Payday loan opponents struggle to get a fair hearing

Payday loans are high-interest short-term unsecured small loans that borrowers promise to repay out of their next paycheck, typically two weeks later. Interest rates are typically 300% to 500% per annum, many multiples higher than the exorbitant rates charged by banks on their credit cards. A typical payday borrower takes out payday loans to pay utility bills, to buy a child’s birthday present or to pay for a car repair. Even though payday loans are dangerous financial products, they are nonetheless tempting to people who are financially stressed. The growth of payday lenders in the last decade has been mind-boggling. In many states there are more payday lenders than there are McDonald’s restaurants. In Missouri Payday lenders are even allowed to set up shops in nursing homes. Missouri’s payday lenders are ferociously fighting a proposed new law that would put some sanity into a system that is often financially ruinous for the poor and working poor. Payday lenders claim that the caps of the proposed new law would put them out of business. Their argument is laughable and their legislative strategy is reprehensible. Exhibit A is the strategy I witnessed Thursday night, February 18, 2010. On that night, Missouri State Senator Joe Keaveny and State Representative Mary Still jointly held a public hearing at the Carpenter Branch Library in the City of St. Louis City to discuss two identical bills (SB 811 and HB 1508) that would temper the excesses of the payday loan industry in Missouri. Instead of respecting free and open debate and discussion regarding these bills, payday lenders worked hard to shut down meaningful debate by intentionally packing the legislative hearing room with their employees, thereby guaranteeing that A) the presenters and media saw an audience that seemed to favor payday lenders and B) many concerned citizens were excluded from the meeting. As discussed further down in this post, payday lenders are also responsible for flooding the State Capitol with lobbyists and corrupting amounts of money.carpenter-branch-library When I arrived at 7:00 pm, the scheduled starting time, I was refused entry to the meeting room. Instead, I was directed to join about 15 other concerned citizens who had been barred from the meeting room. There simply wasn’t room for us. But then who were those 100 people who had been allowed to attend the meeting? I eventually learned that almost all of them were employees of payday lenders; their employers had arranged for them to pack the room by arriving en masse at 6 pm. Many of the people excluded from the meeting were eventually allowed to trickle into the meeting, but only aspayday-employees other people trickled out. I was finally allowed into the meeting at 8 pm, which allowed me to catch the final 30 minutes. In the photo below, almost all of the people plopped into the chairs were payday lender employees (the people standing in the back were concerned citizens). This shameful tactic of filling up the meeting room with biased employees has certainly been used before.

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An inside look at Reverend Billy Talen’s Church-of-Not-Shopping

Reverend Billy is a clown and a prophet. All dressed up, he is a serious clown, self-honed and bearing sharp claws in the best tradition of court jesters. At the recent True Spin Conference in Denver Colorado I had a chance to meet the Reverend Billy of The-Church-of-Not-Shopping. Reverend Billy is an outwardly cartoonish persona constructed by actor Billy Talen. Talan has been at it for so long and so intensely, however, that it is difficult to see where Talen ends and Reverend Billy begins. Even while he was discussing his mission during his presentation at True Spin, he was prone to erupt into his preacher voice, standing up and beckoning those present to heed the central tenet of his Church: that we “Not Shop.” Although Reverend Billy is famous for his anti-consumerist sermons, he also preaches on numerous other social justice issues. One of those other concerns is that free-flowing conversational and intellectual space—the place where naturally-occurring culture used to thrive—is now jam-packed with the profit-seeking messages of corporations seeking to deny us the natural flow of our social interactions. "They want to sponsor our stories." He is concerned that corporations have filled our heads with their music and their values, and their buy-oriented slogans, largely displacing us of our ability and desire to construct original thoughts through natural conversion. Billy argues that we need to ramp down the shopping because on a daily basis we are selling our very souls when we unnecessarily buy. We have remade ourselves into commodities, and our unwitting plan is to deliver ourselves to our sponsors. Pop quiz: according to Rev. Billy, what is the best thing you can get someone for Christmas? Answer: nothing. Why should we stop shopping? Reverend Billy might answer you with the Title to his 2007 documentary: "What Would Jesus Buy?" No words really work well to introduce you to Reverend Billy. Take a moment, if you will, to allow Amy Goodman to introduce him to you. Those who think Reverend Billy is only a clown fail to listen closely to his serious message, perhaps because of the outrageous way with which he delivers it. But make no mistake that Billy has carefully constructed both his message and his means of delivering it. He delivers it in a way that seems absurd in order to bring a modicum of attention to his message. You see, Americans love their shopping their conveniences, and they fiercely resist any suggestion that they need to change their ways.

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Cost of our new high-speed trains is dwarfed by the tax dollars we waste in our Afghanistan and Iraq “wars.”

President Obama has recently announced that he will allocate $8 billion ($4 billion each year, over two years) to develop a new system of high-speed passenger rail service. This is an excellent idea. The new rail lines will be created within 10 geographical corridors ranging from 100 to 600 miles long. Note, however, that the high-speed rail line system will be an extremely expensive project, and that the $8 billion bill will need to be paid by 138 million tax-paying Americans. Dividing the $8 billion cost by the number of taxpayers, we can see that, on average, each taxpayer will pay almost $60 ($30 per year, for two years) to support this massive new high-speed rail service. Again, this high-speed rail project will cost an immense amount of money. Consider, though, how small this pile of rail money looks when compared to the amount of money we are wasting in the "wars" in Iraq and Afghanistan. For 2009, the United States spent approximately $87 billion for Iraq and $47 billion for Afghanistan. The fiscal 2010 budget requests $65 billion for Afghanistan operations and $61 billion for Iraq. the cost of these two "wars" together is $126 billion for 2010. Compare these expenditures on a bar chart: Graph by Erich Vieth

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The Politics of War Crimes

I sometimes can't shake the feeling that everything is wrong. Down is up, wrong is right, war is peace, and lies are truth. Take, for example, the issue of torture. We as a society have regressed to the point where we find it acceptable to use torture. We use it explicitly, openly, without any concern for the consequences. Of course, some of the consequences (like increasing terrorism) are inevitable, whether we choose to be concerned with them or not. But that's really beside the point-- the simple point that I am amazed by right now is that we torture people. That, and the fact that it's not a major controversy. The Land of the Free, the Home of the Brave, with tyranny and torture for all. Since the usual arguments against our torture policy have proven ineffective, I want to elaborate a bit. The usual arguments involve questions of efficacy-- that is, whether torture is effective or not. (It's not). In fact, the CIA officer who argued that waterboarding was so effective that it cracked hardcore terrorists the first time (and within 30 seconds!) has now recanted his story. When he came out with the story of how waterboarding worked so well, he was called the "Man of the Hour", but now hardly anyone is mentioning that it was all lies. Go figure that a CIA guy would lie to his own countrymen, right? In any case, the issue of waterboarding, or any of the various "enhanced interrogation techniques", is a red herring. The truth is that we are engaged in far worse abuses.

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Police chiefs, judges and prosecutors explain why the “war on drugs” is immoral

This video by LEAP (Law Enforcement Against Prohibition) is well worth watching, especially by those who claim to support the "War on Drugs." The many hundreds of law enforcement officials who belong to LEAP agree that what we have is not a "War on Drugs," but prohibition, rampant social destruction and corruption. But won't people start using a lot more drugs if they are legalized? Not likely, based on the "Holland effect": Legalizing marijuana in The Netherlands has lessened its appeal: Per-capita consumption is only half what it is in the United States. "They have succeeded in making marijuana boring," according to James Gray, an Orange County Superior Court judge for 20 years. Check out the 12-minute mark of the above video for shocking statistics on institutionalized racism. As one of the police officers states, legalization is not about promoting drugs. It's about stopping the violence. Once we legalize, then we can go about our work to discourage the destructive use of drugs, just like we did with cigarettes. 50% percent of adult smokers have given up that habit in the past ten years thanks to education. We cut the use of nicotine in half without telling our police to kick down doors and slap handcuffs onto smokers. Judge Gray indicates that ending the "war on drugs" is the "single most important thing we could do" to improve our urban neighborhoods. What is the war on drugs? According to one of the speakers in the above video, it's "sixty nine billion dollars per year down the rat hole." I agree. The "War on Drugs" should be renamed the "Inject Violence Into Neighborhoods Project." It is immoral and senseless. And finally, there is good reason to believe that the momentum has changed (based on many things, including Denver's legalization of marijuana). Large numbers of Americans are starting to question this insane "War." Judge Gray makes the point that legalizing marijuana is NOT condoning it. In the following talk (Oct 28, 2009), he gives a long litany of additional reasons for regulating and controlling marijuana. The biggest reason for legalizing is the the present system endangers children: For much more important information, see the home page of LEAP.

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