At 29 US Ports?

You’ve probably read about it, even if it didn’t really register. Something about a backlog. Something about unions. Imports and exports. Now the dispute that’s paralysing 29 ports on the US West Coast has the potential to affect all of us — and to empty the shelves in countless stores.


How Asteroid Mining Could Pay For Our First Space Colony

Many of us dream of living on other planets, but are two things we’ll need before it can actually happen: money and raw materials. Now some companies say they have a solution to this problem. They will mine asteroids for valuable metal ores, and for basic resources like water that we’ll need once we’re far from Earth.


The First Licensed US Bitcoin Exchange Will Open Today

The bitcoin service provider Coinbase is set to make history later today: it’s going to launch the first licensed US exchange for the currency, approved in 24 jurisdictions around the country.


Brazil Is Keeping Its Promise To Avoid The US Internet

Brazil was not bluffing last year, when it said that it wanted to disconnect from the United States-controlled internet due to the NSA’s obscenely invasive surveillance tactics. The country is about to stretch a cable from the northern city of Fortaleza all the way to Portugal, and they have vowed not to use a single US vendor to do it.


Questions For The '90s: Should Robots Pay Taxes? Can Africa Be Saved?

The March-April 1986 issue of The Futurist magazine looked at the far off, futuristic decade of the 1990s. In an article titled “Issues for the 1990s”, Edith Weiner and Arnold Brown examined what they saw as the emerging concerns of the world. Well, the world as seen from 1980s America.


Nigeria's Using A Biometric ID Card That Doubles As A Debit Card

Make all the “Dear Friend” email scam jokes that you want — Nigeria now has one of the most sophisticated government-issued ID systems in the world. A new nationwide card that rolls out this week collects biometric information to prevent fraud and includes a debit card feature backed by MasterCard.