What Effect Will the Cut in Debit Card Fees Have on Consumers?

debit card

The Fed rule on debit card fees could have far-reaching effects on how consumers spend and save.

The debit card battle between retailers and banks has reached epic proportions.   The plan by lawmakers is to slash the fees retailers pay banks every time a shopper uses a debit card.  Both sides are spending millions of dollars to convince lawmakers that they’re looking out for average Americans.

 

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China Expands It’s Pension Program to Cover 60% of Rural Areas

china rural area

China launched a pilot pension program as part of efforts to narrow the standard-of-living gap between rural and urban residents.

China plans to expand a piloted pension program to 60 percent of its rural areas this year, an increase from the original target of 40 percent, Chinese Vice Premier Zhang Dejiang said Friday.

 

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Turmoil Ahead for Housing

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Futurist Thomas Frey:  Consider the following scenario. Over the next few years, several major cities in the U.S. will begin to impose a ban on all new residential and commercial construction. With populations declining in numerous metro areas, they will worry openly about becoming the next Detroit with abandoned neighborhoods signaling a rapid decline in property values.

 

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The Fall of Book Publishing: The Rise of New E-Book Business Models

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Experimenting Our Way to Success – Reinventing Publishing Models

Futurist Thomas Frey:  Amazon revolutionized book reading in 2007 when it introduced its Kindle book reader. Within the past three years, the explosive sale of book readers has caused a massive surge in the sale of e-books, already outpacing the sale of hardcover books, with a prediction by Amazon CEO Jeff Bezos that they will outsell paperbacks within the next year.

 

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Health Insurers Make Huge Profits While Many Americans Postpone Care

health-insurance

Health insurers propose double-digit increases in their rates, citing a need for protection against any sudden uptick in demand once people have more money to spend on their health.

Major health insurers in the U.S. are heading into a third year of record profits.  Their earnings have been enriched in recent months by a lingering recessionary mind-set among Americans.  Many who are postponing or forgoing medical care.

‘Made in America’ Making a Comeback: Study

manufacturing

2015 global manufacturers will view the U.S. as equal to if not better-than China.

In March, U.S. exports hit a record $173 billion, up 15% from a year-ago and 37% from 2009. According to a new study from The Boston Consulting Group (BCG), the good times for “Made in America” are just getting started. (video)

 

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Power of 10 Interface

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Information at the speed of need

Futurist Thomas Frey:  The distance between information and our brain is getting shorter.

Twenty years ago if you had access to a large information base, such as the Library of Congress, and someone asked you a series of questions, your task would have been to pour through the racks of books to come up with the answers. The time involved could have easily have been 10 hours per question.

 

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