A Russian entrepreneur has unveiled a “kosher” cryptocurrency called BitCoen. In two months, when BitCoen has its “initial coin offering,” the cryptocurrency will join the ranks of Bitcoin, Ethereum and more than 900 other digital currencies that are traded directly between investors over the internet. The project is the brainchild of Viacheslav Semenchuk, a self-described…
Most of the time I don’t put much stock in commenting on what other columnists have to say. (For that matter, most of the time I don’t write in first person either.) Every now and then, though, somebody puts something in print that perfectly sums up the situation we’re in, in a way that deserves…
Israel could be headed toward a housing bubble soon, warned an executive with the Organization for Economic Cooperation and Development. Peter Jarrett, the head of an OECD division that oversees 10 of the 34 member states including Israel, issued the warning, with plenty of caveats, in an interview with Globes, Israel’s economics magazine. Israel is…
A rift has opened up in the Treasury Department between those who back the Republican Party’s traditional1 Wall Street-friendly policies and those aligned with White House chief strategist Steve Bannon’s economic nationalist agenda, according to insider administration sources. “I think Gary and Steve (Mnuchin) view most of these things the same way and are pretty…
Conventional wisdom suggests that the world economy is in a slow but steady recovery from the 2008 financial crisis. Some economists, however, including Nafeez Ahmed, author of several books including “A User’s Guide to the Crisis of Civilization: And How to Save It,” are sounding the alarm about a looming global redux of that crisis…
Israel’s central bank kept its benchmark interest rate unchanged at 0.1 percent for a 24th straight month on Monday, effectively dismissing a huge boost in economic growth as an anomaly. It said extraordinary factors had boosted economic growth at the end of 2016 – a far larger-than-expected annualized rate of 6.2 percent in the fourth…
Israel’s economy shot up in the final three months of 2016 and looks set to have grown annually by 4 percent, easily outstripping the central bank’s expectations. It came on the back of robust exports, but also increased consumer spending. On an annualized basis, gross domestic product soared 6.2 percent in the fourth quarter, the…
Gary Cohn, President Donald Trump’s pick to lead the National Economic Council, will receive severance in excess of $100 million as he exits Goldman Sachs, the Wall Street firm where he was second in command. The finance behemoth will give him $100 million, and will also permit him to cash in on $23 million of…
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