David Stockman says coronavirus is sparking a financial crisis, warns ‘Wall Street is toast’

Main Street may be more resilient than Wall Street during the coronavirus crisis. Former Office of Management and Budget director David Stockman warns the pandemic is exposing risky speculation and shaky market fundamentals. “Wall Street is toast,” he told CNBC’s “Trading Nation” on Thursday. “It’s going to end as a financial crisis because the illusion that central banks always have your back and the economy would keep expanding and growing forever and ever … was complete nonsense.” Stockman, who served under President Ronald Reagan, has been forecasting an epic market…

Read More

How Israel Became A Technology Startup Nation

The State of Israel has welcomed the opportunity to self-style itself as a technology startup nation. Scotland coined the term Silicon Glen to denote its tech growth zone just outside Edinburgh and beyond, Utah has Silicon Slopes and Dubai has Silicon Oasis. Logically enough then, Israel went for Silicon Wadi as the term to symbolize the location of its tech business hub, with the term ‘wadi’ meaning dry desert river bed in Arabic and colloquial Hebrew. But why should Israel have shown its mettle in the tech market? What drove this region…

Read More

Copilot is a subscription personal finance tracker aiming to kill Mint

When Intuit acquired Mint more than a decade ago, mobile was in a different place — as were tech-enabled financial services. There hasn’t been much progress for the personal finance tracker app category in the meantime. Mint has stumbled along with integration issues and tiresome data misclassifications. For many, the best alternative has been firing up a spreadsheet. Copilot is a new personal finance-tracking app from a former Googler that seems like it could garner a following based on its slick design and ease of use. The subscription iOS app lets…

Read More

How to lose a technology cold war: Restrict visas

Last week, China’s education ministry issued a warning to students: if you’re thinking about studying in the United States, you might want to think again. Citing a rise in visa delays and refusals, officials called on students to adjust their “risk assessment” of pursuing an American education. While it might be tempting to dismiss the statement as a propaganda ploy amid a deepening trade conflict with China, the fact is that the Trump administration has taken steps that restrict Chinese students and researchers from coming to the United States, putting the…

Read More

Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

Read More

Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

Read More

Most of the ocean floor is a mystery, but this technology could help map it

The numbers are startling: According to even the most generous estimates, more than 80 percent of the world’s oceans are totally unmapped. The average ocean depth is nearly two and a half miles, and oceans cover 70 percent of the planet. Do the maths and, in terms of total volume, 99 percent of Earth’s biosphere is essentially unknown. We think we’ve explored our planet, but those statistics are sobering. Topographically, we know more about the moon than we do about Earth. The math is about to get a little brighter,…

Read More

Tencent’s latest education push is a nod to new collaborative structure

When Tencent announced it had formed a new education brand this week, the internet giant wasn’t just flexing its muscles to conquer China’s booming online education sector. The new initiative is also an early result of Tencent’s long plan to foster more internal collaboration at a time when its core businesses, the lucrative video gaming segment and the billion-user WeChat,  are under attack. Called “Tencent Education,” the new brand consists of 20 products across all six of the firm’s business groups, announced executive senior vice president Dowson Tong at the company’s annual…

Read More

Lifehacker Is Hiring a Personal Finance Writer

Do you have a black belt in salary negotiation? Are you in possession of more airline miles than everyone you know combined? Would your opinions on student loan payoff plans be considered “fascinating dinner party conversation”? Could you retire next year but would prefer instead to work in a very cool job explaining the finer points of personal finance to an audience of millions? Then we want to hear from you. Lifehacker has an immediate opening for a staff writer specializing in personal finance. This is full-time position with competitive salary…

Read More

Austin Adventures: A Passion For Family Travel

v The Austins. From left, Kasey, Dan, Andy and Carol AUSTIN ADVENTURES Dan Austin has a passion for family travel. That’s true not only of the trips he’s been offering for over two decades at Austin Adventures but in the very company he’s created. It’s a bona fide family business with his wife and two grown children, born from his adventures with them along the way. Austin Adventures takes people on hiking, biking and multisport adventures around the world, in South and Central America, Europe, Africa, and Asia. They were once known…

Read More