<![CDATA[Gawker: valleywag, money]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, money]]> http://gawker.com/tag/valleywag/money http://gawker.com/tag/valleywag/money <![CDATA[Desperate Fiends Paying For The Chance To Have Google "Big Brother" Their Lives]]> Google—Sauron of the internet, world, and soon: Middle Earth's tech scene—will soon have your life on file, especially with the advent of Google Wave, which is still in the invite-stage. People are now paying for invites.

If you're a Google-horny fanperson with enthusiastic regard towards the way your existence will be cataloged on the internet, this one's for you. Google Wave is, in the words of Gizmodo:

What could best be described as a genetically modified inter-species lovespawn between Gmail, Google Docs, Twitter and AIM.

But really, is so ridiculously confusing, there's now a website devoted to voting on how confusing it actually is. Naturally, people are gonna put their lives on this thing, which Google will hold in their severs to one day hand over to the government when they ask for it. This is mildly unsettling.

Even moreso: people are now paying for the privilege to do it. Google Wave Invites, the community devoted to people sharing their invites, is now raffling off four invites. You can buy a ticket at a $1 a piece to enter in the drawing. Interestingly, the site's been down since they sent out the announcement, which you can view below. Yes, I wanted one (and still do!) to see what all this talk is about, and also, because I'm pretty sure our privacy's long doomed, anyway. Someone, somewhere, might be getting kneecapped by a man dressed in primary colors.

The funny upshot, however: some guy's making money from Wave invites, or at least trying. Wonder what Google has to say.

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<![CDATA[Blood Worth More than Oil to Vampires and Humans]]> Our friends at Transracial sent us something in the mailbag today: An article called "Blood Money" from the new issue of Fortune. It reports that, today, blood is a pricier commodity than oil.

It's not huge news to the vampires, but for humans, in this economy, anything not heading directly toward bankruptcy is of interest. According to the article, blood plasma is worth over 20 dollars a pint, while oil is at 18 cents a pint. Private blood collection agencies are paying good money for donations. Again: Donate, please.

Thanks, Transracial, for the tip. Keep them coming. Email your blood-, vampire-, shape-shifter-, fang-, etc. related news to tips@bloodcopy.com.

Scan of Fortune article here:

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<![CDATA["It was that or the trifecta, and I was feeling adventurous"]]> A Bear Stearns trader with a sense of humor taped a hard-earned two-buck greenback to the front door of Bear's corporate headquarters in New York. $2 is the per-share value that JPMorgan Chase agreed to purchase Bear Stearns for, a far cry from the $60 a share that the bank was trading at last week. Our best caption is above, but you can do better. Leave one in the comments below. (Photo by Reuters/Kristina Cooke)

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<![CDATA[Is Mint Ready for Your Money?]]> After just four weeks of their public beta, financial management web site Mint is already boasting over 50,000 members and managing over $2 billion of their money, and early next week Mint is launching several new features intended to improve its already impressive all-in-one money management tool. There's no question that this snazzy web application deserves of much of its hype, but is it ready for your money?

A Word on Security

As soon as any web-based financial software like Mint is mentioned, the security watchdogs among us pounce on the comments to let the rest of us know that we should never, ever trust anyone with our financial data, especially our aggregated financial data.

safety.pngI'm not quite as cynical or concerned about my security with Mint, especially after having read Mint's Privacy and Security statement (give it a look before you naysay). That said, ultimately some of you will be comfortable with this, and some of you won't. If you are comfortable making the leap to web-based, aggregated money management, the question remains: Is Mint good enough to justify that leap?

The fact is that even if Mint is secure enough to satisfy you, nobody wants to move their financial nerve center to a web application that's not completely up to snuff. So let's take a look at the good and the bad of Mint to get a better idea of whether or not it's time to hand Mint the keys to your cash.

The Presentation, Integration, and Features

Automatic, no-hassle importing of your financial transactions from over 3,500 banking and credit card institutions is what Mint does best. First, let's check out how Mint integrates all of that financial data and presents it to you in an attractive, user-friendly interface, including its soon-to-be-released budgeting and account customization features.

The Savings

Mint takes a look at your bills, spending, and credit cards, then suggests ways you can save money through different offers. In fact, Mint makes its money through these referrals. Some of them are sponsored deals through Mint partners and some are not, but Mint will always suggest the best offer first.

Likewise, Mint can save you money with the alerts described above. Receiving an SMS or email alerting you of a low balance or unusually high spending can provide you with a reality check before you go overboard and over budget.

The Drawbacks

Of course, Mint's not all daisies—at least not yet. You can't import data to Mint in any way other than through your financial institution, meaning that if you've got years' worth of financial data in Quicken, don't count on importing it to Mint. That said, Mint can load over a year of your most recent financial data (depending on how long your institution provides it) when you sign up.

On a similar note, Mint doesn't export data—meaning if you decided to ditch Mint for another money management solution, you're not going to get a CSV file or any other export of your data.

too-much-with.pngThe most notable and practical drawback to Mint came in the form of strangely named, incomplete transaction descriptions (the imported name was strange—the actual transaction name at the originating financial institution was more descriptive). As a result, I ran into problems setting up renaming rules for transactions in Mint. For example, a transaction that read in my checking account (at the actual US Bank web site) as "Web Authorized Payment AT&T" showed up in Mint as "Web Payment" or something along those lines. I set Mint to automatically rename this transaction to AT&T, but then every Web Authorized Payment in my account was renamed AT&T, although some were gas or water and power bills. Similarly, "Purchase with PIN" shows up in the ledger as "With," which is not terribly helpful. Next to the all-in-one account integration, automation is Mint's biggest draw—which means these sort of minor issues need worked out before you can set up renaming rules with complete confidence (especially since you can't currently undo renaming rules). On the flip side, Mint claims to accurately identify and rename 90% of imported transactions without any need for user import, compared to Quicken's 40% (their numbers).

The Future of Mint

According to the people at Mint, their next major moves will be integrating other financial realms, meaning that someday you may also be able to track and manage your student loans and investments from within Mint. Imagine an all-encompassing financial dashboard that provides you with a snapshot of your entire financial situation at a glance. And since Mint completely automates your data imports, it requires very little work on your part.

The Conclusion

As you can see, Mint has done its homework when it comes to how it organizes your information, and Mint's marquee feature—the ability to see and understand all of your finances at a glance—is astoundingly good. I've used Quicken in the past but am embarrassed to say I've never really gotten the hang of it. If Quicken had an ounce of the easy-to-grasp interface of Mint, I suspect that most of us would be happy to shell out the premium for the software.

With Mint as a free contender, you almost have to wonder what normal person (i.e., anyone with a relatively normal and uncomplicated financial situation) won't be using Mint or an application like it (maybe even built by your bank) within the next five to ten years to manage their finances. We're already managing most of our finances online in some form anyway, and the technology will continue to improve while consumers will continue to grow more comfortable with the idea. To that end, let us know what you think about Mint—whether that's explaining what you like, don't like, what you'd like to see, or why you'll never use it—in the comments.

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<![CDATA[Bad week for backlash]]> Second Life has been taking it on the puss this past week or so, with more dogpiling on the economic questions, not to mention the whole nuking Reebok thing. And we enjoyed our own foray into supposedly popular SL locales and a first try at sex shopping. Speaking of first-timers, the account by Drew of "Toothpaste for Dinner" fame is one of the funniest things you'll read this month, so get to it. Thanks to those who sent in suggestions for SL places to visit, which we'll get to directly. Of particular interest are real-world entities, groups, or people that have SL presences. Drop us a line if you have tips for same.

UPDATE: Brilliantly amusing Warren Ellis post on Reuters about fighting off sexual infestations on his Second Life land.]]>
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<![CDATA[How much sex in Second Life?]]> sex%20money%20second%20life.jpgWagner James Au asks just how much of Second Life commercial activity is sexual. Let's set aside — for now — the awkward ludicrousness of SL sexuality to entertain Au's notion that the vast majority of SL content is actually nonsexual, even in sexual venues. However, Au is so liberal in defining nonsexual content that his classification of the sexual becomes incredibly narrow.

For example, Au contends that in a Second Life strip club, only the dancers' bodies, costumes, and undulations may be construed as sexual. All the window dressing — the furniture, setting, building, even the improperly sized currency — could be used in Second Life for something else, and thus are not sexual in nature. This seems a little willfully naive, or else designed to make Second Life seem like less of a carnal bazaar by defining sex content down to a tiny category. It's not like anyone would wander around Stacey Sugar's Barbie Club if it was just a big room with some chairs and dollar bill graphics lying around. Au doesn't even want to give the genitals over to sexuality, as doing so assumes "that wearing genitals is only for sexual expression." What else would they be for? Reproduction?

There are numerous sexplay areas in Second Life, and even more escort services which have no function besides the prostiutional. Since SL areas can be sorted and classified by "mature" ratings, it would seem a simple matter for Linden Labs to simply track the total traffic (and perhaps Linden dollar exchanges) in such areas. Of course, perfectly innocent transactions might take place in such areas, but chances are the data would indicate generally how big of a commercial draw sex really is for Second Lifers. I doubt Linden would release such information though. I'm guessing the percentage would be substantial, and perhaps not the kind of press Linden particularly wants.

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