Law and Order/Legislation
A T-shirt parody of the "Enjoy Coke" logo. This shirt reads "Enjoy Capitalism." Part of capitalism is a free market economy that would not restrict the payday loan with unnecessary (or even harmful) rate caps.

UK Office of Fair Trading says no to payday loan rate cap

Payday loan rate cap laws have circulated in various forms through the halls of state-level politics in the U.S. for years. However, not all countries that allow payday lending to serve consumers in need of easy loans are so eager to institute a rate cap that could stifle the natural price controls present within a
Oceans of time have passed. Oh, to feel that joy of reunion. It is indescribable joy. (Photo:

Jaycee Lee Dugard, 29, Found After 18 Years

Abducted at 11, Reappeared at 29 When a child or children are abducted, life for a parent comes to a halt. Intense worry and thoughts of horror invade the senses, leaving you wondering why someone would do such a horrible thing to little ones so young and trusting. Innocence is a child’s right, and no

Montana I-164 | Payday lending on the ballot

The debate about payday lending and allowable interest rates has reached Montana. Initiative 164, a citizen’s initiative, will be on the ballots that start going out today. If the ballot measure passes, many short-term lenders say it will put them out of business. How lending in Montana is currently regulated The way payday lending and
A Bank of America branch logo.

Banks under SEC antitrust investigation for rate manipulation

The Wall Street Journal reports that the U.S. Justice Department and Securities and Exchange Commission are examining whether a group of the world’s largest banks – led by Bank of America Corp, Citigroup Inc. and UBS – colluded to manipulate the London Interbank Offered Rate of interest (LIBOR) on trillions of dollars in loans and
Example of Harvard University architecture. These classical columns hold up the roof for a place of learning; Adam Wheeler's Harvard scam held up an entire administration to the flames of their own burning ignorance.

Intercollegiate faker Adam Wheeler scams Ivy League schools

Ivy League college administrators no doubt viewed 23-year-old Adam Wheeler as a young go-getter. He had the grades, the references and more extracurricular activities than Batman. But as stories go, Mr. Wheeler’s tale was a bedtime fairy tale for our cynical age. The prince charming Adam Wheeler faked his entire educational career, according to ABC

Houston teacher beats student and gets caught on tape

Houston, Texas, students thought they were seeing a joke, at first – but when a teacher beats a student, it’s no joke. The teacher beating a student was caught on tape with a student’s cell phone, and it has caused outrage as well as school district and police department investigations. The teacher has been fired

Elias Abuelazam believed to be serial stabber and killer

A man suspected to be the culprit of 20 stabbings and five deaths has been arrested at an Atlanta airport. He was attempting to board a flight to Tel Aviv, Israel. The man in question, Elias Abuelazam, is an Israeli citizen who came to the United States legally. Of the 20 incidents, 16 took place

Mortgage Lenders Network USA told loan documents are protected

A U.S. bankruptcy judge has handed down an order preventing mortgage documents from being destroyed. The judge ruled that the mortgage documents could potentially be evidence and must therefore not be destroyed. This specific ruling was against Mortgage Lenders Network USA, but could affect most mortgage lenders. The ruling against Mortgage Lenders Network USA A
The Western Sky Financial corporate logo, which depicts three teepees within the image of a setting sun.

Maryland challenges sovereign immunity in tribal lending case

There are a variety of state laws that apply to licensed payday lenders. When a legitimate company operates outside the bounds of state law – such as with Native American tribal lending – state laws traditionally have not applied. According to the Center for Public Integrity, such a legal divide has resulted in a legal

Natalie Munroe blog raising questions of teacher free speech

Everyone gets a little frustrated at work or other people now and again. On Natalie Munroe’s blog, the high school teacher ranted about her students and job. When that blog was brought to administrator’s attention, Natalie Munroe was suspended, and she may be fired. The contents of the Natalie Munroe blog Natalie Munroe is a

Is the Supreme Court on the verge of revoking gun control?

A Chicago handgun ban has been in place for 28 years. That may be long enough as far as the Supreme Court is concerned. The highest court in America appears “likely to extend the federal right to own guns to state and local governments,” reports Reuters. This sentiment is not universal among justices, however. The
The Colorado legislature building, where payday loans HB 1351 placed unreasonable restriction upon payday lending in the state.

Payday loans in Colorado and the threat of HB 1351

Various state legislatures have passed tough payday loans regulation in recent months, and now Colorado HB 1351 has made it through after a narrow vote. According to Progressive States Network, HB 1351 caps APR at 45 percent and requires that lenders give borrowers as long as six months to pay back the money borrowed.  Because
The Pentagon City Metro Station

John Patrick Bedell left an extensive digital archive as JPatrickBedell

Yesterday evening, a man officials believe to be John Patrick Bedell in a business suit and armed with two semi-automatic weapons opened fire on the Pentagon. He was killed in the ensuing gunfight, but John Patrick Bedell leaves behind a digital archive laden with conspiracy theories, anti-government manifestos, and new economy theories based on “information

Glock is weapon of choice for military, police and mass murderers

The Glock-19 is an Austrian-made semi-automatic pistol preferred by the military and most police departments. The Glock-19, the weapon of choice for Arizona shooter Jared Lee Loughner, accommodates an extended magazine that can carry up to 33 rounds. A Clinton-era law banning Glocks with extended magazines was allowed to expire by Congress in 2004. The
File photo of former Obama car czar Steven Rattner.

Steven Rattner to pay $10 million for raiding N.Y. pension fund

Former Obama administration car czar Steven Rattner has reached an agreement with the New York State Attorney General’s office after a multi-year investigation into allegations that he engaged in a kickback scheme that enabled him to skim money from that state pension system. The New York Times reports that under the agreement, Rattner will pay

Google video mistakes in Italy cause financial emergency?

Google’s video scandal with inappropriate Italian Video The internet as we know it or at least Google is in serious jeopardy. Three Google executives were convicted Wednesday of failing to remove a video that was inappropriate in nature. The case is still in the process of being appealed. Benny Evangelista, a Chronicle staff writer, quotes
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Kenneth Biros Execution Starts Debate on New Method

Kenneth Biros executed in Ohio Regardless of the outcome of the debate over a new lethal injection method, the results of the Kenneth Biros execution will remain the same. Convicted murderer Kenneth Biros was executed this morning in Ohio by lethal injection. After 18 years in prison, Biros, 51, told his siblings “Now I am