Saturday, December 09, 2006

Tigers Sign Jose Mesa

It appears that Dave Dombrowski has decided to take on another right handed reliever considering the lefty market is all but dead. The team announced that Jose Mesa was signed in free agency for 1 year at $2.5 Million.


Jose Mesa
Story on ESPN

Now this is an odd move. A bit of a head scratcher. Jose Mesa is a veteran closer and has slowly been moved to earlier innings in games. Last year with the Colorado Rockies he lead the league in appearances prior to the All-Star break and really was doing a fine job. His role on this team seems a bit uncertain, but the only possibility is that he will pitch in the 6th and 7th innings since we already have the great Todd Jones as a closer. We also have the 2nd year freak show Joel Zumaya to set up along with Fernando Rodney who is a 7th and 8th inning guy.

My first instinct was that one of those 3 may be on the move. Zumaya is pretty much untouchable so it could be Jones or Rodney. Zumaya is primed to take over at closer when Jones leaves so it could be possible that happens now with a move. The Florida Marlins have expressed interest in Jones so it may be in the works. Manager Jim Leyland LOVES Rodney so I doubt he goes anywhere either. We shall see how it all shakes out.

Sunday, December 03, 2006

Lending Idea in the UK

I stumbled across this site from some random ad around the net and found it rather intriguing.

Zopa

The premise of it is that you can lend your money directly to other people that you would otherwise have sitting in a savings account. Now don't get a head of yourself and start thinking that this is crazy and how you don't think this could work.

What is going on here is that Zopa is like a middle man. They will do background checks on lenders before you lend them your money. Unlike a bank where you may pull in 4% for a savings account while they lend your money out to borrowers, on Zopa your money is lent out to borrowers, but they pay you the lending rate. So on average they are claiming that your return is roughly 7% rather than the 4% you would get from a savings account. They have basically eliminated the bank and are a service that does background checks on borrowers that you can lend to rather than banks doing these checks and lending your money to borrowers and keeping all the profit. With Zopa you get the lending return, not some bank.

Get it now? Isn't this an interesting idea? I thought so at least.

AT this point it is only in the U.K., but soon should be in the United States. They are backed by such magnates as the investment companies who backed Ebay, Staples, Juniper, Hotmail, Redgate, etc. For more info on those just take a look at Zopa's page on it:

Backers

Of course many won't be interested in such an idea, or trusting enough, but none the less I find it to be a very fascinating new concept for the use of the internet and hope that the company is able to succeed.