Online reality buys your debts to own your life

Are you charismatic, jobless, drowning in debt, with only a carrot left for your next lunch? Then you could be next in line to be saved by the debt monkey.

‘We pay off all your debts but then we own you!’, says the official slogan of Debtmonkey.tv, a new internet tv reality starting today.

Ben Foster, a self-styled anti-reality YouTube box-blogger, was the lucky winner of a competition which attracted thousands of applications. But, as this video shows, he’s still not sure whether to endure the experience, though he admits he’s ecastic he was freed of all his debts:

Debtmonkey.tv can also be followed on Facebook, Twitter and YouTube.

Meanwhile Italian news agency ADNKronos today reports that more Italians have resorted to online micro-lending since the start of the financial crisis with web-sites as www.zopa.it proving to be a massive hit.

When investment in innovation pays off

You might ask: But how has Fiat managed to buy 35% of Chrysler in the midst of a crisis hardly hitting car makers all around the world?

The answer is the successful launch of two models onto the market – the Fiat 500 and the Fiat Punto – and a successful investment in making its operations more efficient, says Forbes.com.

How much has Fiat paid for its stake in Chrysler? Fiat has paid technology.

In fact, Fiat did not even pay  single cent into the company but has instead agreed to transfer its technology in the production of small and mid-sized cars.

Simply put, this is an example of the benefits of years of investment in innovation.

If Fiat can do it, everyone can.

The Italian Job – Fiat in talks with Chrysler

Italian carmaker Fiat is in talks to buy a stake in Chrysler, Il Sole 24 Ore reports.

Brits are negative; Italians still upbeat

 

As sad as Onslow

When it comes to the economy, everyone’s become a bit like Onslow – negative.

Brits simply can’t trust Banks, the stockmarket and the government’s handling of the economy, The Guardian reports today as it refers to a global poll which tries to guage the different levels of trust towards these institutions in different countries. 

While Brits emerge as mostly pessimistic on most measures interviewed upon, the Italians are more optimistic.

Hoewever, Indians are the most optimistic of the lot, the survey shows.