free market

3-D Printing Revolution: Printing Human Hearts

"Creating a solid, three-dimensional object from a printer sounds like science fiction but it’s very real. 3-D printing has created prosthetic legs, racing-car parts, customized mobile phones and more. 'These were experimental technologies for decades and now they’re commercial,' says Josh Brown, vice president of Fusion Analytics. 'And the applications essentially cut across every vertical from health care to defense to aerospace to manufacturing to oil and gas. There is nothing that’s not going to benefit from some of these newly commercialized 3-D technologies.'" Continue reading →

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What’s An American To Do?

"The decision by Reed Exhibitions to ban modern sporting rifles, their documentation, any pictures or even brochures of these 'products that in the current climate may attract negative attention' has caused a maelstrom of outrage. A boycott of sponsors, vendors and the NRA has grown quickly, and now virtually no major gun manufacturers will be exhibiting or participating in this year’s show. A ‘Virtual Sports Show’ has been set up to allow companies choosing to opt out of the exhibition in support of our rights under the second amendment can still connect with customers wishing to support them and purchase their products and services." Continue reading →

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BitPay Surpasses 10,000 Bitcoin Merchant Transactions, Zero Cases of Payment Fraud

"The key benefit that companies are starting to realize with bitcoin is the fraud mitigation. With credit cards, one out of every 167 transactions turns out to be fraudulent for domestic orders, and for international orders the rate is one out of every 50 transactions (source: Cybersource 2012 Online Fraud Report). Every day, more companies are starting to see the value that bitcoin can bring to their business, whether it’s reducing risk, expanding international sales, or improving efficiency." Continue reading →

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Indian Jeweler Becomes Billionaire as Gold Price Surges

"T.S. Kalyanaraman opened a shop in the southern Indian state of Kerala in 1993 and taught customers how to test the purity of their gold to expose cheating craftsmen. He was also the first jeweler in town to attach price tags to his gold and gem collection, angering competitors who accused him of ruining the trade. Two decades later, the 65-year-old has become a billionaire as a 12-year rally in gold prices fails to damp demand in India, the world’s largest consumer of the precious metal. He owns 44 stores in India and plans to open 36 more by March 2014, including five in the Middle East." Continue reading →

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‘The world needs more capitalism’ – Greta interviews Whole Foods co-CEO John Mackey

"This is really a great interview and very refreshing to hear as Whole Foods co-CEO John Mackey not only defends capitalism and free markets but tells Greta that the problem with the world isn’t that there’s too much capitalism, but that there’s not enough of it." Continue reading →

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U.S media brings glitz to increasingly urbane Mongolia

"Mongolians are avid readers and the country’s literacy rate is over 97 percent, a legacy of the Soviet-era education system which saw village boarding schools set up for nomads’ children. Even in the vast nation’s distant grasslands herdsmen are to be found reading crumpled two-week-old newspapers inside their felt-covered yurts. With its economy roaring on the back of a mining boom that fuelled 11 percent growth last year publishers now see opportunities from targeting newly wealthy Mongolians with premium-priced, Western-linked products." Continue reading →

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The safest place in the world

"Every few hundred years, wealth and power shifts. This has happened so many times before, it’s hard to even keep track. Mesopotamia. Persia. Macedonia. Greece. Roman Empire. Byzantium. Mongolian Empire. Ming Dynasty. Ottoman Empire. Habsburg Empire. French-Bourbon Monarchy. British Empire. Third Reich. United States of America. This change is as old as human civilization itself. And it’s happening again. Decades of unsustainable debt have caught up to the West, and wealth and power are once again shifting." Continue reading →

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Study: Companies from emerging markets will shape global economy in next decade

"The top 100 fast-globalising companies from rapidly developing economies are outpacing their rivals from developed economies in terms of expansion, job creation and productivity, said the Boston Consulting Group (BCG) study. These companies, which it called global challengers, grew at an annual average of 16 percent from 2008 through 2011, four times the rate of their competitors in developed countries. Their average revenue hit $26.5 billion (20 billion euros) in 2011, compared to $21 billion for the non-financial companies listed on the S&P 500 stock index." Continue reading →

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North Korea Enlists German Help to Prepare Economic Opening

"Pyongyang may be preparing to open up its economy. A report in a prominent newspaper claims the regime has enlisted the aid of German economic and legal experts to lay the groundwork for foreign investment in North Korean companies. The move could be made as soon as this year. Still, even as there are many in the country's leadership who are in favor of opening up the country to investments from Japanese, South Korean and Western companies, the professor the paper cites notes that it is far from a done deal. 'The military in North Korea,' he told the paper, 'will not want to give up power.'" Continue reading →

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BitPay Banks $510K In Investment To Become PayPal for Bitcoin, Already Has 2,100 Businesses On Board

"What makes Bitcoin so interesting is that it flies in the face of payment models that we’re used to today; it’s a push model rather than a pull one. When you give a website your credit card and billing information to buy something, the company is pulling money out of your account. Giving up that personal information isn’t the safest thing, and Bitcoin allows you to 'push' the money to a company to buy something. This means that no personally identifiable information goes with it, making eventual identity theft and fraud nearly impossible during the transaction." Continue reading →

Continue ReadingBitPay Banks $510K In Investment To Become PayPal for Bitcoin, Already Has 2,100 Businesses On Board