Felix Salmon

How to tell where CitiBike is working

By Felix Salmon
June 7, 2013

Given the big problem with NYC’s bikeshare program, how can users get a good idea of whether or not any given station is working? The app won’t tell you. But over at Streetsblog, commenter ohhleary points to this site, which shows not only how many bikes are in a given dock right now, but also how many bikes have been in that dock over the past 24 hours. He (or she) explains:

When check-cashing goes mobile

By Felix Salmon
June 7, 2013

I’m at a conference on the underbanked this week, where it’s basically impossible to swing a cat without running into someone talking about mRDC, which stands for mobile remote deposit capture. Or, in English, the ability to cash a check using your smartphone.

Counterparties: International Monetary Fail

By Ben Walsh
June 6, 2013

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

from Shane Ferro:

The dark side of homeownership

June 6, 2013

Owning your home, long a pillar of the American dream, could actually be bad for the economy. In a new paper, economists Andrew Oswald, of the University of Warwick, and David Blanchflower, at Dartmouth, found that rates of high homeownership lead to higher rates of unemployment in both the United States and Europe.

Counterparties: Obama’s off-message patent police

June 5, 2013

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The one big problem with NYC’s bikeshare

By Felix Salmon
June 5, 2013

New York’s bikeshare program has gotten off to a successful start — finally. It’s worth remembering that before it was delayed by Hurricane Sandy, it was delayed by something else: the failure of its operator to have the requisite software lined up. Cody Lyon has a good overview of the chaos behind the scenes. The company with the NYC contract, Alta Bicycle Share, won the contract on the strength of software developed by a company called 8D Technologies. But then Alta and its Canadian partner, PBSC, abruptly fired 8D and decided they could develop their own software in-house.

Why capital gains should be taxed as income

By Felix Salmon
June 5, 2013

Last week’s Munk debate featured one of those strange-bedfellow moments, when Paul Krugman agreed with Art Laffer that the tax rate on capital gains should be the same as the tax rate on income. (In fact, Laffer went one step further than that, saying that even unrealized capital gains should be taxed at the same rate.) Normalizing the capital-gains tax rate so that it’s the same as the income-tax rate is an easy way to bring a lot of money into the public fisc — some $161 billion per year, according to the CBO. So why aren’t we doing it?

Counterparties: The unbearable lightness of silicon beings

By Ben Walsh
June 4, 2013

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

Prosecute the patent trolls!

By Felix Salmon
June 4, 2013

Here’s an idea: take the resources that the SEC is currently using to prosecute insider trading, and give them instead to the FTC, so that they can be used to aggressively prosecute patent trolls instead. The cost would be the same (by definition), and the benefit would surely be much greater, as today’s wonderful report from the White House underscores.