Digby on The Cult and their news. Trump is very popular. Of course the other other cult blamed Trump on Russia
Government and Business
TNB - "Maximum corruption occurs at the intersection of Government and Business"
"Government of business by business and for business"
In the bill, the interest rate is actually calculated as monthly fees of $9 per $100 on the original principal. In that scenario, a consumer who borrows $1,500 for 9 months and makes the payments on time would owe a total of $2,715, with $1,215 in fees.
In the revised bill, people could take out a new loan 15 days after paying off a previous loan, instead of every week.
The committee lowered the cap for another type of small-dollar loan from $4,000 to $3,000 and decreased the proposed interest rate from 99 percent to 72 percent.
and ..
The payday loan industry has pushed for legislation similar to Senate Bill 613 for the past three years, only to be rebuffed amid concerns from the consumer advocacy organizations and others that see such high-interest rates as predatory.
This year, the loan industry has hired several top lobbyists at the Statehouse, including former Republican lawmakers Matt Bell and Matt Whetstone
US Edition of "Government of business by business and for business"
A bill supported by Democrats and Republicans would make permanent a program that bars the IRS from ever developing its own online tax filing service.
Those efforts have been fueled by hefty lobbying spending and campaign contributions by the industry. Intuit and H&R Block last year poured a combined $6.6 million into lobbying related to the IRS filing deal and other issues.
US Edition #2 of "Government of business by business and for business"
The House Oversight Committee is attempting to study how drug companies set prescription drug prices, but Republicans have warned the industry that it may be better for them not to cooperate
Economics
Ian Welsh: Don’t Confuse Capitalism With Industrialization
Marxism - Found at the always good Stumbling and Mumbling
Robots are coming - Walmart Announces A New Addition To Its Workforce: Thousands Of Robots
Robots are coming #2 - Robot Farmers - Farming, at least working the fields, planting etc. seems a great place for driver-less vehicles
No comments:
Post a Comment