Money & Markets – Week of 04.27.14

U.S. Lost $11.2 Billion in GM Bailout, TARP Report Says
Bloomberg | 30 April 2014
The U.S. Treasury’s bailout fund lost $11.2 billion on the rescue of General Motors Co. …

Biggest Infrastructure Need: States
Bloomberg
Fixes to roads, drinking water and airports in West Virginia add up to $1,000+ per resident annually from 2013 to 2017…

US Federal Reserve Continues to Slow Monthly Bond-Buying
BBC | 30 April 2014
The US Federal Reserve has announced a further reduction of its economic stimulus efforts, after a two-day meeting in Washington…

What Happens When You Give Undergraduates Free Bitcoin?
Telegraph | 30 April 2014
A Bitcoin pot worth $500,000 is to be distributed to undergraduates at MIT in the US as part of a unique research experiment…

Bitcoin Vies with New Cryptocurrencies as Coin of the Cyber Realm
Scientific American | 29 April 2014
As hundreds of “altcoin” knockoffs are minted online, bitcoins no longer dominate as the principal form of digital currency…

Federal Reserve Nominees Clear Key Hurdle
The Washington Post | 29 April 2014
The White House’s three nominees to join the Federal Reserve cleared a key hurdle Tuesday and will move to the full Senate for confirmation…

Growing Job-Opening Concerns Dent U.S. Confidence: Economy
Bloomberg | 29 April 2014
Americans grew concerned in April that jobs have become more difficult to land…

House Panel Votes to Restore Six Expired Business Tax Breaks
Accounting Webs | 29 April 2014
The Republican-led House Ways and Means Committee on Tuesday voted to make six expired business tax breaks permanent…

Barclays’ US Boss McGee Quits Ahead of New Regulations
BBC | 29 April 2014
Hugh (Skip) McGee had only been chief executive of Barclays Americas for a year…

Detroit Judge Appoints Kopacz, Ravitch to Advise on Plan
Bloomberg | 22 April 2014
Richard Ravitch, who helped New York weather its fiscal crisis in the 1970s…

Puerto Rico’s Tax Incentives
International Man | 23 April 2014
When we hear about strategies that purport to legally allow US citizens to avoid having to pay income taxes…