finance

The Twilight Generation

Five years ago I identified a cohort of older people I called the Charmed Generation. A combination of final salary personal pensions, house price inflation, lack of debt and inherited money from their parents has insulated these people from the financial trauma that has afflicted their children and grandchildren and many of their peers.

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Creative Work Unlocked by Crowdfunding: A Disruptive Innovation

The other day I received a downright inspirational email from my friends at IndieGoGo, a site dedicated to the collaborative funding of ideas. (Here’s a short video of my friend Slava Rubin, co-founder of the company.) The missive pointed to a video featuring 9 year old Jackie Evancho a rising America’s Got Talent star who belts out To Where You Are.

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Deja Vu, All Over Again

So the Dow hit a bull-market high last Wednesday and gas costs more than $3/gallon. You know what comes next, don't you?

It's not a question of if but rather when we'll all be complaining about falling stocks and rising gas prices. We should be particularly aware of this inevitable reality since most of us are still smarting from the wounds we received over the past year or two.

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Should Banks Get into Virtual Currencies? I Want My Facebook Savings Account.

Facebook’s Gareth Davis said at the GamesBeat conference in San Francisco earlier this year that Facebook is “looking at” a virtual currency, that makes perfect sense. Is it a pure virtual currency or is it kind of a dual currency, meaning including real money? A Facebook currency can facilitate a lot of new behaviors. A virtual currency and payment ecosystem has already been slowly growing within Facebook over the last 2 years.

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AARP's Lifetuner Project Is a Statement of Intent

At the end of October, AARP, the US organization that is all about the 50-plus, launched a Web site and online community designed for 25-to-34-year-olds. Weird or what. It is like Age UK launching a Web site targeted at teenagers. This is how the site describes itself.

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The UK Recession Is Good for Lots of People

by: Dick Stroud

All is not doom and gloom.

The way the recession is affecting consumers in the UK is nothing like the previous bad times.

The economic pundits keep comparing it with the really bad times we had in 1990 but as this chart from the excellent presentation from Lord Turner at the FSA shows, interest payments are now much smaller as a percentage of income than back then.

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3rd Annual Top 5 HBR Breakthrough Ideas

by: John Caddell

… in which we winnow down Harvard Business Review’s yearly list of 20 breakthrough ideas to a manageable 5.

1. The Business of Biomimicry, by Janine M. Benyus and Gunter A.M. Pauli. Many of the most important new innovations we’ll see in 2009 and beyond will involve borrowing and inspiration from nature’s processes.

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You Can Always Rely on Bank 'Mum and Dad'

by: Dick Stroud

MoneyPlus, the magazine published by Standard Chartered, has an article about the extending period that children are dependant on their parents for money. The article is actually called: “How not to be helicopter parent” – the sort that ‘hover’ over their kids every financial decision. I would think this is easier said than done.

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Peer to Peer Lending

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The Story of Our Times - Time to Abolish Accounting as We Know It

by: Sigurd Rinde

Imagine this, you're out driving... [Reality references in brackets at the bottom of the post].

But the windshield is not there, instead you have a standardised set of reports [1] coming up on a "dashboard" in front of you [2].

The reports are supposed to give you an idea as to where you are heading and what dangers might lurk, or jump out from the kerb.

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