֎ It was China who hacked into Equifax’s credit history data recently. China now has the credit history of most Americans. May as well ask China for one’s latest credit score.
֎ The first ‘no-cash’ all electronic bank was approved by the Federal Deposit Insurance Corporation (FDIC). The bank’s name is Varo. No tellers required. It isn’t exactly the Kenya model but it’s an app on the smartphone. The ‘buyer beware’ element is that a person never holds income in their own hands; the asset value of income is disappearing. Oh well, most people can’t afford to buy houses, build savings or pay for health and retirement anyway.
֎ Senator Josh Hawley (R-Mo) said: “Google and Facebook have acquired hundreds of companies in the last two decades, yet the FTC never once intervened to try to block any of these acquisitions.”
֎ Amazon Prime Day has become a top-notch shopping holiday, up there with Black Friday.
It occurs to mariner that the world is fragmenting. On the one hand, wealth is accumulating at increasing speed to those of the oligarchical class; on the other hand, lower and middle class people are having a bankruptcy experience; on the other hand, artificial intelligence is taking over the role of shaping society; on the other hand, corporate influence is replacing government influence as the source of economic oversight; on the other hand, dozens of nations will cease to exist as global warming takes its toll on land, water and economy.
Okay, millennials and Zs, it’s your turn.