Daily Archives: 06/10/2013

Why America’s “underbanked” are key to the growth of mobile payments

Gigaom

At the height of the first Great Depression, President Roosevelt signed the Banking Act of 1933, which established the Federal Deposit Insurance Corp. This was meant to insure account holders and protect them from losing everything in the event of another crash. While the majority of Americans conformed to the new banking system, a smaller percentage did not and instead rely on a cash-based economy – a group that came to be known in the financial industry as the “underbanked.”

Fast forward to 2013 and America’s underbanked population has swelled to some 68 million people. Research from the Federal Reserve Board shows, surprisingly, that the underbanked have adopted mobile and smartphones at a higher rate than the average American. And not only are they more likely to own a cellphone, but because these low-to-moderate income consumers are less likely to have in-home internet access, they rely more on their phones for…

View original post 891 more words

NSA whistle-blower revealed: 29-year-old former CIA staffer says he felt compelled to leak

Gigaom

Another bombshell dropped on Saturday in the ongoing revelations surrounding the federal government’s PRISM surveillance program: the man who leaked the top-secret documents about the program came forward and revealed his identity — he is Edward Snowden, a 29-year-old former technical assistant with the CIA. Snowden said in an interview with the Guardian that he knows he will be charged with a crime for his actions, and expects he may “never see home again,” but that he felt compelled to leak information about the National Security Agency’s surveillance activity.

Snowden said that there wasn’t one specific moment where he decided that he was going to reveal top-secret information (if you’re just coming to this story, check out our omnibus post about what we know so far, which is being updated regularly). He said it just built up over time as he watched the agency collect more information via phone…

View original post 389 more words

Cricket: WICB salutes Sunil Narine as he rises to top in ODI rankings

WICB salutes Sunil Narine as he rises to top in ODI rankings

Sunil Narine

Sunil Narine

June 8, 2013 – Caribbean News Now – ST JOHN’S, Antigua

The West Indies Cricket Board has saluted West Indies off-spinner Sunil Narine on his recent elevation to the number one position in the ICC One-Day International Rankings. In a message of congratulations, WICB president Dave Cameron also urged the young spinner to maintain his high standards.Narine, who turned 25 late last month, enters the ICC Champions Trophy 2013 in the top spot ahead of Pakistan’s off-spinner Saeed Ajmal. The two slow bowlers faced each other when the West Indies played Pakistan at the Oval in the opening Group B match.

Narine now commands the top spot in two formats – having climbed to number one in the ICC T20 Bowling ranking earlier this year.    Continue reading

Guyana: Explosive book warns of Black rage – Jamaica Gleaner Review

Dr Glenville Ashby, Reviewer
Dr Glenville Ashby, Reviewer (right)

Title: Sitting on a Racial Volcano (Guyana Uncensored)

Author: G.H.K. Lall, 2013. Publisher: GHK Lall

In the field of psychopathology, “Black Rage” is a veridical mental disorder, a seething psychic wound that festers, then erupts with savagery at its perceived oppression. The term has also been deftly used by defense lawyers to humanise perpetrators hauled before an unforgiving penal system.

G.H.K. Lall is neither therapist nor attorney, but in this shoot-from-thracye-hip, emotively unrelenting and daring undertaking, he has assumed both these titles, and more. Lall’s signature pen stirs controversy. He will have it no other way. His earlier work, Cesspool impugned Guyana’s choking bureaucracy.       Continue reading