Economy

Will sports betting help the economy?

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Sports betting is at an all time high right in Las Vegas, with a record $1 billion being bet on MLB baseball this past 2016 season. The football season isn’t finished, but it is on pace to break records as well. Last year “only” $1.6 billion was bet on football …

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Social Costs of Online Gambling from an Economic Perspective

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Over the years, a number of studies have been conducted regarding online gambling in other to figure out how it affects economy and society in general. Some of the main costs identified by the different studies on the social front include: Increased cost of social service Psychological illnesses Suicide Bankruptcy …

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Barcelona plans to introduce its own currency and bank notes

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The city of Barcelona is preparing to move forward with a plan to introduce its own currency, despite warnings from Spain’s central bank. The new so-called “social currency” would be used to buy local goods and services at a discount while having a one to one parity with the euro. …

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Jim Rickards: Prepare for Trump win & 2018 financial crisis

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Jim Rickards is known for his big calls, and he’s not holding back ahead of next month’s US Presidential Election, predicting the price of gold could surge should Donald Trump emerge victorious. “Markets are fully priced for Hillary; gold, stocks, everything is priced for a Hillary victory. If she wins, …

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HSBC warns: major stock market crash is imminent

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The technical analysis team at HSBC is warning recent stock market moves look eerily similar to just before 1987’s ‘Black Monday’, which saw the largest one-day market crash in history. On October 19, 1987, the Dow Jones Industrial Average which comprises the 30 large US publicly traded companies, lost 22.6 …

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Business Owners: The Pros and Cons of Line of Credit VS Business Loans

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Business owners are bound to find themselves in a cash crunch occasionally even if they are dogged disciples of financial prudency. An accident might foist an emergency need to purchase equipment or inventory on you. You might have accounts receivable that didn’t materialize in good time, you might find an …

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Billionaires move gold into underground bunkers in Swiss Alps

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Seeking to avoid increased tax authorities’ scrutiny and apparently doubting the security of banks, it seems that some billionaires opt to store their assets in gold bullion in underground bunkers hidden deep in the Swiss Alps. The Foreign Account Tax Compliance Act (FATCA), a US federal law, has come into effect, …

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