Gross Domestic Product-B attempts to capture the added value of things we don’t pay for, such as Facebook, WhatsApp, Google and other digital services free to the user. B stands for benefits; the benefits consumers receive from free and subsidized services.
Owners of Bitcoin have endured a wild ride in recent years. While the coin could fetch $900 when 2017 began, one year later its value briefly moved above $20,000. At present, one Bitcoin exchanges for roughly $5,000.
The coin’s substantial volatility ably explains why, at least for now, it’s not seen as a worthy substitute for the dollar. It more realistically exhibits the floating dollar’s worst qualities, many times over.
The so-called Green New Deal is only tangentially related to climate issues.
War with Russia? From Putin & Ukraine to Trump & Russiagate. By Stephen F. Cohen. Hot Books-Skyhorse Publishing, 2019. Xiii + 225 pages.
Stephen Cohen, a renowned authority on Russia, raises a question that applies more widely than the current confrontation between Russia and the United States, vital though it is that we understand that conflict. The question is this: what is the basis for our beliefs about world affairs? We have a picture of the world, but does this picture accurately depict reality, or is it, rather, the product of propaganda?
When I was a kid in the 1980s, Velcro shoes hit the stores in force. Although Puma first started using the fasteners in 1968, it was not until the 1980s that the shoes became commonplace on the street and at retail outlets.
