What Happened This Week & Weekend Reads!
Well it’s been another interesting week in the world of business and personal finance. Here are just a few of the stories that have been all over the news and affect us all in one way or another!
Instagram seems to have watched the film ‘How To Destroy A Company In 10 Days’! Last week it decided to escalate a war with twitter by interfering with the pictures its users were posting. This week it made a more than controversial change to its terms & conditions that will allow Facebook full access to Instagram users personal details and will also allow it to sell users personal photo’s to advertisers with none of the profit being returned to the user!
Unsurprisingly the press and social networking world hit back with threats to boycott Instagram and find another camera app that will allow it to share photo’s with friends and social networks. I read an interesting article today that peers a little deeper into Instagram’s recent social suicide and asks if there’s more to it than meets the eye, you can read it here.
What do you think? Will you continue to use Instagram or will you look somewhere else?
Another victim was claimed this week by the ever deepening retail crisis in the UK. Comet has been a household name in electronics and white goods since I can remember. Unfortunately it has failed to re-brand and keep up with the changing landscape of the retail world. Even if Comet does find a way to reinvent itself as an online brand in the same way that Woolworths has, it will still leave another gaping hole in the high street and sadly many more people will be joining the desperate scramble for jobs in the New Year.
Though it was a slightly less publicised story, UK inflation figures were released this week and inflation is still running above target eroding the saving & spending power of UK households. Although at 2.7% it wasn’t a drastic figure, it’s still enough to heap even more pressure on struggling UK families.
Keeping inflation high seems to be an obvious ploy to erode the massive UK national debt but when you consider that UK borrowing figures are much higher than forecast, you have to wonder how long the UK can hold on to its Triple A rating. Does the UK really have a more sound economy than the US? I’ll let you answer that.
Posts From Friends
We’re not the only personal finance site around you know, here’s a round up of excellent posts from friends around the web, enjoy!
Frugal Rules ~ Taking The Plunge is Not Just For Polar Bears – Part 1
Modest Money ~ Apple iPad3 Giveaway Contest
Frugal Habits ~ Enjoy Saving Money? Don’t go Broke in the Process…
Canadian Budget Binder ~ Too Many Bills Not Enough Money Each Month-$100 CASH GIVEAWAY
The Savvy Scot ~ 5 Sensible Reasons To Take Out A Loan & 5 Ridiculous Ones
Tackling Our Debt ~ How Eating Dark Chocolate Improves Your Health and Well Being
Plunged In Debt ~ Beef With My Alma Mater
One Smart Dollar ~ How to Stop Living Paycheck to Paycheck + $100 Giveaway
See Debt Run ~ Great Part-time Jobs For Busy Parents
Making Sense Of Cents ~ Ways I’ve Made Money
Money Beagle ~ Would You Stop Speeding To Pay Lower Premiums?
Mo Money Mo Houses ~ Tips & Tricks to Save Mo’ Money When Online Shopping