money

US Federal Reserve's Cold War Bunker Had $US4 Billion Cash For After The Apocalypse

New York and DC are piles of ash, but at least your cheques are clearing. That was the idea behind the Culpeper Switch, a sprawling bunker built by the US Federal Reserve to keep the banks running after nuclear apocalypse. But even some Cold War-era politicians thought it was silly.


Neat Animation Shows What European Coins Looked Like Before The Euro

The German mark. Lithuanian litas. Estonian kroon. Irish pound. Slovenian tolar. Portuguese escudo. Greek drachma. Slovak koruna. Maltese lira. Finnish markka. Dutch guilder. Spanish peseta. Luxembourgish franc. Belgian franc. Italian lira. Cypriot pound. Austrian schilling. French franc. Latvian lats. All got replaced by the euro.


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.


Withdrawing Cash With A Smartphone Could Beat The Card Skimmers

The U.S. loses more money to card fraud than the rest of the world combined — something that’s mostly down to the magnetic stripes that make their cards incredibly hackable. Although more secure technologies are coming, they will require time and money to adopt. But one kindly Canadian bank has a secure system that only needs a smartphone and a QR code.


Video Explainer: How Banks Took A Good Simple Idea And Turned It Evil

Video: Kurz Gesagt’s latest video explainer points his easily understood animation gun towards the evilness of banks and how they have transformed over time from a simple idea (helping people trade goods) into what they are now (big behemoth bullies who make money for themselves). It’s not all bad though, Gesagt also shows how things have changed for the better.


Samsung Wants To Replace Your Credit Cards With These Clever Magnets

Your next Samsung Galaxy smartphone could have a neat trick up its sleeves. Just place your phone next to any ol’ credit card reader, and press a button to pay. That’s because Samsung just announced that it’s buying LoopPay — a company that figured out how to trick magnetic stripe readers to accept your money wirelessly.


These Concept Notes Make Money So Beautiful

US currency does change from time to time, but the basic design — green/black background, a portrait on one side, and a pretty picture on the other — has stayed boring for decades. These concept designs for currency, though, are anything but boring.


How To Travel Internationally For The Very First Time

Did you know that only about 30 per cent of Australians travel abroad each year? Beat the odds, get a passport and go see the world. It’s easier than you might think. Here’s our starter guide for the new traveller.


Some Stock Broker Lost $US75,000 To Hackers Over One Email

The SEC just revealed that the vast majority of brokerages and financial advisers have been hit with cyberattacks. The agency’s report also reveals: “One adviser reported a loss in excess of $US75,000 related to a fraudulent email, for which the client was made whole.” LOL what?


The Rise And Rise Of Uber In Australia

Uber launched in Australia 2 years ago, in October 2012. If you haven’t heard of it, here’s a quick recap. Uber is a car ride-sharing service backed by Google – it allows you use its app to catch a ride from one of its drivers. Just about anyone with a car can be a driver – not just taxis, but also serviced cars and even ordinary people (like this). The benefit for the average person is simple. Because drivers don’t need to pay for expensive taxi licenses, Uber rides are generally cheaper than taxis (or so they claim).


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