Monday, March 28, 2016

Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s

Beyond the price spike, Ethereum is also attracting attention from giants in finance and technology, like JPMorgan Chase, Microsoft and IBM, which have described it as a sort of Bitcoin 2.0. The rise of the relatively new virtual currency has been …

Read more... http://www.cnbc.com/2016/03/28/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html

Legal marijuana sales forecast to hit $23B in 4 years

DENVER — Marijuana is rapidly becoming a big, semi-legal business across the country, with $5.7 billion in sales last year and tens of thousands of people working and paying taxes as they cultivate, package and sell cannabis.

Read more... http://www.usatoday.com/story/money/business/2016/03/20/legal-marijuana-sales-forecast-hit-23b-4-years/82046018/

Sunday, March 13, 2016

Vampire attack: Debt-laden companies imperil China's growth

China isn't just contending with falling stocks, a plunging currency and a slowing economy.

It's got vampire trouble, too.

The Chinese economy is pock-marked with companies that can't pay their bills and survive only with government help. Jiangshi, the Chinese call them — "vampire companies." Or zombies.

Read more... http://finance.yahoo.com/news/vampire-attack-debt-laden-companies-151812817.html
Vampire attack: Debt-laden companies imperil China's growth