Showing posts tagged business.
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John MacFarlane on stuff, things

Navigating the obvious.

"Probably you have a lot of other things on your mind. Like money. Me, I spent last year working on a piecework contract rather than for a salary. That meant I got stuck carrying a big credit-card balance for several months, while my payment was in a very slow pipeline. People were not very quick about paying money for things last year. I bring this up because while I was carrying that balance, I mixed up my credit card with my ATM card one time, and so accidentally I took out a cash advance, which had a higher interest rate than the regular balance. When I called the credit-card company to tell them I wanted to pay off that high-interest balance first, they said I couldn’t. They had buried it at the bottom of the whole stack of other money I owed them, and the only way to get to it was to shovel away the entire low-interest balance first. So until I finally got enough cash to pay off the full balance, that cash advance just sat there, bleeding extra interest. But afterward, Congress—this crappy, infuriating, do-nothing Congress, this Congress that every single American despises—outlawed that scam. Credit-card companies now are required to pay down your highest-interest balances first. Maybe this is because Congress is a bunch of socialists trying to murder our free-enterprise system. Go ahead and vote for your Tea Party if you feel that way."
— 1 year ago with 9 notes
#usa  #politics  #business  #democracy 
"What I don’t understand is how corporations were granted their immunity. How it is axiomatically understood that their interests come before those of people or even their governments? Why must they be defended against reform? How do they recruit their friends in politics and reward them? How do politicians win support from voters whose own wages and safety are threatened?"
— 1 year ago
#business  #politics  #corruption  #ideology  #sociology  #environment 
"The idea behind Promoted Tweets is that we want to enhance the communications that companies are already having with customers on Twitter,” said Dick Costolo, Twitter’s chief operating officer."
Twitter Has a Plan to Make Money With Ads - NYTimes.com Although, when corporate people use language like this, some might infer that it isn’t a very good plan. It sort of reminds me of the way the Facebook guy tried to describe any of their failed monetising attempts.
— 2 years ago
#twitter  #business 
"Perhaps part of the reason for Dixon’s remuneration windfall was due to the perpetuation by lazy analysts and commentators of one of the great myths of Australian business: that Geoff Dixon was an elite business executive."
— 2 years ago
#business  #australia