Bankers balk as Postal Service floats plan for payday loans, digital currency – Fox News

The perpetually-struggling U.S. Postal Service has bankers in a tizzy after floating a plan to branch into what it called "non-bank financial services" that somehow sound a lot like what lenders do.

In a white paper distributed late last month, the Postal Service's inspector general discussed getting into an array of financial services as a means of keeping the money-losing mail operation afloat. Payday loans, check cashing and digital currency exchanges were among the possibilities outlined in the Jan. 27 report.

“The Office of Inspector General is not suggesting that the Postal Service become a bank or openly compete with banks,” the paper’s executive summary reads. “To the contrary, we are suggesting that the Postal Service could greatly complement banks’ offerings.”

The 27-page document also notes that as the country moves toward a cashless economy, the Postal Service could also provide simple ways for underserved consumers to ...


Sony to sell off Vaio laptop division in effort to stem huge losses – The Guardian

Struggling electronics group Sony admitted it will make another huge loss this year and revealed tough new measures to help put it back into the black, spinning off its loss-making Bravia television business and selling its Vaio laptop computer division.

The company – which will have recorded losses for six out of the last seven years – was forced to scrap forecasts for a £180m profit it made only last October and said instead it would hurtle more than £600m into the red as it absorbs the costs of making 5,000 more staff redundant.

In April 2012, chief executive Kazuo Hirai slashed 10,000 jobs, but a failed attempt to return its TV business to profitability has now prompted more drastic measures.

Sony's long-term credit rating was cut to junk last month by Moody's, over concerns at the losses in computers and television sets. It was already rated ...


The gadget that can hack any CAR: Terrifying £12 tool can remotely control … – Daily Mail (blog)

Not content with stealing your personal information, hackers could soon take control of your car - using a homemade gadget that is smaller than an mobile phone.   Called the CAN Hacking Tool (CHT), the device can be fitted to any car's Controller Area Network 'within minutes' and run malicious code through the vehicle's system. Once hackers take hold of this network they can control lights, locks, steering and even brakes - and the it costs just $20 (£12). Scroll down for video
The CAN Hacking Tool (CHT) can be fitted to any car's controller area network 'within minutes' and run malicious code through the car's system. Once hackers take hold of this network they can control lights, locks, steering and even brakes - and the parts costs just $20 (£12)

The CAN Hacking Tool (CHT) can be fitted to ...


Kevin Sumlin responds to Charlie Strong’s ‘gadget program’ comments – Yahoo Canada Sports (blog)

Kevin Sumlin reeled in the sixth-best recruiting class in the country (USA Today Sports)

A budding rivalry between Texas coach Charlie Strong and Texas A&M coach Kevin Sumlin is picking up some steam. At Strong’s national signing day press conference on Wednesday, he said that Texas will not be a “gadget program” when asked about recruiting against Sumlin, who is sometimes referred to as “Coach Cool,” and uses different methods in recruiting, including the use of a helicopter, dubbed the “Swagcopter.” Wednesday night on Yahoo! Sports Radio, Sumlin was asked about Strong’s “gadget program” comments, and offered a light-hearted and mostly polite response. (His comments start around the 5:00 ...

Susan Tompor: Did your cell phone ring just once? Do not call back – Detroit Free Press

If you see a missed cell phone call from an unknown number and call them back, hold on to your wallet before you get taken by yet another scam.

Cell phone users can quickly lose $20 or more if they are hit up by scammers who are playing one-ring games with our cell phones.

The fraudsters get computers to send thousands of calls to random cell phone numbers, ring once and disconnect.

If you’re curious about the missed call, you might return the call right away. But then, you’re going to be charged $19.95 for an international call, according to the Better Business Bureau Serving Eastern Michigan.

After that, there’s a $9-per-minute charge. Music plays to make it appear you’re on hold and drag out that call.

The phone may be old school when it comes to scamming, but it’s still a popular way for con artists to grab cash.

The Internet can ...