Canadian Tire Company coupons, thought of by some as an alternative Canadian currency, may be on the way out. [more inside]
The FT's Davos blog offers a range of informed comment as our leaders gather in Switzerland to consider the economic mess we're in. But will the ongoing spat between the US and China over the renminbi exchange rate overshadow all else at the World Economic Forum?
The Bitchun Society is now open for all of your Whuffie-market needs. Or cynical mocking, take your pick. Via (of course) BoingBoing. Can a brother get a ping? Confused?
China ends (sort of) Yuan dollar peg. The People's Bank of China announced that it has formally ended its peg of the Yuan against the US dollar. Instead, it will be fixed within a narrow band against a basket of currencies (PBC statement here). Interestingly, the PBC declined to provide details of this new scheme, including which currencies are in the new basket. A slow move away from being tied to the pathological US economy? What are the implications for the US's ability to maintain enormous trade and budget deficits? Already, this has relaxed the pressure on other Asian economies to keep their currencies low (by buying US dollars and securities). Congressmen may have been raging against "unfair Chinese trading practices", but we may yet get nostalgic for the days when the world financed the US's prolifigate ways.
Whither the Dollar? Too Strong for Its Own Good? and what's the alternative? I wonder how long we'll have different currencies for different countries... 20 years? 100? forever?
I really don't see the point in beenz, the so-called Web currency. It seems like a banal attempt to make sites sticky through the same old crap.