As word spread of Facebook’s impending announcement of a new digital currency, social media scholar Jennifer Grygiel contacted me with a big concern: The company has a long history of behaving in questionable, untrustworthy ways, so why should people trust it to protect the public interest now?

Revealed yesterday was Libra, a cryptocurrency designed and backed by Facebook and its partners that, many observers say, has the potential to remake the entire global financial system. Grygiel explains what it might mean, and why there has already been outcry from the public, governments and international financial regulators.

While Boston University economist Jay Zagorsky admits there are benefits to Libra, he has his own concerns, especially that it will speed up the transition to a cashless society. There are two important downsides to going cash-free, he warns, including one that puts the whole economy at risk.

Also today: understanding Iran and uranium enrichment, #MeToo comes to the conservation movement and research showing that cooking at home just isn't all that easy.

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The world’s newest country? railway fx/Shutterstock.com

With cryptocurrency launch, Facebook sets its path toward becoming an independent nation

Jennifer Grygiel, Syracuse University

With the launch of the Libra cryptocurrency, Mark Zuckerberg reveals his dreams of building a new virtual country, perhaps inspired by the Roman Empire.

Economy + Business

Politics + Society

Environment + Energy

Health + Medicine

  • Time to cook is a luxury many families don’t have

    Joslyn Brenton, Ithaca College; Sarah Bowen, North Carolina State University; Sinikka Elliott, University of British Columbia

    Celebrity chefs often preach about the ease of home cooking and meal planning. But for most mothers juggling a job, child care, housework and meal prep, this is virtually impossible.

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