Archive for January, 2018

Counterfeiting for
fun and profit

January 24, 2018

Amid talk of changes wrought by digital banking, the media consistently overlook a centuries-old, venerated industry whose demise could put thousands out of work. Will no one speak up for the noble counterfeiter? Counterfeiting was inevitable from the moment currency was invented. As early as the fourth century BCE, nogoodniks in Mesopotamia were counterfeiting clay tokens. [...]

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Are branches obsolescent?

January 22, 2018

TRUE STORY: A local business owner recently pulled up to an ATM only to be greeted by an out-of-order sign. Cursing his luck, he was about to speed off in search of another ATM when at the last minute a solution occurred to him. On other side of the wall holding up the ATM was a [...]

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Is not accepting
cash legal?

January 11, 2018

It had to happen sooner or later. “No cash accepted” signs are popping up. Not long ago, CBS News Moneywatch reported that … … increasing numbers of restaurants and retailers are now snubbing the lowly dollar bill. Some merchants such as SweetGreen, a salad chain, refuse to open their registers for cash, telling customers they [...]

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The net effect
of net neutrality

January 3, 2018

Perhaps you heard: A couple of weeks ago the FCC under chairman Ajit Pai voted to repeal the 2015 regulations.  It all started in 2008, when the people at Comcast noticed a curious thing. File-transfer giant BitTorrent was consuming more and more Internet bandwidth. More, it seemed, than Comcast cared for them to consume. Comcast’s [...]

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