“If I’m willing to pay $100 for someone to bring me a glass of fresh milk from an Omaha dairy cow right now, there might very well be a guy who would be super happy to do that, but he doesn’t know that I’m the crazy guy who is willing to pay $100.” Bo Fishback was on stage at the “Big Omaha” startup conference in 2011, trying to explain how his company Zaarly was designed to make that connection between the person with more money than time and anyone who, finding themselves in the opposite situation, could fulfill his hankering for local farm products. “It creates instantly the ultimate opt-in employment market, where there is no excuse for people who say, ‘I don’t know how to get a job, I don’t know how to get started.'” Fishback wrapped up his presentation with a flourish: A man in a baseball cap arrived, cow in tow, with a tall plastic jug of milk. advertisement advertisement Neither Fishback nor I … [Read more...] about Pixel & Dimed On (Not) Getting By in the Gig Economy
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Lasith Malinga took four wickets in four balls and became the first player to take 100 wickets in Twenty20s as Sri Lanka earned a consolation victory against New Zealand on September 7.With the 3-match series already lost, Sri Lanka chose to bat first and made only 125-8, its lowest score of the series. But Malinga hastened his side to a thumping win by taking New Zealand's first four wickets in the third over of their reply. New Zealand was all out for 88 and Sri Lanka won by 37 runs.Malinga bowled Colin Munro off the third ball of his second over, the 100th wicket in T20s for the 36-year-old paceman. Then Malinga trapped Hamish Rutherford lbw, needing a review to overturn the umpire's not-out decision, before bowling Colin de Grandhomme with a trademark yorker, and delivering another yorker to hit Ross Taylor on the foot for a plumb lbw.Close The 4-for-4 was the second in T20s, after Rashid Khan for Afghanistan against Ireland in February. The hat trick was also Malinga's second in … [Read more...] about Lasith Malinga takes 4 wickets in 4 balls in Sri Lanka’s T20I win against New Zealand
Dussehra is around the corner followed by Diwali in the first week of November 2018. People plan to invest in gold around the festivals and expect prices to rise in future.Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management cautioned, “A yearly Dussehra SIP into rupee denominated gold would have yielded an annualized 4 percent return (approx.) for an investor which would not even beat inflation. Thus, it highlights gold as more of a tactical asset allocation rather than a long-term wealth generator.”Close Correlation between gold prices and equity market“There is a negative correlation of 0.72 between equity markets and gold prices in India in the last six months,” said Abhishek Bansal, Chairman & Managing Director of ABans Commodities. related news Facebook removes 3.2 billion fake accounts, millions of child abuse posts Biggest Oil and Gas companies in the world: Shell, Saudi Aramco beaten by Chinese conglomerate Govt eases norms … [Read more...] about Should you invest in gold this festive season?
In October 2017, Umesh Rathi, 48 years, salaried person residing in Indore required Rs 5 lakh for home renovation. He applied for credit line loan from a fintech organisation using mobile handset instead of traditional method of applying for a personal loan at banks. A credit line is pre-approved credit provided to borrower wherein a person can withdraw a desired amount of credit periodically within a sanctioned limit as per requirements.For instance, for home renovation lumpsum Rs 5 lakh was not immediately required by Rathi. So, he opted for a credit line facility wherein he opted to consume only Rs 3 lakh, to begin with. The interest that got kicked in first was just on Rs 3 lakh of Rs 5 lakh sanctioned by fintech lender.He borrowed the remaining Rs 2 lakh in February 2018 from the same approved credit line. If he had taken a personal loan of Rs 5 lakh from a bank the option of borrowing in parts would not be available, and he would end up paying … [Read more...] about Pre-approved loans on your fingertips: Should you go for credit line when in need?
According to TransUnion September 2018 quarter report, Indians have 3.69 crore credit card accounts (up by 31.7% in the same quarter a year ago), outstanding balance of Rs 84,400 crore (up by 35.8% for the same quarter a year ago) and the average balance per credit card holder was Rs 46,000 (up by 8.1% for the same quarter a year ago). Attractive discounts and deals on credit cards have fuelled the demand for cards from first-time users. Financial planners caution in using credit cards as its most expensive forms of credit. Generally, on a credit card outstanding amount gets charged about 3% per month which turns out to be 36% on an annualised basis.In August 2016, YES bank commenced the credit cards business and was the 17th credit card issuer in the market. The bank is now offering 11 variants of credit cards for mass affluent, affluent high net worth (HNW) and super high net worth customers.Rajanish Prabhu, Business Head-Credit Cards at Yes Bank, talks about USP of their credit … [Read more...] about Be cautious of over leveraging while using multiple credit cards: Yes Bank