Currently browsing tag

Currency

The Invention of Money | The New Yorker

In three centuries, the heresies of two bankers became the basis of our modern economy. hen the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain. One of the things that astonished him most, however, …

How to Clean Paper Currency – The New York Times

“No one wants soiled or limp bank notes,” says Peter Balke, a senior policy adviser for De Nederlandsche Bank, the central bank of the Netherlands. Balke’s work has nothing to do with money laundering, which is the bailiwick of law enforcement; for much of the last decade, he has studied …

Thailand unveils new banknotes with King Rama X

THAI currency is getting a facelift, with new banknotes to feature the face of King Maha Vajiralongkorn, also known as Rama X. The Bank of Thailand released the design of the new notes at its headquarters in Bangkok on Thursday, announcing that the new designs of baht will enter circulation …

Hugh Hefner’s Will Demands His Heirs Stay Sober

Playboy founder Hugh Hefner left his beneficiaries with one explicit requirement: Stay away from drugs and alcohol. According to documents obtained by Entertainment Tonight, Hefner wrote in his will that if his surviving family members want to remain in his trust, they have to stay clean. According to the documents, Hefner’s beneficiaries include his …

The Last of the New Jersey Bondsmen

For criminal-justice advocates, bail reform has been a long sought victory; but for people like Ron Olszowy, it means the loss of a way of life. On a rainy afternoon in April, I went to see a 71-year-old New Jersey bail bondsman named Ron Olszowy, who keeps a suburban office …