Zopa Simplifies The Markets
Zopa has today announced that instead of having five markets; A*, A, B, C and Youth, this will soon be simplified to just three, with C and Y being discarded.
Effectively this will bring it in line with what I do, as I don’t invest in the Youth market and although I’ve recently added the C market to my offer, I haven’t lent anything there yet. All market rates of late have been very stable, so my control engineering theory says hat everything should be in balance.
I think they are right to do this.
- They would now be appearing to be making a much better offer to younger borrowers with a good credit rating.
- The simplified structure makes it easier to decide your lending strategy.
- It also makes it less important to get it right on the optimum.
We shall see if they are right and business and returns improve.
CrossRail’s Living Walls
CrossRail has been using ivy to hide their digging sites in Central London.
This protographs were taken at Finsbury Circus.
There’s more here on the CrossRail web site.
Is Two Australian Dollars A Day Too Much?
Gina “Who Ate All The Pies?” Reinhart thinks so according to this report in the LA Times.
Obviously, you have to compete, but there are other ways to do it.
CrossRail faced with Europe’s largest project and one of the biggest tunnelling projects ever, decided that it was better to use bigger machines and upskill the workforce. They even created TUCA, which I have called, London’s University of Hole Digging.
The unloved Reinhart, doesn’t seem to believe in the principle that what goes around comes around. There are endless examples, where investment has repaid itself many times, by just being sensible with it. Some of the transport links for the Olympics have allowed youngsters to travel to get their first good job.
I take it, she would feel that we should recreate the East End sweatshops, so that we can employ them at the equivalent of two Australian dollars a day.
The Anonymous Widower 