A woman rides the beast

The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican’s Justice and Peace department should please the “Occupy Wall Street” demonstrators and similar movements around the world who have protested against the economic downturn.

From here

This entry was posted on October 24, 2011 at 11:11 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “A woman rides the beast”

ian vincent Says:
October 25, 2011 at 1:09 am
The end of credit cards

9 ways your $$ is going sci-fi

“It’s a glorious competitive battle amongst some of the largest entities in the country,” said Peabody.

The Isis mobile wallet will let consumers store multiple cards, make payments with the wave of their phone, check balances, receive coupons and use rewards points at the point of sale. But it may stretch beyond just the money in your wallet. Abbott sees the potential to include your insurance cards, driver’s licenses, and other information typically found in a wallet.

“[Payment] is where we’re going to start, but where it goes is wide open to the innovation of other players who want to be involved,” he said.

Beth Robertson, a payments analyst at Javelin Research and Strategy, said that could mean developing ways for consumers to make contactless ATM withdrawals by simply waving a phone in front of an ATM as you would at the point of sale.

But because of just how much your smartphone now holds, it’s quickly becoming your most dangerous device.

“We’re increasingly living our lives on our cell phones…The problem is that we’re not yet used to thinking about our wallet in terms of our phone,” said Ed Goodman of Identity Theft 911. “No matter how good security on any type of mobile banking or payments, there are going to be people who are able to find a way around it — it’s really all about making sure everyone ramps up their awareness.”

http://money.cnn.com/2011/01/24/pf/end_of_credit_cards/index.htm

Meaning: It is doomed to fail from the start, with the only solution being biological recognition in order to establish identity.

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Ian Vincent