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Walter Pinson

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Top Stories by Walter Pinson

Windows Azure at Cloud Expo My colleague, Peter Palmieri, just penned a blog post about Microsoft’s recent announcement that the Azure platform will offer extensive and familiar relational database features via SQL Data Services (SDS). In his post, Leveraging Skills, Peter discusses the fact that .NET developers will be able to leverage their existing SQL Server database skills when developing against the Azure platform. In doing so, he has touched upon what I think is Microsoft’s most strategic advantage in the realm of cloud computing. Microsoft has a ready-made ecosystem and developer community from which to draw its consumer innovators and early adopters. And I believe it plans on leveraging that advantage to vanquish the competition. The sheer breadth and depth of these cloud consumer first-movers may prove to be game-changing. From my perspective, abstractio... (more)

Interest Rates and Payday Loans

This just came to my attention and I find it somewhat amazing.  It is slightly off topic, but it does (indirectly) relate to matters of credit and it most definitely has to do with leverage. A typical payday loan scenario is where someone borrows $100 for 15 days with the promise to repay $120.    Simple interest of 20% seems innocuous enough.  However, the real math behind this transaction is unbelievable. The APR (annual percentage rate) on this loan is 486.67%. The EAR (effective annual rate) on this loan is 8,347.80%. There is no transaction equality here.  Read more. Loan sha... (more)

Interest Rates and Payday Loans

This just came to my attention and I find it somewhat amazing.  It is slightly off topic, but it does (indirectly) relate to matters of credit and it most definitely has to do with leverage. A typical payday loan scenario is where someone borrows $100 for 15 days with the promise to repay $120.    Simple interest of 20% seems innocuous enough.  However, the real math behind this transaction is unbelievable. The APR (annual percentage rate) on this loan is 486.67%. The EAR (effective annual rate) on this loan is 8,347.80%. There is no transaction equality here.  Read more. Loan sha... (more)

Interest Rates and Payday Loans

This just came to my attention and I find it somewhat amazing.  It is slightly off topic, but it does (indirectly) relate to matters of credit and it most definitely has to do with leverage. A typical payday loan scenario is where someone borrows $100 for 15 days with the promise to repay $120.    Simple interest of 20% seems innocuous enough.  However, the real math behind this transaction is unbelievable. The APR (annual percentage rate) on this loan is 486.67%. The EAR (effective annual rate) on this loan is 8,347.80%. There is no transaction equality here.  Read more. Loan sha... (more)

Experian snubs FTC. Who will win this fight?…

The FACT Act requires that the FTC improve the accuracy of consumer records and make improvements in the use of, and consumer access to credit information.  It says as much in the first paragraph. The FTC has devised a methodology that requires experts and consumers to work together to audit CRAs for accuracy and completeness.  It has also devised a program around this methodology and a plan to roll it out nationwide. This is in stark conflict with the Valentine’s Day gift that we will all receive from Experian on 2/14/2009.  Experian says that it is no longer going to make credi... (more)