Posts Tagged 'American Express'

Rachel Nuwer – Why Grandpa Is Homeless

Herbert Manown is a self-described “jack-of-all-trades but master of none.” A Harley Davidson-riding Vietnam War Navy veteran, he has worked in construction, at the post office, and with the United States Census Bureau. At 62, he’s still fit and healthy, with a strong handshake and grandfatherly eyes framed by black glasses and thick, bushy brows.

Life was stable for Herb until 2013, when he “got lazy” and neglected ...

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Pam Martens and Russ Martens – Wall Street Today: Fake Accounts, Fake Money, Fake Courts, Fake Regulators

Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of bank fraud, according to the CFPB, employees actually “transferred funds from consumers’ authorized accounts to temporarily fund the new, ...

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Emerson Urry – The Department of Defense Is the Third Largest Polluter of US Waterways

Advocacy group Environment America has “crunched the numbers” in an effort to reveal who the largest polluters of American waterways are. The culprits that crack the top-15 list may very well surprise you.

If you ask people on the street who America’s biggest water polluter is, for many, oil Goliaths like Exxon or Chevron might be first to come to mind – but not by a long shot would either of those be the correct answer.

AK Steel Holding Corp took the ...

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12 Toxic Compounds Hiding In This One Thing You Use Every Single Day

There is one “necessity” in every house that most people don’t give much thought to. Certainly not to the ingredients. You probably have a favorite brand or you might switch between three or four brands; perhaps you just buy whatever is on sale, many people do. But regardless of which brand you buy or how much it costs one thing remains, it is probably full of toxic chemicals.

Would you ever consider washing your hair with formaldehyde? Anti-freeze? Or engine degreaser? ...

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L. ALI KHAN – Debt Serfdom in America

As of October 2015, American consumers owe $8.17 trillion in mortgages, $900 billion in credit cards, and $1.19 trillion in student loans. Home mortgages, credit cards, and student loans occupy the most of the consumer credit market.

The consumer credit market is the dream paradise of money merchants, known as moneylenders. Just as pharma companies sell drugs to make money by way of profit, money merchants sell money to make money by way of interest. Note again, money merchants sell money to make ...

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Hightower: Rapacious Companies Go After Defenseless People in Debt

Good news, people: The “boom” is back! Yes, good times are here again, thanks to an economic boom that’s being generated by (of all things) bad times.

As you might know from your own experiences, tens of millions of Americans have been hit hard, knocked down and held down in recent years by the collapse of jobs and wages. This calamity has led to a second blow for millions of the same families, who find themselves suddenly buried in piles of ...

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