How the cryptocurrency boom could make or break Iceland’s economy

Iceland is welcoming a new generation of miners.

As China continues to reduce its emissions, scientists call for “cautious optimism”

It’s good news, just not *very* good news.

How much you’d pay for something depends on what prices you’ve seen recently

Well, that and how broke you are.

Aggressive driving burns up to 40% more fuel and can waste one dollar per gallon

Ah cost, the ultimate motivator.

Too much innovation wrecks weak economies, too much competition paralyzes strong ones, paper reports

Moderation is key.

Urban heat island effect could almost triple the cost of climate change in cities, burn economies to a crisp

The roof, the roof, the roof is on fireeee.

The world’s richest 8 people have more wealth than the world’s poorest 3,500,000,000

New estimates show that only eight people own more wealth than the world’s poorest 50%.

Citizens are happier in countries where the government intervenes more frequently in the economy

Who knew that governments can make people happier?

Venezuela orders 2-day work week in desperate attempt to stave off power crisis

Venezuela’s public workers will only work on Mondays and Tuesdays as the country falls deeper into crisis.

Royal Bank of Scotland: Oil may reach $16 a barrel in 2016

The Royal Bank of Scotland (RBS) has announced clients to brace for a “cataclysmic year” with a global deflation crisis, warning that many major stocks will fall and oil may reach $16.

How many slaves work for you? Find out in this online test

Income inequality and social stratification are hallmarks of today’s economy, both in the context of a single country and on an international level. Even in traditionally rich, developed, industrialized countries where life quality is high and there are plenty of goods to go round, it’s become apparent that the current way of doing things just isn’t sustainable and that too much wealth is held by too few people.

Study finds global effect of temperature on productivity

A recent study published Wednesday in the journal Nature shows that there is a strong functional relationship between a region’s average recorded temperature and economic productivity — further warning of the damage climate warming would inflict on our economy.

Sweden is becoming the first cashless country, report finds

Is going cashless really a benefit though?

How much is your university paying for journal access?

At the turn of the 1990s, scholarly publishers were increasingly concerned about what had become known as the serials crisis. Journal subscriptions were rising at an average of 10% per year, which in turn meant each year libraries were struggling harder to keep up and in, consequence, many would cancel. To counter, publishers would further increase their pricing, then more and

UK funds new cutting-edge science facilities, but forgets it needs to pay the electricity bill

The House of Lords Science and Technology Committee  has recently issued a report that laments the embarrassing lack of efficient planning and strategy of science funding in the UK. Namely, the report speaks primarily of the seemingly lack of communication between the people who write the funding projects for infrastructure and those who write the funding for operation costs. For

Half of U.S. jobs at risk of being taken over by computers

  An Oxford study that assessed the risks that the introduction of automation in work sectors currently managed by people might have on employment found that 47% of jobs in the U.S. could be replaced by computers/robots. Most of these jobs are low-wage and routine-based, however the study stresses that once with the advent of more robust computing systems capable

Japan earthquake causing damage of £100 bln, still rising

The sad loss of over 10.000 people caused by the M8.9 earthquake and the tsunamis it generated is not the only problem Japanese people will have to deal with; this major disaster is also the most costly in world history, a “title” previously held by Katrina in the US, with an estimate of £77  billion but with way less deaths.