This is brand-new information for me. When I went to China almost 20 years ago, smartphones weren't ubiquitous. U.S. one dollar bills were accepted for an amazing range of items on the street and American Express (and sometimes other credit cards) could be used inside. Personal electronic devices have totally changed that landscape. What's even … Continue reading China’s system for personal financial transactions doesn’t intersect with ours
Tag: money
Detailed article about worker efforts to improve conditions at Amazon
This is simply too long an article to put on a blog. The workers portrayed here are Somali and were fighting to observe their religion but not lose their jobs. Beyond those two distinctions tho, these Amazon warehouse workers are facing the same issues as faced by such workers globally -- work speedup, inadequate air … Continue reading Detailed article about worker efforts to improve conditions at Amazon
Tables may soon allow taking a smaller mandatory distribution from your IRA
This will be a bit geeky and dense. Most IRA owners are taking more out of their accounts each year than required by the minimum mandatory distribution (MRD) rules. The MRD tables were calculated to ensure that an IRA balance would last for life. Problem(?) is that, in general, we have been living longer so … Continue reading Tables may soon allow taking a smaller mandatory distribution from your IRA
Small business Saturday
I'm one of the many people who haven't quite learned that Small Business Saturday is the Saturday of Thanksgiving weekend. So now I know and can join the 70% who are already aware. Obviously there's room for growth. For me, this is a local version of Etsy on-line where I can touch and look at … Continue reading Small business Saturday
Goldman Sachs may have bought into a gender discrimination case with its Apple Card
This story contains a number of tweets, including a few by Steve Wozniak, that claim that Goldman Sachs has been using methodology to determine credit limits for the Apple Card that is massively skewed against female applicants. The fact patterns presented -- of couples in community property states where the wife had a far better … Continue reading Goldman Sachs may have bought into a gender discrimination case with its Apple Card
And how wealthy are the top 3 billionaires in the U.S.? How about the top 1%? Or baby boomers?
Turns out Bernie Sanders claim about the concentration of wealth among the billionaires in the U.S. understates how skewed the situation is. I don't intend to belabor the stratification issue much so am including three articles which approach the wealth issue differently. If I get a lot of feedback, I'll post more on the issue … Continue reading And how wealthy are the top 3 billionaires in the U.S.? How about the top 1%? Or baby boomers?
Great graphic about how Google’s online advertising system works
https://www.wsj.com/articles/how-google-edged-out-rivals-and-built-the-worlds-dominant-ad-machine-a-visual-guide-11573142071?mod=hp_lead_pos8 Includes ally. the steps along the trail that led Google to its current pre-eminent position in the internet advertising field. Am not sure you will be able to click thru, but figured it would be worth posting the link or you to try.
