You probably have a few extra hundred dollars you can spare on an investment—especially if you know those hundred dollars could turn into a much larger amount with the proper handling and planning. There are a few strategies you can use to create giant returns on small investments, and this guide aims to help you […]
Bitcoin and any Virtual Currency Will be Treated by the IRS as a Property
IRS informs the public on measures to be taken in the case Bitcoin virtual currency. Thus, The Internal Revenue Service has posted on irs.gov website that virtual currency is considered to be a property and is treated as such when it comes to tax. Taxes applies virtual currency as in the case of property taxes […]
The Establishment of European Banking Union in the Euro Area Will Limit Losses in the Banking Sector
Decision makers of the European Union decided on Thursday to accelerate down the European banking union by setting up an agency empowered with the authority to close problem banks in the euro area, but with no common fund to support individual bank failures. This agreement put an end to deadlock with the European Parliament, who convinced […]
The U.S. Government Can Borrow without Limits for One Year
The House of Representatives has approved raising U.S. debt ceiling until March 15, 2015, without conditions, a measure to adopt the Senate, to remove definitively any risk of default. The measure was adopted by 221 votes to 201, thanks to the support of almost all Democrats and 28 Republicans. Congress has until February 27 to adopt […]
Arguments and Explanations Pros and Cons Bitcoin
Economist Paul Krugman does not see with good eyes the rise of Bitcoin: in a post on his blog, Nobel laureate says no more, no less than that “Bitcoin is bad.” He states that a currency exchange must pass two tests to be a good exchange medium and be a reasonable value. Krugman tells how […]
ING Pay Ahead of Schedule in Netherlands, State Aid Granted
Dutch State announced Friday that it will sell a portfolio of 6.4 billion euros ($ 8.7 billion) of securities backed by mortgages that they took from ING during the financial crisis, so the Dutch bank will pay earlier than expected State aid, according to Reuters. The original agreement between the Government of the Netherlands and […]
Central Banks Take Safety Measures after Payment Default of the U.S.
Central bank leaders have discussed possible measures to address the annual meeting of the International Monetary Fund The whole world is on fire because of the situation in the United States, where began the countdown to the formal entry of payment default The initial response of central banks to a potential U.S. default entry should […]