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Serious Business

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Dogloose recommends CurrenScene.com and DiamondBuyersClub.com

The Drunk In The Front Row

Written by: dogloose
Category: Serious Business
Hits: 4058

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: 4261

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

  • Bad Time to Be a US Bank

    U.S. bank stocks are getting dumped like it's 2011. Shares of Bank of America and Morgan Stanley plummeted by 13% apiece in the two days after the shocking Brexit vote. Even though banks and the broader markets are rallying on Tuesday, Goldman Sachs is still down 22% this year. That makes the elite investment bank the worst Dow stock in 2016.

  • Taiwan Heist Highlights ATM Weaknesses

    The theft of $2.2 million from dozens of ATMs in Taiwan, executed using malicious software, defies a years-long effort by banks and software vendors to strengthen the security controls of ATM fleets.

  • How Fraud Victims 'Punish' Their Banks

    Would you leave a bank after an unauthorized charge on a credit card or a strange debit from an account? It's a question for financial institutions evaluating the impact of a security breach.

    A new study by Carnegie Mellon University researchers suggests that some customers will, in fact, leave even if they receive quick refunds of losses due to fraud. The study is one of only a few correlating the impact of a fraud incident on customer loyalty.

  • INFOGRAPHIC: The Incredible Growth of Fintech

    As a truly modern trend, Fintech stretches out to all major aspects of life. Get to know the most fascinating numbers and facts about one of the most booming industries of our days in the infographic that follows. Thanks to our friends at 16BEST and another big shout out to Josh Wardini and his team at WebmastersJury for putting together this incredible infographic.