August 27, 2010
A busker in London has started to refuse cash payments and is now only accepting money for his performances via credit cards.
Peter Buffery plays on a guitar which has been adapted to feature ‘contactless technology’ allowing passers-by in Soho Square to ‘swipe’ a card and give him money.
Okay so it’s a publicity stunt by Barclaycard, however the idea of “swiping” for payment for small amounts certainly will be something that businesses will need to consider for the future.
August 1, 2010
BBC News reports on the chancellor calling for banks to lend more to business.
The chancellor has warned the UK’s banks that they need to start increasing their lending to businesses.
George Osborne said the government “would not tolerate banks piling the pressure” onto small firms, and that it was their “obligation” to lift lending.
By getting banks to lend more, George is hoping that business investment will rise, resulting in an increase in jobs and incomes. This should also have a positive impact on tax revenues and reduce benefit payments.
July 18, 2010
Next month at least one major store on Oxford Street will be launching their Christmas range!
One of the country’s top stores is to start its Christmas trading 145 days before the holiday.
Selfridges in Oxford Street will launch its Christmas season on 2 August – its earliest-ever start for the store.
People keen to plan ahead can purchase trees, crackers, fairy lights or even a £500 life-size donkey.
June 29, 2010
So is there a crisis in capitalism?
In this RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism towards a new social order that would allow us to live within a system that really could be responsible, just, and humane?
April 16, 2010
The cloud of volcanic ash currently causing chaos for air travel will continue to cause chaos even after it has cleared.
BBC News reports
For while the majority of flights may be back in the air by the beginning of next week, it will be many more days before the airlines have got their schedules back on track.
The article continues…
Flight schedules are intricate and complex, and the consequences of missing just one flight, let alone hundreds, can be far reaching.
Aircraft on the ground cost airlines huge amounts of money. It costs British Airways £10m every day that their aircraft don’t fly.
Decisions will need to be made how these increased costs can be covered.