Archive for the ‘Business’ Category
Moneysavingexpert.com sells for £87 million
Already people are not happy [LINK].
The question is how can the site stay impendent? If its owned by the price comparison website MoneySupermarket, its hardly going to tell people to use other services or products is it?
How can you know if the advice is biased or not.
Personally I will not use moneysavingexpert.com.
I guess he should thank the BBC for giving his site free promotion over the years. He seems to be on the BBC and other stations promoting his site weekly.
Anyway that’s a site I could never trust as I could not tell weather the advice was to promote MoneySupermarket’s products or not.
By the way, a small tip. If you use price comparison sites, do not buy via them. It can be cheaper to go direct to the sites they recommend and get quotes direct. Remember that these sites are on commission, Thus going direct can mean a better deal. Also sometimes you can get a bit more off by phoning and asking if they will do a better deal.
RE: The Cookies Law
I was sent this link:
However, in a briefing last week the ICO told journalists that it was unlikely that it would be handing out penalties, as it would have to prove that a breach had caused “substantial distress” to users. It was also revealed that the ICO might give companies years to comply as long as they can prove that they are working within a ‘reasonable timeframe’.
Reading between the lines, it suggests that all firms do is completely nothing, but just post back a letter saying that they have found some web site chaps who are looking into it, but they are very busy so it could be months/years before they get round to it. And then it could take months/years to update things. But we are really looking at it, we promise.
I suspect if you send them a letter like that then it will keep them happy.
In all honestly it does sound like even the ICO chaps are not bothered. Probably happy to get the cash just to pretend to be interested.
I do love government agencies. Lots and lots of staff hired to push paper around an office. This is why the UK is bankrupt, simply to pay for these people to sit all day and pester people (people who are out making money and paying tax). I keep asking the same question, why on earth would you want the hassle of setting up a business in the UK?
28.19 Facebook Inc
How the value is dropping.
But then again why would you buy the shares?
Would you buy MySpace shares today? A few years ago they were as big as facebook.
If you bought them, would you still keep them or just sell? I guess a lot of greedy people will keep them hoping they will increase in value.
To be honest I feel sorry for anyone who bought these shares as I suspect they have thrown there cash away.
£15 a month to bank
Andrew Bailey, executive director of the Bank of England and the chief executive-elect of the Government’s Prudential Regulatory Authority, set up to police the banks has apparently suggested this and to end free banking [LINK].
I know my bank keeps wanting me to change to an account that charges. They keep saying that it includes travel insurance (not something any use to me) plus other rubbish that I have no interest in. I keep getting asked if I want a meeting to chat about my account. My response is that I have no interest in changing my account, I max out my overdraft and happy with that as for all I know I may get run over the next day and if I do I want to die knowing that I owe people money.
I would not stay with any bank that charges. The only reason I have a bank account is that its a necessity in today’s world, not something I really want. For instance to pay bills its easer with direct debit. Banks seem to rip me off anyway. For instance one bank I was with would charge about £5 or more if I payed a USA dollar check into my account. They would also take up to 6 weeks to do this. Sometimes the USA bank would also take $10 on top. I have changed banks and the new one charges next to nothing (in fact I am not sure they even charge) plus they clear the checks by next day.
When I was a student I once went overdrawn by £2. The bank then charged me £25 for this, and then charged me again 5 more times £25 the next day as more direct debits were due to go out. However I had paid a check in and it was because the bank was messing about it had not cleared in time. After a lot of arguments on the phone they agreed to refund me. As I pointed out that as a student they had now put me into owing them almost £200 and I could not pay it back as I was a student, and how did they expect me to eat? But to be fair my new bank that I am with has been so much better. I am just so annoyed with myself that I did not change banks thinking all banks would be the same and it would be a pain to change.
With the cost of fuel going up, and the government saying that the heating bills may increase by £70 to possibly £300 to cover the cost of nuclear power stations, I suspect if banks charge £15 or so, many people will probably conclude that they are better off getting sacked and let the government pay the bills.
My friend this week has been training at his bank about Lean Manufacturing (I know, sounds boring). But its rather interesting (well I think it is anyway).
The basic background is that it cuts out waste at work. By this doing away with pointless things such as duplication of work. An example being that if you phone a firm and ask for some information, the chances are you will be put through to a different department, yet that person has all the info in front of them. The result is that instead of being dealt with then, you spend all day being moved from one department to another. The cost becomes more expensive to the firm.
The example from Japan is Toyota who used this method to grow a tiny car firm to the huge firm it is today.
But one of the interesting examples he pointed out that banks do now is cash machines. A few years ago if you went to a cash machine and got money out, the cash came out first. It was common for people to then walk away and leave the card (I have done it myself a few times). This meant customers having no cash card till the new one is sent out. This also costs the bank money to send new cards out. So now the card comes out before the cash. Also if you forget the cash, the machine will pull the cash back into the machine.
Anyway I just found it interesting.