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Serious Business

Business & Finance

Dogloose recommends CurrenScene.com and DiamondBuyersClub.com

The Drunk In The Front Row

Written by: dogloose
Category: Serious Business
Hits: 3940

Back when I was in high school my guitar instructor gave me a lead about a local band that was looking for a guitarist. So I call them them up, speak to the manager and arrange for an audition. On the day of the audition my mom drives me down to Park Slope, which at the time was not such a good part of Brooklyn. I meet the band and the manager and I pass the audition. Boom! I’m in a band!

Read more: The Drunk In The Front Row

The Diamond Invention - Forever Means You Just Can't Sell 'Em

Written by: Edward Jay Epstein
Category: Serious Business
Hits: 4136

In spite of ups and downs over decades the price of diamonds has remained essentially stable and under total control of nothing short of a racket. Created and managed by the De Beers cartel, the value of what were once just rocks in the ground has risen to the point where they are now coveted and revered around the world. And once you buy one, well, it's yours - forever! In the February 1982 issue of The Atlantic magazine, noted author Edward Jay Epstein laid out how it all began in a piece entitled: Have You Ever Tried to Sell a Diamond? The story is both fascinating and revealing.

Read more: The Diamond Invention - Forever Means You Just Can't Sell 'Em

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Currency Blog

  • Wall Street's Obsession With Blockchain And the Future Of Banking

    Anyone who sends money abroad knows how inconvenient it is. Banks take days, sometimes weeks, to clear payments, and they collect a hefty fee in between. And God forbid, when errors occur, money vanishes into thin air.

  • INFOGRAPHIC: Libra - Cryptocurrency By Facebook In 5 Minutes

    Libra, Let’s get started: Technology has improved the world around us, it is easy to send text, pictures and documents but why not money. What if we made the money truly global, stable, and secure. What if everyone has invited to the Global economy with access to the same financial opportunities.

  • Digital Currency Doesn't Mean We're Dropping Cash

    There's interesting news out of Ecuador. The government is planning to release a new digital currency, possibly as soon as late this year. Unlike Bitcoin and other existing digital currencies, this new version will be the first digital currency released by a national central bank as an official state currency.

    Does this step indicate a "giant leap forward" for an all-digital monetary system, moving us even closer to a completely cashless society? While a total lack of cash may be somewhere in the future, we're not there yet. Not even close.

  • Microsoft versus Google. Will Android take over the ATM from Windows?

    Software that runs the internal operation of an Automated Teller Machine (ATM) has seen several waves of adaptation since the first ATMs were introduced more than forty years ago. And now the ATM industry finds itself once again at a crossroads where the next king of the hill of ATM software will be crowned. Will it be another version of Windows? Or will Google Android step in to steal Microsoft's thunder in yet another venue?