The Market Now

Economics


Universities' ivy-covered walls don't offer much protection from the pressures of the global economy.

Photographer: Barry Winiker/Getty Images

Universities' ivy-covered walls don't offer much protection from the pressures of the global economy.

Advanced Degrees Won’t Keep Your Pay From Falling

A common bromide about today's economy is that it rewards those with educational credentials, while pummeling folks without degrees. Cue the usual tropes of the once high-paying factory jobs that have disappeared. Now look at the chart here.

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Outside the Argentine Congress, the image of Che Guevara, a less than optimal economic thinker.

Photograph by Diego Giudice/Bloomberg

Outside the Argentine Congress, the image of Che Guevara, a less than optimal economic thinker.

The Argentine Curse Strikes Again

Argentines are finding ever more ingenious ways of avoiding currency controls. The Porsche arbitrage is the latest. Alas, this is how economic ruin works: it starts as farce, ends up as tragedy.

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With just one bridge going into San Francisco's city center, a transit strike turns traffic into a nightmare snarl.

Photograph by Justin Sullivan/Getty Images

With just one bridge going into San Francisco's city center, a transit strike turns traffic into a nightmare snarl.

No, SiliValley, It’s Not Easy to Replace Public Transit

The San Francisco Bay Area, cradle of the 21st century technology industry, is wrestling with a very 20th century problem: a transit strike. A new crop of alternative transportation startups like Uber, Lyft and Sidecar see a chance to show...

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G-Resources Group Ltd. Martabe gold mine in Batang Toru, North Sumatra province, Indonesia.

Photographer: Dadang Tri/Bloomberg

G-Resources Group Ltd. Martabe gold mine in Batang Toru, North Sumatra province, Indonesia.

Virtual Bitcoin Mining, a Real-World Environmental Hazard

Here's a puzzle: How can a virtual currency, existing in digital form on computer hard drives, demand real power and real fuel, and have real-world environmental costs? If you're struggling to think of an answer, welcome to the world of...

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The U.S. twenty-dollar bill: A widely accepted tool for everyday transactions.

Photographer: Susana Gonzalez

The U.S. twenty-dollar bill: A widely accepted tool for everyday transactions.

Bitcoin, Still Not a Currency. And Now Crashing.

Last month, I wrote a post titled “Sorry, Bitcoin Isn’t a ‘Currency’” pointing out that whatever the merits of Bitcoin as an investment, its use as an actual currency useful for buying and selling was minimal. I wrote it thinking...

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