P2P lending, coming soon to an OECD country near you
Mon, 26 Jan 2009 14:32:59 -0800
It looks like person-to-person (P2P) lending is no longer just for the developing world. Kiva, the originator of the P2P model, now has at least one imitator in an OECD country. Smava, a German-based company, now offers P2P lending in Germany and starting this year in Poland as well. Perhaps finally the financial crisis will stimulate a bit more of the 'creative' side of creative destruction.
President Barack Obama's ban on earmarks in the $825 billion
Sun, 25 Jan 2009 18:48:10 -0800
President Barack Obama's ban on earmarks in the $825 billion economic stimulus bill doesn't mean interest groups, lobbyists and lawmakers won't be able to funnel money to pet projects.They're just working around it — and perhaps inadvertently making the process more secretive.
Virgin freezes pay to beat travel slowdown (The West Australian)
Mon, 26 Jan 2009 14:15:54 -0800
Virgin Atlantic Airways, the trans-Atlantic carrier controlled by billionaire Richard Branson, will introduce a pay freeze for staff to help it weather the slowdown in demand for air travel. The pay
Monday, January 26, 2009
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