A New Card Ties Your Credit to Your Social Media Stats

A New Card Ties Your Credit to Your Social Media Stats

The only problem: No bank would give him a serious credit card.“Imagine that you’re making $2 or $3 million a year and they’re capping you at $20,000 a month,” says Donnelly, which was the best he could get from a traditional bank.

The US Could Deliver Relief Checks Faster—With Tech's Help

The US Could Deliver Relief Checks Faster—With Tech's Help

Oxfam transfers digital money to thousands in need of relief in Syria, Greece, Kenya, Australia, and the cyclone-prone island of Vanuatu via SMS, an Android phone app, or an NFC card—a kind of contactless payments card that also acts as proof of ID.These applications, in Oxfam’s case the Sempo Cash and Voucher Assistance program, have proven capable of disbursing tens of thousands of dollars at a time to many beneficiaries within minutes—at a near negligible cost.

SpaceX Competitor OneWeb Is Reportedly Bankrupt

SpaceX Competitor OneWeb Is Reportedly Bankrupt

It was the company’s second launch of the year and brought the total number of OneWeb satellites in orbit to 74.It’s too early to tell what will become of OneWeb’s assets as it moves through bankruptcy protection, people familiar with the proceedings told WIRED.

Pokémon Home Is Reuniting Joyful Fans With Long-Lost Squirtles

Pokémon Home Is Reuniting Joyful Fans With Long-Lost Squirtles

Marsteller was sure that her pocket monster menagerie was gone forever until Wednesday, when she signed up for Pokémon Home, a cloud service that consolidates Pokémon from a dozen games across several Nintendo consoles.

I Ditched Google for DuckDuckGo. Here's Why You Should Too

I Ditched Google for DuckDuckGo. Here's Why You Should Too

While I continue to use Google at work (more out of necessity, as my employer runs on G-Suite), on my phone I’m all about DuckDuckGo. I had, based on zero evidence, convinced myself that finding things on the internet was hard and, inevitably, involved a fair amount of tracking.

How Earnest Research Into Gay Genetics Went Wrong

How Earnest Research Into Gay Genetics Went Wrong

One of the top geneticists in the country, Neale and his colleagues at the Broad Institute, a pioneering biotech hub in Boston, had a decade earlier developed software that made it much easier for scientists to study the vast amounts of genetic data that were beginning to flood in.

Every Tech Company Wants to Be a Bank—Someday, At Least

Every Tech Company Wants to Be a Bank—Someday, At Least

On Wednesday, Google confirmed reports that it would begin offering checking accounts next year, the latest in a recent volley of tech ventures targeting consumer finance.Tech firms can deliver financial services right where and when they’re needed, says Gerard du Toit, a banking consultant at Bain.

The Future of Banking Is … You're Broke

The Future of Banking Is … You're Broke

These neo-banks have been trying to make money in the usual ways: By taking a cut of credit or debit card transactions, collecting interest on consumer deposits, and making loans.

Facebook Is Losing Its Cover for Libra As More Members Flee

Facebook Is Losing Its Cover for Libra As More Members Flee

Last week, PayPal became the first to defect from the 28-member Libra Association, declining to participate in Facebook’s vision for global payments—a vision it helped seed .

California’s Power Outages Are About Wildfires—But Also Money

California’s Power Outages Are About Wildfires—But Also Money

“If the assumptions in your analysis turn out to be wrong, your whole strategy can blow up and be immensely costly, and delay your bankruptcy,” says Jared Ellias, an expert in bankruptcy law at UC Hastings College of the Law. That means you try to get through it fast, and with minimal chaos.

The Alleged Capital One Hacker Didn't Cover Her Tracks

The Alleged Capital One Hacker Didn't Cover Her Tracks

The FBI connected the incident to Thompson quickly, the criminal complaint says, because it was so easy to link the Github page where she posted the stolen data to her handle and real identity.

This Clever New Service Auto-Cancels Your Free Trials

This Clever New Service Auto-Cancels Your Free Trials

You sign up for these “free” trials with your credit card, forget about them, and then are left paying for a service you aren’t using.“The idea for this product came when I realized I was being charged for a $21.99 gym membership from over a year ago that I was never using,” says Browder.

HBO's Years and Years Unlocks Sci-Fi's Ultimate Potential

HBO's Years and Years Unlocks Sci-Fi's Ultimate Potential

Davies has been making television in the United Kingdom for a long time, and his résumé caroms among family melodrama, multiply-gendered sex stories, and science fiction.

The Fed Chair Says Facebook's Libra Raises 'Serious Concerns'

The Fed Chair Says Facebook's Libra Raises 'Serious Concerns'

Gregory Barber covers cryptocurrency, blockchain, and artificial intelligence for WIRED.On Wednesday, Federal Reserve Chair Jerome Powell told the House Financial Services Committee that Facebook’s push into finance posed “many serious concerns.” In addition to worries about privacy, money laundering, and consumer protections, Libra poses serious risks to global financial stability due to the enormity of Facebook’s user base, Powell said.

FAO - News Article: Unlocking the potential of agricultural innovation to improve farmers’ resilience to drought

FAO - News Article: Unlocking the potential of agricultural innovation to improve farmers’ resilience to drought

17 June 2019, Rome - Unlocking the potential of agricultural innovations, be it simple solutions or satellite-based technologies, will help prevent a drought from turning into famine and forced displacement and to reverse desertification, FAO Director-General José Graziano da Silva said today.

Trump's Bank Lawsuit Tops This Week's Internet News Roundup

Trump's Bank Lawsuit Tops This Week's Internet News Roundup

Whatever the reason, the Trumps filed suit against Deutsche Bank and Capital One early last week, in an attempt to prevent Congress from seeing what was going on inside his financial dealings. What Happened: Speaking of that Senate Judiciary Committee hearing last week, how'd attorney general Bill Barr do broadly?

The SIM Swap Fix That the US Isn't Using

The SIM Swap Fix That the US Isn't Using

They simply don't make real-time SIM swap data available for the kind of security checks other countries' banks have implemented.

Investing in modern hydromet services for a climate-resilient Africa

Investing in modern hydromet services for a climate-resilient Africa

To help reduce these impacts, modernized weather – or “hydromet” – services bring together meteorological and hydrological agencies, disaster risk managers, and end-users across all sectors to deliver actionable, timely, and usable climate and weather information to support decision making.

Researchers Want to Link Your Genes and Income—Should They?

Researchers Want to Link Your Genes and Income—Should They?

As researchers like Hill and Koellinger move forward with mining the world’s DNA deposits, policymakers will soon have to decide on which side of the veil polygenic scores for things like income, education, and intelligence belong.

A New Breed of ATM Hackers Gets in Through a Bank’s Network

A New Breed of ATM Hackers Gets in Through a Bank’s Network

Beyond so-called jackpotting attacks , which cause individual ATMs to spit out money , hackers are manipulating ATM networks and the digital authentication checks in the machines to cash out fraudulent transfers they initiate around the globe.

Cyclone Idai: Building climate and disaster resilience in Mozambique and beyond

Cyclone Idai: Building climate and disaster resilience in Mozambique and beyond

The World Bank is supporting disaster risk management activities in Mozambique to strengthen the government’s capacity to respond quickly to – and mitigate the impacts of – future climate hazards.

Trees and forests are key to fighting climate change and poverty. So are women

Trees and forests are key to fighting climate change and poverty. So are women

The success of these investments will be enhanced by considering gender-responsive activities and actions when designing and implementing forest landscape projects and programs.

I Bought Used Voting Machines on eBay for $100 Apiece. What I Found Was Alarming

I Bought Used Voting Machines on eBay for $100 Apiece. What I Found Was Alarming

The information I found on the drives, including candidates, precincts, and the number of votes cast on the machine, were not encrypted. By using a $15 palm-sized device, my team was able to exploit a smart chip card, allowing us to vote multiple times.

How Hackers Pulled Off a $20 Million Mexican Bank Heist

How Hackers Pulled Off a $20 Million Mexican Bank Heist

Loza emphasizes that while the attacks likely required extensive expertise and planning over months, or even years, they were enabled by sloppy and insecure network architecture within the Mexican financial system, and security oversights in SPEI, Mexico's domestic money transfer platform run by central bank Banco de México, also known as Banxico.

What if We Could Use Nature to Prevent Disasters?

What if We Could Use Nature to Prevent Disasters?

Such solutions include widening of natural flood plains, protecting and expanding wetlands, restoring oyster and coral reefs and investing in urban green spaces that reduce run-off.

Hai-Anh H. Dang

Hai-Anh H. Dang

Dang Economist, Poverty and Inequality Unit, Development Research Group, World Bank Hai-Anh H. Dang is an Economist in the Surveys and Methods Team, Development Data Group, World Bank. His main research is on development, poverty, education, labor, and methodology to construct synthetic (pseudo) panel data from cross sections.

Softbank Invests $1B in Robo-Delivery Startup Nuro

Softbank Invests $1B in Robo-Delivery Startup Nuro

It can carry more stuff than sidewalk delivery bots being developed by companies like Marble, and while it drives in the street, its slim profile makes moving safely easier, Ferguson says.

Operationalizing the Action Plan on Climate Change Adaptation and Resilience

Operationalizing the Action Plan on Climate Change Adaptation and Resilience

As an institution that is committed to development, the World Bank has an enormous responsibility to help countries and communities act early, to build resilience to what we know they are going to be facing – more frequent and more dramatic climate disasters because of climate change.

The World Bank’s role in SDG monitoring

The World Bank’s role in SDG monitoring

Four years after their launch, the World Bank’s expertise in development data and its large repository of development indicators has played an important role in helping track progress made towards the achievement of the SDGs. How does SDG monitoring work and how is the World Bank involved?

Bracing for climate change – a matter of survival for the Maldives

Bracing for climate change – a matter of survival for the Maldives

The Bank has been working with the Maldives to increase the use of renewables and has invested in a $16 million solar power project on the islands of Male and Hulhumale in the Greater Malé region.