Junk online
THE Internet is poking into every aspect of insurance, even the least glamorous: rubbish. In May, a firm called SalvageSale.com began offering an online auction and trade exchange for “damaged, heavily discounted, distressed or sub-specification material” (junk) and “finished goods in commercial quantities” (lots of junk).
This article appeared in the Finance & economics section of the print edition under the headline “Junk online”
From the July 22nd 2000 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer