asterisk2a + payment   38

British households doing less cleaning, DIY and gardening, says ONS
[80% of 2015 GDP growth was consumer related][home improvement is bell weather signal] [...] Over the past decade British waistlines have expanded with obesity reaching crisis levels. Yet the ONS estimates that, in the home at least, the number of calories consumed has been falling. [...] Another significant change is the value put on “transport services” provided by households. This week record car sales were reported, jumping to more than 500,000 in March alone, yet the number of miles driven by households – to go to work or the shops, collecting children from school, etc – remains significantly below the levels recorded a decade ago. [...] It attributed the fall to petrol costs and pressure on household budgets after the financial crash. [...] . Time spent on DIY is down the most – by 20% since 2005. ...
recovery  disposable  income  discretionary  spending  DIY  homeownership  UK  property  bubble  Housing  Crisis  Generation  Rent  squeezed  middle  class  consumer  debt  household  debt  credit  card  debt  car  loan  ZIRP  NIRP  QE  mortgage  market  distortion  credit  payment  working  poor  low  pay  low  income  job  insecurity  private  debt  consumer  spending 
april 2016 by asterisk2a
Bank of England: Bitcoin is "Harder Money" than Gold Due to Deflation – Bitcoin Magazine
During a presentation on digital currencies entitled “Old Money, New Money,” Andy Haldane, Chief Economist & the Executive Director of Monetary Analysis and Statistics of the Bank of England and his team stated that “Digital currencies are ‘harder money’ than a gold standard” because “sustained adoption [of bitcoin] would see ongoing deflation.” [...] 2 million UK adults do not have bank accounts and 2.5 billion people in the world have no access to financial services, said Haldane. However, given the estimate that 80% of the world’s population will own a smartphone within 5 years, Haldane believes that many could turn toward digital currency to store their savings. // &! bit.ly/1U0UYMM - Enabling New Internet Applications (no transaction minimum, no transaction fee) // &! W3C toEstablish Online Payment Standards - bit.ly/1Nye7py - Internet pioneers such as Ted Nelson, Marc Andreessen & Berners-Lee himself thought that the Internet should have a built-in framework for micropayments.
Bitcoin  deflationary  deflation  fiat  currency  fiat  money  monetary  policy  Gold  Standard  economic  history  FinTech  underbanked  emerging  market  Developing  World  W3C  micropayment  micropayments  payment  payment-system  payments  PayPal  Braintree  Stripe  Amazon  Google  Google  Wallet  creditcard  oligopoly  oligopol  banking  crisis  banking  fractional  reserve  banking  financial  market  barriers  to  entry  cost  of  entry 
august 2015 by asterisk2a
UK's inflation rate falls to 0% - BBC News
bit.ly/1IXuomp >> Carney: Current account deficit is a risk highlighted by FPC. UK is relying on the kindness of strangers to finance current account deficit. Household borrowing isn't driving the deficit Tighter fiscal policy is needed. Tighter macroeconomic policy is needed also. Deficit highlights importance of maintaining the attractiveness of the UK for foreign investment // &! bit.ly/1I07olT - BOE's Miles doesn't see secular stagnation in the UK [...] Carney - Health of the financial system is likely to boost productivity [really?] [...] McCafferty: Low income jobs have kept productivity low &! bit.ly/1JfaSxr - Bank is looking at the household sensitivity to rate rises [ mortgage bubble will prevent BOE to raise rates faster as demand stokes as more disposable income is spend on serving interest payments thus depressing GDP growth bc 70% of it is consumer spending ] &! bit.ly/1HtySg1
current  account  deficit  UK  Mark  Carney  austerity  fairness  sovereign  debt  crisis  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  asset  bubble  equity  bubble  property  bubble  George  Osborne  productivity  output  gap  industrial  policy  STEM  Higher  Education  added  value  fiscal  policy  Public  infrastructure  investment  recovery  economic  history  competitiveness  competitive  globalisation  globalization  flat  world  borderless  deflationary  deflation  secular  stagnation  zombie  banks  Service  Sector  Jobs  job  creation  job  market  labour  market  labour  economics  skills  gap  policy  vocational  working  poor  precarious  work  Precariat  squeezed  middle  class  Zero  Hour  Contract  Contractor  disposable  income  discretionary  spending  household  debt  Niedriglohn  Niedriglohnsektor  underemployed  self-employment  employability  part-time  mortgage  market  BOE  2015  macroprudential  policy  macroeconomic  policy  microeconomic  policy  Manufacturing  fiscal  stimulus  Taper  USA  negative  real  interest  rate  interestrate  debt  servicing  interest  payment  consumer  debt 
july 2015 by asterisk2a
The Real Looting of Baltimore... - YouTube
- same with mortgages linked to forex/different currency than your country of residence. // // abuse of existing instruments, not using it for intended purpose // and mis-selling of instruments and products - also see PPI ( Payment Protection Insurance ) mis-selling - http://www.bbc.co.uk/news/business-30695720 // and mis-selling forex linked loans (ie to Swiss Franc) to local governemnts and cities called Interest Rate Swap Mis-selling that got exorbinant expensive following the GFC actions (NIRP) by Central Banks (black swan) // all driven by managers meeting targets, getting and wanting bigger bonuses, wanting the bosses job, ... etc driven by cottage industry of analysts 'forecasting' that profit has to rise X% etc etc. // add also For Profit Schools! in the USA targeting Veterans & other rather financially illiterate :: youtu.be/P8pjd1QEA0c // biggest debt kind - mortgage and student loan debt // financial literacy also include gambling & lottery
Baltimore  Ferguson  mortgage  market  subprime  predatory  lending  practices  ninja  mortgage  UK  USA  Capitalism  crony  profit  maximisation  shareholder  value  foreign  currency  mortgage  bailout  corruption  abuse  of  power  CDS  MBS  lobbyist  lobby  Lobbying  revolving  door  Washington  GFC  toobigtofail  too  big  to  jail  TBTF  Gini  coefficient  financial  literacy  plutocracy  income  inequality  inequality  social  mobility  income  mobility  Western  World  Thomas  Piketty  economic  history  democracy  social  cohesion  libor  rigging  scandal  PPI  scandal  bonuses  bonus  Wall  Street  Payment  Protection  Insurance  mis-selling  Interest  Rate  Swap  banking  investment  banking  banking  crisis  American  Dream  Payday  Loans  debt  bubble  Super  Cycle  student  loan  debt  StudentLoans  lottery  gambling  downward  mobility 
may 2015 by asterisk2a
Boomerang’s Offerwall Launches User Reviewed Virtual Currency Offers
As gaming on social network grows by leaps and bounds, there’s been a proliferation of startups that are helping game developers monetize by offering virtual currency deals in conjunction with advertisers. Offerpal, gWallet, Cherry Deals and others all partner with both developers and advertisers to offer virtual currency deals within games. Today, Boomerang Networks is entering the arena with its newly launched offer platform, Offerwall, which offers users the ability to rate and review virtual currency offers.
payments  payment  payment-system  VirtualCurrency 
march 2010 by asterisk2a
Why I Hate Micropayments - Rita McGrath - Harvard Business Review
It all comes down to how the payment link of customers' consumption chains fits into their total experience. iTunes, Amazon, and the cable companies have figured out how to make the payment experience either seamless (Amazon and its one-click process), transparent (Apple's iTunes — you know exactly what you're getting for your 99 cents) or inescapable if you want to get other things done (cue the phone and cable companies). No micro-payment system I've investigated has achieved either seamlessness, transparency, or inevitability. No standard perceived value has emerged for a piece of web content. And don't even get me started on the need to enter credit card info, passwords, secret codes, and captcha entries before you get anywhere. Micropayments in their current form are an irritating interruption, not something a consumer participates in either gladly or grudgingly.
micropayment  micropayments  tuki  payment  payment-system  payments  paywall  paypal  product 
march 2010 by asterisk2a
Independent musicians set for windfall after YouTube deal | Business | guardian.co.uk
Sharing is caring.
"Some of the world's most iconic artists will now be able to engage with their existing fans and win new ones," said YouTube video partnership director Patrick Walker.
youTube  socialmedia  UGC  revenues  advertising  revenue  sharing  payment  payments  micropayment  micropayments  music  artists  artist  engage  fan  fans 
october 2009 by asterisk2a
The Media Equation - What Would It Take to Support a Newsroom? - NYTimes.com
“Fewer journalists are reporting less news in fewer pages, and the hegemony that near-monopoly metropolitan newspapers enjoyed during the last third of the 20th century, even as their primary audience eroded, is ending.”

In other words, the current advertising model won’t continue to support so-called accountability journalism.
“And the Internet philosophers who suggest that individuals posting on the Web are going to replace what newsrooms have been doing are not being realistic. We have to find new ways to maintain professional news-gathering capacity.”
“The money is there, but a lot of it gets sunk into facilities and programming to drive membership, and it needs to be reallocated to reflect the need for local coverage,” Mr. Downie said. “And it has to be mandated because this is a time of crisis and we can’t just depend on good intentions.”
journalism  advertising  change  business  model  payment  micropayment  report  non-profit 
october 2009 by asterisk2a
Virtual goods sales to hit $1 billion in 2009 as social games pay off big | VentureBeat
Thanks to the astonishing growth of games on social networks such as Facebook and MySpace, the U.S. virtual goods market is poised to clear $1 billion in revenues in 2009, more than doubling from a year earlier, according to a new report.

By 2010, revenues could hit $1.6 billion as users become more comfortable paying for virtual goods in small transactions that are executed in a seamless fashion. But 2009 will be remembered as the year when it all took off, said Justin Smith, founder of Inside Network and co-author of the report.
virtualgoods  ecosystem  payment  payments  micropayments  micropayment 
october 2009 by asterisk2a
Op-Ed Contributor - News You Can Endow - NYTimes.com
Today, we are dangerously close to having a government without newspapers. American newspapers shoulder the burden of considerable indebtedness with little cash on hand, as their profit margins have diminished or disappeared. Readers turn increasingly to the Internet for information — even though the Internet has the potential to be, in the words of the chief executive of Google, Eric Schmidt, “a cesspool” of false information. If Jefferson was right that a well-informed citizenry is the foundation of our democracy, then newspapers must be saved.

Although the problems that the newspaper industry faces are well known, no one has offered a satisfactory solution. But there is an option that might not only save newspapers but also make them stronger: Turn them into nonprofit, endowed institutions — like colleges and universities. Endowments would enhance newspapers’ autonomy while shielding them from the economic forces that are now tearing them down.
non-profit  journalism  newspapers  economics  business  model  businessmodel  payment  payments  micropayment  davidswensen  micropayments 
october 2009 by asterisk2a
Nonprofit Newspapers: Think Tank : The New Yorker
Nonprofit Newspapers

In the foreseeable future, it seems, there will be two kinds of nonprofit newspapers—those which are deliberately so and those which are reluctantly so. Ever since I left the Washington Post, in 2005—after twenty years there that included a stint in management—and particularly since I joined the nonprofit world at the New America Foundation and started learning about the management and fund-raising issues at tax-exempt organizations, I have been mulling over this idea: that only by turning the Post into a nonprofit trust and raising a university-size endowment to support the newsroom could the paper retain the vitality it requires to serve as a successful watchdog over our constitutional system. Now David Swensen, the chief investment officer at Yale, and Michael Schmidt, a financial analyst, have come forward with a similar argument.
journalism  newspapers  nonprofit  non-profit  newspaper  business  model  businessmodel  economy  finance  payment  payments  micropayment  micropayments 
october 2009 by asterisk2a
Why iTunes is not a workable model for the newspaper business « Clay Shirky
Newspapers / News are not a monopoly/oligopoly - is a perfect competitive market.
Where Music with - Sony, EMI, Universal, and Warner. is a oligopoly. // They want the highest price for their good - and get it in fact.
.
>> Thus an iTunes model won't work because of the sheer amount of competitors and the fact that some are willing and do offer free news/content.
.
.
newspaper  newspapers  monopoly  business  model  music  itunes  payment  payments  micropayment  micropayments 
october 2009 by asterisk2a
Economist introduces pay-wall for archive articles | Media | guardian.co.uk
WSJ - Wall Street Journal
The Times and Sunday Times (all three run by News Corp / Rupert Murdoch)
FT - Financial Times
Economist (both have same shareholder)
-------------------------------------
Who is next with a paywall?
paywall  journalism  newspaper  media  payment  payments  micropayments  micropayment  rupertmurdoch 
october 2009 by asterisk2a
Can Tata Indicom’s Pay Per Call Concept be a revolution in Mobile Industry?
All the callers who love to talk on mobiles for hours are going to lap this up very quickly. This really has a potential of turning the Mobile services market upside down.
No more will time the factor in calling, but the number of calls that you do. This is just fantastic and out of the box thinking from Tata Indicom.
I am sure Tata Indicom would have done their Maths correctly, as this prima-facie looks like a full-on consumer favoured plan !

pay-per-call or pay-per-action - is a business trend! might be the future instead of calling minutes.
consumer  business  telecom  trend  payment  pay-per-call  pay-per-action 
october 2009 by asterisk2a
Amazon Announces Mobile Payments Service
service which brings the company's payment processing tools to mobile devices. Called the "Amazon Mobile Payments Service," the technology includes a set of APIs (application programming interfaces) for mobile developers which will allow them to provide payment options to their customers within mobile websites and mobile applications. The new service also allows for integration of Amazon's "1-Click" checkout, the feature that lets customers make purchases using their credit card information stored within their Amazon.com accounts.
payment  micropayment  amazon  mobile  ecommerce  payments  shortcut:payment 
october 2009 by asterisk2a

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