Texas tycoon R. Allen Stanford, who conned investors in a $7 billion Ponzi scheme, arrives in custody at the federal courthouse for an Aug. 2010 hearing in Houston.
Credit David J. Phillip / AP
The U.S. Supreme Court ruled today that investor lawsuits may go forward against investment advisors and others for allegedly helping Texas tycoon Allen Stanford in a massive fraud.
Stanford was sentenced to 110 years in prison for bilking investors in a $7 billion Ponzi scheme. The investors who lost money are suing others involved in the scheme, contending that they also engaged in misleading conduct.
No, these aren't real bitcoins (just Bitcoin buttons). Fans of the virtual currency see several real benefits, including the elimination of fees for transferring money.
Credit Frank Jordans / AP
One of Bitcoin's largest trading exchanges shut down Tuesday, and you probably couldn't care less.
So what if rumors are circulating that millions of dollars' worth of Bitcoin are stolen? If you don't understand Bitcoin in the first place, it's hard to figure out why this matters. So we're using this as an opportunity to go back to the basics: what this b-word means, where it came from and why it just might matter.
Originally published on Wed February 26, 2014 5:28 pm
By Quoctrung Bui
Somebody check the cheese.
Credit Alex Wong / Getty Images
One day last year, an engineer and I went to a pizza place for lunch. The engineer told me he wasn't very hungry, but he said he was going to get the 12-inch medium instead of the 8-inch small — because the medium was more than twice as big as the small, and it cost only a little bit more. This sort of blew my mind.
Blair Roberts, a 22-year-old sales associate at Colorado E-Smokes, "vapes" with an electronic cigarette in the Aurora, Colo., store. In the absence of federal rules, Colorado is among states that considered its own age requirements for the nicotine-delivery devices.
Credit Ed Andrieski / AP
In a scene from the new season of the popular Netflix political drama House of Cards, the elegant Claire Underwood catches her soon-to-be vice president husband puffing an e-cigarette.
"You're cheating," she says, referring to their efforts to quit smoking.
"No, I'm not," Congressman Francis Underwood replies. "It's vapor ... addiction without the consequences."
A Washington-based drama with an implicit endorsement of "vaping" — the practice of partaking in nicotine without burning tobacco?
AdAge reports the national milk industry will drop the famous Got Milk campaign that has run for the last couple of decades - so goodbye to the milk mustache that's adorned the upper lip of many a celebrity.
NPR's business news starts with sky high costs for airline miles.
(SOUNDBITE OF MUSIC)
GREENE: And we're not talking about actually buying airline miles. But starting today, Delta Airlines will be the first major carrier to tie frequent flier points to how much you pay for your ticket - not how far you fly. This means in most cases, business-class will earn more points than coach and first class tickets will earn even more.
Top officials of the Swiss bank, Credit Suisse, told a Senate hearing today that they're committed to unearthing tax evasion by U.S. citizens. The Permanent Subcommittee on Investigations released a report yesterday, that the bank was deeply involved in helping Americans hide their money in secret accounts.