Most people know the traditional banking model, if only from George Bailey in It’s A Wonderful Life. In simplified form: A bank takes deposits from savers, and pays them a low interest rate. Then it lends that money out to borrowers at a higher interest rate. The bank’s profits come from the difference between the rates. Charming…but far …
Continue reading “Where do America’s biggest banks make their money?”
If you can afford insurance but do not get it, you will be charged a fee. This is the “mandate” that people are talking about. Basically, it’s a trade-off for the “pre-existing conditions” bit, saying that since insurers now have to cover you regardless of what you have, you can’t just wait to buy insurance …
Verizon Wireless today announced the addition of Share Everything plans. They’re essentially family plans, allowing you, mom, dad, and big or little brother or sister to share from a pool of unlimited voice minutes and text messages, plus a specified amount of data. The service also offers a free mobile HotSpot service to any device …
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Plastic bags contribute to the pollution of California’s ocean and beaches. Californians use approximately 16 billion plastic bags per year – more than 400 annually per person. Less than 5 percent of plastic bags are recycled. Instead, they end up sitting in landfills, littering streets, clogging streams, fouling beaches, or floating out to sea. Plastic …
Continue reading “Facts and statistics on the coming plastic bag ban in California”