On October 23, 2001, Apple announced the first version of the iPod. It was a music player with a 5 GB hard drive, compatible only with Macintosh systems. Its announcement came a few months after the release of iTunes, a program that converts audio CDs into compressed audio files and organizes a person's music collection.
More »2017.10
10 misconceptions about Bulgarian libertarians
The Bulgarian libertarian movement has been gaining serious popularity in recent years. This seems to be unpopular with a certain part of society, as over the past few months a number of articles have appeared that directly attack both the entire philosophy and the personalities of specific libertarians. These comments – intentionally malicious or …
More »22.10 - The first stone of the Varna Aquarium was laid
On October 22, 1906, the foundation stone of the Varna Aquarium building was laid. The initiative came from Tsar Ferdinand, who sought advice from the director of the Naples Zoo and entrusted the organization of the construction of the aquarium to the prominent Bulgarian physician Dr. Paraskev Stoyanov. In the following months, Stoyanov settled the administrative issues with …
More »21.10 - Alfred Nobel was born
On October 21, 1833, Swedish engineer, chemist, and entrepreneur Alfred Nobel was born in Stockholm. He is remembered in history as the man who invented dynamite and established the Nobel Prize. At the age of ten, Alfred moved with his family to St. Petersburg. At the age of eighteen, he left Russia and went to Paris, where he studied chemistry, …
More »Market approach to electric cars
Author: Georgi Angelov Senior Economist, Open Society Institute – Sofia When the “dieselgate” scandal broke out in the US, a number of lawsuits were initiated against Volkswagen – including class action lawsuits for damages, and fines were also imposed. This is an important element of reducing pollution – the polluter must pay for his mistakes. However, there is also …
More »Signal to the EC regarding the restriction of cash payments
| Full text of the opinion | Dear readers, as you know from the EQUIP, we are strictly monitoring and opposing the attempts of the Ministry of Finance to push through yet another restriction on cash payments by reducing the allowable limit for such transactions to a maximum of 5,000 leva - a proposal that is part of a draft law...
More »History of Capitalism in Bulgaria Part I - The Birth
Capitalism in Bulgaria emerged during the Ottoman rule and as a natural effect of the widespread losses of the Ottoman Empire in the various wars and uprisings against it during this period. After several key losses such as the Serbian Uprising and the Greek Revolution, the empire had to implement reforms concerning the army...
More »What is public choice theory?
Public choice theory is a branch of economics that developed through the study of taxation and public spending. It emerged in the 1950s and gained widespread public attention in 1986, when James Buchanan was awarded the Nobel Prize in Economics. Buchanan founded the Center for the Study of …
More »10 Economic Truths Today's Leftist "Liberals" Need to Learn
Jeffrey Dorfman, Forbes Today’s political climate is highly partisan. Debates are filled with personal attacks, sharp words, and outright disagreements, as each side clings tightly to its beliefs. Both sides believe and vouch for their opinions as fact. With that in mind, here are the ten …
More »17.10 - The first transatlantic telecommunications service is launched
On October 17, 1907, Guglielmo Marconi's company - "The Wireless Telegraph & Signal Company" - launched the first transatlantic 24-hour wireless telecommunications service. Messages were transmitted via powerful radio transmitters developed by the Italian inventor and located in Glace Bay, Nova Scotia, Canada and Clifden, Ireland. On this …
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EKIP– Expert Club for Economics and Politics A Different Opinion