Political News.

The Case for Leaving the Payday Advance Industry Alone

The payday advance industry has received a great deal of criticism in recent years. Celebrities such as Sarah Silverman have publicized their opinions of payday loans, and President Obama has called payday advances “predatory.” In June, the Consumer Financial Protection Bureau, commonly called the CFPB, released its long-awaited proposed regulations for payday advances and other

Online Cash Advance Lenders Make a Mockery of Bans by States

A recent Washingtontimes.com article explored online lending and state bans of cash advance companies operating within their jurisdictions. The article mentioned that many of these lenders get around bans by ignoring state caps on interest rates and other regulations. Without storefront options, online cash advance lenders can still advertise extensively to deliver quick cash directly

Installment Loans Under Fire by the CFPB Regulatory Guns

The Consumer Financial Protection Bureau, which is usually referred to as the CFPB, has turned its attention to installment loans, after making a series of controversial pronouncements and recommendations for payday lending reform. The organization has consistently cut through traditional checks and balances to expedite financial reform in the wake of 2008’s mortgage and banking

War for Profit – How Defense Contractors Influence Washington Policy

When President Dwight D. Eisenhower left his post on January 17, 1961, he warned the country of what he thought was a major threat. According to the leader, the military industrial complex formed of lobbyists and military contractors is a great threat to the nation since it will strive to keep America at war for
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Merry Christmas Federal Government

Merry Christmas Federal Government Santa in the Mirror It was no secret who Santa was for the federal government. Santa came in the form of a Senate vote that raised the debt ceiling for federal spending by $290 billion. This new limit was the scaled down version of the $1.8 trillion that was originally sought.

Senate Republicans distressed by Jim Bunning

On March 1st, 2010, Senator Jim Bunning (R-KY) launched a one man filibuster opposing an extension on a bill that extended benefits for the unemployed.  It covered unemployment benefits, COBRA insurance, and other aid.  Sen. Bunning opposed the bill on grounds that insufficient funds were on hand to pay for it, and that unused stimulus
U.S. Congress building

Doc Fix | Disputed Democratic memo about health care reform

Earlier this morning, it was reported that “unnamed sources” on capitol hill revealed a supposedly “secret” memo instructing Democratic members of congress to not discuss the “doc fix” action that was allegedly under discussion. So what exactly is “doc fix”? Has this memo’s authenticity been confirmed, and will the doc fix mean that Congress will
Consumers budgets are already stretched out. Cash Advances help, but will the upcoming global warming bill make things worse? (Photo: flickr.com)

People Use Cash Advances as They Brace for Global Warming Bill

New Global Warming Bill Studies are showing people are increasing cash advances as they wait for new massive global warming bill to go into effect. In the next few weeks, Congress will be reviewing a huge global warming bill.  The bill, named Waxman-Markey, will create a cap-and-trade program that aims to police greenhouse gas emissions.
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Tax Free Weekend NC | Shop ‘Til You Drop!

Aid for families in need In this recession, people are looking for ways to save money. No matter what rabbit hole they need to dig into, people are counting on pennies saved whenever possible. In places like North Carolina where unemployment has grown at a staggering pace, people need some kind of relief. For instance,

Googlers again needing dictionary for vitriol

For those of us who pay attention these sorts of things, Google Trends and Google Hot Searches can be quite telling.  One of the big searches for Friday, April 2, was the term “vitriol.” Granted, it is sort of an obscure word. Some people put a lot of fast cash in them that their college,

Pennsylvania Rep. John “Jack” Murtha dead at 77

Democrat Vietnam vet criticized Iraq, rolled pork barrels I noticed that a controversial figure in American politics has died. Jack Murtha, a former Vietnam war veteran who brought a great deal of heat to America’s efforts in Iraq, has rolled his last pork barrel. I don’t mean to be flippant about that last point; he

AIG Has “Excellent Chance” to Repay Bailout Money

Will it be enough to restore confidence? Of all the companies the United States government has bailed out during this recession, few have drawn as intense a degree of the public’s ire as American International Group, the company that is commonly known as AIG. Their indiscriminate use of the credit default swap seemingly didn’t include
Obama offers tax compromise

Tax compromise boosts markets, along with partisan bickering

A tax compromise announced by the Obama administration Tuesday features both an extension of Bush tax cuts and a  federal unemployment extension. Wall Street gave the tax compromise a resounding approval, approaching stock-market highs not seen since the brink of the financial crisis. However, politicians on both sides of the isle vowed to do everything

Obama proposes doubling of the child care tax credit

Nervous about slow growth? Throw money at it! America’s economic recovery may not be coming along as fast as you prefer. Since scoring political points is akin to sucking up Cheez-Its for hungry politicians, change cannot come fast enough. In other news, President Obama has proposed doubling the child care tax credit as part of
Medvedev and Obama

Senate stalling on vote ratifying new START treaty

A new version of the START treaty with Russia is languishing in the Senate. The new Strategic Arms Reduction Treaty would renew the commitment between the United States and Russia to reducing and securing the nuclear arms each country holds. Moscow maintains the treaty must pass whole, or it won’t be honored. New START treaty
Nobel Peace Prize

WikiLeaks among more than 200 nominees for Nobel Peace Prize

WikiLeaks, the website responsible for releasing millions of pages of secret documents, has a new headline. One member of the Norwegian Nobel Committee has nominated WikiLeaks for the Nobel Peace Prize. The nomination has been submitted, but WikiLeaks is not likely to win. Norwegian politician announces WikiLeaks nomination Generally, the Nobel Committee keeps the file

Voters side against legalization as Prop 19 goes up in smoke

Many are asking “did Prop 19 pass?” The answer is no, it did not. Prop 19 in California, or Proposition 19, did not pass at the polls. So far the state has voted 54 percent against and 46 percent for. Few areas in California voted positively for the measure. Had the measure passed, it would