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Companies Tell Employees to Find Their Own Health Insurance Policies

“Walgreen’s is the latest firm to drop an in-house health insurance plan. It will pay workers a flat rate. Workers will then have to find a decent plan. Workers will soon find how slim the pickings are. This may make insurance companies more competitive. But there is a huge problem. Large companies got low rates because everyone was insured. The law of large numbers took over. High-risk employees were offset by all the low-risk employees. Now each person will be considered as a separate applicant. High-risk people will be identifiable. Obamacare says that they must get coverage. But will they? We don’t know yet. The health care insurance exchanges are not ready for prime time yet.” Continue reading →

Atlantis: Online Drug Black Market Shuts Its Doors

“One of the sites that was more or less a copy of The Silk Road and the second largest online black market, The Atlantis Market, was forced to shut their doors for good due to ‘security’ reasons. Atlantis offered black market, anonymous items, in exchange for Bitcoin and Litecoin. Users will have one week to withdraw any of their funds before the market shuts down permanently. Below is a statement from the Atlantis team.” Continue reading →

BitPagos Uses Merchant Processing To Bring Bitcoin To Argentina

“Argentina’s currency troubles have been well documented for years. With inflation between 10 and 11% per year for most of the past decade, Argentinians have actively looked to subvert the country’s strict capital controls and obtain alternative stores of value. Historically, that has meant underground dealing in USD and EUR, but more recently has led to interest in the largely-unregulated world of bitcoin. BitPagos, a Latin American payment processing company in the latest class of the Boost.vc Accelerator, is capitalizing on that interest by adding bitcoin to their processing options.” Continue reading →

Anarcho-Perspective on Detroit is Catching On

“Detroit’s ground-up resurrection has not been created by the city, but rather, it has been enabled by the city because in spite of its seemingly unyielding regulatory environment, as presented by the media and some local businessmen, the government-regulatory complex has been too corrupt, too inept, and too inconsequential to enforce its own ridiculous dictates, for the most part. Detroit’s entrepreneurial storm that is rooted in rejection of the conventional political system is purposeful in that creative human capital actually seeks Detroit out as a place where they can potentially launch and operate innovative entrepreneurial efforts with minimal bureaucratic meddling.” Continue reading →

Late Marc Rich’s Swiss mansions for sale

“The daughters of the late expat American commodity trader and financier Marc Rich have put up for sale his luxury Swiss homes in the canton of Lucerne and the mountain resort town of St. Moritz. Rich is celebrated for making a fortune in metals such as aluminum, silver and zinc by cornering the market and in dubious dealings in oil. He became a fugitive in Switzerland after being indicted in the early 1980s on charges of widespread tax evasion, illegal dealings with Iran and other crimes.” Continue reading →

Grand Theft Auto V sales zoom past $1 billion mark in 3 days

“Grand Theft Auto V has crossed the $1 billion sales mark after three days in stores, a rate faster than any other video game, film or other entertainment product has ever managed, its creator Take Two Interactive Inc said on Friday. The latest installment of GTA, a cultural phenomenon that has sparked a national debate on adult content and violence, received strong reviews and racked up $800 million in first-day sales alone. That marked a launch-day record for the Grand Theft Auto franchise which is Take Two’s most lucrative and allows players to cruise around a make-believe gameworld based on real-life locations such as Los Angeles.” Continue reading →

10 Simple Steps to a Billion Dollar Business

“There are some great technology companies worth billions of dollars like photo-sharing website Instagram, and microblogging platform Tumblr. But…that doesn’t make them great businesses either. Mainly because they don’t actually make any money. These two are examples of a great idea that people love, but don’t pay for. But there are a lot of great ideas in the world. A lot of inventions, a lot of smart people coming up with world changing ideas. Some get lucky (like Instagram and Tumblr), some fail and some take years of hard work. For those ideas to become great companies, the pathway to that destination is relatively simple.” Continue reading →

Google teams with Apple chair to launch ‘health and well-being’ company

“Google announced Wednesday it was launching a new company focused on health and well-being, and hinted at cooperation with longtime rival Apple in the venture. A Google statement said the company called Calico ‘will focus on health and well-being, in particular the challenge of aging and associated diseases.’ Arthur Levinson, chairman and former chief executive of the biotech firm Genentech and chairman of Apple, will be Calico’s chief executive and a founding investor. Time magazine, which interviewed Page ahead of the announcement, said the details of the project were not yet clear but that it is likely to use its data-processing to shed new light on age-related maladies.” Continue reading →