Ged Carroll

Category: finance | 은행업

Finance is a really odd section for me to have. I don’t come from a finance background, I have no interest in fin-tech. Yet it makes its appearance here on this blog.

When thinking about this category, I decided to reflect on why its here. It’s usually where curated content sits, rather than my own ideas.

The reality of life in the west is that everything has become financialised. As I write this as people think about web 3.0, they are thinking about payment systems first and working about utility later. This implies that the open web we know won’t be part of the metaverse in terms of ideas or ethos.

Instead of economic growth consumer spending depends on different ways of creating credit. Its no accident that delayed payments finance company Klarna is the biggest thing in European e-commerce at the time of writing this page.

Back when I started writing we were heading into the financial crisis of 2008, the knock on effects of that could still be felt a dozen years later and was a contributing factor to Brexit and Trump victories. The ‘occupy’ movement was catalysed by the financial crisis and then turned into something else. For instance it became a pro-democracy movement in Hong Kong.

We had the implosion of financial brands like Lehman Brothers and the Royal Bank of Scotland. This created a lack of trust in business, the media and the government.  We are still seeing that play out today, from cryptocurrency to conspiracy theories and a lack of trust by the public in experts.

  • Siberian meteor burst + more

    Siberian meteor burst

    I know that there have been 500 people with minor injuries, but  the Siberian meteor burst felt like I was living in a Jerry Bruckheimer film. The best observation I saw about it was in Vice magazine’s email newsletter which asked why so many drivers in Russia had managed to film the asteroid rather than keeping both hands on the wheel? The reason for the multiple recordings of the Siberian meteor burst is driver cams used to help with car accident disputes. The Siberian meteor burst brought back memories of the Tunguska event in 1908 which levelled large swathes of Siberian forest.

    Business

    “Physically Together”: Here’s the Internal YHOO No-Work-From-Home Memo | AllThingsD – I could see a post coming on from Becky McMichael about the benefits of remote working and flexible hours etc etc

    PrivCo | LIVINGSOCIAL $110M Debt Infusion From Existing Investors With Oppressive Terms – I wonder what implications this will have for GroupOn

    Consumer behaviour

    HBO: The Weight of the Nation interesting site on obesity in the US

    Culture

    So there has been extensive character redesigns and different actors will be voicing some of the main protagonists, but I am super-excited that Production I.G are returning with another installment in the Ghost In the Shell series of anime. Arise looks amazing judging by the trailer footage now available on YouTube. More Japan related content can be found here.