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July 2005

Is your cell phone about to swallow your wallet?

The Economist reports that NTT DoCoMo, Japan’s top mobile operator, is embedding credit cards into the wireless chips of cell phones:

It believes the next big thing is using phones to pay for things, by embedding a credit card into a wireless chip built into each handset.

But Kenya was first, say the BBC:

Local company moves production underseas

In an effort to revitalize the company after years of stagnant profits, BakeCo Inc., makers of Good Twist Pretzels and Fluffy Brand Cream Cakes, announced plans Monday to move their Newark-based production facility underseas.

This from the satirical magazine, The Onion. Of course, the new business environment is not without its hazards: