Cashing In On Poverty: Banks Harvest Fees On Unemployment Benefits

Tuesday, November 1, 2011 Cashing In On Poverty: Banks Harvest Fees On Unemployment Benefits Out of work and living on a $189-a-week unemployment check, Rob Linville needs to watch every penny. Lately, he has been watching too many pennies disappear into the coffers of the bank that administers his unemployment check via a prepaid debit card. Good For Business: Getting Americans Back To Work BofA's Five Dollar Fiasco Greece Risks Meltdown After Bailout Vote Bombshell Occupy Wall Street Protesters Wrestle With Growing Security Concerns Official: MF Global Admitted Using Client Money As Troubles Mounted BLOG POSTS Robert Reich: Greece's Choice -- And Ours: Democracy Or Finance? Greek PM George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out. Jeff Madrick: Super Committee Cuts to Social Security to Divert From Real Issues We have plenty of taxing capacity to take care of our needs. We simply refuse to act as a modern nation, driven by myths that we can somehow return to the simplicity of colonial America. Robert Pozen: Rick Perry's Harebrained Tax Plan Perry combines the worst of all worlds. He offers a large tax cut to the wealthy while offering little to the poor, he maintains many distortive tax deductions, and he does not actually make the process of tax preparation any simpler. Joseph A. McCartin: Reagan's Airport Statue: Why Some Won't Celebrate When the Ronald Reagan Presidential Foundation unveiled a statue this morning, not everyone celebrated. Among those who withheld applause were thousands of former air traffic controllers who walked off their jobs thirty years ago and were fired and permanently replaced by Reagan. Monika Mitchell: Capitalism 2012: Rewriting the Rules of the Game In the wake of the widening economic inequity in America and around the world, the old rules of capitalism are long past due for a drastic 21st century overhaul.

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