PODCAST: Bitcoin hits Wall Street
Some employers are sighing with relief, upon hearing last night’s news that the healthcare mandate is delayed. Under the Affordable Care Act, companies with 50 or more workers have to provide insurance. But now that mandate takes effect in 2015 instead of 2014.
Bitcoin began as a bank vault of hope for libertarians who admired its freedom from government control. Some also looked to it as a payment system for drug dealers and hackers. (A certain level of anonymity is possible, though it’s not absolute.) But as its value has risen, and circulation has grown to more than $1 billion, Bitcoin has attracted a new type of interest.
ADP, the payroll company, says private sector payrolls were up by 188,000 last month. A separate report from the outplacement firm Challenger Grey & Christmas shows layoffs also ticked upward in June, in part due to the sequester. The government's official report on jobs and unemployment comes out Friday.