Technology

Whack-a-Mole: How Payday Lenders Bounce Back When States Crack Down

In 2008, Ohio’s legislature banned high-cost loans, but the industry has since found ways to continue offering the same services. Despite the public voting against the industry’s efforts to roll back the law by a two-to-one margin, hundreds of payday loan stores still operate in the state, charging annual rates of up to 700 percent. 

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TARP is Over, But the Bailouts Will Continue Until the Big Banks are Broken Up — And Washington Knows It

The Troubled Assets Relief Program (TARP) – the controversial bailout of Wall Street in 2008 – has come to an end, the Treasury Department has announced. The remaining shares of the banks and General Motors owned by the government are to be sold off. However, the reality is that the biggest Wall Street banks are

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How J.P. Morgan Chase Has Made the Case for Breaking Up The Big Banks and Resurrecting Glass-Steagall

J.P. Morgan Chase & Co., the largest bank in the United States, has announced a loss of $2 billion in trades over the past six weeks, with the potential for an additional $1 billion in losses due to overly risky bets. Chief Executive Jamie Dimon has attributed the losses to “many errors, ‘sloppiness’ and ‘bad

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Good Morning California! How Long Have Gas Companies Been Fracking Around In Your Backyard?

For decades, Californians have been unaware of the prevalence of fracking within their state. Hydraulic fracturing, commonly known as fracking, is a process of injecting thousands of gallons of water, sand, and chemicals into the earth at extreme pressure and speed to extract natural gas and oil from underground shale deposits. This has caused a

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Op-Ed: Bill Gates Favors The Death Panel and Vaccines To Decrease The World’s Population

Bill Gates has sparked controversy with his suggestion that the world’s population should be reduced through the use of vaccines. In a TEDx presentation two years ago, the Microsoft billionaire argued that investment in healthcare and reproductive health services could reduce the population by 10-15%. He suggested that instead of spending money on those who

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