Market Watch (April 9)
“The U.S. government recently retired the penny after two centuries because it had become too expensive to mint. Some bitcoin miners are facing a similar existential threat. For many miners, it has cost more in recent months to produce a bitcoin than the coin can be sold for, leading them to stop operating some machines and to sell more bitcoin holdings to raise cash.”
Tags: Bitcoin miners, Cash, Existential threat, Expensive, Government, Holdings, MINT, Penny, Retired, Sell, U.S.
New York Times (August 30)
“The iconic American worker of the 20th century—a man making cars in a Detroit factory—remains the focus of political debate about work in America. But the real face of the modern working class is a woman caring for that retired autoworker somewhere in the suburban Sun Belt. Half of the 10 fastest growing jobs in America are low-paid variants of nursing.”
Tags: Autoworker, Debate, Detroit, Factory, Nursing, Real face, Retired, Suburban, Sun Belt, U.S., Woman, Worker, Working class
