Tuesday, September 29, 2009

Mobile Money

This article by the Economist Telecoms: The Power of mobile money appeared Sept. 24th 2009. I wrote in response:
The relative ease of mobile banking as offered by the Monitise approach, appears to resolved the issue of accessibility by the relatively "non-mobile" rural dwellers of Africa.
It is by no means a threat to banks, it should be developed to annex business opportunities, devoid of the usurious bank interests.
Some have written that safety may be a concern, i don't think it should be the overriding challenge to its' effectiveness.
Rather ways to further safeguard the process should be encouraged.
In what other ways can the poor and under serviced be serviced by the mobile phones? I guess the innovators are thinking.

Tuesday, September 22, 2009

The Economist wrote: The IMF on economic recovery Snail's pace

Due to the nature of large economies, and the inability of economists to "predict" consequences with any reasonable degree of accuracy, it is OK to say we get there when we get there.

When the largest banks and financial institutions, still remain "too big to fail", the culture of gaming the system will not change. Many more not so big banks would aspire to take on all they can, just to earn the status of too big to fail, only for the cycle to repeat itself. I dare say, in not too distant a future.

Greed, interest taking, and avarice which pervaded the system, including the loose control and oversight by regulating body, will very likely remain. Laws crafted by the different legislative houses, will have too many loop holes in them for exploitation by these financial executives.
Only God knows the future, I rest my case.

Monday, September 14, 2009

All the noise about Serena- "you Lie"

She shouted and mouthed her strong feelings about a situation. What was her offense? I ask. Is it that she is not allowed to express her feelings to an authority? Or is she being held to a higher level off behavioral response, than the rest of US legislators ?
The other night at the capitol hill, one of the less mannered so called Senator, shouted obscenity at the president and got hi-5 from his party stalwarts. This guy is from South Carolina, a self confessed racist, having a place in the exalted office of the Senate of US. A disgrace to the decorum expected from a civilized populace, yet this guy goes unrestrained, unpunished or censored.

Compare that with what has been the web frenzy about Serena's outburst, about a real "lie". She has the legitimate right to demand fairness, she denied a point, a chance to assert her presence. She complained, loud and probably offensive to some, but with a phrase normally used freely by most Americans. She gets censored, analyzed, called out and then fined. Hmmmmmmm, this court must be of a higher plane than the US Senate, or how else does Serena gets the short end of the stick, if the silly guy who shouted "you Lie", is left free unrestrained?

I hope the voters know the truth about those they vote into exalted positions, this Joe Wilson guy is not deserving of a highly placed position, period.