The Greek government shut all banks in the country on June 29 after the European Central Bank capped emergency funding to the lenders. Cash withdrawals from ATMs are now limited to €60 a day (about US$67) for Greek citizens. Foreigners who can find an ATM with cash are exempt from the limit, but cash-poor tourists are finding it very hard to find ATMs with money.
Jeb Bush recently announced his candidacy for president by declaring that “our country is on a very bad course” and promised to fix this with the striking promise of “4% growth, and the 19 million new jobs that come with it.”
The former governor stated in his speech that he grew the Florida economy by that much every year during his two terms in office. Can he deliver the same growth in gross domestic product (GDP) for the entire US if elected? Continue reading
I have learned five important things about driverless cars since I published a blog post entitled “Cops may feel biggest impact from driverless car revolution.“
1) Self driving cars get into accidents! Continue reading
Recently, business headlines around the world announced that the “U.S. Recovery Stumbles Yet Again.” These headlines trumpeted news that the U.S. economy shrank by 0.7% during the first quarter of 2015. This 0.7% figure is a large exaggeration of what actually happened to the economy last winter. Continue reading