Are Social Entrepreneurs The Most Successful People In The World?

October 22nd, 2017 by bgVAWJW9

Submitted by: Justin Hayslett

I have visited education courses, read books, and spoken to numerous successful people. Most, if not all, point to one of the same ingredients in their great success: Purpose. The reason behind what you do. If you do not have it you probably won’t succeed;

ut if you do, the skies the limit. In this article I want to explain why social entrepreneurs who are working to build social businesses should be the most successful in the earth.

Gary Keller, founder of Keller Williams Realty, says it perfectly:

” … A Big Why brings big focus and big energy, and a little why brings little focus and little energy. HIGH ACHIEVERS ALWAYS HAVE A BIG WHY” (p. 73).

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The astounding book, E-Myth, by small business guru Michael Gerber says it like this,

“Your Primary Aim is your innermost driving force. It gives you a sense of direction and purpose. It motivates you to your highest levels of energy, and puts you at your best” (Chpt. 12).

With that said …

Don’t social entrepreneurs have the Greatest desire of all? Don’t they have the most needed reason behind what they are doing? Then doesn’t it stand to reason that social entrepreneurs, as they are giving their lives to solve the world’s predicaments, should be the most driven, vigorous, vital, committed and extraordinary people on the face of the world?

One lesson I learned early in my business work was that money is not a good reason to keep going. Since setting in motion my enterprise Ethic Travel, which focuses on using a segment of our profits to help assemble homes for those in need, and now launching Impact Through Business, I have NEVER had this much vital energy and passion. I’m up at 4:30 a.m most mornings, and work till late into the evening many nights; all to do it again the next day. And what’s more, I am thoroughly relishing it. I can see the impact that our business can have on individuals lives. I put a picture of a boy in atrocious poverty up on my wall. When I do get down or feeling lethargic, as we all do at times, I take a long look and let it refocus my purpose. It’s an utter impossibility to stare at this, let it sink it, and not have burst of motivation surge through me. This is what I am working for in Ethic Travel. To see quality homes built for people like this, to give them a healthy stable environment so that, in turn, they can begin to build their lives.

What drives you?

If you want to arrive at your potential think about the big picture. What do you want your life to be about? What do you want the chronicle of your life to be? I truly believe that pursuing social entrepreneurship should be the most successful in the world; they have the biggest why.

Not only will a big why motivate you to success, it will satisfy you once you get there. If all you are pursuing is money alone, you will be sadly disappointed and unfulfilled once you get some. True success is being fulfilled, and that cannot come by pursuing money alone.

About the Author: Get started in your life of fulfilment and influence by downloading your FREE e-book:

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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

October 22nd, 2017 by bgVAWJW9

Monday, January 12, 2009

Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal breach of trust (Section 406 of IPC), criminal conspiracy (Section 120-B), cheating (Section 420), falsification of records and forgery (Section 468), and fraudulent cancellation of securities (Section 477-a), they face up to ten years imprisonment if convicted.

After 18 hours of interrogation by the Crime Investigation Department (CID) at the state police headquarters, the Raju brothers were sent to the Chanchalguda prison and slept Saturday night on the floor along with 26 other low-risk inmates.

S. Bharat Kumar, the Rajus’s lawyer, asked the magistrate to issue orders for health monitoring. “His blood pressure is fluctuating and he needs medical treatment,” said Bharat Kumar. Mr. Raju appeared before the court Saturday while a team of doctors visited him after he had complained of chest pain.

Raju has Hepatitis-C, and both brothers have high blood pressure, so health precautions are necessary while imprisoned. Prison rules mandate service of jail food thrice a day. The menu includes 650 gm of rice thrice a day with 250 gm of vegetable curry and 125 gm of ‘daal’ plus tea twice a day.

Satyam’s chief financial officer Vadlamani Srinivas, who was also arrested Saturday, had undergone preliminary investigation and appeared Sunday before a special court, according to A. Sivanarayana, Andhra Pradesh additional director general of police. Srinivas was remanded to judicial custody until January 23 by Mr. D. Ramakrishna, Sixth Chief Metropolitan Magistrate, and sent to the Chanchalguda jail with the Raju brothers after interrogation by CID’s Crime Branch (the CB-CID). During his Saturday night arrest and probe by CB-CID, Srinivas made revelations which are contained in his confession letter as submitted to Network 18. “According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management,” Srinivas stated.

The Hyderabad court on Monday postponed the bail hearings of the Raju brothers and Srinivas to January 16. To be defended by a battalion of 25 lawyers, the three accused will remain in Chanchalguda Central Jail until further court order. The Raju brothers were shifted Sunday to a mid-size Old Hospital Barrack cell shared with a bootlegger.

Contents

  • 1 The offences
  • 2 About Satyam Computer Services
  • 3 Impact on Satyam Computer Services finances and reactions
  • 4 Related news
  • 5 Sources

In 2008, the company struggled to purchase two infrastructure companies founded by family members of company founder and CEO Dr. Raju – Maytas Infrastructure and Maytas Properties – for $1.6 billion, despite concerns raised by independent board directors. Dr. Raju tendered his resignation on January 7 after due notice of falsified accounts to board members and the SEBI.

Since January 7 when two lawsuits were commenced, dozens of other class action law suits were filed against Satyam for hundreds of millions of dollars damages based on fraud in the United States District Court for the Southern District of New York in Manhattan, among others. The securities fraud class-action lawsuits have been filed on behalf of investors who bought Satyam American Depositary Receipts (ADRs) since 2004.

On Wednesday Dr. Raju admitted to falsifying and overstating Satyam’s cash reserves by $1B US dollars (ÂŁ661m) or 94% of its cash and bank balances on books at the end of September.

The fraud was perpetrated several years ago to bridge “a marginal gap” between actual and accounting books operating profits, and continued for several years. “It was like riding a tiger, not knowing how to get off without being eaten,” B. Raju said.

In a letter to the board, Dr. Raju said that neither he nor the managing director had benefited financially from the inflated revenues. Further claiming that none of the board members had any knowledge of the dire company situation, he noted that Satyam’s balance sheet as of the September 30, 2008, carried inflated figures for cash and bank balances of INR 5,040 crore (as against INR 5,361 crore reflected in the books). He alleged it also carried an accrued interest of INR 376 crore which was non-existent. He confessed that he himself prepared an understated liability of INR 1,230 crore on account of funds amid an overstated debtors’ position of INR 490 crore (as against INR 2,651 crore in the books).

Indian analysts have compared the Satyam-Raju scandal to the infamous American Enron scandal. Immediately following the media expose, PricewaterhouseCoopers, auditor of Satyam’s accounts, was set to be probed for complicity in the controversy. Times Now has reported that the Andhra Pradesh CID arrested PricewaterhouseCoopers (PWC) representative Gopal Krishnan for investigation on Saturday night.

New York-listed Satyam Computer Services Ltd., India’s fourth-biggest software firm, is a consulting and information technology services company based in Hyderabad, India. Founded in 1987 by Dr. Byrraju Ramalinga Raju, Satyam’s network spans 67 countries on six continents. It employs 53,000 professionals in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. Its monthly salary outflow is estimated at six billion rupees ($125 million). Deriving more than half of its revenues from the United States, it serves 700 global companies, 185 of which are Fortune 500 corporations.

Satyam’s clients include Nestle, Ford, General Electric Co., General Motors Corp., Nissan Motor Co., Applied Materials Inc., Caterpillar Inc., Cisco Systems Inc. and Sony Corp., and brought in about $40bn last year.

In December 2008, a failed acquisition attempt involving the company Maytas led to a plunge in Satyam’s share price. After Wednesday’s confession, Satyam stocks fell further by more than 70%, while the BSE SENSEX dropped to 7.3% Wednesday, causing the removal of Satyam Computer Services from its indices on Thursday. The shares free fell to 11.50 rupees on Friday, their lowest level since March 1998, compared with around last year’s high of 544 rupees.

The New York Stock Exchange has terminated trading in Satyam stock as of January 7, while the National Stock Exchange of India said it will remove Satyam from its S&P CNX Nifty 50-share index from January 12.

India’s biggest-ever corporate fraud has seriously tainted India Inc.‘s strong corporate governance image. “The admission of fraud in financial affairs has created an adverse impression in the minds of trade, business and industry across the world,” the Indian government admitted. The government intervened on Friday night, dismissing Satyam’s board of directors, announcing it will appoint representatives to manage the affairs of the insolvent outsourcing giant. The board would meet within seven days. Dr Yeduguri Samuel Rajasekhara Reddy, chief Minister of State of Andhra Pradesh, India, on Sunday said that the main agenda is to protect the jobs of the software professionals. “We are taking all needful steps in coordination with the government of India to ensure that the jobs of 53,000 engineers are protected and the shareholders’ money is salvaged,” Reddy said.

“We are working on the names. The Satyam case is an aberration. The credibility of the Indian corporate sector in general, and IT sector in particular, should not be allowed to suffer because of this.” Prem Chand Gupta, the Corporate Affairs Minister said. The Federal Government of India appointed a three-member independent board with full authority for Satyam on Sunday and was set to convene within 24 hours. “We have appointed Deepak Parekh, chairman of Housing Development Finance Corporation, Kiran Karnik, former president of IT industry body NASSCOM and C. Achutan, former member of Securities and Exchange Board (SEBI) of India,” Mr. Gupta said.

In early Monday trading (0535 GMT) after the creation of the three-member board, Satyam shares rocketed upwards 60% to 38.15 rupees, even though the main Mumbai market was down more than 2%. BBC reported that Satyam shares have jumped 51% to 36.05 rupees on Monday after the stock lost 87% last week. “The constitution of the new board is seen as a positive step by the market. It’s a confidence boosting measure,” K.K. Mital, Globe Capital, New Delhi head of portfolio management services said. “But the rally will depend largely on the financial situation at the company and the kind of measures that are taken to improve liquidity,” he added.

The Company Law Board, however, has requested Satyam’s interim board not to implement its decisions. “We are asked by the Company Law Board not to implement the decisions of the board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work,” Satyam head global marketing and communications, Mr. Hari Thalapalli, said.

Lazard Ltd., who has a 7.4% stake in Satyam, sought representation on the new board and wrote as much to The Indian Ministry of Corporate Affairs. “As the largest shareholder in the company, we want to be consulted in whatever decisions are being taken by the Indian government. We have written to the Ministry of Corporate Affairs and are awaiting a reply from them,” Hitesh Jain, a partner at ALMT Legal, who claimed to represent Lazard, said. “It is a fair proposal and we will take a decision as and when we clear other issues. No decision on this has been taken yet,” P.C. Gupta replied.

Meanwhile, the Securities and Exchange Board of India (SEBI) also announced it will try to control the damage and take steps to boost investor confidence. “This exercise will be undertaken after the third quarter results and is expected to be completed by end of February this year,” a SEBI official statement said. A SEBI team is also investigating acting-CEO Ram Mynampati whose salary was greater than that of founder Dr. Raju and all the directors combined. Dr. Raju had just one fifth of Mynampati’s total package of over Rs 3.5 crore as of March 2008. All the directors comparably received only a total of Rs 2.6 crore as salary, commissions, sitting fees, professional fees and other receivables.

Further, the Andhra Pradesh Police CID and teams assigned by the Economic Offences Wing of the CB-CID conducted searches Sunday of homes of the accused including the ex-CFO’s office to gather documentary evidence about the financial fraud.

Why Reading Aloud To Your Child Is Important

October 21st, 2017 by bgVAWJW9

By Kent W Johnson

Okay, so your child loves to watch television, play video games, surf on the Internet, and listen to music. And there’s nothing wrong with those activities, as long as they’re used in moderation. Most parents would also love to see their kids participate in more constructive activities — like reading children’s books — but the trick is to get your little ones to actually sit down and crack open a book a few times per week.

One way to start is by sitting down and reading aloud to your children. By reading aloud to your kids, you’re showing them how to enjoy children’s books, the English language, the wonders of a good story, and hopefully, you’re instilling a love of reading and learning. Many kids associate books with the drudgeries of school and homework, but you want to show them how a well written children’s book can be an exciting adventure, a real pleasure, as their imagination takes them to places they’ve never been to visit with people and characters they’ve never met.

According to a recent US government study, there’s a direct relationship with reading aloud to your children and childhood literacy rates. Reading children’s books and other materials to your children is not only a great educational head start for pre-school, but also a wonderful social activity, and a chance to spend quallity time with your kids.

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Reading to children is shown to have a positive effect on children’s literacy outcomes, the government report concludes. Through experience with books, children gain important exposure to written language. They begin making connections between the spoken word and the printed word. Policymakers contend that it is important to read to your child.

Regrettably, few children today seem to read for pleasure. In one study, only 7 out of 10 9-year-olds said that they enjoy reading as a pastime, compared with 78% five years ago, while for 11-year-olds, the proportion has declined from 77% to 65%. Children said they preferred watching television to going to the library or reading. But the biggest changes in attitudes were among boys. In Year 6, only 55% of boys said they enjoyed stories compared with 70% in 1998.

So getting your children — especially males — to read, and enjoy reading, is a real challenge these days. And again, one way to tackle that challenge is to read to your children aloud. One technique is to make reading a children’s book a game, an interactive adventure that you can both enjoy. After all, this is another way to spend some quality time with your kids, which is what they want anyway.

Another way to use children’s books and literature to teach is through the so-called “Charlotte Mason” method. In this method of teaching, the child “tells back,” in his or her own words, a short book or poem, or a chapter of a longer book. The child is forced to focus on the story, and understand its meaning. This type of verbal narration is especially effective in younger children who may not have the writing skills necessary to put their thoughts down on paper.

The goal is to get your child to open a book for fun, on their own, without prodding from you or their teachers in school. I can remember my own excitement and fascination when I discovered the Lord Of The Rings trilogy as young teenager, and how many hours of entertainment and enjoyment I culled from the pages of that classic fantasy series.

About the Author: Kent Johnson – Reading Expert and Career Coach

Visit Books To Order Personalized Books

Your source for personalized children’s books that make reading fun.

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Tanker truck fire causes collapse on Oakland Freeway

October 20th, 2017 by bgVAWJW9

Sunday, April 29, 2007

A tanker truck carrying approximately 8,600 gallons of unleaded gasoline caught on fire on the Interstate 80/880 interchange in Oakland, California early Sunday morning around 3:40 AM. The fire resulted in the collapse of at least two sections of bridges at the interchange, including one carrying I-580. The multi-level freeway interchange known as the MacArthur Maze connects the Bay Bridge (Interstate 80) to Interstates 580, 880, and 980 and California State Highway 24, and as such it connects several major cities in California, including San Francisco, Oakland, and Berkeley.

The driver, James Mosqueda, 51, of Woodland, California, escaped from his truck before the fire. He was the only person reported to be hurt, suffering second-degree burns. No other vehicles were involved in the crash.

The driver was believed to be speeding, resulting in a loss of control of the truck, causing it to flip over and subsequently burst into flames. As the truck was traveling on the interchange of I-80 eastbound to I-880 southbound near the San Francisco Bay Bridge, it is speculated to have hit a guard rail or column during a turn. Shortly thereafter, it exploded into a fire that lasted several hours.

Caltrans officials have announced that repairs will be fast-tracked, but will still take several weeks. Public transit has responded with plans to increase service and re-route buses that used the destroyed interchange.

Gov. Schwarzenegger has declared a state of emergency that in addition to expediting repairs will suspend restrictions on truck traffic hours and provide free use of area public transportation on Monday, April 30.

Several injured in Ben Nevis cable car accident

October 20th, 2017 by bgVAWJW9

Thursday, July 13, 2006

As many as eight people have been injured after two cable cars collided at the Nevis Range near Fort William in Scotland.

Two RAF helicopters, an air ambulance, four ambulance crews, police, fire brigade and a mountain rescue team are among those present. Police have confirmed that three people have been injured, including one child. Injuries include broken legs, head and chest injuries. The Scottish Ambulance Service have reported that up to seven people had been thrown on to the hillside. A reporter at the scene said one car near the top of the mountain had slid down a cable, hitting another and then one of the cars fell to the ground.

Northern Constabulary have stated “It’s understood that two gondolas would appeared to have collided and a number of casualties have been reported. The local mountain rescue team, Inverness helimed and other air support are in attendance to remove casualties”.

The Doppelmayr gondola system is made up of eighty six-seat closed cabins running on a continuous 4.6km steel cable.

Finding The Best Botox Clinics In London}

October 20th, 2017 by bgVAWJW9

Finding the best botox clinics in London

by

Dr. Anwar29 DrHaq 29

Getting botox for wrinkles and sweating

There are many ways of changing your appearance and making yourself look better and most people opt for botox because it is considered to be a lunch time procedure that is non invasive and for the most part safe. You can find lots of botox London practitioners that are fully qualified and able to understand your need for getting botox for your general good looks, to look younger and for more serious and embarrassing conditions like excessive sweating.

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For the most part, the botox treatments are very safe and you can usually have them done as a so called lunch time procedure because they are quick and require no sedation. You can go back to work, drive and continue as normal after having botox. There have been cases where people become very swollen and some people find that they are allergic to the botox. Paralysis of the muscles and surrounding tissue is the aim of botox London and sometimes this can affect people more badly than others. This also depends on the expertise of the doctor and the quality of botox and amount of it used. Lip injections can be very dangerous, with a case of a patients upper lip becoming paralyzed for almost 6 months.

Botox hyperhidrosis treatments and excessive sweating treatments are also available in most of the London botox facilities and are aimed at helping those with an excessive sweating disorder called hyperhidrosis. This procedure is also non invasive and you might require a few visits and sessions of botox for longer lasting results. As with the traditional London botox wrinkle treatments, you must make sure you find a reputable clinic that offers only approved botox and that has highly qualified doctors to administer the injections.

When you go for a consultation at your botox clinic be sure that you ask about any side effects and complications that might arise. They will be sure to do a thorough examination to see if you can have the treatments and how much you need for sever wrinkles or start lines around the eyes, brow and some other places like the upper lip. The upper lip is not commonly done as it can causes paralysis of the upper lip for almost 6 months if not done correctly.

Most of the botox London procedures can be quite pricy, but this should not be overlooked when choosing a doctor and London botox clinic. You should be willing to pay a little bit extra to ensure that you are getting the best service and a qualified professional who will not make any mistakes and give incorrect dosages. Whilst looking at the price is a factor, thinking about your safety should be more important and the key is to find a balance where you can be safe and know that you are getting the ultimate service and treatment, at a reasonable and still affordable price, even if it is not the cheapest. Make sure you get the best London botox doctors and find out if they use only approved botox which is safe.

Dr. Anwar Haq is author of this article on excessive sweating botox. Find more information about botox london treatments here.

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Leonard Skinner, namesake of rock group Lynyrd Skynyrd, dies at age 77

October 20th, 2017 by bgVAWJW9

Monday, September 20, 2010

Leonard Skinner, the namesake of rock band Lynyrd Skynyrd, has died at the age of 77. Skinner was a gym teacher and basketball coach and taught members of the group. His death was announced by his son, also named Leonard Skinner, who also said that he was suffering from Alzheimer’s disease.

Skinner died at the St. Catherine Laboure Manor nursing home in Riverside at 02.30 a.m. His son said that he had a bowl of ice cream shortly after midnight. He had been at the home for about a year.

The coach taught the members of the group in the 1960s and was reportedly hard on the students. He later said in a 2009 interview that “he was just following the rules”. He disputed the rumours that he was extra tough on them or that he kicked them out of school.

In later years he opened up his own bar and became friends with some members of the group and even introduced them at one of their concerts in Jacksonville.

Truck carrying explosives crashes, explodes in Utah

October 20th, 2017 by bgVAWJW9

Thursday, August 11, 2005

A truck carrying 35,500 pounds (16,100 kg) of explosives used in mining and seismic exploration overturned and exploded on a rural mountain section of U.S. Highway 6 in Utah’s Spanish Fork Canyon Thursday afternoon.

The wreck occurred shortly after 2 pm, as driver Travis Stewart, 30, of Rexburg, Idaho, was leaving Ensign-Bickford Co., a commercial explosives manufacturing plant at the mouth of the canyon. Company officials said the truck was destined for Oklahoma.

Witnesses said Mr. Stewart appeared to lose control of the truck after entering a curve in the road at a high rate of speed. Utah Highway Patrol Lt. Ken Peay said, “speed was a factor” in the wreck of the truck but refused to speculate on how fast the truck was traveling when it wrecked. Lt. Peay said the posted speed limit on the road is 60 mph, but the advised speed is 40.

At least 17 people received minor injuries and the explosion left a 35 foot deep crater in the highway. The driver was transported via helicopter to a hospital, where he was listed in fair condition, and was later released. The co-driver Troy Lysfjord, 37, of Blackfoot, Idaho, was helped from the wreck by passers by and listed in fair condition at Utah Valley Regional Hospital in Provo.

The wreck site occurred on a major thoroughfare between Denver and Salt Lake City – about 60 miles south of Salt Lake City – was already under reconstruction by nightfall, as road crews began installing 10 inches of asphalt on the two lane road.

Utah Department of Transportation spokesman Tom Hudachko said officials hoped to have the road fully repaired by Friday afternoon, adding that, “When you take a look at that hole that was there 24 hours ago, I think it’s amazing the progress that was made.” As of press time, the mouth of the canyon was reopened to traffic, while traffic at the accident site was impassible, and rerouted nearby.

The explosion consumed all but about 60 pounds of explosives, and loosened some boulders on the north side of the highway, damaged railroad tracks and some fiber optic lines buried along the roadway. Amtrak and Union Pacific reported delays resulting from the wreck. Uinta National Forest spokesman Loyal Clark said forest firefighters were unable to respond to several small fires nearby that were apparently started by flying debris, and that helicopters dropped water to extinguish them. High humidity and lack of fuel from a previous fire delayed the fire’s spread.

The cost of repairs, while paid immediately by the state, will ultimately be borne by the trucking company’s insurance carrier. The truck is registered to R&R Trucking of Duenweg, Missouri.

UHP Lt. Peay said the investigation findings will be turned over to Utah County Attorney Kay Bryson whom would make any final decision about what charges, if any, would be pressed.

US Senate committee investigates credit card practices

October 20th, 2017 by bgVAWJW9

Wednesday, December 5, 2007

On Tuesday, the United States Senate Committee on Homeland Security and Governmental Affairs‘s Permanent Subcommittee on Investigations held a hearing titled “Credit Card Practices: Unfair Interest Rate Increases.” The hearing examined the circumstances under which credit card issuers may increase the interest rates of cardholders who are in compliance with the terms of their credit cards. It was a follow-up to a March 2007 hearing.

Subcommittee Chairman Carl Levin said in his opening statement: “Today’s focus is on credit card issuers who hike the interest rates of cardholders who play by the rules — meaning those folks who pay on time, pay at least the minimum amount due, and wake up one day to find their interest rate has gone through the roof — again, not because they paid late or exceeded the credit limit, but because their credit card issuer decided they should be ‘repriced’.”

Present to testify on behalf of credit card issuers were Roger C. Hochschild of Discover Financial Services, Bruce L. Hammonds of Bank of America Corporation, and Ryan Schneider of Capital One Financial Corporation.

Much of the 90 minute hearing focused on specific cases where interest rates were raised, allegedly because credit scores of the debtor dropped, and not because they were delinquent or otherwise behind on payments. According to Levin, this practice made it so that almost all payments went towards finance charges with almost none toward repaying the principal. This, he felt, is an unfair practice, as the credit card companies were negligent in informing their customers of the rate hikes and the reason for such hikes.

Families find themselves ensnared in a seemingly inescapable web of credit card debt.

The collective credit card debt of Americans totals an estimated US$900 billion. Issuers have come under pressure to disclose their policies in regards to setting fees and interest rates. The US Truth in Lending Act requires that terms of a loan be set forth up front. Fluctuating interest rates on credit cards would, on the surface, appear to violate this act.

Roger C. Hochschild disagreed, arguing that “every card transaction is a new extension of credit … This makes it difficult — and risky — to underwrite, and price, the loan based solely on the borrower’s credit-worthiness at the time of application [for the card].”

Ryan Schneider, agreed: “The ability to modify the terms of a credit card agreement to accommodate changes over time to the economy or the credit-worthiness of consumers must be preserved.”

“Attempts to interfere with the market here … will inevitably result in less credit being offered,” warned Bruce Hammonds. “Risk-based pricing has democratized access to credit,” he added.

All three credit card executives also mentioned an ongoing Federal Reserve System review of credit card rules that already proposes a 45-day notification ahead of any rate changes.

Committee members criticized the industry for varying practices. Included in the criticism was the practice of mailing checks to card-holders, failing to notify applicants that obtaining additional cards could lower their credit score and raise their rates, and “ambushing” card-holders with raised rates.

Ranking minority member of the subcommittee, Norm Coleman said, “families find themselves ensnared in a seemingly inescapable web of credit card debt. They particularly report being saddled with interest rates that skyrocketed on them seemingly out of the blue.”

Wikinews interviews Jeff Jacobsen, creator of LisaMcPherson.org

October 19th, 2017 by bgVAWJW9

Tuesday, February 19, 2008

On Sunday, Wikinews interviewed creator of memorial site LisaMcPherson.org, former Lisa McPherson Trust employee and long time Scientology critic Jeff Jacobsen.

LisaMcPherson.org is a memorial site created in 1997 containing information on her death and the resulting legal case against the Church of Scientology.

Lisa McPherson died in 1995 while in the care of the Church of Scientology. After a car accident, she became mentally unstable. Scientologists removed her from the hospital and placed her in the Introspection Rundown, she died 17 days later while still in care of the Church. She was used as an icon during Project Chanology, the protest of the Church of Scientology by Anonymous. Protesters were pictured with signs that said “Remember Lisa McPherson” and “Ask Scientology Why Lisa McPherson Died”, other protesters had posters with her picture on it.