by Jim Heath | Feb 11, 2021 | cryptocurrency, Economy, Headlines
Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in Bitcoin, expanding a campaign to promote cryptocurrencies. Bloomberg: Suarez wants to allow the City of Miami’s workers to choose to receive all or a portion of their pay in Bitcoin,...
by Jim Heath | Feb 8, 2021 | Economy, Headlines
President Biden’s proposal to raise the minimum wage to $15 per hour would cost jobs and raise the costs of good and services, but would lift nearly one million people out of poverty. The wage hike would would cost 1.4 million jobs by 2025 and increase the...
by Jim Heath | Feb 8, 2021 | Economy, Headlines
Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The California-based electric car maker headed by Elon Musk revealed the new strategy in a filing with the U.S....
by Jim Heath | Feb 2, 2021 | Economy, Headlines
The United States Mint said today it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues. Sales of U.S. gold bullion coins rose 258% in 2020 while silver...
by Jim Heath | Feb 2, 2021 | Business, Economy, Headlines
Jeff Bezos, Amazon’s founder and chief executive, will hand over the reins of the e-commerce giant this summer and transition into the role of executive chairman. Andy Jassy, the chief executive of Amazon’s cloud computing division, will be promoted to run all of...
by Jim Heath | Feb 1, 2021 | coronavirus, Economy, Headlines
Happy days aren’t quite here again, but they could be coming soon. U.S. economic growth will recover “rapidly” and the labor market will return to full strength quicker than expected thanks to the vaccine rollout and a barrage of legislation enacted in 2020,...
