Blockchain is touted as a technology that will revolutionize the finance sector.
Slow transaction speeds and a lack of standardization threaten to restrict growth.
Deloitte has highlighted five hurdles that the technology must overcome to hasten widespread adoption.
A third of all credit cards issued in the first quarter were to subprime customers.
Banks and other lenders are wooing risky credit-card borrowers more aggressively than they have since the financial crisis in a bid to jolt revenue in a period of sluggish growth and tight regulation.
Continue reading… “Credit card lenders pursue subprime borrowers”
Members of Avaaz, a global advocacy group.
When the news hit Reddit that the Federal Communications Commissions’ plans to consider paid priority on the Internet, the question wasn’t so much whether the move was a good idea, it was “How do I best tell my elected representative that this is a horrible idea?”
Continue reading… “Top 5 arguments against net neutrality”
Private drones have the potential to invade privacy.
Google’s Eric Schmidt went on record saying last week that cheap, miniature “everyman” drones should be banned by international treaties. Schmidt wants to keep such devices from falling into the hands of terrorists, but he also worries about their potential to invade privacy. Let’s say, for example, you were having a dispute with a neighbor. “How would you feel if your neighbor went over and bought a commercial observation drone that they can launch from their back yard. It just flies over your house all day,” Schmidt asked. “How would you feel about it?”
Continue reading… “Eric Schmidt calls for regulation of private drones”
Banks have imposed other harsh penalties on consumers for minor lapses.
Despite efforts by regulators to to rein in aggressive practices by banks checking account overdraft fees have jumped during the past two years, according to new reports by two nonprofit groups.
Continue reading… “Despite regulatory efforts overdraft fees are rising”
Bank of America will begin charging customers a $5 monthly fee in 2012 to use their debit cards for purchases.
There is widespread hostility toward new fees charged by some of the nation’s largest banks and Community banks and credit unions are moving quickly to take advantage of that.
Continue reading… “Small banks, credit unions capitalize on big banks’ fees”
[youtube]http://www.youtube.com/watch?v=h6GOGJUiXVE[/youtube]
Developmental psychologist and mother, Erin Carr-Jordan, has made a shocking discovery of what is really lurking in children’s playlands. There is a lack of state/local regulation that is resulting in potentially deadly conditions for our children.
Continue reading… “Arizona mom inspects and records filthy conditions at fast-food playlands”
About 700 job reductions at HSBC will mainly affect UK branch offices.
The wave of lay-offs hitting banks gathered pace on Thursday. Thousands more job losses are set to hit retail businesses and market divisions while lenders fight off a limp economic recovery, trading woes and tougher regulation.
Continue reading… “Wave of lay-offs hitting banks and thousands more job losses to come”
Regulator Icann (Internet Corporation for Assigned Names and Numbers), the body that oversees the creation of web addresses, has come under increased pressure to provide a definitive ruling on .xxx porn domains.
After giving the .xxx domain the go-ahead in 2005, the governing body reversed its decision just two years later.
ICM Registry, which proposed the .xxx domain, argued: ‘This has been a $7m dollar process, costing us $5m in legal fees and Icann $2m…
Continue reading… “Net Regulators Have Come Under Increased Pressure To Allow .xxx ‘Porn Domains’”
“Gaps in our food-safety system are causing significant health and economic impacts.”
A new study by a former FDA economist reports that foodborne illness costs America $ 152 Billion annually, the cost of 76 million cases of food related illness, 5,000 deaths, and 325,000 hospitalizations. The study, Health-Related Costs from Foodborne Illness in the United States calls for new strong regulation:
Continue reading… “Foodborne Illness Costs Americans $152 Billion a Year”
Environmental Protection Agency on Friday declared that greenhouse gas emissions like carbon dioxide endanger human health and welfare, clearing the way for possible U.S. regulation.
Continue reading… “EPA Declares Greenhouse Emissions Endanger Human Health”
So much for Organic food!
How many times do you hear people say: “Well, it must be safe because the government allows it?” But can you rely on that? Maybe a look as some of the foods and food practices which are permitted in the U.S. and banned in Europe could shed light on how governments judge safety in the food chain.
Here’s 7 food related points ponder. Some are certainly a lot more potentially damaging or unsafe than others…
Continue reading… “7 Foods Banned in Europe Still Available in the U.S.”
