Archive for the ‘TILE Translations’ Category

The White House Takes On Credit Card Fees

Monday, April 20th, 2009

Credit card companies aren’t always crystal clear about their fees & charges; D.C. is taking a hard look at the fine print and you should, too.

  • President Obama is seeking reform on “credit card abuses” – practices that include misleading credit offers and extremely high interest rates.
  • Congress is already working on legislation to combat certain fees and rate increases, but support from the White House should help these measures pass.
  • Banks are wary of the plan, saying the government should wait for existing legislation to go into effect before pursuing more.

Facts & Figures

  • There are already new rules limiting credit card rate increases, but they won’t go into effect until 2010.
  • Among 21 of the biggest banks that received federal bailout money, overall lending decreased by 2.2% in February.
  • Number of specific plans unveiled so far by the White House to deal with these issues: 0.

Best Quote

“As we go forward we need to be careful about piling on rules that very much may have the impact of restraining the availability of credit.” – Edward Yingling, President of the American Banker’s Association (tha banking industry’s lobbying group)

Life Without Clean Water?

Monday, March 23rd, 2009

Water, water… everywhere?

  • A meeting of nations at the 5th World Water Forum took place in Istanbul this week, focusing on international diplomatic and economic solutions to the ever-present worldwide shortage of clean water.
  • The primary causes of the shortage are climate change and poor local resource management. As the earth heats up, the hydrological cycle is disrupted. Rising sea levels begin to infuse natural fresh water sources with salt, which makes the water unfit for human consumption. In rapidly modernizing countries like China, deforestation and desertification also disrupt the hydrological cycle and encourage salinization of freshwater aquifers.
  • Some outside conservation groups say that the council doesn’t go far enough beyond making proclamations to properly address the issue, though this year’s forum tried something new: Focusing attention on the economic impact of improved access to water and sanitation, in the hopes this would motivate local governments to take a more active role in dealing with the water crisis.

Facts & Figures

  • Humans can survive 30 days without eating food but only 7 days without drinking water.
  • 1 billion people lack any access to clean water; 2.5 billion lack water for sanitation purposes.
  • According to the World Health Organization, every $1 spent on water and sanitation can result in economic returns of $7-$12.

Best Quote

“I don’t know why anyone should need to be reminded of this, because it’s so obviously important and so obviously solvable. The answer really is people are blind to the obvious. It’s not sexy.” – Susan Keane, Public Health Expert at Natural Resources Defense Council