1.History and business model: Amazon was founded in 1994, spurred by what Bezos refers to as his regret minimization framework, his effort to fend off late in life regret for not staking a claim in the Internet gold rush.1 It is common lore that Bezos wrote its business plan while he and his wife drove a 1988 Chevrolet Blazer from Fort ...
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Anybody with a credit card from a major bank needs to read and understand this article. You may or may not have seen Ann Minch, the Internet YouTube debt revolt phenomenon on Fox News or on Suze Orman's popular CNBC financial TV show, but what has happened to the credit card industry over the last few months is astonishing. The company that tracks credit card chargeoffs ("charging off" is the act of making an accounting entry indicating that a debt is not expected to be repaid), Fitch reports that starting ...
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