PODCAST: European banks leery of Bitcoin
These bitcoins were minted by software engineer Mike Caldwell in his shop in Sandy, Utah.
The European Banking Authority is recommending that banks there keep away from Bitcoin, a virtual currency favored by techies, libertarians, and, sometimes, criminals.
Drivers this summer are paying the highest gas prices since 2008, in part because of the turmoil in Iraq. But mass transit riders are also feeling the sting of new rate increases in cities like Boston, St. Louis, and D.C. Some of this is driven by increasing operating costs, but even with these fare hikes, the transit systems will still lose money.
In India poor investment in cold storage warehouses and supply chain infrastructure means that a lot of food is wasted before reaching consumers-- 7 billion dollars every year.