MONEY: Walmart and Amazon are going to “mint” Stablecoins

Thursday, June 19, 2025

https://www.wsj.com/finance/banking/walmart-amazon-stablecoin-07de2fdd?st=Uj2rA8&reflink=desktopwebshare_permalink&utm_source=tldrnewsletter

Walmart and Amazon Are Exploring Issuing Their Own Stablecoins

  • Corporate coins could take payments activity away from banks and the traditional financial system

By Gina Heeb, AnnaMaria Andriotis, Josh Dawsey
Updated June 13, 2025 4:51 pm ET

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FROM TLDR 2025-06-16

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Walmart and Amazon Are Exploring Issuing Their Own Stablecoins

Several multinational giants, including Walmart and Amazon, are discussing potential efforts to issue stablecoins. Whether these initiatives will go ahead depends on a bill still yet to clear the Senate and House called the Genius Act, which establishes a regulatory framework for stablecoins. Stablecoins could allow merchants to bypass traditional payment rails, which cost them billions of dollars in fees each year. A regulatory framework for stablecoins would enable an alternative payment type for merchants that could significantly lower their expenses and create competition against Visa and Mastercard. 

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To me this is BIG (<synonym for the act of procreation in real time>) deal.

I never understood why Walmart was allowed to establish its own bank.  The politicians and bureaucrats are always whining about the “poor unbanked”.  But Walmart could solve that problem quickly, cheaply, and easily.  So could Amazon.

Stablecoins by either of them could serve the same purpose as a bank without the regulatory hassle.

Let’s wait and see.  Competition in the “traditional financial system” for JP Morgan Chase, Bank of America, Visa, and Mastercard could certainly be good for the consumers.

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Posted by reinkefj

INTERESTING: Sea Gulls are smart thieves

Monday, June 16, 2025

https://www.wsj.com/articles/scientists-cant-get-enough-of-watching-gulls-steal-your-food-58866ce7?st=QyXVUd&mod=1440&user_id=66c4b9c55d78644b3a882a4d

Scientists Can’t Get Enough of Watching Seagulls Steal Your Food

  • Birds’ ability to seamlessly swap marine food for a Big Mac—and outwit humans to get it—is a source of fascination

By Natasha Dangoor
June 5, 2025 11:00 pm ET

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St. Ives in Cornwall, which Rock dubs the “world capital of food snatching,” took a more human-targeted approach. The Business Improvement District launched a campaign to pack takeouts in paper printed with humorous and informative messages about gulls. This “Daily Gull” newspaper-style wrapping featured “Tips from the experts to help you protect your pasty” and quizzes on gull species.

One tip: Stare at the gulls. 

Researchers at the University of Exeter did an experiment which showed that gulls took 21 seconds longer to approach a bag of fries when a human was watching them, compared with when the human looked away.

“It’s like shoplifting,” said Boogert. “You wouldn’t look at a shopkeeper whilst stealing from them!” 

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Capturing dictation

As a long time, SHORE resident, I am very familiar with just how intelligent seagulls are. The kids love to feed them french fries and bread. One time as a joke one of them threw a mushroom with the bread. Despite several gulls, eating the bread, the mushroom was left like an orphan. Finally, some squirrel came along and ate it.

Tourists on the Seaside Heights boardwalk are often mobbed by seagulls stealing their food. Nothing is safe even a baby bottle. Well some people regard them as pests, they are fun to watch.

If the scientists are right, and I think they are, birds are descended from flying dinosaurs. One doesn’t survive a grazilian years without being adaptable and smart.

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HEALTHCARE: Old medical bills and some tactics for dealing with them

Tuesday, March 4, 2025

https://www.wsj.com/personal-finance/how-to-not-pay-your-medical-bills-e9d195e6?st=Smcycm

How to Not Pay Your Medical Bills

  • Actually, that’s easy. This is how I paid a lot less.

By Joel Stein
Feb. 20, 2025 10:25 am ET

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As you probably recall, I had a mole removed about a year ago. As fresh as this is in all of our memories, a year is a fair bit of time, so I was surprised to get a bill in the mail for $604.80 from a company called DermTech. Apparently, much like wedding gifts, you have a year to send someone a medical bill.

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A friend of mine, who is retired and better off than me, has a different strategy.  He calls and asks for a payment plan.  He offers 5$/month since that’s “all his budget allows”.  Each month he mails 5$ paper checks by US mail.  Sometimes people call and say don’t bother since processing the checks costs them more than 5$.  I don’t understand that but it seems to work for him. 

My only experience with “delayed billing” was with a hospital bill for my sainted wife’s last hospital stay that was about TWO YEARS prior.  It was bill for about 1½ M dollars.  That certainly made my eyes water. Talking to them yielded that someone forgot to send it to the insurance company and I should submit it to my insurance company. 

Instead, I called my lawyer.  His firm was conflicted out because they represent the hospital.  He recommended any local lawyer could take care of this with one letter.  Found one with an office near my home.  One visit.  TWO LETTERS required. 

First one to the hospital asking for their agreement with the insurance company.  After a two week delay, he sent a SECOND LETTER to the hospital that their agreement with the insurance company required all bills to be submitted within 180 days and, if not, were deemed “closed”.  A month later he got a letter saying basically “You’re right.  Have a nice day”.  Cost me about $400.  Slightly better than 1½ M$!   

At no extra charge, the local lawyer pointed out that the hospital wouldn’t want to make an issue out of it since the contract with the hospital applied to all hospital bills even if the patient was not insured or insured with some other insurance company.  I can understand why they don’t want that to become common knowledge.  Wonder if the hospital’s lawyers cleaned up their contracts?

Of course, YMMV.

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Posted by reinkefj