Business


Why Subprime Borrowers Are Like Rioting Colombians

There is a story on the BBC website that tells of a group of Colombians rioting when they tried to hunt down a group of pyramid marketers who basically took their money and then did a runner.
These guys were promising rates of return of up to 150% in the short term, numbers that surely have [...]

A Sense Of Treading Water

There is a strange sense at the moment, a lot of the major outcomes from the financial crisis have yet to really be put in motion and we are still getting stock markets movements up 5% one day, down 5% the next.
The latest crisis sees Nancy Pelosordi calling for a financial bailout of US car [...]

Oil Production Reduction And Price Fall Is Healthy

OPEC announced a cut in oil production by 1.5 million barrels per day in the hope that a reduced supply would offset the reduction in the price of oil and artificially inflate it again.
The reduction in demand for oil is a much needed reality check. Even SUV drivers in the USA have had to accept [...]

Airlines And Oil Companies - By Not Passing On Price Cuts You Look Like Thieves

Admittedly it is a drum I keep on banging but this is important.
In a perfect world, companies that annoy the public will be shunned and go down eventually but this does not happen.
Airlines like British Airways, Virgin, Swiss are not reducing their fuel surcharges by enough. The same is true of the oil companies who [...]

Petition To Save FireWire On Macbooks

There is only one thing less useful than a petition and that is an online petition, but I feel I should give this one some heat.
As I mentioned previously, a backlash is forming against Apple’s decision to dump FireWire from the new Macbooks.
If you are interested in at least voicing your displeasure, please do so [...]