Lessons in the "Business" Category

Taxi? Or perhaps an Uber Taxi?

Next time you need a taxi think hard. Will you order a taxi or an Uber taxi? To order an Uber taxi you’ll need to download an Uber app. This allows people in many cities around the world to call an Uber taxi for a cheaper price than calling an ordinary taxi. Is this a good idea or not?

The Uber taxi has caused a backlash from thousands of traditional taxi drivers, to the point where thousands of cabbies in cities worldwide have taken to the streets and demonstrated. This has sometimes caused gridlock across cities.

Category: Business / Taxi / Uber Taxis

Google Glass

Today, let’s talk about Google Glass. This is a wearable computer that has an optical headmounted display on a pair of glasses that allows users to video what they see. They can also wake up Glass and say “ok Glass, take a picture” for a hands free way to take a snapshot. Users of Google Glass can also communicate with the internet via natural language voice commands.

Google started selling Google Glass in April 2014 for a limited period for US$1,500. The device became available to the general public in May 2014 for the same price. Currently Google provides four choices of frame for US$225.

Category: Technology / Google Glass / Camera

'Smart' meter to cost every UK household £200

Today, let’s talk about ‘smart’ meters. These electronic meters will measure your electric and gas usage. They are meant to replace your existing meters. The catch in the UK is – it will cost YOU £200 to install one, even though legally you don’t need to.

Next year UK energy companies will begin the mass installation of these ‘smart’ meters. The expense of which will be passed on over time to customers. The idea is to save customers money. Seeing as they will cost £214.80 to install, any saving will take at least eight years before anyone begins to benefit!

The £11 billion project is supposed to cut down energy consumption and reduce bills! Really? So far, five EU countries considering similar such plans have decided it would cost more money than it saves.

Category: Energy / Smart Meters / Business

Tesco Bank launches current account

Recently Tesco launched its own current account. The supermarket’s aim is to challenge the top four major High Street banks in the UK with Tesco Bank, despite it having only a minimal in-house branch presence.

Tesco claims it will bring competition back to the market that currently offers “ridiculously poor value” to consumers. It said its new current account was without the “smoke and mirrors” offerings, such as charges and introductory deals, used by others.

Category: Business / Banking / Tesco Bank

What would you do without the internet or mobile phone?

What would you do without the internet or mobile phone? Most people can’t imagine life without either! Just think about how many times you log on to the internet. It is addictive!

Most people with mobiles check their emails and SMS messages all day long. They can’t do without their device. They need to play with it all day long. It is a must-have addictive toy they simply can’t do without! For others though it is a necessity for their work.

Category: Lifestyle / Internet / Mobile Phones

Mobile banking surges ahead

Recently a study by the British Banking Association (BBA) reported a doubling in mobile banking transactions, which will further increase the risk to branch banking. The number of transactions carried out on smartphones and tablets in the UK at the end of 2013 reached 18.6 million per week.

Category: Business / Banking / Mobile Banking

What is bitcoin?

Bitcoin is an innovative payment network. It is a new kind of money. Bitcoin is the first decentralized digital or virtual currency. Bitcoin is money you can send through the internet.

The advantages of using bitcoin is that it can be transferred person-to-person via the internet without going through a bank or clearing house. This results in the fees being lower. They can be used in every country.

Category: Business / Economic / Bitcoin

Office Stationery and Equipment

Today let’s talk about office stationery and office equipment. Here is a selection… Things that hold pieces of paper together include: staples that are in a stapler, Sellotape, a bulldog clip and a paperclip. The latter can be kept in a paperclip holder. To remove the staple in the paper we use a staple remover! Rubber bands can be used to bundle paper documents together.

A ‘Pritt’ stick, a form of glue, can sometimes be useful to glue things together. ‘Blue-Tak’ or drawing pins are used to pin pieces of paper on a notice board. A hole-punch makes two holes in paper to allow paper to be joined together.

Category: Business / Office stationery / Office equipment

Free-if-in-credit banking could end in UK

The writing is on the wall in the UK for free-if-incredit banking. Several banks have recently mulled the idea of gradually ending this idea. The reason being they need to refinance themselves.

The Chief Executive of the Royal Bank of Scotland Group Ross McEwan said recently it was only a matter of time before “free banking” ended. The chairman of Barclays said two years ago that he agreed “in principle” with ending the practice.

Category: Business / Banking / Free-if-in-Credit Banking

British banks cut thousands of jobs and hundreds of banking branches

British banks are to cut thousands of jobs and close hundreds of bank branches. The huge shake up is a result of them being allowed to get too big. The devastating 2008 financial crisis saw two of the biggest UK banks taken over by the government because of the losses they incurred.

The Royal Bank of Scotland Group (RBS), that is 81% owned by the government, is expected to axe 30,000 jobs this year. The bank will withdraw from risky business and severely cut its international division. Its new Chief Executive Ross McEwan aims to decrease the RBS Group headcount by a quarter over the next 3-5 years.

Category: Business / Economics / Banking