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Charles Ponzi (March 3, 1882 – January 18, 1949) was one of the greatest swindlers in American history. His aliases include Charles Ponei, Charles P. Bianchi, Carl and Carlo. The term "Ponzi scheme" is a widely known description of any scam that pays early investors returns from the investments of later investors. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. Ponzi was probably inspired by the scheme of William F. Miller, a Brooklyn bookkeeper who in 1899 used the same pyramid scheme to take in $1 million.

The economy of Hungary is a developing, high-income mixed economy that is the 53rd-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has a very high human development index and a skilled labour force, with the 22nd lowest income inequality by Gini index in the world. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. Hungary's productive capacity is more than 80% privately owned, with 39.1% overall taxation, which funds the country's welfare economy. On the expenditure side, household consumption is the main component of GDP and accounts for 50% of its total, followed by gross fixed capital formation with 22% and government expenditure with 20%. (Full article...)

"You may think, perhaps, that a little tea, or a little punch now and then, diet a little more costly, clothes a little finer, and a little more entertainment now and then can be no great matter but remember what Poor Richard says "Many a little makes a mickle; beware of little expense for a small leak will sink a great ship"."

—Benjamin Franklin, Poor Richard's Almanack, 1732-1758

• ... that a journalist attributed Bonnie Blue going viral to the "outrage economy"?
• ... that an NFL player who played strip poker with nurses, a human rights lawyer who founded a Swiss assisted-suicide clinic, and a businessman who denounced his old football playing style all had the nickname "Dr. Death"?
• ... that Alex the Great signed autographs by biting the corners of business cards?
• ... that environmental economist V. Kerry Smith has been described as a "Renaissance Man of Economics"?
• ... that the New York Stock Exchange Safe Deposit Company conducted its business in a basement?
• ... that the British political theorist Chris Armstrong has called for a "blue new deal" to secure ecological resilience for the ocean and a just blue economy?

March 14:

• 1874 - Anton Philips, a Dutch businessman, co-founder of Philips Electronics, was born on this day.

• ...that William McChesney Martin, Jr. (pictured) was the longest-serving Chairman of the Federal Reserve serving from April 2, 1951 to January 31, 1970?

• ...that eleven of the twenty-nine winners of the John Bates Clark Medal, a biannual award given out by the American Economic Association, have gone on to later win the Nobel Prize in Economics?

• ...that Ingvar Kamprad, founder of the home furnishing retail chain store IKEA, drew some controversy in 1994 when it was revealed that Kamprad had joined Swedish fascist activist Per Engdahl's pro-Nazi group in 1942?

• ...that, according to historical legend, Laissez-faire stems from a meeting in about 1681 between the powerful French finance minister Jean-Baptiste Colbert and a group of French businessmen led by a certain M. Le Gendre?

• ...that Ransom E. Olds used the assembly line system to produce automobiles in 1901 before Henry Ford?

• ...that Antoine Augustin Cournot derived the first formula for the rule of supply and demand as a function of price and in fact was the first to draw supply and demand curves on a graph in his Researches on the Mathematical Principles of the Theory of Wealth?

• ...that the Toyota Production System (TPS) developed by Toyota, that comprises its management philosophy and practices, organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers?

• July 21: Technological University Dublin senior lecturer Dr Lorcan Sirr speaks to Wikinews on housing market in Ireland
• July 15: California governor signs new state budget, eligible Californians to get stimulus payments
• July 4: 130 OECD countries agree to back global corporate tax rate
• June 30: 'Each makes the other more difficult to recover from': University of Sussex professor L. Alan Winters speaks to Wikinews on trade, COVID-19, Brexit
• June 16: Wikinews interviews Victor Kline, leader of newly registered The New Liberals party in Australia
• April 23: Irish Finance Minister Donohoe criticises OECD's global minimum corporate tax rate
• April 17: People protest in Berlin against German Court overturning five-year rent cap
• March 5: Chancellor Rishi Sunak announces UK budget 2021
• February 10: Disney to shut down Blue Sky Studios, animation studio behind 'Ice Age'
• January 24: World Trade Organization declares US tariff hike illegal, rules in South Korea's favour