Amazon is launching a new service called Kindle Unlimited in the UK, following its US debut in July. So what’s the hype? By joining the subscription which costs £7.99/month, you will gain access to a catalogue of more than 650,000 ebooks, as well as more than 2,000 audiobooks from Amazon’s Audible subsidiary. This is just like the ebook version od Spotify for music.
It is anticipated that there will be a 30-day free trial for people to discover new books that they might not have noticed otherwise.
“Our US customers have shown us how much they love the opportunity to discover new authors and genres, and now we’re delighted to offer the same freedom to our customers in the UK,” said Jorrit Van der Meulen, Amazon’s vice president, Kindle EU.
Kindle Unlimited maybe the most high-profile attempt by far to create an ebook subscription service, although startups including Oyster, Scribd and Entitle have also been exploring the idea.
As Amazon had the largest market share for ebook readers, this attempt of a paid subscription may provide a whole new revenue for Amazon and ebook publishers. Amazon says that authors will be paid each time someone reads more than 10% of one of their books through the new service. How much they get paid depends on individual deals struck between publishers and Amazon, however.
This whole new service maybe the holygrail for ebook pulishers to grow their sales exponentially. You may want to take a read about how people are making money with kindle publishing at kindle cash blueprint.
Alibaba is China’s biggest eCommerce company. TaoBao is the auction like site where billions of chinese customers are using every day. Taobao.com is currently ranked no.11 globally on Alexa surpassing Amazon and eBay. You can probably imagine how much sales they are making with this huge traffic. Taobao reported making sales volume around 100 million US dollar in 40 minutes on one of their special sale day in 2013.
Alibaba also has its own online payment platform, business-to-business platform, and even an online savings account service. Basically literally every chinese customer would be using one of the service provided by Alibaba. In the past decade, the growth of chinese economy and increase in internet coverage in China lead to the exponential rise of growth in the revenue of Alibaba, making it named the world’s greatest bazaar by The Economist.
As I have used Taobao for some of my shopping, I am very amazed by the great variety of stuff you can buy on the internet. The price is unbeatable, but you may need to expect the quality to meet the price you are paying. All in all I am satisfied with the online shopping experience on Taobao.
I started to worry about the individual sellers on eBay and Amazon. It may be difficult to compete with the cheap products from china, as I heard most of the sellers on these two platforms rely on wholesale supplier directory to buy their products at a cheap price and resell it on eBay and Amazon. Let’s wait and see how Alibaba’s forthcoming IPO would change the industry of eCommerce!
You can learn more about how individual sellers on eBay and Amazon find trustworthy wholesalers and dropshippers here.
Whether it is the standard of teaching or a lack of care by students, the latest business news studies show that the quality of CVs has dropped in recent years. With so many of us out of employment, businesses are really taking their time regarding who they hire because getting the right applicant for the job is crucial.
Competition is fierce and every sale counts, meaning that CVs need to be extremely strong in order to generate the right attention from businesses. They simply cannot take the risk with hiring a potentially negligent or poorly educated staff member. Most of us are of course neither of those two things, but our CVs are making us appear that way.
Your CV is your way into any job – it should be speaking for you, getting you in the door of employment and making the employer take an interest in you. However, according to a BBC survey, more than 60% of CVs have spelling and grammar errors, and the majority of CVs are template editions which are sent out to every available job – it is estimated that two thirds of CVs sent out are the same as the jobseeker sends out to every job, dampening their chances of getting the job greatly.
Although courses are available through the Job Centre and colleges to improve your CV, the constantly changing standards and the fact that there is no real quality CV template available means many people are left overwhelmed and confused about what they need to include and what they can leave out.
Some of the most common CV mistakes are
Having a CV that’s far too long – you want to be quick and precise, leaving out a lot of the extras that aren’t to do with your career history.
Obviously paid for – there are companies who will write your CV for you, providing you pay them enough money, and this is of course a very bad thing. If you use terminology in your CV that you don’t in an interview, you are toast.
Silly e-mail addresses – nobody is going to hire somebody whose e-mail address is firstname.lastname@example.org are they? Employers want to see common sense here, so ensure you provide them with a legitimate and professional looking e-mail address like email@example.com.
Your CV is the single most powerful tool you have to land you job interviews so make sure you aren’t part of the two-thirds who just aren’t getting it right.
Janet Yellen, the Federal Reserve’s second-most-powerful person is calling for aggressive action to boost the U.S. economy — giving the hint that she might favor extending the Fed’s “Operation Twist” and launching a third round of so-called “quantitative easing.”
“I believe that a highly accommodative (Fed) policy will be needed for quite some time to help the economy mend,” Janet Yellen, vice chair of the Federal Reserve board of governors, said this evening in remarks to the Boston Economic Club. “I anticipate that significant headwinds will continue to restrain the pace of the recovery.” said Yellen. She also mentioned the U.S. housing market remains quite weak, while the unemplyoment rate is still going up.
She added that the European debt crisis will continue to threaten America’s economic recovery, while a debt-ceiling showdown expected later this year between Democrats and Republicans in Washington could make things even complicated.
“If the Congress does not reach agreement on several important tax and budget policy issues before the end of this year, (a Congressional Budget Office study) recently warned that the potential hit to gross domestic product growth could be sufficient to push the economy into recession in 2013,” Yellen said. “The deterioration of financial conditions in Europe of late, coupled with notable declines in global equity markets, also serve as a reminder that highly destabilizing outcomes cannot be ruled out.”
The Fed vice chair said that’s why she believes “an extended period of highly accommodative (Fed) policy is necessary to combat the persistent headwinds to recovery.”
Without spelling out specifics, Yellen hinted that she favors extending Operation Twist beyond its currently scheduled June 30 expiration, as well as launching a third round of quantitative easing — known as “QE3.”
“If the (Fed) judges that the recovery is proceeding at an insufficient pace, we could undertake portfolio actions, such as additional asset purchases (QE3) or a further maturity-extension program (Operation Twist),” she said.
Under quantitative easing, the Fed buys up U.S. Treasury bonds to inject cash into the U.S. economy and drive interest rates down.
Investors are speculating that the Fed will shortly announce the another Operation Twist or Quantitative Easing. This may been seen by the surge of Gold and Silver price over the past two days.
U.S. stocks continued to drop, leading to the S & P 500 index’s biggest four-week loss since March 2009, due to fears of a global economic recession overshadowed the cheapest valuation in 2 1 / 2 years.
Hewlett-Packard (HPQ) fell 27 percent this week, the most since the October 1987 stock market crash, after a strategic shift of confidence, undermine its managers. Technology, industrial and materials companies in the Standard & Poor’s 500 index fell at least 6.9%, of which 10 groups the most. Caterpillar Inc. (CAT) and Alcoa (AA) fell more than 8.4%, some of the world’s largest banks – Morgan Stanley, JP Morgan Chase and Citigroup – lower economic growth forecasts.
Standard & Poor’s 500 index fell 4.7 percent, to 1,123.53. It has sunk 16 percent since July 22 for about three trillion U.S. dollars was erased from U.S. stock value, according to data compiled by Bloomberg. The Dow Jones industrial average fell 451.37 points, or 4 percent, to 10,817.65, down this week to expand its surroundings 1,863.51 points.
“We have a little bit of tug of war,” David Joy, a Boston-based chief market strategist at Ameriprise Financial, said in a telephone interview. His company is responsible for $ 693 billion. “On the one hand, there are real concerns about what happened in Europe, the pressure on the banking system and the global economic weakness on the other hand, an opponent’s strength seems to be interested in buying a stock valuations attractive.”
Since 2009, the cheapest
Standard & Poor’s 500 index fell 18 percent, from nearly 3-year high on concerns in Europe on April 29 the government debt crisis and global economic slowdown. August 8, promoted by the decline in the index valuation of 12.2 times reported earnings, in 2009, the lowest level since March. Its price-earnings ratio is now 12.3, compared with an average of 16.4 since 1954, according to data compiled by Bloomberg.
This week’s losses include Standard & Poor’s 500 Index return of 4.5% yesterday amid speculation that Europe’s banks lack sufficient capital. Lars Frisell, chief economist at the Swedish financial regulator said it would not spend too much inter-bank lending frozen. Market also declined, the U.S. jobless claims rise, the Philadelphia-area manufacturing decline the most since 2009, want more stimulation from the Fed receded.
Morgan Stanley Cyclical Index of companies most dependent on economic growth plummeted 10 percent this week to expand its losses, because the July 22 to 26% and dropped to the lowest level since August 26, 2010. Morgan Stanley economists forecast global economic growth this year, cut, and that the United States and Europe are “dangerously close to recession.”?
(From Reuters) – Syrian forces shot dead 20 protesters on Friday despite a pledge by President Bashar al-Assad that a crackdown was over, activists said as thousands marched across Syria, spurred on by U.S. and European calls for him to step down.
Most of the violence was in the southern province of Deraa where the uprising against Assad erupted in March, triggering a harsh response in which U.N. investigators say Syrian forces may have committed crimes against humanity.
“Bye-bye Bashar; See you in The Hague,” chanted protesters in the central city of Homs, waving their shoes in a gesture of contempt. “We want revenge against Maher and Bashar,” shouted others, referring to the Syria leader and his powerful brother.
“The people want the execution of the president,” shouted a crowd in northern Idlib province, reflecting deepening antipathy to the 45-year-old Assad. Some carried banners with slogans proclaiming “Signs of Victory.”
Local activist Abdallah Aba Zaid said 18 people were killed in Deraa province, including eight in the town of Ghabaghab, five in Hirak, four in Inkhil and one in Nawa. Dozens of people were wounded, he said.
The Syrian Observatory for Human Rights said two people were also killed in the Bab Amro district of Homs.
Assad, from the minority Alawite sect in the mostly Sunni Muslim nation, told U.N. Secretary-General Ban Ki-moon this week that military and police operations had stopped. But activists say his forces are still shooting at protesters.
“Maybe Bashar al-Assad does not regard police as security forces,” said a witness in Hama, where security forces fired machineguns late on Thursday to prevent a night-time protest.
Iran’s Inflation Rate Hits 15.4%
Source: Mehr News Agency
Inflation in Iran in its last calendar month of Khordad (May 22-June 21) reached 15.4 percent, ISNA news agency reported on Wednesday, quoting Subsidies Reform Organization Chief Behrouz Moradi as saying.
“According to statistics from the Central Bank of Iran, the inflation rate in the first three months of the current Iranian calendar was 13.2%, 14.2 % and 15.4%, respectively”, Moradi added.
He emphasized that the growth of inflation is naturally occurred every year and the recent increase in the inflation is not just the outcome of implementing the Subsidy Reform Plan.
Some economists say prices could soar as a result of the government removing subsidies on essentials such as food and fuel, although the government has achieved somehow to combat the high inflationary pressures of removing the subsidies.
The first phase of the Subsidy Reform Plan began in December 2010 and eliminated $20 billion of subsidies on food, gasoline, electricity and natural gas.