By The Editorial Board | [email protected] | PUBLISHED: June 1, 2019 at 1:05 pm | UPDATED: June 1, 2019 at 1:05 pm We certainly can understand the California Legislature’s well-intentioned attempt to protect low-income consumers from what some lawmakers view as predatory lending practices. Short-term loans, which provide fast and easy high-interest consumer loans for those with a desperate need for cash, can ensnare people in a cycle of debt. But limiting this choice doesn’t fix the unpleasant circumstances that cause people to seek out such loans. Assembly Bill 539, which recently passed the Assembly and has been sent to the state Senate, will leave potential borrowers in a tougher bind. It would cap annual interest rates at 36 percent for loans between $2,500 and $10,000 and impose some other regulations. The bill’s supporters describe such rules as a moral imperative. There’s nothing moral, however, about shutting down one of the last options … [Read more...] about Consumer loan cap will hurt poor and benefit loan sharks
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A month after cover star Miley Cyrus blasted President Trump as a “completely racist, sexist, hateful a**hole” in its March issue, Vanity Fair is handing the spotlight over to a man who hopes to kick him out of office: Beto O’Rourke.Want daily pop culture news delivered to your inbox? Sign up here for Yahoo’s newsletter.Though his bid to dethrone Ted Cruz as Texas’s junior senator last November ultimately proved unsuccessful, the 46-year-old rising star is banking on his sudden popularity to help take him from El Paso to the White House.O’Rourke formally confirmed that he’s running for president in the 2020 election in a statement to El Paso’s KTSM. But it was Vanity Fair’s April cover, released just hours before his announcement, that really kickstarted the 2020 buzz.The Texan wears blue jeans in his photo shoot with famed photographer Annie Leibovitz, while the … [Read more...] about Beto O’Rourke is running for president — and people can’t get over his Vanity Fair cover
Increasing the limits of unsecured loans given by banks will prevent people from approaching loan sharks, an online conference hosted by the State Bank of Viet Nam (SBV) heard on Wednesday. The State Bank of Việt Nam hosts an online conference on lending for agricultural and rural development and solutions to prevent usury on Wednesday (December 26).-Photo courtesy of SBV The conference focused on discussing the implementation of Decree 116 issued by the Prime Minister on credit policies for agricultural and rural development and measures to tackle loan-sharking. Dao Minh Tu, the SBV’s deputy governor, said agriculture and rural development is a sector enjoying credit priorities since it plays a key role in socio-economic development. By the end of last November, outstanding loans to agriculture and rural areas was worth VND1.69 quadrillion (US$72.6 billion), or 24 per cent of total outstanding loans in the banking system, according to the central bank. The figure … [Read more...] about Higher limits could help end loan sharking: experts
NEW YORK — Penny Marshall, the trailblazing director of smash-hit big-screen comedies such as "Big" and "A League of Their Own" who first indelibly starred in the top-rated sitcom "Laverne & Shirley," has died. She was 75.Michelle Bega, a spokeswoman for the Marshall family, said Tuesday that Marshall died in her Los Angeles home on Monday night due to complications from diabetes. "Our family is heartbroken," the Marshall family said in a statement.In "Laverne & Shirley," among television's biggest hits for much of its eight-season run between 1976-1983, the nasal-voiced, Bronx-born Marshall starred as Laverne DeFazio alongside Cindy Williams as a pair of blue-collar roommates toiling on the assembly line of a Milwaukee brewery. A spinoff of "Happy Days," the series was the rare network hit about working-class characters, and its self-empowering opening song ("Give her any chance, she'll take it/ Give her any rule, she'll break it") foreshadowed Marshall's own path as a … [Read more...] about ‘Laverne & Shirley’ star, ‘Big’ director Penny Marshall dies
Answering the obvious questions about conflicting advice from public health agencies By Alyssa Pereira, SFGATE and Brandon Mercer Updated 2:28 pm PST, Friday, November 16, 2018 HOW BAD IS THE AIR? Keep clicking or swiping through the gallery to see BEFORE and AFTER. ==> York Wang (left) and Chris Ko wear breathing masks while walking theough Sproul Plaza at UC Berkeley on Friday, Nov. 16, 2018. Ko says heÕs already sick, so trying to avoid the bad air is really difficult. University officials cancelled classes Friday because of the unhealthy air conditions which continue to choke the Bay Area with heavy smoke from the Camp Fire in Butte County. less HOW BAD IS THE AIR? Keep clicking or swiping through the gallery to see BEFORE and AFTER. ==> York Wang (left) and Chris Ko wear breathing masks while walking theough Sproul Plaza at UC Berkeley on Friday, ... more Photo: Paul Chinn, The Chronicle Buy … [Read more...] about Wait, kids & people with breathing problems should NOT wear N95 masks?