The fast-growing decentralized finance (DeFi) system—the collection of finance applications built on blockchain technology—holds promise for a new financial architecture that can eliminate the need for traditional intermediaries (such as banks, brokers, and exchanges) and reduce rents (excess profits) in the financial sector. But it also generates formidable challenges for […]
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In Britain, the economic shock waves of the war in Ukraine are exacerbating a squeeze on household budgets and heightening fears of a cost-of-living crisis. The British government announced some measures on Wednesday to help people cope with the rising prices, which are at their highest level in three decades, […]
“When it’s mandated, everyone receives access,” said Rebecca Maxcy, director of the Financial Education Initiative at the University of Chicago. Updated April 4, 2022, 6:06 p.m. ET While the progress among states is encouraging, there is more to do, said Nan J. Morrison, president and chief executive of the Council […]
Tech companies across the globe are pulling out of Russia. Jakub Porzycki/Getty Images This story is part of War in Ukraine, CNET’s coverage of events there and of the wider effects on the world. As the Russia’s war on Ukraine continues, a growing number of companies have said they are […]
SHERIDAN — “At the end of the day it is not about what you accomplished, it is about who you have lifted up, who you have made better. It is about what you have given back,” Denzel Washington once said. This is Libby Gardner’s mantra, what she lives by. Gardner, […]
Estimates show that cutting the digital divide by half and ensuring that the internet is accessible to a majority within the next five years will require $2.1 trillion investment. Sustainable and social financing can advance digital inclusion and the achievement of the SDGs. Almost two years into the pandemic, the […]