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Economics News

Economics News continually updated from thousands of sources around the net.

2 hrs ago | Russia Taday

Ecuador set to create state-backed digital currency... to ditch dollar?

Ecuador is planning to create the world's first digital currency issued by the country's central bank, in what is seen by many as a step to abandon the US dollar, the currency now used by the Central American country.

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Related Topix: Bitcoin, Rafael Correa

6 hrs ago | TheBlaze.com

Digital Pioneer Decides to Freeze His Body in Hopes of Future ALS Cure

The first person to ever participate in a bitcoin transaction used his stash of cryptocurrency to break another unique barrier: He decided to freeze his body in hopes of being revived in the future when his ailments may have a cure.

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Related Topix: Bitcoin, Scottsdale, AZ, US Politics, US News

9 hrs ago | CBC News

Dominic Cardy says NDP will scrap corporate welfare

NDP Leader Dominic Cardy stood in front of the old Atcon site near Miramichi on Friday to promise an end to corporate welfare if his party wins the Sept.

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Related Topix: Canada, Bankruptcy

13 hrs ago | Detroit News

creditors attack

U.S. Bankruptcy Judge Steven Rhodes on Thursday tossed out a city bond insurer's blistering 'personal attack' on Detroit's chief bankruptcy mediator and ordered the creditor's attorneys to prove why they shouldn't face professional sanctions.

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Related Topix: Bankruptcy, Entertainment

Fri Aug 29, 2014

WILX-TV Lansing

Barclays to Fund Detroit Exit From Bankruptcy

Detroit's state-appointed emergency manager says Barclays PLC will provide $275 million to fund the city's exit from bankruptcy.

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Related Topix: Bankruptcy

West Australian

Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission

Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, his lawyer said Friday.

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Related Topix: Bitcoin, Reuters

Business Journal

Creative Recycling Systems files for Chapt. 11, plans to close many U.S. facilities

The receiver appointed to the Regions Bank vs. Creative Recycling Systems lawsuit in Tampa filed for Chapter 11 bankruptcy protection Friday on behalf of the company.

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Related Topix: Bankruptcy

WHAS11

'99 Homes' brings US subprime crisis to Venice

The Sunshine State looks pretty shady in Ramin Bahrani's Orlando-set drama, one of 20 films competing for prizes at the Venice Film Festival.

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Related Topix: Goodbye Solo, Subprime Mortgage Crisis, Real Estate, Home Listing, Home, Mortgage, Personal Finance

The Labradorian

Watton releases - smoking gun' in lawsuit against government

The owners of Humber Valley Resort have released an internal memo that allegedly indicates the provincial government initially had no intention of taking back expansion lands committed to the resort in 2008.

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Related Topix: Bankruptcy

Greenwich Citizen

Official reports bigger crowds at Kearney Archway

Attendance continues to climb at The Archway, a formerly bankrupt museum that spans Interstate 80 in the south-central Nebraska community of Kearney, an museum official said.

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Related Topix: Bankruptcy, Marketing

Thu Aug 28, 2014

The Republic

Ecuador heralds 'digital currency' plans

Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot control.

Comment?

Related Topix: Bitcoin, Cellphones, Rafael Correa

CBC News

Frank Anderson pleads guilty to forged document charge

An audit firm hired by the Nova Scotia government found serious deficiencies at the South West Shore Development Authority.

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Related Topix: Bankruptcy

SFGate

RadioShack Shares Have Been On An Absolute Tear

Just this week, shares of RadioShack have more than doubled, bringing the stock back above a dollar after it officially became a penny stock following a terrible first quarter report back in June.

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Related Topix: Bankruptcy, Business News

Manufacturing.net

Indiana Ethanol Plant Restarts After 2012 Shutdown

An energy company has resumed production at an ethanol plant in Indiana along the Ohio River that was shut down more than two years ago by its previous owner.

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Related Topix: Indiana, Mount Vernon, IN, Linden, IN, Bankruptcy

SFGate

Judge to consider key part of sex-abuse settlement

The Roman Catholic Diocese of Helena is asking a judge to approve an agreement with its insurers that would provide the bulk of the funding for a proposed settlement with hundreds of people who say they were sexually abused by clergy.

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Related Topix: Roman Catholic Church, Religion, Montana, Bankruptcy

Automotive News

Court rejects creditor protection for Saab owner NEVS

A Swedish court rejected an application from China's National Electric Vehicle Sweden , which bought bankrupt Saab in 2012, for protection against creditors while it concludes funding talks.

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Related Topix: Bankruptcy, Autos

Lowell Sun

Market Basket nearing point of no return?

With each day that goes by without a sale or resolution that brings workers and customers back to Market Basket, the chain keeps getting closer to a point when it can no longer keep its doors open.

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Related Topix: Bankruptcy, Comedy Movies, Arthur, UMass Lowell, Lowell, MA

The Detroit News

Daniel Howes: $4 billion loan no grand bargain for Detroit

Detroit's holdout bond insurers, facing the prospect of meager returns in the city's historic bankruptcy case, are not going quietly.

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Related Topix: Detroit, MI, Bankruptcy

Wed Aug 27, 2014

Reuters

Bitcoin shows staying power as online merchants chase digital sparkle

Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

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Related Topix: Bitcoin, us Travel, Travel, Retail, Overstockcom, Apparel, Household Products, University Village (Seattle, WA), International District (Seattle, WA), Capitol Hill (Seattle, WA)

Malaysia Chronicle

a Failure Like Proton: Time to sell or liquidate Malaysia Airlines

When I think of the many needed functions of government, owning or running an airline is not one of them.

1 comment

Related Topix: Southeast Asia, World News, Malaysia, Bankruptcy

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