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Here's a great explanation of what the blockchain is from the person tasked with explaining it to the world

5 days ago   |   By

Business Insider's Sara Silverstein spoke with Jamie Smith, CEO of the Global Blockchain Business Council, at the World Economic Forum in Davos, Switzerland. Smith is also the co-chair of the WEF's blockchain council. Following is a transcript of the video.
Sara Silverstein: So tell me what is the purpose of the Global Blockchain Business Council?
Jamie Smith: So the Global Blockchain Business Council is designed to specifically educate regulators on behalf of business so that they can understand what blockchain technology is and why they should care. See the rest of the story at Business...
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Here's what economic theory says about the tax cuts

Here's what economic theory says about the tax cuts

5 days ago   |   By

Evan Vucci/AP
Companies across America are giving bonuses and minimum wage raises after the passage of the new tax law.
The government must also reduce spending for the reform to stick.
Since Trump's reduction of the corporate tax to 21%, workers across the country have been rejoicing. Companies like Wal-Mart, Apple, Bank of America, and many more have announced firm wide bonuses and minimum wage raises. To most, the tax cuts appear to be a clear success. However, some commentators, such as Dr. Veronique de Rugy at Reason, are saying not so fast .
Dr. de Rugy claims that these...
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Forget 'Make America Great Again' - Wharton professor says Trump has been terrible for America's brand

5 days ago   |   By

On a very sunny day at the World Economic Forum in Davos , Business Insider's Sara Silverstein spoke with Wharton School marketing professor David Reibstein. Following is a transcript of the video.
Silverstein: And how does somebody like Trump affect America's brand?
Reibstein: So a lot of where a country gets its image is from its overall long-term reputation and the products that come from there. But also some of the people that come from there and the political leaders definitely have an impact. And so the image of Trump carries over to the US and directly affects the US brand. So what...
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Austin Dillon Wins The Daytona 500 After Spinning The Race Leader

Austin Dillon Wins The Daytona 500 After Spinning The Race Leader

The iconic No. 3 car won the Daytona 500 on Sunday, with 27-year-old Austin Dillon behind the wheel. Dillon was in second on the final lap, when leader Aric Almirola spun into... Read more ...

Hard Daytona 500 Wreck Knocks Danica Patrick Out Of Her Final NASCAR Race 

Hard Daytona 500 Wreck Knocks Danica Patrick Out Of Her Final NASCAR Race 

Danica Patrick announced last year that she'd end her racing career with one more attempt at each of America's biggest racing events, the Daytona 500 and the Indianapolis 500... Read more ...

The Daytona 500 got off to a wild start when a crash caused by drivers...

The Daytona 500 got off to a wild start when a crash caused by drivers trying to win the first stage knocked out Jimmie Johnson

Fox An aggressive move by Ryan Blaney led to a crash at the end of Stage 1 of the Daytona 500. The crash involved seven cars and knocked Jimmie Johnson and Daniel Suarez from... Read more ...

BlackRock is using robots to better predict the future of the economy

BlackRock is using robots to better predict the future of the economy

Reuters / Fabrizio Bensch BlackRock's Macro GPS tool is designed as an improvement to traditional economic indicators, and is intended to give investors a more forward-looking... Read more ...

Trump supporters have their own dating websites now - and they're already...

Trump supporters have their own dating websites now - and they're already sparking controversy

Trump Dating and TrumpSingles are two websites catering to supporters of US President Donald Trump. Republican and Democratic dating sites have popped up in the past, as well... Read more ...

'I want to get something done': After Florida shooting, some Republicans...

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Mark Wilson/Getty Images Republicans Ohio Gov. John Kasich, Rep. Carlos Curbelo, and Sen. James Lankford all voiced their support for gun legislation on the Sunday morning talk... Read more ...

'THE FLOODGATES ARE OPEN': The US government is set to begin an...

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Wall Street's favorite new thing to worry about may already be in the...

Wall Street's favorite new thing to worry about may already be in the rearview mirror

REUTERS/Fred Prouser Wall Street is worried stronger wage growth will lead the Federal Reserve to raise interest rates more quickly. Evidence from the Atlanta Fed's Wage Growth... Read more ...

Here's who could lend the US Treasury the $3 trillion it needs in the next 3...

Here's who could lend the US Treasury the $3 trillion it needs in the next 3 years

Joshua Roberts/Reuters The US Treasury Department estimates that it will need to borrow around $1 trillion a year for the next three fiscal years. US savers, China, and OPEC... Read more ...

Churros, pranks, and hallway bobsleds: Here's what Winter Olympic athletes...

Churros, pranks, and hallway bobsleds: Here's what Winter Olympic athletes get up to when they're not competing

Getty Images Athletes at the 2018 Winter Olympics in Pyeongchang have all had to work hard. Qualification for the Olympic games requires years of dedication, training, and... Read more ...