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Monday, January 4th, 2010   7:12 am | Author: Jerry | Life, Money
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The Wall Street Journal reports that banks and financial firms are gearing up to screw you just a little more.
They are planning on raising fees on checking accounts and credit cards ”to replace more than $50 billion in revenue wiped out by new rules that clamp down on certain business practices”.
“Credit-card issuers collected $22.9 billion in penalty fees—such as those assessed for late payments—in 2009, up from $19 billion in 2008.”
“Credit-card companies already have been racing to slip new fees and practices into customer contracts ahead of the law (that becomes effective in February). Issuers are closing accounts, switching cards with fixed interest rates to variable rates and introducing cards that have an annual fee.”
“The Fed estimates that banks generate $25 billion to $38 billion a year in overdraft fees.”
“..banks are expected to eliminate free checking completely, raise fees on safe-deposit boxes and charge customers more for issuing a stop-payment on ..continue reading
Saturday, January 2nd, 2010   4:31 pm | Author: Jerry | Life
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The NYT published an article titled “Living on Nothing but Food Stamps”.
It is a scary story and makes you wonder how many Americans are on the brink.
The article points out that there are 6 million Americans who have zero income and are getting by on food stamps.
“Their numbers were rising before the recession as tougher welfare laws made it harder for poor people to get cash aid, but they have soared by about 50 percent over the past two years. About one in 50 Americans now lives in a household with a reported income that consists of nothing but a food-stamp card.”
These Americans “described themselves as unemployed and receiving no cash aid — no welfare, no unemployment insurance, and no pensions, child support or disability pay.”
“One in eight Americans now receives food stamps, including one in four children.”
The article describes the plight of some of these people. One that should ..continue reading
In wake of the attempted attack on Christmas day some are calling for profiling. Next will be an effort to legalize torture. thinkprogress pointed out that all the usual suspects came out for profiling.
Yesterday Newt Gingrich tweeted
“It is time to go to profiling of dangerous people instead of harassing and retsricting the innocent” and “We need a new policy of systematically going after terrorists that involves explicit profiling and explicit discrimination for behavior”
Radio host Mike Gallagher: “There should be a separate line to scrutinize anybody with the name Abdul or Ahmed or Mohammed.” (Note: Those are some of the most common names in the world.)
Rep. Peter King (R-NY): “100 percent of the Islamic terrorists are Muslim, and that is our main enemy today. So why we should not be profiling people because of their religion?”
Terrorism pundit Steven Emerson: “Remember, there have been so many complaints about quote, profiling, by the quote, Islamic civil rights groups, that they stopped ..continue reading
How many Americans did not hear about the incidents on the two flights into Detroit in the last few days?
How many did not hear of the heightened security measures?
At least one person does not listen to the radio, watch TV or read a paper.
A man was questioned by the FBI after he was discovered to have taken a “pyrotechnic device” onto an airline flight from Baltimore, Maryland, to New York City.
Authorities found that Thomas Ouellette, 67, of Bonita Springs, Florida, brought the pyrotechnic device onto the flight that landed at LaGuardia Airport Sunday night. The device was placed in evidence, and Ouellette was issued a federal summons to appear in federal court.
Two questions immediately come up. Why did this person think he could bring a pyrotechnic device onto a flight when you can’t even bring a bottle of water aboard? Why after the two incidents this week was the device not detected before this ..continue reading
Maureen Dowd, who writes a column in the New York Times let her conservative brother Kevin provide his views for the Christmas column.
Here are some of his observations about 2009. Just a list of Republican talking points and little else. This is a good example why Republicans deserve to lose in 2010, again. Anyone who thinks that Beck is a journalist or that Cheney is a patriot needs to have his head examined.
Sorry Maureen. I guess we can’t choose our family.
Words from Kevin-
“..by forcing through a government takeover of health care, the auto industry and the banks, the president and his Congressional henchmen have brought us in a time machine to Russia 1917. These massive changes have been done in secret and along bullying, straight party-line votes.”
“President Obama continues life in the H.O.V. lane, fawned over by the press and the crowned heads of Europe. In between apologies, the president should have ..continue reading