l1/DTD/strict.dtd">
description

About the Site

description

Predictions Surveys

description

Forward 150/Back 150

description

KidZone/Teachers

description

Visionaries Multimedia

description

Voices of the People

Share your prediction
Search all submissions

description

Early '90s Predictions

description

Elon/Pew Publications

description


Home

description

 

A vision for the future

This is one of nearly a thousand foresight statements shared by people from around the world. To return to the Voices of the People home page, click here. To do a refined search of the Voices of the People statements, click here. To submit your ideas to this online archive, look to the upper right corner of this page, click on "Share Your Prediction" and fill in the pop-up form.

Name: Vincent M. Sexton

From: California

Bio: Observer

Area of Expertise: Advocate/Voice of the People

Topic: Economic structures

Headline: The Three-Five Day "FLOAT"

Nutshell: Financial institutions will have to "cut" back the number of float days that it takes a financial transaction to process.

Vision: With newer technologies money is transeferred from one account to another in an instant. Because of this, financial institutions can make tremendous amounts of money during the transaction. Cutting the float date down to one to two days would sharply limit the amount of money earned from interest in the "float" period (three to ten days). However, I would imagine that there might be some opposition to this.

Date Submitted: 1/13/2006

A project of the Elon University School of Communications and the Pew Internet and American Life Project
All rights reserved. Contact us at predictions@elon.edu