Category: Business

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Finance: Consumers taking on negative equity to buy new cars

Far too many people think that Wealth=Assets+Debt, as they take on loans to buy nice homes, cars, RVs and other toys. They look wealthy to the outside world, but in fact, are very poor because Wealth=Assets-Debt. Today, car dealers are encouraging consumers to roll over negative equity in car loans to buy newer, bigger, shinier and more expensive cars. The lead anecdote in the linked news item illustrates as a buyer now owes $45,000 on his $27,000 car purchase. This is bad, really bad, but 1/3d of used car trade ins are now going this route.

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Business: A Nationwide Scam on Airbnb

A writer for VICE got scammed by AirBnb rentals. And then went on to uncover a nationwide scam. AirBnb refuses to discuss this publicly. The FBI is now involved. Am thinking we won’t be using AirBnb again after reading this – its that bad.

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Case study: How not to run a Great Clips hair cut joint

A case study of how a “no show” at a Great Clips hair cutting place led to a cascade of errors resulting in a ditzy stylist giving me a completely wrong hair cut that looks like a Nazi.

My background is in information systems (M.S. in software engineering) and an M.B.A. Systems analysis, organizational and information systems architecture is part of what I do, and this makes for a good case study of a business gone disastrously wrong. And what they should have done to avoid this failure.

This involved a cascade of failure points including organization and information systems misuse.

Not surprisingly, I am not likely to return to a Great Clips again.

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True: “Expedia is charging more for flights because you look for them!”

Popular travel web sites, and at least some airlines, gradually jack up the prices shown if you search for many flight options in a single login session. This sounds crazy but I just saw it happen on Expedia and many others report seeing this on other travel web sites. The theory is that if you are searching for multiple flights, then you really must want to travel – and would be willing to pay more. So they gradually increase the prices for flight options.

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