Peer-to-peer lending Peer-to-peer lending (also known as person-to-person lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution. This lending takes place online on peer-to-peer lending companies' websites using various different lending platforms and credit checking tools. Overview The interest rates are set by lenders who compete for the lowest rate on the reverse auction model, or are fixed by the intermediary company on the basis of an analysis of the borrower's credit. Borrowers assessed as having a higher risk of default are assigned higher rates. Lenders mitigate the individual risk that borrowers will not pay back the money they received by choosing which borrowers to lend to, and mitigate total risk by diversifying their investments among different borrowers.
The Eight Pillars of Innovation The greatest innovations are the ones we take for granted, like light bulbs, refrigeration and penicillin. But in a world where the miraculous very quickly becomes common-place, how can a company, especially one as big as Google, maintain a spirit of innovation year after year? Nurturing a culture that allows for innovation is the key. How to Provide Your Computer as a VPN Server for VPN Gate The VPN Gate Academic Experiment Project wants volunteers to provide VPN servers. If you have a Windows computer, please kindly provide your computer as a Public VPN Relay Server, and join to VPN Gate Experiment. Setup of Public VPN Relay Server is very easy. After the setup will be completed, your computer will be registered on the Public VPN Relay Servers List page.
Crowdfunded windmill will generate energy for members’ own use Gain instant and exclusive access to over 5,000 of the most creative ideas, innovations and startups on our database and use our smart filters to take you direct to those that are most relevant to your industry and your needs. Not interested? You can still browse articles published in the last 30 days from our homepage and receive your daily and weekly fix of entrepreneurial ideas through our free newsletters. 5 Ways to Build Your Savings Account - Today's Frugal Mom™ How many of you out there have a savings account – or would like to? If you are anything like me, you’ve had one for years, built it up, drained it, built it up again, only to have to spend it all for an emergency. Sound familiar? I want to share with you 5 ways to build your savings account again without overstressing your budget, mind, or family!
Time banking Time banking is a pattern of reciprocal service exchange that uses units of time as currency. It is an example of a complementary monetary system. A time bank, also known as a service exchange, is a community that practices time banking. The unit of currency, always valued at an hour's worth of any person's labor, used by these groups has various names, but is generally known as a time dollar in the USA and a time credit in the UK. Time banking is primarily used to provide incentives and rewards for work such as mentoring children, caring for the elderly, being neighborly—work usually done on a volunteer basis—which a pure market system devalues. Origins and philosophy
The Problem of Economic Calculation - Ludwig von Mises Since recent events helped socialist parties to obtain power in Russia, Hungary, Germany and Austria, and have thus made the execution of a socialist nationalization program a topical issue, Marxist writers have themselves begun to deal more closely with the problems of the regulation of the socialist commonwealth. But even now they still cautiously avoid the crucial question, leaving it to be tackled by the despised "Utopians." They themselves prefer to confine their attention to what is to be done in the immediate future; they are forever drawing up programs of the path to Socialism and not of Socialism itself. How We Create Reality Al Smith, Contributing WriterWaking Times Do you wonder why life is a chaotic roller coaster of both positive and negative events? Have you, like most, earnestly tried positive thinking, meditation or prayer without any tangible beneficial results? Do you stress over your quietly desperate realization that you have little control over your own life?
35+ Social Lending Platforms Around the World I’ll be giving a presentation on ‘the future of money’ in a few months, and am trying to wrap my head around all the emerging disruptive tools and services that are shaking up the financial industry. I plan to do a few posts covering these areas, and hope we can have some interesting discussion about what it means and where we’re going. In the meantime, here’s a general resource of social lending platforms/marketplaces across the globe.