Podcast: The IMF’s Bad Dream

(Not tech related, this, so please skip if the IMF and Indonesia don’t float your boat. The BBC World Service Business Daily version of my piece on the IMF’s role in the Asian financial crisis of 1997/8 .  (The Business Daily podcast is here.)   Loose Wireless 110607 To listen to Business Daily on the radio, tune into BBC …

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The Financial Crisis in Charts

Thought I’d offer a brief history of the financial crisis as seen through Google Insights, which measures the popularity of a search term over time. Interest in the word subprime spiked a couple of times in 2007 (above) before we figured out it was all about toxic debts (below): and credit crunches: Then we realised …

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The Financial Crisis in Charts

Thought I’d offer a brief history of the financial crisis as seen through Google Insights, which measures the popularity of a search term over time. Interest in the word subprime spiked a couple of times in 2007 (above) before we figured out it was all about toxic debts (below): and credit crunches: Then we realised …

Continue reading ‘The Financial Crisis in Charts’ »

Helping the World, Ripple by Ripple

God, I love simple ideas. This is great one (tip of hat to Lifehack) because it’s already working. By doing your search through Melbourne-based ripple, and looking at an ad, you direct the cents your eyeballs earn to charity. A few hours after launch the difference is already being felt: In our first 48 hours …

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The Big Credit Card Theft

Trying to make sense of the massive theft of credit card numbers at CardSystems, ‘a leading provider of end-to-end payment processing solutions focused exclusively on meeting the needs of small to mid-sized merchants’, in which information on more than 40 million credit cards may have been stolen. CardSystems itself has issued only a brief statement …

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Closing The Door After The Phish Has Bolted

MasterCard, one of several banks discovered to have flaws on their websites that would have allowed a phisher to capture passwords, says it has fixed the problem. American Banker Online reported (subscription required) last week that MasterCard International “has confirmed finding and fixing a flaw on its web site’s ‘Find A Card’ tool that could …

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News: When An ATM Isn’t An ATM

 From the These Thieves Are So Smart, Why Can’t They Get A Real Job Dept comes a story about ATMs. The Canadian Press reports of a scam in Ontario where the bad guys have rigged a number of existing bank machines allowing them to make working copies of customers’ debit cards by putting on a …

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