Headline April 05, 2018/ ''' DATA GATHERERS DRAG '''

''' DATA GATHERERS DRAG '''

''MAHYNA- MARIA- HAREM- HAANYIA- MERIUM,'' Pay Attention, Please. : now You little Angels. tell me.....

Who told you that Facebook and Twitter are for free?''.............
''Your Grandmothers?  Your mothers? Your aunts? Your Teachers? Your Fiends and Buddies?........Now try recalling?......... 

''NOW YOU FOUNDER, GIRLS, ...... You Great Heroes,  how come,  you always repeatedly told me, over and over again, that Facebook and Twitter are for free...........

NOW REMEMBER, The only honor, service and organization that is totally free, up to now, is The World Society Society - for every subject in the world, and most lovingly and respectfully called, !WOW!, the entire universe over.

ON MARCH 29, 2019, LONDON will cease to be the de facto capital of Europe. This is the date on which Britain formally leaves the EU.

Financially, London'd position as the command-and-control centre of the European economy will be under threat.

Culturally, the city will gradually lose its status as very beautiful and glamorous trendsetter.

And be that it may.............

THERE WAS A TIME in the UK when most people were under the impression that financial advice was free. They went to see an adviser..........

He gave them advice. They handed over their money to him to be looked after. They never got a bill.

Only when the government changed the laws in 2012 did they realise they were paying. A lot.........

They just hadn't noticed for the simple reason that they did not physically pay it to the adviser. He just took a percentage of their pot of assets - that he had full control over and full access to.

This might sound familiar, If it does it is because it is exactly what is happening in the social media sector.

Until very recently most people did not understand that their Facebook and Twitter accounts - and many other apps they used - were not really ''free''.

Now they are beginning to realize that they have been paying. A LOT.

Once again they hadn't noticed for the simple reason that they did not physically pay cash to their providers.

Instead, the providers help themselves to payments from a pot of assets they have full control and full access to.

The only difference between Facebook and Google and financial services is that the assets in question are not stocks and bonds but personal data. 

Nothing else is paid for in this fashion. If you buy any other services, say from lawyers or estate agents, you pay directly as a one-off transfer from you to them.

If you buy physical goods it is the same.

Only bankers, fund managers, financial advisers and, crucially, data gathering businesses have the ability to help themselves to your stuff.

If you start valuing your data as highly as your pension assets, you will get the point pretty quickly. Companies that hold customer assets as part of providing a service  must be held to *higher standards*.

WHAT should that mean in practice?

A high level of compulsory transparency. The EUs new General Data Protection Act makes a start. But it is only a start,

Consider the new banking app, Yolt, being launched by ING, one of Europe's biggest banks.

It allows you to amalgamate all your bank accounts in one place. But when you add your accounts in to the app, you also give it access to the past 12 months of transactions and all future ones -

Your account balance, your direct debts and standing orders, your overdraft limit and so on.

The blurb tells you how exciting it will be for you, to ''view everything in one place, see your spending habits, get smart insights and act on them.''

!If that is exciting for you, just imagine how thrilling it is for them!

Search engines, such as Google use search patterns and locations to make assumptions about what users are up to............

A well made banking app doesn't have to make assumption. It knows. IT KNOWS where you work and what you earn; how much your mortgage is and how much you spend on utilities-

Whether you are in Love or not; how much debt you have; how much you spend on your hobbies................

The Honor and Serving of the latest Operational Research on Life, Laws and Living continues. And The World Students Society thanks author and researcher, Merryn Somerset Webb.

With respectful dedication to the Grandparents, Parents, Leaders, Students, Professors and Teachers of the world. See Ya all on !WOW! - the World Students Society and Twitter -!E-WOW! -the Ecosystem 2011:

''' Opportunities & Affordability '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless