Showing posts with label money. Show all posts

2011-09-23

Visions of a Future Where Phones Replace Wallets - NYTimes.com

Plenty of companies would love to get their hands on our wallets. But Google wants to go one step further: it wants to be our wallets.

Its new phone software, called Google Wallet, is intended to replace the credit cards in our actual wallets.

It does sound pretty spectacular, doesn’t it? No fishing plastic cards out of wallets, no paper slips, no signatures. Everything is handled securely, instantly, conveniently, with one tap of your phone at the register.

Collected from:Visions of a Future Where Phones Replace Wallets - NYTimes.com

Google Wallet - the vision

Google Wallet is an Android app that makes your phone your wallet. It stores virtual versions of your existing plastic cards on your phone. Simply tap your phone to pay and redeem offers using near field communication, or NFC.

Collected from:Google Wallet - the vision

Google Wallet - how it works

Look for these symbols at checkout.

Tap your phone on the reader. Your phone sends payment, and, at some merchants, offers and loyalty information.

Collected from:Google Wallet - how it works

Introducing Google Wallet - YouTube

Collected from:Introducing Google Wallet - YouTube

Google Wallet - Wikipedia, the free encyclopedia

Availability

Partners

Security

PayPal Lawsuit

Privacy

Collected from:Google Wallet - Wikipedia, the free encyclopedia

Related

2010-11-15

Stock Market Prediction based on Google Searches

Stock market prediction - Wikipedia, the free encyclopedia

Stock market prediction is the act of trying to determine the future value of a company stock or other financial instrument traded on a financial exchange. The successful prediction of a stock's future price could yield significant profit. Some believe that stock price movements are governed by the random walk hypothesis and thus are unpredictable. Others disagree and those with this viewpoint possess a myriad of methods and technologies which purportedly allow them to gain future price information.

Collected from: Stock market prediction - Wikipedia, the free encyclopedia

Google searches predict stock market moves

(CNN) - Economics, in a broad sense, is the study of how the financial decisions of billions of individuals coalesce into large trends that shape the way money is created, destroyed or transferred around the globe.

In that vein, physicists in Germany and the U.S. have released a study that shows how individual searches on Google correspond to large movements on the stock market.

The joint study by researchers at the Johannes Gutenberg University in Germany and the Center for Polymer Studies at Boston University looked at the stock moves of S&P 500 companies and compared them with searches of the company names on Google Trends from 2004 to 2010.

Collected from: Business 360: Get to grips with the issues affecting world business Blog Archive - Google searches predict stock market moves « - CNN.com Blogs

Can Google Predict the Stock Market? - ScienceNOW

[...] To predict the market, you need data on what is going through people's minds before they make their financial decisions. One such source of data is the total weekly volume of Internet search queries, now available to researchers through Google Trends.

Researchers led by Preis compared the week-by-week fluctuations in two sets of data: The number of times that the name of a company in the S&P 500 was included in a Google search query, and the price and trading volume of that company's stock. They focused on the 6 years from 2004 to 2010.

The findings, to be published 15 November in Philosophical Transactions of the Royal Society A, aren't going to make anybody rich. The Google data could not predict the weekly fluctuations in stock prices. However, the team found a strong correlation between Internet searches for a company's name and its trade volume, the total number of times the stock changed hands over a given week. [...]

Collected from: Can Google Predict the Stock Market? - ScienceNOW

YouTube - Stock Market Prediction Before The Biggest Drop In the History of the DJIA Dow Jones

Collected from: YouTube - Stock Market Prediction Before The Biggest Drop In the History of the DJIA Dow Jones

Sources: Stock market prediction - Wikipedia, the free encyclopedia; Business 360: Get to grips with the issues affecting world business Blog Archive - Google searches predict stock market moves « - CNN.com Blogs; Can Google Predict the Stock Market? - ScienceNOW; YouTube - Stock Market Prediction Before The Biggest Drop In the History of the DJIA Dow Jones

Related: Google queries predict stock market volumes | TG Daily; Complex dynamics of our economic life on different scales: insights from search engine query data — Philosophical Transactions A; Correlations between Google queries and stock market volumes - Wissenschaft - JuraForum.de; Correlations between Google queries and stock market volumes; Can Google Predict the Future?

2010-10-21

Mood on Twitter May Be Stock Predictor

Monitoring how Twitter users are feeling can predict the stock market three days in advance | Mail Online

The general mood among Twitter users can predict the rise and fall of the stock market almost a week in advance, a new study has found.

A computer scientist in the US has discovered that the correlation between the Dow Jones and the collective public mood was almost 90 per cent accurate.

Collected from: Monitoring how Twitter users are feeling can predict the stock market three days in advance | Mail Online

Analyzing almost 10 million tweets, research finds public mood can predict Dow days in advance: IU News Room: Indiana University

Using two mood-tracking tools to analyze the text content of the large-scale collection of Twitter feeds, Associate Professor Johan Bollen and Ph.D. candidate Huina Mao were able to measure variations in public mood and then compare them to closing stock market values.

One tool, OpinionFinder, analyzed the tweets to provide a positive or negative daily time series of public mood. The second tool, Google-Profile of Mood States (GPOMS), measured the mood of tweets in six dimensions: calm, alert, sure, vital, kind, and happy. Together, the two tools provided the researchers with seven public mood time series that could then be set against a similar daily time series of Dow Jones closing values.

A graph of Dow Jones Industrial Average values (center, blue) and tweets identified with a "calm" mood during a time series (bottom, red) running three days prior are overlaid in the top graph to show gray areas of significant overlap.

Collected from: Analyzing almost 10 million tweets, research finds public mood can predict Dow days in advance: IU News Room: Indiana University

YouTube - Informatics Professor Shows Link Between Tweets and Stocks

Collected from: YouTube - Informatics Professor Shows Link Between Tweets and Stocks

Sources: How monitoring how Twitter users are feeling can predict the stock market three days in advance | Mail Online; Analyzing almost 10 million tweets, research finds public mood can predict Dow days in advance: IU News Room: Indiana University; YouTube - Informatics Professor Shows Link Between Tweets and Stocks

Related: Twitter can predict the stock market; Technology Review: Blogs: arXiv blog: Twitter Mood Predicts The Stock Market; Twitter Mood Predicts The Stock Market | KurzweilAI; [1010.3003] Twitter mood predicts the stock market; Analyzing almost 10 million tweets, research finds public mood can predict Dow days in advance; Johan Bollen Interview on Twitter, Stock Market - Video - Bloomberg; YouTube - Bollen Says Mood on Twitter May Be Stock Predictor: Video

2010-07-19

Bitcoin P2P Currency

Open source innovation: Bitcoin

Alternative currencies for e-commerce have been attempted many times, but never one quite like Bitcoin. Its creator, Satoshi Nakamoto, has dubbed it a "cryptocurrency," because it relies on public/private key cryptography to facilitate electronic trading in a completely anonymous, secure, peer-to-peer fashion.

Collected from: Open source innovation on the cutting edge | Open Source - InfoWorld

Bitcoin P2P Cryptocurrency

Bitcoin is a peer-to-peer network based digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Advantages:

Transfer money easily through the Internet, without having to trust middlemen.

Third parties can’t prevent or control your transactions.

Bitcoin transactions are practically free, whereas credit cards and online payment systems typically cost 1-5% per transaction plus various other merchant fees up to hundreds of dollars.

Be safe from the instability caused by fractional reserve banking and bad policies of central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by the banks.

Bitcoin is an open source project created by Satoshi Nakamoto, and is currently in beta development stage. Bitcoin development is hosted at SourceForge.

Collected from: Bitcoin P2P Cryptocurrency | Bitcoin

Anonymous internet banking

Anonymous Internet Banking is the name given to the proposed use of strong financial cryptography to make electronic bank secrecy (or more precisely pseudonymous banking) possible. The bank issues currency in the form of electronic tokens that can be converted on presentation to the bank to some other currency. This concept has a long history in which free banking institutions have issued their own paper currency often backed by a physical commodity.

[...]

Examples of anonymous internet banking services that have already been implemented include:

Bitcoin: open source peer-to-peer electronic cash system that's completely decentralized, with no central server or trusted parties.

eCache: an anonymous bank operating over the Tor network.

Pecunix: an (optionally?) anonymous digital gold currency.

Yodelbank: an anonymous bank built on top of various digital gold currencies which ended operations during November 2005.

Collected from: Anonymous internet banking - Wikipedia, the free encyclopedia

Peer-to-peer

A peer-to-peer, commonly abbreviated to P2P, is any distributed network architecture composed of participants that make a portion of their resources (such as processing power, disk storage or network bandwidth) directly available to other network participants, without the need for central coordination instances (such as servers or stable hosts).^[1] Peers are both suppliers and consumers of resources, in contrast to the traditional client–server model where only servers supply, and clients consume.

Collected from: Peer-to-peer - Wikipedia, the free encyclopedia

Sources

Open source innovation on the cutting edge | Open Source - InfoWorld
http://www.infoworld.com/d/open-source/open-source-innovation-the-cutting-edge-582?page=0,2
Bitcoin P2P Cryptocurrency | Bitcoin
http://www.bitcoin.org/
Anonymous internet banking - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Anonymous_internet_banking
Peer-to-peer - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Peer-to-peer

Bitcoin - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Bitcoin
Bitcoin | Download Bitcoin software for free at SourceForge.net
http://sourceforge.net/projects/bitcoin/
Bitcoin P2P Cryptocurrency | Bitcoin | Latest Security News | GSO - Network Security Resources
http://www.governmentsecurity.org/latest-security-news/bitcoin-p2p-cryptocurrency-bitcoin.html
TransAlchemy: The Global Survival Market
http://www.transalchemy.com/2010/07/global-survival-market.html
P2P Foundation
http://blog.p2pfoundation.net/

2010-05-01

Distributed Car Sharing

Clipped from: Next Generation of Car Sharing: You Rent Your Car to a Complete Stranger

Next Generation of Car Sharing: You Rent Your Car to a Complete Stranger

Known as personal car sharing or distributed car sharing, the concept is very intriguing...and runs somewhat contrary to how many people view their cars.
[...]
The basic premises of the models are the same. The cars and drivers are certified through some kind of background check. As the renter, you tell the online system when your car is available and then others can search the website for available cars. You set the price, either by hour or by day or week.

Clipped from: Next Generation of Car Sharing: You Rent Your Car to a Complete Stranger : Gas 2.0

WhipCar, launched in London last week
RelayRides, will launch in Boston this summer
Spride Share, based in California, will launch as soon as they can get the laws changed in California to allow personal insurance policies to cover car sharing

Clipped from: Share your car for a fee - Spride Share

Clipped from: Hire Cars on WhipCar - Local Car Rental, Put Your Car to Work | WhipCar

Clipped from: YouTube - WhipCar - Rent the car next door

WhipCar - Rent the car next door

Clipped from: RelayRides - Home

RelayRides Person-to-Person Carsharing is Launching in the Boston area!

RelayRides is a new carsharing service that allows people to rent cars directly from car owners in their neighborhood, whether for an hour or for a day.

Clipped from: YouTube - Make money letting others drive your car

Make money letting others drive your car

Sources:

Related:

2010-03-16

Bump iPhones to Exchange Money with PayPal iPhone App

Clipped from: Owe Someone Money? Just Bump Your Phones - Bits Blog - NYTimes.com

Owe Someone Money? Just Bump Your Phones

People have predicted the death of cash and checks for a long time. But there are certain transactions — like paying a friend back for dinner or buying vegetables at the farmers’ market — for which they remain essential.

PayPal’s new iPhone application could finally change that. It promises to let you quickly divide a restaurant bill and send a friend the portion you owe just by bumping your iPhones together.

Clipped from: PayPal for iPhone, iPod touch, and iPad on the iTunes App Store

PayPal

By PayPal, an eBay Company

Description

PayPal’s mobile money application is the faster way to send money with your iPhone® to friends and family anytime, anywhere. It’s much easier than going to the ATM to withdraw cash, writing checks, and sending gifts the traditional way. And you can manage your PayPal account right from your mobile device. All of this with the security and protection you get from PayPal.

Clipped from: YouTube - The New PayPal iPhone App

The New PayPal iPhone App

Clipped from: Bump Technologies, Inc.

Bump is a quick and easy way to connect two phones by simply bumping them together. Exchange your phone number, photos, or compare friends with just a bump.

Sources:

Related:

2008-01-25

US Recession Fueled by Low Wages and Consumer Debt (video)

Leo Panitch, a Distinguished Research Professor of Political Science at York University in Toronto about the fundamental connections between current economic crisis and consumer debt.

clipped from www.foxnews.com

U.S. Consumer Credit Card Debt May Crash Economy

In fact, on the national level, the Bureau of Labor Statistics shows that aggregate U.S. personal income in 1990 was $4.9 trillion. In 2003, it was $9.2 trillion. The rate of growth? 188 percent — pretty far off from the 350 percent growth in credit card charges.

clipped from www.iht.com

Bowring: Profligacy is America's problem

There is a direct connection between easy credit in the United States, Wall Street irresponsibility, consumer excesses, unsustainable trade imbalances, the return of global inflation and the worldwide asset price boom.

clipped from www.latimes.com

Good for borrowers, bad for savers

If you're in debt, the Fed rate cut could give you immediate relief. If you bank up your money, it'll grow a lot slower.

clipped from therealnews.com

US recession fueled by low wages and consumer debt

Leo Panitch: Weakening of unions and global pressures on US wages a major factor (1 of 2)

2007-12-05

Nanosolar's Breakthrough - cost-efficient solar energy source

Nanosolar's PowerSheet cells solar power for the first time in history cheaper than burning coal.

The Nanosolar company was founded in 2002 and is working to build the world’s largest solar cell factory in California and the world’s largest panel-assembly factory in Germany. They have successfully created a solar coating that is the most cost-efficient solar energy source ever.

Our Technological Future: Nanosolar's Breakthrough - Solar Now Cheaper Than Coal

2007-11-11

Prosper - The Online Marketplace for P2P Lending

The eBay of Loans

clipped from www.prosper.com

1.Borrowers create a loan listing on Prosper, specifying the amount they want to borrow and interest rate.

2.Lenders review loan listings and bid on the ones they choose.

3.Prosper takes the bids with the lowest rates and combines them into one simple loan.

4.Loan proceeds are deposited directly into the borrower’s bank account and lenders receive monthly
payments as the loan is repaid.

Prosper: The online marketplace for people-to-people lending - Prosper

The $25,000 "Frrrozen Haute Chocolate" dessert (video)

World's most expensive dessert.

NEW YORK (Reuters) - A day after New York City came up with a $1,000 bagel, a local restaurateur unveiled a $25,000 chocolate sundae on Wednesday, setting a Guinness world record for the most expensive dessert.