Commerce

Given the endless scandals, abuses, and pecadillos of the mainstream banking industry, it comes as no surprise to see a variety of innovations out there.

In 1997 Reed Hasting returned his copy of “Apollo 13” to the video store and was hit with a late fee so big that he was embarrassed to tell his wife about it. Out of this moment of humiliation the idea for Netflix was born, a business that would eventually take down the entire video rental industry, and its excessive fee-charging practices in the process.

From FinanceAddict, a provocative comment that has attracted some attention: "[It s]ounds a bit like a science fiction novel; are the financial algorithms, models and computers taking over from their human creators? Have we reached a financial singularity?

The good folks at io9 ask: Could SpaceX Land the First Humans On Mars? I would like the short answer to be: "Don't Bet On It." But chances are that all of us taxpayers will indeed be strong-armed into precisely that bet by the same neoliberal incumbent elites who have ruinously looted

An enjoyable experience of scanning more than 70 trends related to work and entrepreneurship made me conclude that there are five driving forces shaping the future of work: technological developments, globalization, demographic shifts, social trends, and paradigmatic changes.

Frustrated by historically low interest rates, small investors are finding that traditional financial institutions are unable to provide them with satisfactory levels of income.   What if people could easily find qualified borrowers and make their own loans directly?