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Participatory Economics and Why The Occupy Movement Was Destined To Fail From The Start.
Much of the coverage of the Occupy Wall Street protests has focused on whether there is a single, overall point or purpose to the movement and even whether it is a movement at all.
Its hard to argue that a gathering be it a movement or simply a protest is successful if no one can come to a consensus as to the what its all about.
The folks at NPRs Planet Money went down to see what the OWS protests were about, and they concluded that it is more of a venue than a movement. It seems that the OWS group is a loose conglomerate of disparate interests at least on the surface.
We went downtown this week to talk to the protesters at Occupy Wall Street. We asked people why they were there. We heard lots of different answers.
But delve a little deeper and you find that its a platform for launching a whole new society. One based on Participatory Economics.
Consolidation Loans – Single Loan Against Multiple Loans
Managepound debts
Keep track of various pay back schedules
Elude the possibility of missing one or the other repaymentsConsolidating loans is one such systematic solution. One of the best examples of a multiple financial chaos is the latest trend or need of keeping several credit cards. Nowadays, the market is overflowing with credit cardpanies providing attractive card offers. For corporate benefits, many big organisations too areing up with either affiliated cards or their own cards. By offering attractive deals to card holders they force their clientele to avail those dedicated cards. Such changing trends make it imperative for people to balance their earnings and expenditures, and to pay off their bills vigilantly.
When debts are multiple, paying interests on each loan separately may turn out to be very costly. So, merging multiple loans into a single loan amount makes sense. This is when consolidation loanse into the picture.
Consolidation or Settlement?
Consumer debt can get out of hand in any number of ways, especially in an economy which is losing hundreds of thousands of jobs each month. Credit cards, medical bills and a host of other forms of consumer debt are accumulating on a monthly basis for consumers that are using these types of accounts just to keep up with life’s necessities. If monthly debt payments look like they are about to get out of reach taking action, first in the form of learning about available options, is an absolute must.
For borrowers carrying too much consumer debt the relief options include credit counseling, debt consolidation, debt settlement, and bankruptcy. The definition of credit counseling has morphed into an umbrella term covering anything to do with indebtedness while many consumers wish to avoid the stigma of filing bankruptcy, leaving debt consolidation and debt settlement as viable options for struggling consumers. Each strategy has advantages depending on the financial circumstances of the borrower. A
Information about Secured Credit Cards for Businesses
If you have a new company or if you have bad personal credit are planning to get a business credit card, one of your best options would be to get a secured credit card. Secured business credit cards are different from unsecured business credit cards in that they require collateral to serve as a form of assurance for the credit card issuer that they would be paid. Read on to find out more about what are secured business credit cards and how you can apply for one.
Applying for a secured credit card offers plenty of advantages. One would be that it can help a new business establish credit. Establishing credit through the proper use and management of a secured business credit card is important, since you would want to build a good reputation in the eyes of lenders so that in case you need to take out a business loan in the future, lenders would be able to see that you have a good credit history. Read full post…
Importance of credit counselling for debt-reduction
The first step towards reducing or settling debt is to go through a debt-reduction with an expert of a debt settlement company. Not only do they help the client understand the basics of what goes into availing a debt settlement program, its advantages and disadvantages in its counselling sessions but also all the information that a client must know about credit, debt and debt-reduction irrespective of whether it is a part of the program or not.
Most debt settlement companies offer credit-counselling services that help in easing out the problem of debt accumulation. Credit counselling helps a client have his or her interest rates reduced and hence be debt free within 5 years. In fact, the client can save thousands. The debt settlement company ensures that money is deducted from your account on a monthly basis and they follow up the process by distributing it with your creditors. This ensures transparency and smoothness in the working of your money towards a debt-free life. Read full post…
Consumers have greater ability to take on credit card debt
In the month of September, the amount consumers were allowed to borrow on their credit cards grew once again as lenders continued to issue more new accounts.
The latest National Credit Trends Report from the credit monitoring bureau Equifax showed that the number of credit cards issued in September increased for both banks and retailers, and with those rates rose the amount of credit card debt consumers are allowed to take on, according to a report from the Wall Street Journal. The year-over-year increases are likely the result of improving rates of delinquency and default observed by all major lenders.
New bank-issued credit cards rose to a total of 21.6 million in September, up 25.3 percent over the same month last year, and private-label store-issued cards jumped 6.9 percent to 18.2 million, the report said. Read full post…
Obama Signs Debt Bill Into Law, Signals Tax Reform
THE SIX-MONTH-long crisis over US debt ended yesterday when President Barack Obama signed into law a Bill raising the debt ceiling by $900 billion, just hours before the US would have defaulted on its $14.3 trillion debt.
There was little enthusiasm for the deal among US congressmen. The Senate nonetheless passed the Bill by a vote of 74 to 26 shortly after noon yesterday. The House of Representatives had endorsed it by 269 to 161 votes on Monday evening.
“Although you may not see it this way, you’ve actually won this debate,” Senator Mitch McConnell, the leading Republican in the upper chamber, told Tea Party conservatives. Alluding to unprecedented legal linkage between government borrowing and spending cuts, Mr McConnell said there was henceforward “a new way of doing business in Washington”.
Speaking for Democrats, Senate majority leader Harry Reid said most Americans “think the arrangement we’ve just done is unfair, because the richest of the rich have contributed nothing”. The Tea Party’s