- Median sales price "for an apartment in Manhattan in the third quarter of 2015 (July to September) climbed to roughly $999,000"
- Price has risen "almost 10% from the same quarter of last year"
- The mean sales price of a Manhattan apartment "is reported to exceed exceed $1,700,000"
- Clever Kash is "cashless money box for children" in the form of a yellow elephant with a display
- Allows parents to "transfer money to the bank account in real-time with the help of a smartphone app"
- Aim: "help children develop good money habits in the digital era"
- The CFTC "for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities"
- Ruling occurred "after the CFTC ordered two outfits, Coinflip, Inc. d/b/a Derivabit (Coinflip), to stop their Bitcoin-trading activities"
- That Bitcoin is now definitively defined "as a commodity gives those who would trade it certainty"
- "New York Governor Andrew Cuomo on Thursday called for a statewide minimum wage of $15."
- "First time that any state is attempting to set the minimum wage at this rate."
- The District of Columbia currently has the highest statewide minimum wage of $10.50."
- "Business confidence slipped to its lowest level in more than two years in August, according to the latest National Australia Bank survey."
- "NAB said on Tuesday that its main business confidence index slipped from 4 points to 1 point between July and August."
- That's the "lowest level since mid-2013."
- "A plastic £20 note will be available from 2018"
- "The new-look £20, which was last updated in 2007, will be made of polymer rather than cotton-based paper."
- "Polymer money has been lauded for being environmentally friendlier, more durable, less susceptible to fraud, and cheaper than paper."
- "HomeReady is specifically targeted toward low-income and minority households."
- Prospective buyers pay 3% down payment up front; free homeowner’s education course.
- In addition, "applicants can count income from those who won’t actually be borrowers, toward their gross income."
- "PayScale ran a study where it mined data from 650,000 surveys filled out over the last two years by Millennials."
- Seattle: median pay for Millennials, $55,500. Unemployment rate, 4%; job satisfaction rate, 70%; 29 minute commute time
- Runners up: San Francisco & San Jose.
- "The country’s benchmark index, Sensex, saw its biggest-ever intra-day fall in absolute terms."
- "Convulsed by the meltdown in China’s stock market on Aug. 24."
- "While investors pull out funds parked in China and other emerging economies, India still is an attractive market."
- Foreign visitors to Thailand hit 2.3 million in June, a 53% increase from last year.
- Finance Minister: "We are praying that tourists will forget about this incident” by October (the high season)
- Tourism accounts for as much as one-fifth of Thailand’s GDP
- referendum could see recreational use legalised; start-ups proliferating & investment $ ↑
- AngelList lists more than 300 marijuana start-ups in the US — "half were founded this year, and a third of those are in California."
- Investments in marijuana-related companies have reached $200m over the past 12 months, 4x previous year
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