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Kenya will start regulating lending apps
Kenya's president has signed a law that will regulate lending apps that are popular in the country.
Google takes a stand against predatory lending ads
From July 13th, Google will ban adverts that promote predatory lending and other dubious financial products. In a blog post written by David Graff, the firm's director of policy, it's said that adverts for loans with repayment terms of less than 60 days will automatically be excluded. In addition, if a product in the US has an annual percentage rate of 36 percent or higher, it'll be blacklisted. Graff says that these loans can "result in unaffordable payment and high default rates," and that Google wants to protect its users from "deceptive or harmful financial products."
Libraries will lend out WiFi hotspots to foster online learning
For the less fortunate, a library may be the only reliable way to get online. But what do they do after hours, or when they can't make the trek? That's where a pair of Knight Foundation grants may prove vital. Both the Chicago Public Library and New York Public Library are starting up large-scale projects that lend WiFi hotspots to households with little to no internet access, giving them a chance to pursue internet education programs that would otherwise be off-limits. Chicago's approach will let those in six broadband-deprived neighborhoods borrow a hotspot for up to three weeks; in New York, the library will offer mobile routers for up to a year as part of existing learning initiatives.
Wallpaper lets your friends borrow e-books from real-world shelves
As convenient as e-books may be, lending them to friends is a headache; copyright woes notwithstanding, it's simply hard to show what you have on offer. Vodafone Romania just made things a bit easier, though. Its new Digital Library Wallpaper gives you real-world (if very flat) bookshelves to showcase your digital wares. As the library owner, you order a custom adhesive wallpaper that reflects the free e-books you've chosen at Vodafone's website. Once the print is on display, visitors to your home just have to scan QR codes to borrow titles and start reading.
Square dips into banking with quick cash for small businesses
Square has so far focused on helping businesses take payments; now, it's ready to make payments to get those businesses off the ground. The company has launched Square Capital, a quick financing service that uses card transactions for repayment. Every time someone makes a purchase, a small cut of that sale (on top of the usual card fee) goes toward covering the advance. Square is purposefully keeping things as simple as that. There's no application process, and there's no due date -- if business gets slow, it just takes a bit longer to pay things off.
Google Mine service reportedly leaked, lets Google+ friends share real goods
Google is big on sharing all things virtual, but it hasn't done a lot to spread the wealth in the physical world. That could change soon: Google Operating System claims to have spotted an in-development Google Mine service that can simplify lending tangible goods. Users can list what they're sharing, offer items to their Google+ circles and keep track of who has what. The web version can reportedly show a collection in 3D through a WebGL viewer named Katamari, and there's also an Android app in tow. The feature set sounds ideal for generous Google+ users; the real question is whether we'll get to use any of it. Mine is supposedly limited to internal testing for now, and only some of Google's initiatives ever leave its campus. Google hasn't confirmed the effort, but the company tells us that it's "always experimenting" with features and doesn't have anything to share "at this time." Connected borrowers will just have to be patient, then -- assuming the service launches at all.
Macmillan tests selling e-books to libraries in two-year stretches
Major publishers are taking wildly different approaches to resolving the woes surrounding e-book lending at libraries: they're experimenting with both the short-yet-cheap subscription as well as an expensive option to pay only once for perpetual use. Sure enough, we're now seeing the middle road. Macmillan plans to run a pilot project in the first quarter of the year that will charge libraries $25 per copy for a selection of 1,200 back catalog Minotaur Books titles, but give buyers better than usual lending rights for either two years or 52 loans, depending on the popularity. They'll only have permission to lend to one person at a time for each copy, although Macmillan's comments to LibraryJournal leave the door open to changing terms should the pilot struggle to gain traction. As it stands, the strategy could be expensive for libraries if they have to pay over and over again for a perennial favorite. It might, however, be palatable for those book lending outfits already planning to go all-digital.
NYT: Penguin to extend ebook and audiobook library rentals to LA and Cleveland
Penguin will refresh its ebook lending system later today, according to a report from the New York Times. The publisher will start lending out its titles in Los Angeles and Cleveland, mimicking the program that trialled (despite some DRM issues) in New York. Public library users can even expect downloadable audiobooks to join the lending list soon, through a team-up between Penguin and OneClickDigital. Expect the same lending rules, with new books appearing six months after their first release and the bizarre 'one copy at a time' system, in which each title can only be rented at one person at any one time. Worse still, at least for libraries, at the end of each year they must buy each title again or lose access to the digital copy. [Image courtesy Sten Rüdrich]
Penguin slinks back into e-book lending for New York City libraries, with a possible catch
You might say Penguin has had a rocky relationship with libraries. That looks to be on the tentative mend, as the publisher and 3M have together cut deals with the Brooklyn Public Library and New York Public Library to bring Penguin's e-book catalog back as part of a test program. Under the terms of the one-year project, the libraries will pay retail-level prices once a year to keep any given e-book available, no matter how many times it's virtually borrowed by residents in the boroughs. The book publisher is taking a page from its delay-happy movie industry friends when it comes to new releases, though: fresh titles won't show up at the library until they're six months out from first sale. You won't be reading the latest Clive Cussler novel right away, then, and 3M's lack of relevant formatting means no Kindle borrowing just yet. Even so, it's good to know that we'll soon have no trouble borrowing Penguin's edition of The Mayor of Casterbridge without having to hop on the subway first.
3M launches its Cloud Library e-book lending service, hardware and apps in tow
Almost a year after it was first announced 3M's Cloud Library e-book lending service is getting a proper rollout. Introduced today at a beta site in St. Paul, the system is now ready for its kiosks, e-readers and apps to hit the hands and eyes of library patrons. The touch-based Discovery Terminals allow catalog browsing for visitors and selections can be checked out -- along with 3M's eReaders -- like other library materials. Already have a mobile device? E-books will play nicely with your iPad, Nook or Android device via the Cloud Library app. If you find yourself needing to read a bit on your computer, checked out items are compatible with both PCs and Macs as well. "With this technology, we are able to offer cutting-edge technology to all our patrons, whether they own their own e-reader or not," said Kit Hadley, director of the Saint Paul Public Library. A handful of other library systems across the US have also implemented the service. The list of those sites and all details on the introductory period await your click in the PR below.
Penguin halts over-the-air Kindle borrowing again, this time it's serious
Penguin already signaled it'd stop providing newer titles to OverDrive's lending service, but apart from a temporary interruption last year, Kindle borrowing of older books has escaped largely unscathed. That's no longer the case: as of this month, Penguin says that "eBooks loaned for reading on Kindle devices will need to be downloaded to a computer then transferred to the device over USB." Why add the extra hassle, compared to direct wireless transfer via Amazon's servers? According to Infodocket, Penguin has simply indicated that this form of distribution breached the terms of its agreement with OverDrive. However, the American Library Association (ALA) has a more developed explanation of what's going on in this nascent industry. It says that publishers are worried about the lack of "friction" involved in eBook lending, compared to the effort required to visit a physical library. This, the ALA thinks, is leading to fears that readers will borrow more and buy less. So, perhaps the wireless delivery of borrowed titles to Kindles was just too easy for Penguin's liking?
San Francisco gearing up for electric bike sharing program
Anyone who's ever attempted to ride a bike in San Francisco can attest to just how rough the city's numerous hills can be on the lower body. Thankfully, government dollars are set to go a ways toward making electric bicycles a tiny bit more prevalent amongst the local populace. The city by the bay's CarShare program will be getting funding to bring some 90 e-bikes to 25 locations in SF and nearby Berkeley, beginning with 45 bikes in the second half of this year. Forty-five more will be coming in 2013.
3M announces Cloud Library e-book lending service for '21st century' libraries
Both Amazon and Sony have already hopped aboard the e-book library lending train and now, it looks like they'll have to make room for 3M, as well. Yesterday, the company announced a new Cloud Library e-book lending service that will allow users to browse and borrow digital books directly from their iPads, Nooks and Android-based tablets. Under the program, 3M will outfit local libraries with its own software, hardware and e-book collection, which bibliophiles will be able to access via special apps, or 3M's new eReaders, which will be synced with available digital content. The company is also planning to install so-called Discovery Terminal download stations in libraries, allowing visitors to leaf through the collection from a touch-based interface. Thus far, both Random House and IPG have signed on to the initiative, though licensing details remain murky. There's also no word on when or where the service will launch, but 3M's Discovery Terminal and iPad app will be on display next month in New Orleans, at the American Library Association's Annual Conference. Full presser after the break.
Kindle Library Lending will let you take books out on your e-reader or Kindle app, launching in US this year
We love books. We just don't love carrying more than one of them around. It's great to hear, then, that Amazon has figured out a new Kindle Library Lending feature, which will allow US customers to check the ethereal form of books into their Kindle (all generations are supported) or Kindle app-equipped smartphone or computer. Annotations will be retained, in case you decide to take the book out a second time or purchase it through Amazon, in which case they'll come flooding back in like fond memories of a good read. The service matches Sony's similar ebook library checkout offering, which is no coincidence as it's powered by the same company, OverDrive. It's set to launch later this year and you can read more about it in the press release after the break.
Amazon blocks Lendle e-book sharing service (update: it's back!)
Whether via public library or personal collection, e-books may be getting harder to borrow and loan out -- HarperCollins put the squeeze on government-funded rentals last week, and today Amazon has allegedly disabled e-book sharing startup Lendle with one fell stroke. Lendle allows readers to trade e-book rentals, in a fashion, by tapping Amazon's API to list books they agree to loan out, and in return, gain access to a Lendle database of books available to borrow from readers like themselves. The service allegedly fell under the auspices of Amazon's existing 14-day, one-time-only loaning policy, but that didn't stop Amazon from revoking Lendle's access to the API, effectively shutting the service down. According to the no-reply email Lendle received, the reason is that the service doesn't "serve the principal purpose of driving sales of products and services on the Amazon site." Perhaps there's some deeper reason behind the move, but that explanation certainly sounds pretty narrow-minded. Update: Well that was quick -- Lendle is now reporting that Amazon has reinstated its API access under the condition that Lendle disables its Book Sync tool, which is a non-essential feature anyway. Great, just in time for bedtime stories on the west coast as well.
Amazon enables Kindle e-book lending
This is great news for the mom of at least one Engadget editor (who has been despairing at her inability to share e-books with Aunt Kathy). That's right: Amazon has enabled Kindle book loaning on select titles. Of course, there are caveats: books can be loaned only once, for a period of fourteen days. As you'd suspect, the loaned books can be read using the e-reader itself or the free Kindle app for any of your various devices (including iOS, BlackBerry, Android, PC, and Mac). While a book is being borrowed you can't read it yourself, and the publisher has the final word on which titles are eligible for lending. Exciting, right? At least as exciting as the opportunity to finally discover what The Secret Life of Bees might be.
Amazon announces 14-day lending feature for Kindle books, newspapers and magazines for Kindle apps
Nook users can already lend ebooks they've purchased to others, and it looks like Kindle users will soon be able to do the same. Amazon has just announced that it will be offering a similar feature "later this year" that will let folks lend books they've purchased to other Kindle users for a 14-day period, during which the person that actually purchased the book won't be able to read it themselves. That feature won't be available for all ebooks, however, as it will be up to individual publishers and rights holders to enable it for a particular book. What's more, Amazon has also announced that Kindle newspapers and magazines will soon be readable on the various free Kindle apps available for other devices -- look for that feature to launch in the "coming weeks."
Sri Lanka to ban phone sharing in order to thwart terrorist activities
We've seen countries institute some pretty weird regulations when it comes to wireless handsets, but this one is apt to seem patently absurd to anyone outside of (and possibly within) Sri Lanka. Government officials are reportedly gearing up to implement legislation that would require handset owners to "to carry a certificate of ownership at all times when carrying their phone around." The new law will hopefully cut down on some terrorist activities that have apparently been going on, but it will also inconvenience quite a few innocent citizens as well. Ah well, at least locals can legitimately ask their mooching friends to get their own without sounding all snobbish.[Via textually]
Making/Money: The Wisdom of MMO Banking
Does it seem strange to save up to buy a house in a game? We are in an era where the real world economies of some nations are paralyzed by debts incurred from home purchases. Yet in games where there is player housing there is a surprising lack of player debt. MMOGs offer a simplified financial system seemingly impervious to the ills of modern society. What could we as a gaming society learn about real-world finance and money management from the way we act in game?
