Obama's Fmr. Chief Economic Advisor On Bitcoin's Usefulness: “Hahahaha. ROTFL”
Eighty-seven percent of the nation’s top economists think that the digital currency, Bitcoin, has “limited usefulness.” Given the growing popularity of the enigmatic currency, the University of Chicago conducted its famous Initiative on Global Markets (IGM) poll of 38 of the world’s top economists, to see how experts felt about its longterm future. By far the best response came from the former Chairman of the President’s Council of Economic Advisers, Austan Goolsbee, who simply wrote, “Hahahaha. ROTFL.” Bitcoin is a digital currency designed by an anonymous programmer that is produced by “miners” who contribute expensive computing power to solving the mathematical puzzles necessary to bring more of the scarce currency into existence. Early speculators and anarchy-friendly buyers gave the crypto-currency an early boost, eventually earning it mainstream acceptance at popular websites, including the home of lonely netizens, OkCupid. Even after months of wild swings in ...
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Karen Lewis CTU head again
Chicago Teachers Union President Karen Lewis, an often controversial leader who took on Mayor Rahm Emanuel in a strike last fall and has been leading the fight against the district's plan to close schools, was reelected to a second three-year term Friday, according to preliminary and still unofficial results released by the district.
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Coalition Vows to Fight Koch Bros. Purchase of Tribune's Newspaper Empire
A coalition of media advocates, labor unions, community groups, and citizens concerned about the 'rightwing' takeover of some of the nation's largest newspapers by the powerful Koch brothers are vowing to fight the rumored attempt of the billionaires' purchase of the Tribune media company which owns the Chicago Tribune , Los Angeles Times , Baltimore Sun , and others.
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Algeria contemplates future without ailing Bouteflika
ALGIERS - Ill-health may force veteran Algerian President Abdelaziz Bouteflika, now in hospital in Paris, to hasten his departure from power, plunging a youthful, restless nation into an uncertain political transition.
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Reuters
Venezuela's New Leader Visits Cuba, Meets With Castro
Nicolás Maduro met with former Cuban President Fidel Castro in Havana on Saturday, an indication Venezuela's new president will maintain the same close relations with the Communist island nation as that of his late predecessor, Hugo Chávez.
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