Money and Computing
Scout Report: TechKnitting, Life and Death in the Artic, Ars Technica, Boston Museum of Science, Railroad History, Rockefeller Family Archives
Knitters of the web rejoice: TECHknitting can elevate your skills and answer your questions. In 1845, two ships left England to explore the Canadian Arctic, locate a northern route to China and gather geomagnetic data. Both ships and 129 men disappeared. Ars Technica will be interesting for technology news, policy analysis, scientific advancements, gadget reviews, software, hardware. Recent Neurologica posts examine the neural correlates of delayed gratification, the nature of irrational fears and thoughts on the possibly holographic nature of the universe. 15 chapters take readers from the advent of the American railroads in the 1820s, through the golden age of the 1880s and 1890s to the 1980s and onward. more »
Wealth Gap Between Middle-income & Upper-income Families Reaches Record High: Use Pew's Income Calculator to Find Out If You're In the Middle Class
The wealth of US families plunged as home prices began a rapid descent in 2006. By 2013, overall median wealth had decreased to $82,756, a loss of 40% in the space of just six years. Almost all of this erasure took place from 2007 to 2010, but there was no sign of a recovery from 2010 to 2013. Over the entire span from 1983 to 2013, the median wealth of US families was up only 6%. more »
The Federal Reserve Raises Federal Funds Rate For the First Time in Nine Years
"The Federal Open Market Committee judges that there has been considerable improvement in labor market conditions this year, and it is reasonably confident that inflation will rise, over the medium term, to its 2 percent objective. Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic outcomes, the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent." more »
Daily Fantasy Sports: States Zero in on FanDuel, DraftKings, With Eye Toward Regulation
New York and Nevada have banned the sites, labeling the games illegal gambling — rulings that the sites are challenging. But many more states are working on legislation for upcoming sessions that would subject the games to oversight or licensing. California law has a "predominant purpose test," which determines an activity to be gambling if greater than 50 percent of the outcome is derived from luck. In New York, the state has something called the "material element test," which determines that the activity is one of chance, as long as chance plays a "material role" in the outcome. more »