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Tim Fernholz

Tim Fernholz covers state, business and society for Quartz.
Results 31-40 of 102

Crimea Could Cost Russia’s Economy $147 Billion

April 8, 2014 The annexation of Crimea could be costly to Russia, to the tune of some $147 billion in new growth, according to the latest International Monetary Fund projections. The global finance institution released its World Economic Outlook today, and lowered its projections for Russia’s 2014 growth from 2%, as expected in ...

When NASA Cut Ties With Russia, Was It Really Targeting Congress?

April 3, 2014 FROM NEXTGOV arrow NASA’s decision to stop cooperating with Russia came as a surprise Wednesday, including within the American space agency. Even after the Verge broke the story with a leak from a NASA scientist—who had received a memo outlining the policy change—the agency couldn’t muster a response for six hours. When it ...

China’s Secret Satellite Killer, Revealed?

March 19, 2014 Last May, China launched a rocket into space, supposedly to release a “cloud of barium” 10,000 km (6,213 miles) in the air to research the magnetosphere. But Brian Weeden, a space analyst at the Secure World Foundation, has rounded up a growing body of evidence to suggest the launch was ...

China’s Secret Antisatellite Weapons Should Be on Everyone’s Radar

March 19, 2014 FROM NEXTGOV arrow Last May, China launched a rocket into space, supposedly to release a “cloud of barium” 10,000 km (6,213 miles) in the air to research the magnetosphere. But Brian Weeden, a space analyst at the Secure World Foundation, has rounded up a growing body of evidence to suggest the launch was ...

Space Radar Could Predict Massive Sinkholes a Month Before They Collapse

March 10, 2014 FROM NEXTGOV arrow The idea of the ground opening without warning and swallowing you up is nightmare fuel. As populations grow and humans invent new ways to plunder underground resources, sinkholes are only becoming more common—just look at the US sinkhole capital, Florida. But America’s space agency, NASA, said today it may have ...

Here’s an Idea for a Digital Currency That Actually Solves a Problem, Unlike Bitcoin

March 3, 2014 FROM NEXTGOV arrow Nobel economist Robert Shiller thinks bitcoin is a bubble, but he has an idea that might help electronic money solve the problem of price volatility. Think of Shiller’s idea as using big data to make money a more perfect expression of value. Bitcoin aims to function as a medium of ...

Meet the $4.25 Billion Asset Manager That Took a Bath on Bitcoin

February 28, 2014 FROM NEXTGOV arrow Fortress Financial Group, a publicly-traded asset manager with a market value of $4.26 billion, reported its 2013 results yesterday—and its biggest investment loss was bitcoin. In an SEC filing, the company reported purchasing $20 million worth of bitcoin during the fourth quarter of 2013, making it the first public company ...

More People Around the World Have Cellphones Than Ever Had Landlines

February 25, 2014 FROM NEXTGOV arrow There are almost as many cell-phone subscriptions (6.8 billion) as there are people on this earth (seven billion)—and it took a little more than 20 years for that to happen. In 2013, there were some 96 cell-phone service subscriptions for every 100 people in the world. Shouting is the likely ...

Drones Are Finally Driving the U-2 Spy Plane Out of Business

February 25, 2014 When US president Obama unveils his 2015 spending proposal in March, it is expected to be the first in more than a decade to shift defense spending off its post-9/11 war footing. That means cutting the number of active-duty soldiers to 440,000, slightly fewer than in the late nineties, limiting ...

Drones Are Finally Driving the U-2 Spy Plane out of Business

February 24, 2014 FROM NEXTGOV arrow When President Obama unveils his 2015 spending proposal in March, it is expected to be the first in more than a decade to shift defense spending off its post-9/11 war footing. That means cutting the number of active-duty soldiers to 440,000, slightly fewer than in the late nineties, limiting new ...