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Economy

Africa’s Diaspora Remittances Rise To $35.2 Bn In 2015

April 22nd, 2016  |  Source: New Africa Business News.com

The World Bank and other development partners have revealed that the total money transfers by African migrants to their region or country of origin surged by 3.4% to $35.2 billion, in 2015.

The sum which includes intra-African transfers, represents 6 percent of total transfers by migrants worldwide to their region or country of origin, Ecofin agency reports.

The total migrants transfers worldwide, though lesser compared to the previous year is estimated at $581.6 billion.


Twilight of the Central Bankers

April 21st, 2016  |  Source: Strategy + Business

Mohamed A. El-Erian argues that the world’s masters of monetary policy have reached the peak of their ability to influence the course of the global economy.

The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

by Mohamed A. El-Erian, Random House, 2016

One of the more peculiar features of the past decade has been the transformation of a formerly quiet, behind-the-scenes cohort of central bankers into the most visible and consequential players in shaping the arc of the global economy.


How 4/20, the stoner’s holiday, went mainstream

April 20th, 2016  |  Source: Marketwatch.com

As legalization progresses, a counterculture movement becomes commercialized

April 20 is the national holiday for marijuana fans. It’s Thanksgiving, Hanukkah, Christmas and New Year’s Eve all rolled into one joint-filled day.


Clinton vs. Sanders: Who’s the Real ‘New Yorker’?

April 19th, 2016  |  Source: PS Magazine

The New York Primary is not just a competition for votes; it’s a test to see which candidate is the stronger representative of the city’s culture.

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How Non-Profits Help Close the Digital Divide

April 18th, 2016  |  Source: PS Magazine

A tour through the nitty gritty details of getting as many people as possible connected to the Internet.

Picture the digital divide as a literal gap: a ragged canyon running through a desert. One side’s population has Internet access. They bring laptops to cafes, walk down the street with their phones out, stream Netflix, and have corners in their living room dedicated to their unwieldy desktop computers. The folks on the other side of the canyon have no access and live in an entirely different world.


Can Artificial Intelligence Prevent the Next Financial Crash?

April 14th, 2016  |  Source: Medium.com Frog Design

The subprime financial crisis revealed that our data is only as good as our ability to analyze and understand it. AI will be necessary to helping prevent the next crisis before it happens.


FBI paid professional hackers to gain access to San Bernardino iPhone

April 13th, 2016  |  Source: The Guardian

Hackers reportedly supply zero-day exploit to allow US law enforcement entry to device, which may put older iPhones at risk of cyber criminals

The FBI reportedly bought a previously unknown security bug from a group of professional hackers to gain entry to the San Bernardino iPhone 5C, according tothe Washington Post.

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Please hold, a hacker will be with you shortly

April 12th, 2016  |  Source: Reuters

Ransomware: Extortionist hackers borrow customer-service tactics

When hackers set out to extort the town of Tewksbury, Massachusetts with "ransomware," they followed up with an FAQ explaining the attack and easy instructions for online payment.

After balking for several days, Tewksbury officials decided that paying the modest ransom of about $600 was better than struggling to unlock its own systems, said police chief Timothy Sheehan.

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Refugees Are More Connected Than Ever. Rescuers Must Be Too

April 8th, 2016  |  Source: Wired.com

At the start of his treacherous journey across the Aegean Sea in a rubber dinghy with 62 other refugees, Hassan called a friend in New York. His plan was to keep her on the line in case anything went wrong. It did. The boat sprang a leak and sank. As Hassan went overboard, he managed to hold his phone above the waves so he could tell his friend to alert the Turkish coast guard. He used WhatsApp to send her his location. He was rescued 45 minutes later.


Majority of Millennials Have 'No Idea' When Student Loans Will Be Paid Off

April 7th, 2016  |  Source: Bloomberg

More than a third of millennials say they wouldn't have attended college at all had they known the extent of the costs in advance.

The path to freedom from student debt is a long, winding, and arduous one with no end in sight for millennials. A new survey conducted online in February by research agency TNS on behalf of Citizens Bank found 59 percent of those polled have "no idea" when they will be able to pay back their student debt.




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