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World Bank sounds alarm on rising global food prices - Yahoo Finance UK

World Bank sounds alarm on rising global food prices - Yahoo Finance UK | Finance UK | Scoop.it
World Bank sounds alarm on rising global food prices Yahoo Finance UK World food prices rose in the first quarter of the year for the first time since their all-time high in August 2012, driven by rising demand in China, drought in the United...
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Counting the cost of Scotland saying Yes - FT.com

Counting the cost of Scotland saying Yes - FT.com | Finance UK | Scoop.it
If you believe the bookmakers, there is roughly a 30 per cent chance that on September 18 the people of Scotland will take a giant step into the political, economic and financial unknown by voting to leave the UK.
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London house prices rise at fastest rate on record adding £588 a day, official figures show - Telegraph

London house prices rise at fastest rate on record adding £588 a day, official figures show - Telegraph | Finance UK | Scoop.it
Land Registry's monthly index shows monthly surge of 4.2pc in London prices while values across England and Wales remain 5pc below 2007 peak (London house prices are rising at £588 a day - the fastest rate on record
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ethereum

ethereum | Finance UK | Scoop.it

 Ethereum, a new platform that will not just allow for multiple cryptocurrencies, as they are known, but also promises to host a range of decentralised applications on a single block chain. Making systems decentralised is appealing because the authorities will find them hard to shut down.

 

Initially, Ethereum users will be able to exchange bitcoins for a new currency – ether. Then, ether will be mined just like Bitcoin. But acquiring another form of digital money is not the point. Ethereum is meant to work like an operating system for cryptocurrencies. Developers can create apps, such as social networks or file storage, that sit on Ethereum's network as part of an app store.


Via unspy
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unspy's curator insight, March 12, 2014 1:37 PM

Ethereum allows for the creation of complex, yet decentralised, economic tools like financial derivatives, in which two parties can bet on the rise and fall of an asset, or crop insurance that pays out to a farmer according to a weather data feed. Creating decentralised versions of Dropbox or eBay should be possible too, claims Buterin.

Other developers are attempting to achieve the same results by overlaying new code on the existing Bitcoin block chain. One example is the concept of "coloured" coins: with bitcoins labelled to represent other assets such as gold, cars or even houses, you transfer ownership when you trade the labelled coin.

 

Buterin says Ethereum is much more flexible. "Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top."

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Is the U.S. stock market rigged?

Is the U.S. stock market rigged? | Finance UK | Scoop.it
Steve Kroft reports on a new book from Michael Lewis that reveals how some high-speed traders work the stock market to their advantage

Via Naomie Mullins
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Naomie Mullins's curator insight, April 3, 2014 10:56 AM

This does not even take into account the foreknowledge of the insiders who monitor all of our communications!

 

Naomie Mullins's comment, April 3, 2014 10:57 AM
Ryan had done work for the high-frequency traders. He knew what they were building and he knew about the colossal amounts of money they were prepared to spend. He told Brad about a company called Spread Networks that had laid a high-speed fiber optic cable from the futures market in Chicago to the exchanges in New Jersey. They spent $300 million just to shave three milliseconds off the fastest route and were leasing access to high-frequency traders at $10 million a pop.<br><br>Michael Lewis: From Brad Katsuyama's point of view, when he heard they were willing to spend that kind of money for milliseconds it told him the sums involved were vast. That was one of the first questions he said he had. He says, "All right, I'm getting ripped off. Everybody's getting ripped off. But what does it add up to?" And I think when he heard the story of Spread Networks, he realized this is tens of billions of dollars we're talking about.<br><br>Ronan Ryan also knew where all the cable was buried and had detailed maps of the fastest routes from the financial district in lower Manhattan to the various stock exchanges in New Jersey, all calculated down to the millisecond.<br><br>Ronan Ryan: So I would sit there, roll out maps, and roll out this data center as a box and a line going through it. And they had no idea what I was on about. And then I'd be like, "Hey are you guys aware of where these data centers are located? Of course you're arriving there at different time intervals."<br>
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3 Creative Ways to Make Money That You Must Try Right Now

3 Creative Ways to Make Money That You Must Try Right Now | Finance UK | Scoop.it
You'll love this post on creative ways to make money. The best part is that you need not be born with creativity in order to succeed making money from it.

Via DrKavita Shaikh
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Sovereign money: what it is and why it matters (nef)

Sovereign money: what it is and why it matters (nef) | Finance UK | Scoop.it
Our monetary system isn’t working. Only around 10% of new credit creation by banks goes to productive activity.  The current ‘recovery’ is being driven by increased and unsustainable lending for household consumption and mortgage lending – writes...

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Europe rejects UK financial tax case

Europe rejects UK financial tax case | Finance UK | Scoop.it

Europe's top court has rejected the UK's challenge to the introduction of an EU financial transactions tax (FTT), which ministers have said will damage British firms.


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Fund managers fret as Facebook pushes into financial services - FT.com

Fund managers fret as Facebook pushes into financial services - FT.com | Finance UK | Scoop.it
Facebook’s push into financial services has sparked fears among asset managers that major technology groups have the potential to destroy the livelihoods of investment companies if they decide to offer funds.
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The new UK consumer credit regime is about to take-off - Risk ...

The new UK consumer credit regime is about to take-off - Risk ... | Finance UK | Scoop.it
With some fifty thousand firms already holding an interim permission with the Financial Conduct Authority (FCA) to enable them to continue to undertake consumer credit activities beyond 1 April 2014, the UK's conduct ...
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5 credit cards that make shopping extra rewarding - MarketWatch

5 credit cards that make shopping extra rewarding - MarketWatch | Finance UK | Scoop.it
The Guardian
5 credit cards that make shopping extra rewarding
MarketWatch
By most indications, this is going to be a tough holiday-shopping season, as consumers tighten their budgets for gifts, décor, greeting cards and overall holiday cheer.
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Europe agrees pact to avoid Gordon Brown's gold sale error - Telegraph

Europe agrees pact to avoid Gordon Brown's gold sale error - Telegraph | Finance UK | Scoop.it
Renewal of Central Bank Gold Agreement will ensure central banks don't repeat the former prime minister's mistake of selling Britain's gold reserve cheap (Gordon Brown @scottishlabour personal finance advisor http://t.co/hUR1D1Hycm...
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Treasury refuses to reveal pension reform analysis - FT.com

Treasury refuses to reveal pension reform analysis - FT.com | Finance UK | Scoop.it
The government has refused a freedom of information request lodged by the Opposition to release the analysis that underpinned the radical pension reforms announced in the Budget.
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Bitcoin or Gold: Safeguards and Alternatives to the Global Monetary System - The Market Oracle


Crucially, these advancements have not led towards an increasing mass acceptance of physical gold.


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Hullcoin: The World's First Local Government Cryptocurrency?

Hullcoin: The World's First Local Government Cryptocurrency? | Finance UK | Scoop.it

A forum at Hull City Council in the UK this month saw the launch of the very first UK local government operated cryptocurrency, dubbed HullCoin.

 

The reason for this unprecedented technological act of local government is to tackle poverty, the council says, making it arguably the most worthy use of a cryptocurrency yet.


Via Sepp Hasslberger
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Sepp Hasslberger's curator insight, April 2, 2014 6:46 PM

An interesting experiment - a cryptocurrency to tackle poverty...

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Why Only One Top Banker Went to Jail for the Financial Crisis

Why Only One Top Banker Went to Jail for the Financial Crisis | Finance UK | Scoop.it
The economic catastrophe of 2008 was the largest of its kind since the Depression. Who’s taking the fall?

Via jean lievens
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PERSONAL FINANCE: Why do we need a budget? - MPNnow.com

PERSONAL FINANCE: Why do we need a budget? - MPNnow.com | Finance UK | Scoop.it
PERSONAL FINANCE: Why do we need a budget?

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Moneyseeker's curator insight, March 25, 2014 6:25 PM

The word budget to many is a dirty word, and something to be avoided unless you really have to cut back expenses.

 

It shouldn't be seen that way. Having a budget gives us choice, we know where our money is going, we can see where we can be more effective or where the 'slippage' is, we have more control over our spending.

 

We live in a society that allows us to buy now and worry about paying for it later, and if we can't pay for it later we pay the price in high interest rates to credit card and finance company's which puts even more pressure on our income and spending ability.

 

So you can either continue to drift along and hope there is enough in the bank each month to pay the bills or have a budget and have some certainty about where you are going financially.

 

Which would you rather have?  The choice is yours.

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Real estate or stocks – which will make you richer?

Real estate or stocks – which will make you richer? | Finance UK | Scoop.it
If potential home owners can take their long view to the stock market, they will see bigger returns there than in real estate (Real estate or stocks – which will make you richer?

Via Moneyseeker
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Moneyseeker's curator insight, April 8, 2014 3:07 PM

A very interesting discussion around the question of buying a home or investing in stocks and bonds.  Whilst this is a Canadian article, I think we Kiwis have the same attachment to owning our own home rather than renting.

 

As with most money questions, it isn't quite as black and white as return on investment, the emotions also play a huge part in the decision making process.

 

The numbers may show that the stock market over time gives a better return, there is still the pull of having your own property that you can put your pictures on the wall and make your own rather than being at the mercy of a landlord.

 

Gen Y may look at the equation differently as supposedly home ownership gets further out of reach.  

 

 

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UK deficit falls to lowest level since start of financial crisis

UK deficit falls to lowest level since start of financial crisis | Finance UK | Scoop.it
Government borrowing totalled £107.7bn in the fiscal year to end-March, just below the target outlined in last month's budget (UK deficit falls to lowest level since start of financial crisis http://t.co/YkSMR3zHbo)...
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Bad credit loans to avoid

Bad credit loans to avoid | Finance UK | Scoop.it
Logbook loans, Amigo loans, buying at BrightHouse - these may sound attractive if you need cash but have a poor credit rating.  But this sort of debt can sometimes end in disaster if you have money...
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Regulatory change – FCA research into vulnerable customers and consumer credit - Lexology (registration)

Regulatory change – FCA research into vulnerable customers and consumer credit - Lexology (registration) | Finance UK | Scoop.it
Regulatory change – FCA research into vulnerable customers and consumer credit Lexology (registration) The research, whilst recognising the importance of consumer credit in the UK economy, suggests a concern about consumers getting into financial...
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What Is It Like to Have Too Much Money? | Vanity Fair

What Is It Like to Have Too Much Money? | Vanity Fair | Finance UK | Scoop.it
As the super-rich buy, collect, and vacation themselves into boredom, they face a rarefied problem: how to live up to their money. A. A. Gill reports.
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