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|Articles - March 2014|
|Tuesday, February 25, 2014|
Page 1 of 5
BY JAKE THOMAS
In the beginning, money as a medium of exchange revolved around grain, cattle and other necessities. Next came beads, cowry shells and shiny pieces of metal. Today government-issued paper and coins are the rule of thumb. Increasingly, the entire financial system is devolving into sequences of zeros and ones.
For centuries people have relied on an unspoken social contract that assigns a commonly understood value to a recognized set of objects. But if currency has always had a physical existence, its value is defined by the community and the marketplace and is therefore ephemeral. At some level, money has always been an abstraction.
In 2014 physical currency is less tangible than ever, with money’s bling increasingly likely to be found on computer screens. As cash turns into trash, technological innovations are streamlining banking practices and commerce for businesses and consumers.
But the changes under way go beyond transactional efficiencies. As the nation’s financial system comes under increasing scrutiny, currency innovations are being touted as a solution to social and economic problems, democratizing access to capital, helping nurture local businesses and giving a boost to those near the bottom of the economic totem pole.
Oregon Business explored some of the innovations taking place in various financial institutions, from banks cautiously exploring mobile payments to cutting edge digital-currency startups still searching for a market. One thing is clear; although the future of money may be fast, easy and literally immaterial, the goals of the evolving ecosystem remain decidedly old-fashioned: to facilitate exchange, to allow people to move goods and services and, ideally, to boost work, productivity and income.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Wednesday, August 27, 2014
BY JENNIFER MARGULIS
As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.
Tuesday, August 26, 2014
BY VIVIAN MCINERNY
Craft beer comes to Mount Angel.
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Thursday, August 28, 2014
OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.
Wednesday, August 27, 2014
Tom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.