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January 30th, 2009
Many airlines go cashless for in-flight purchases
Airline passengers, no longer surprised that they must pay for food and beverages, now increasingly face another change - credit-card-only flights. RSS widgets and RSS feeds on Feedzilla.com
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More Claims From NSA Whistleblower Russell Tice
eldavojohn writes ”Russell Tice, former NSA employee & whistleblower, has revealed yet more details claiming that wiretapping was combined with credit card data to target civilians. He also suggests the CEOs of major companies hold the truth: ‘To get at what’s really going on here, the CEOs of these telecom companies, and also of the banking and credit card companies, and any other company where you have big databases, those are the people you have to haul in to Congress and tell them you better tell the truth.’ Will congress follow his suggestions?” This adds to information revealed by Tice last week that the wiretaps targeted journalists in particular. of this story at Slashdot.
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by admin
January 26th, 2009
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ANZ National Bank is lowering the interest rates it charges on credit cards. The move comes at a time that banks have been criticised for not cutting interest rates as fast as the central bank has cut interest rates, though banks have moved to cut …
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by admin
January 24th, 2009
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Americans are notorious for their ability to spend more than they earn. But now — as the credit crunch continues to cripple the economy — that notoriety has reached epic proportions.
According to the Federal Reserve, total consumer revolving credit, including credit-card debt, stood at nearly $974 billion last November, up from some $770 billion in 2003. Meanwhile, a January 2009 report by the American Bankers Association found that bank-issued credit-card delinquencies hit their highest level in five years during the second quarter of 2008. And consumer bankruptcy filings increased by nearly 33% in 2008, according to the American Bankruptcy Institute and the National Bankruptcy Research Center.
”We’re in a different time than we’ve been in any of our living memories,” says Gerri Detweiler, credit advisor for Credit.com. ”The level of debt that consumers owe is much higher than it’s been in the past, and there’s this big gap in debt solutions.”
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Gas prices: Up 14% for the month
Gasoline prices edged higher Saturday and are now 14% higher from where they started the month, according to a daily survey of credit card swipes. News widgets and RSS feeds on Feedzilla.com
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