"It won't just be Amazon doing this. Facebook will ask for (and get) direct access to your bank account and the #payments #infrastructure. Next time you need to send your friend a tenner, you'll instant-message them the #money, rather than opening up your boring bank #app, fiddling about finding their #bank details, authenticating yourself again and finally firing off the cash. You'll just type '+£10' in your #WhatsApp chat," writes David Birch, a digital financial consultant, in Wired #UK....
"No big deal, you might think. But remember that almost all customer interactions with banks are payments. If banks never see the #customer making payments, they lose their most important resource: data," writes Birch.#finance #bigdata #economy #news #technology
"I want to make a personal apology to #Chile, and to any other country where we conveyed the wrong impression." ... The problems with the #report, he said, were “my fault because we did not make things clear enough.” Mr. Romer said the World Bank is beginning the process of correcting the past reports and republishing what the rankings would have been without the methodology changes. He said he couldn’t defend “the integrity” of the process that led to the methodology changes....
Chile’s overall ranking has fluctuated between 25th and 57th since 2006. During that period, the presidency of Chile has alternated between Ms. Bachelet, of Chile’s socialist party, and Sebastián Piñera, a conservative. Under Ms. Bachelet, Chile’s ranking consistently deteriorated, while it consistently climbed under Mr. Piñera#banksters #economy #finance #money #politics #manipulation #crime
The #IRS received $6.7 million of payments from taxpayers whose debts were assigned yo PCAs; and the total cost of the PDC program was $20 million, three times the amout collected.source: https://taxpayeradvocate.irs.gov/Media/Default/Documents/2017-ARC/ARC17_Volume1_MSP_01_PDC.pdf
For #Vanuatu, there’s no turning back. One way or another, it faces disruptive change today as surely as it did back when James Michener was stationed here as a young U.S. Navy officer during World War II. The noose is tightening on tax havens, and Salwai or his successors will need to find new strategies to attract overseas talent and #capital. For this remarkable Bali Hai-like nation of azure lagoons, hidden waterfalls, and volcanic lava-showers, a second act can’t come soon enough.#economy #politics #news #money
Two #media buyers said #Amazon showed some willingness to share more user #data than #Google and #Facebook have traditionally — if the #advertising #budget was big enough.source: https://www.cnbc.com/2017/12/26/amazon-digital-advertising-push-in-2018.html
An estimated 95 pounds of gold is flushed through Swiss sewage systems each year, according to a study by the aquatic science institute Eawag.
The lost gold is worth nearly $2 million at current prices.
The researchers believe the tiny flecks of gold flow into the waste water system from the country's famed watchmaking #industry and gold refineries.
Adjuncting has grown as #funding for public universities has fallen by more than a quarter between 1990 and 2009. Private institutions also recognize the allure of part-time professors: generally they are cheaper than full-time staff, don’t receive benefits or support for their personal research, and their hours can be carefully limited so they do not teach enough to qualify for health insurance.
People don't wanna be attached to crooked governments and central banksvia https://www.coindesk.com/forecaster-gerald-celente-banks-afraid-bitcoin/
The “Smile to Pay” system will allow customers at a healthier spin-off of #KFC in the eastern city of Hangzhou to keep their wallets in their pockets after ordering on a machine.Brave new world ...
“I’m not blaming anyone for my current #situation in which I am utterly broke and still crossing my fingers that in the near #future my #career will finally take off,” she told Mongabay. “Indeed I was wrong in thinking that all my hard, unpaid #work would lead to something or that having a #degree from a … highly-respected #university would give me a leg-up.”#education #problem #job #money #debts #economy #society #youth #news
The basis for a substantial portion of the world's borrowing is a bent fairy tale.#conspiracy #banksters #fail #money #economy #fnord #covfefe #news #money #dollar #wtf #omg