Finance

Can You Spare an Innovation Dime?

Jeffrey-Phillips-2

In the Great Depression it wasn't at all uncommon to see able bodied men selling apples on a street corner, or worse, holding a sign asking for spare change. The phrase "can you spare a dime" became synonymous with the era, as people sought any job, any way to earn money they could find. Of course, back then a dime was real money. Today, there's a new cry heard in many organizations..

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Amazon Launches Virtual Currency

Amazon-Kindle-Fire

Amazon has announced a new virtual currency for purchasing games, apps, and in-app items on the Kindle Fire. ‘Amazon Coins‘ will be an easy way for customers to spend money in the Amazon Appstore. They are geared towards developers to help drive traffic, downloads, and increase monetization.

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When Innovation Goes Wrong

Financial-Innovation-795841

Ever since innovation became the buzzword du Jour, a lot of people seem to have lost their ability to tell smart ideas from stupid ones. Case in point: the financial "innovations" (read: stunningly stupid loan products) that kicked off the trillion-dollar economic meltdown mess we're currently in. The simplistic notion that "new equals good" has often been a recipe for grand-scale disaster, just as it was in the dotcom debacle at the turn of the millennium.

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