The Monetary Policy committee published the minutes for the meeting held on 3rd and 4th of March 2010. CLICK HERE to obtain a copy of the minutes.
Here are my views based on the points highlighted in the document:
-(point no 2): guessing Greece is one of the countries that investors have uncertainty about, but the hedge funds are happy to be betting against it.
-(point no 4): Shame I don't have UK bonds at my disposal.
-(point no 6): Couple of my friends do not share the same view that their equity portfolio has gone up by 5%.
-(point no 10): Am suprised India was not highlighted as I thought the country's economy is going rapidly as well.
-(point no 14): Investors will not be happy with this point at all.
-(point no 15): HSBC did a marketing ploy in today's papers by advertising their big lending to Businesses, wise move I think.
-(point no 18): .......Second, over the pastyear, oil prices had increased by around 70%. Am guessing Virgin group (owned by Richard Branson) will be smiling now has I read that they have some options that enables them to buy oil at a much lower price.
-(point no 22): ......fallen by 12,000 in three months to December, could that be as a result of recruitment drive for Christmas?
-(point no 30) - This to be me a political strategy, once the Election is over we should all be expecting interest rate hike.
CLIK HERE to visit the link for BBC take on the Interest Rate Freeze, based on the meeting.
Wednesday 17 March 2010
Tuesday 2 March 2010
INTERNET VENTURED CALLED "BLIPPY"
On a slightly cold Monday evening on my way home from work, picked up the free Evening Standard newspaper, the article that took my attention was on the internet venture called called BLIPPY.
Blippy is encouraging you to share your credit card and debit-card numbers with it, as well as your bank account details, Amazon, Blockbusters, iTunes, eBay, GoDaddy accounts, etc. Then it will broadcast the details of every purchase you make using the accounts, in real time, to other Blippy users. According to the site, "Blippy is a fun and easy way to see and discuss the things people are buying."
The brains behind the genius(or crazy idea) are Ashvin Kumar, Chris Estreich, and Philip Kaplan. Am guessing Ashvin and Chris probably met at Stanford, as they both graduated in 2005.
From Ashvin blippy feed, I was able to see that he spent $231.66 at Intercontinental Hotel for 2 nights stay in Houston, around 22nd February 2010. Also observed that he likes his food, a lot, as he eats out at Uzumaki Sushi Restaurant, Ninfas, Lotus Thia Curry, Back A Yard Grill, etc. The fact that am able to know this details might scary to some, but people(excluding you and me) that seriously embrace technology see this as the norm.
Apart from the Marketing companies being able to target customers more precisely, and people trying to show-off how much/where they spend their hard earned cash, I really do not see the point for this.
I will consult MYSPACE to know what type of music you are into. LINKEDIN to know about your career. FACEBOOK to know all about your social life. Now I just need to consult BLIPPY to see what you spend your cash on.....In that case, no need for your autobiography.
Until the security aspect, and benefits to me are clearly highlighted, don't think am in a hurry to join.
Blippy is encouraging you to share your credit card and debit-card numbers with it, as well as your bank account details, Amazon, Blockbusters, iTunes, eBay, GoDaddy accounts, etc. Then it will broadcast the details of every purchase you make using the accounts, in real time, to other Blippy users. According to the site, "Blippy is a fun and easy way to see and discuss the things people are buying."
The brains behind the genius(or crazy idea) are Ashvin Kumar, Chris Estreich, and Philip Kaplan. Am guessing Ashvin and Chris probably met at Stanford, as they both graduated in 2005.
From Ashvin blippy feed, I was able to see that he spent $231.66 at Intercontinental Hotel for 2 nights stay in Houston, around 22nd February 2010. Also observed that he likes his food, a lot, as he eats out at Uzumaki Sushi Restaurant, Ninfas, Lotus Thia Curry, Back A Yard Grill, etc. The fact that am able to know this details might scary to some, but people(excluding you and me) that seriously embrace technology see this as the norm.
Apart from the Marketing companies being able to target customers more precisely, and people trying to show-off how much/where they spend their hard earned cash, I really do not see the point for this.
I will consult MYSPACE to know what type of music you are into. LINKEDIN to know about your career. FACEBOOK to know all about your social life. Now I just need to consult BLIPPY to see what you spend your cash on.....In that case, no need for your autobiography.
Until the security aspect, and benefits to me are clearly highlighted, don't think am in a hurry to join.
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