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Economics News

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

2 hrs ago | Reuters

Doubts over whether Detroit bankruptcy plan gets job done

A vacant and blighted home, covered with red spray paint, sits alone in an east side neighborhood once full of homes in Detroit, Michigan January 27, 2013.

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Related Topix: Detroit, MI, Bankruptcy

6 hrs ago | The Maryland Gazette

Jennifer Lawrence contacts authorities after nude photos leaked

Oscar-winning actress Jennifer Lawrence has contacted authorities to investigate who stole and posted nude images of her online, a spokeswoman said on Monday, part of a reported mass hacking of celebrities' intimate photos.

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Related Topix: Silver Linings Playbook, The Hunger Games, Jennifer Lawrence, Computer Security, Science / Technology, Bitcoin, iCloud, Entertainment

Mon Sep 01, 2014

Cybercast News Service

Detroit's historic bankruptcy trial to begin

Lawyers for Detroit will attempt to convince a federal judge at the city's bankruptcy trial that its plans to wipe out billions of dollars in debt should be approved.

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Related Topix: Bankruptcy

The Age

Nude pics: 'I'm just an idiot'

The hunt is on to find the mysterious hacker responsible for stealing hundreds of explicit photographs of female celebrities, including Oscar-winning actress Jennifer Lawrence.

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Related Topix: Computer Security, Science / Technology, Bitcoin, Entertainment

Inside Bay Area

Cal Poly SLO seeks to cover up felon name on stadium scoreboard

Cal Poly San Luis Obispo is asking a judge to allow the university to cover up the name of a convicted felon on its stadium scoreboard.

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Related Topix: Cal Poly San Luis Obispo, San Luis Obispo, CA, Bankruptcy

West Australian

Greece close to emerging from recession

The Greek economy, in recession for six years, shrank again in the second quarter of this year, but by only 0.3 percent, revised data showed on Monday.

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Related Topix: Bankruptcy

Brandon Sun

Growing number of workers choosing to be paid with Bitcoin: payroll firm

A small but growing - and surprising - number of workers are rejecting Canadian dollar salaries for Bitcoin, according to a Waterloo, Ont., payroll firm.

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Related Topix: Bitcoin

Engadget

This 'Find My iPhone' exploit could be to blame for celebrity photo hacks

Initial reports suggested that hackers targeted the iCloud accounts of the high-profile victims, and held eager would-be-viewers to ransom on notorious bulletin-board 4Chan, demanding Bitcoin in exchange for a peek of the images .

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Related Topix: Find My iPhone, iPod touchiPad App, iPod touch App, iPad App, iPhone and iPad App, iPhone App, iCloud, Science / Technology, Bitcoin, Gadgets

The Wichita Eagle

Revel starts shutdown Monday after just 2 years

The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.

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Related Topix: Bankruptcy, University of Nevada-Las Vegas

Sun Aug 31, 2014

Examiner.com

Bitcoin bot malfunctions at BTC-e, insanity ensues

On Aug. 31 at around 2:00 a.m. EDT , the Bitcoin exchange rate began to drop. Shortly after this, at least one trading bot at BTC-e started behaving erratically , seemingly caught in a loop of buying and selling to itself or other trading bots.

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Related Topix: Bitcoin

Daily Kos

Bankruptcy, Fear, and Freedom

I recently went through a Chapter 7 bankruptcy, and I got out of it relatively intact.

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Related Topix: Bankruptcy

The Globe and Mail

Sino-Forest fraud hearing begins

Once the largest forestry company on the TSX, now-defunct firm Sino-Forest is being investigated for allegations of misrepresenting its holdings, such as this plantation in southern China.

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Related Topix: Bankruptcy, Canada,

Westland Observer

Detroit's bankruptcy battle begins

Detroit's historic Chapter 9 bankruptcy will culminate in a high-stakes court battle starting Tuesday that will determine the fate of the city's sweeping plan.

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Related Topix: Bankruptcy, Michigan

Turnto10.com

Detroit raced toward this week's bankruptcy trial

It took decades of mismanagement, malfeasance and meltdowns in its bread-and-butter manufacturing sector for Detroit to hit fiscal rock bottom.

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Related Topix: Bankruptcy, Pension, Personal Finance

GantDaily.com

Charlie Shrem to plead guilty on charges due to Bitcoin transactions

New Yourk, NY, United States - Renowned Bitcoin entrepreneur Charlie Shrem was able to hammer out a plea agreement as to his actuations on the use of the virtual currency on the illicit online marketplace called Silk Road.

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Related Topix: Bitcoin, Prison, Criminal Defense Law, Law

The Daily Caller

Another For-Profit College Bites The Dust

Nearly 10,000 students across the country are facing an uncertain future following the sudden collapse of another for-profit college system this week.

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Related Topix: Corinthian Colleges, Bankruptcy, Brookfield, WI, US News, Conservative Political News

Sat Aug 30, 2014

Times Herald-Record

Potential buyer in talks for Kingston's former Rosita's restaurant

New York City developer Charles Blaichman is in discussions with Ulster Savings Bank to purchase the shuttered Rosita's restaurant and bar in the Rondout.

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Related Topix: Bankruptcy

SavannahNow

Bitcoins: What you need to know about the cryptocurrency

While Bitcoin gains traction as a burgeoning digital payment system, the concerns regarding its use grow as well.

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Related Topix: Bitcoin

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

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

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