http://www.youtube.com/v/ktBYGMTVRk0?version=3&f=videos&app=youtube_gdata This article - Instability rocks Karachi as elections approach
Startup Square Squares Off Against Rivals By Dropping Fee
Mobile payments startup Square just announced they’re cutting the 15 cent processing fee other mobile payment systems collect–but are they poised to remake the credit card industry, or simply undercutting competitors in a bid to get ahead?Square is just one of a number of companies trying to get in on the emerging mobile payments market and their announcement highlights the growing competition among a stable of rivals large and small that are vying to get a major foothold.The change means that merchants using Square for credit card payments will pay only one 2.75% fee for charges, rather than both a percentage fee and an additional fixed cost. They also hope the move will provide greater transparency in an industry that can often have labyrinthine pricing structures. Read More…
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Chinese bank criticized for ‘atrocious’ promotion against men
A Chinese bank’s offer to automatically transfer most of a husband’s income to his wife’s account has provoked fury, with some calling it “the most atrocious banking service against men in history”. On its website, China Merchants Bank (CMB), a major financial…
Moyers: When life and death measured by profit, ‘the cure for gun violence’ is more guns
Bill Moyers used a segment of his Jan 4 show to to discuss the National Rifle Association and gun control, referring at one point to the “merchants of death” who he argues profit from the violence — and fear of violence — that guns ignite. He pointed to the “big…
Little known company buys New York Stock Exchange for $8 billion
NEW YORK (AP) — The New York Stock Exchange is being sold to a little-known rival in Atlanta for about $8 billion, ending more than two centuries of independence for the iconic Big Board.The buyer, IntercontinentalExchange, a 12-year-old exchange that deals in investing contracts known as futures, said Thursday that little would change for the trading floor in Manhattan’s financial district.The NYSE dates to 1792, when 24 brokers and merchants traded stocks under a buttonwood tree on Wall Street. But its importance today is mostly symbolic. Most trading is done on computers that match thousands of orders a second.”The cash equities business in America has effectively been obliterated,” said Thomas Caldwell, chairman of Caldwell Securities in Toronto and a shareholder in the New York exchange’s parent company, NYSE Euronext.He said that the jewel of the deal is not the New York exchange but Liffe, a futures exchange founded in London.”The original New York Stock Exchange, it’s got a brand name, it’s got recognition, but as a business it’s a very small part of this thing,” Caldwell said.Continue Reading… … Read More
Today’s Scuttlebot: Personal Drones, and Age Bias in Silicon Valley
The technology reporters and editors of The New York Times scour the Web for important and peculiar items. Tuesday’s selection includes small merchants accusing Amazon of highhandedness, a look at how PRWeb works and President Obama’s anti-hacking moves. … Read More
Pakistani markets rebuild after the flood
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