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The entire premise of Web 2.0 was that access to content (and content services) would be free for users and that the value of web-based businesses depended on the nebulous concept of "eyeballs" and how "sticky" they could be made to be. The theory was that advertisers would flock to the busiest websites and that money could be made for click-through adverts (or adverts paid-for according to the number of times it was displayed). It was always a bad model, relying as it did on fickle "traffic" And the situation has become ever worse as those eyeballs have become harder to attract and even harder to both retain and make return.

Peter Lee
Publication: 

Don't say that: 

Jagwar, being a marque of car.

Do say this: 

Jaguar (pronounced Jag-u-ar)

The World Bank, the leading provider of natural disaster risk insurance for emerging and developing countries, has issued catastrophe bonds that will provide a total of USD1,36 million in earthquake cover to Chile, Colombia, Mexico and Peru.

Editorial Staff
BIScom Subsection: 

Don't say that: 

One of the only

Do say this: 

the only one
or
one of the few

There's much jargon flying around in the world of counter-money laundering. It starts with the mistaken name of "anti-money laundering," via the equally erroneous "red flags" to the current vogue terms of "artificial intelligence" and "machine learning." As FinTech and RegTech have passed their media bubble phases, the next wave is so-called "AI AML."

Think about this: when you install any form of AI, you are outsourcing to the software providers the function that the law requires that your staff perform.

Before you even meet the representatives of the start-ups that want to either bolt onto or supplant your existing technology provider, there are several questions you must ask. Here they are.

Last night the Taipei metro area suffered from substantial earthquake damage resulting from a 6.4 on the Richter scale shock under the sea nearby. Reports on the number of casualties differ - within two hours, local Chinese language media was reporting that there had been 29 deaths while national media, fed from state sources, reported two deaths and about 100 hospital casualties. It's all horribly reminiscent of the events of December 2006 and the lessons learned.

Peter Lee

Religions (which in this context are often misdescribed as "faiths" often restrict what are often termed "inter-faith" relationships including marriage, even where restrictions also apply to marriages between those of different religions or even sects within the same faith. Compulsion is by a variety of means, in some countries backed by national law and in others by authorised religious police or by the clergy. But, as a new age of radicalism develops across parts of the world, there is increasing denouncement to the authorities and, even, calls for vigilantism.

Jefferson Galt
Publication: 

There is something off here: you can use your credit card to buy pornography of the most awful and depraved kinds ,you can use your credit card to place illegal wagers or take part in illegal gambling, you can use your credit card to buy drugs, legal and illegal from illegal or at least dubious sources or to put money at risk in pump and dump schemes and the banks and credit card companies are adamant that they cannot identify and prevent such transactions. And yet, when their own business models are under threat, suddenly they are able to identify and prevent the purchase of cryptocurrencies such as bitcoin, Ethereum and Ripple plus many, many more.

Editorial Staff
BIScom Subsection: 

The Chief Inspector of of OfStEd (the Office for Standards in Education), the education regulator in England and Wales, has said that head teachers must be allowed to make rules for the benefit of the entire pupil body and must not bow to pressure from minorities and that religion must not be used for purposes of division, and that the young must be protected from indoctrination in religious schools of all faiths.

Editorial Staff
Publication: 

A report published by FinMark Trust (a charity funded by the UK, the UN and private organisations) seeks to explain the reasons behind the " termination of mobile money services" in South Africa and the likely effects. More positively, the report also " identify barriers to launching effective mobile financial services (MFS) in South Africa with a specific focus on the regulatory environment required to enable such opportunities. " But, as extracts show, there might be an element of a solution looking for a problem. It all seems a little too much as if someone has decided that mobile financial services are essential. What do you think? Subscribers can comment.

Editorial Staff

FCRO Subsection: 

A very funny story in today's South China Morning Post reminds me of the many hilarious tales of my Hong Kong Police mates about vice raids. The anonymous tourist who bemoans his fate in the article is an example of what happens if you think that being a foreigner absolves you from the important action of switching on your brain and learning at least something about what you are getting yourself into, says Nigel Morris-Cotterill

Today, FoxNews carries an article about badly behaved tourists being arrested during a pub crawl in Siem Reap, Cambodia, and a raucous pool party, some being accused of having pornographic images on their phones taken while participants, clothed, were "demonstrating" a variety of sex acts and positions in a villa rented for the night. But that's not the story that matters: what's important are the comments that appear, including comments that carry political messages that have no direct relation to the story, demonstrating that low-level trolling is at least as important as the bots attacking major social media websites.

Editorial Staff
Publication: 

Boeing plays dirty:what it can't win with honest competition it tries to win by alleging dirty tricks by rivals with a view to undermining their access to markets. As a major US employer, when it starts action in the US, it's always assumed that it has home court advantage and because those judging are political appointees that vested and conflicts of interest will almost inevitably mean a decision in favour of Boeing. To the surprise of all, Boeing's action against Bombardier, has been thrown out.

Editorial Staff
Publication: 

Editorial Staff

The non-existent board of an imaginary company decide that they won't go to their bank for money, nor their shareholders. Instead, they will do capital raising by an Initial coin offering (ICO) and that, instead of using intermediaries, they will go it alone.

FCRO Subsection: 

The biggest corporate news in South Africa at present is that of State owned Eskom where every epithet relating to being rotten can be applied: one rotten apple spoils the barrel, rotten to the core, fish rots from the head.. but, as South Africa's deputy President under Jacob Zuma and the recently appointed head of the African National Congress (a national political party, not a continent-wide initiative) said in an electrifying speech at Davos yesterday, things have to change.

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