Borrowing – 20th CVETSMEM http://20thcvetsmem.org/ Sat, 18 Sep 2021 17:08:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://20thcvetsmem.org/wp-content/uploads/2021/04/default1.png Borrowing – 20th CVETSMEM http://20thcvetsmem.org/ 32 32 Conservative Democrat Gets $100k From Oil and Gas PACs in Bid to Fend Off Surging Progressive https://20thcvetsmem.org/conservative-democrat-gets-100k-from-oil-and-gas-pacs-in-bid-to-fend-off-surging-progressive/ https://20thcvetsmem.org/conservative-democrat-gets-100k-from-oil-and-gas-pacs-in-bid-to-fend-off-surging-progressive/#respond Wed, 28 Apr 2021 09:58:39 +0000 https://20thcvetsmem.org/?p=1471 Sludge produces investigative journalism on lobbying and money in politics. The American Prospect is republishing this article. One of the most conservative Democrats in the House has a primary challenger, and the contrast couldn’t be more stark. Rep. Henry Cuellar, an eight-term representative from southern Texas and a member of the conservative Blue Dog Coalition, has an A […]]]>

Sludge produces investigative journalism on lobbying and money in politics. The American Prospect is republishing this article.

One of the most conservative Democrats in the House has a primary challenger, and the contrast couldn’t be more stark.

Rep. Henry Cuellar, an eight-term representative from southern Texas and a member of the conservative Blue Dog Coalition, has an A rating from the National Rifle Association, holds anti-abortion views, and has, like President Donald Trump, associated undocumented immigrants with rapists and murderers

He’s been dubbed “Big Oil’s favorite Democrat,” and the nickname fits: Not only has Cuellar consistently voted for the oil and gas industry’s interests, but the PACs of oil and gas corporations have showered his campaigns with money.

In the first nine months of this year, Cuellar’s campaign received over $100,000 from 28 corporate PACs in the oil and gas industry, according to an analysis by the Center for Responsive Politics, making Cuellar the House’s biggest recipient of oil and gas PAC donations in the 2020 election cycle, even above Republican reps from his oil-rich state of Texas. Only two members of Congress—both senators—have received more oil and gas PAC money than Cuellar in 2019. In the 2018 cycle, Cuellar took in $183,000 from corporate PACs in the energy and natural resources sector, including $143,500 from oil and gas.

Cuellar’s 2019 donors include the PAC of Koch Industries, which, along with its billionaire CEO Charles Koch, tends to finance climate change-denying Republicans as opposed to Democrats. Cuellar is a regular recipient of Koch Industries’ PAC money. Anadarko Petroleum PAC and Valero Energy PAC have both already maxed out to Cuellar for the primary and general elections, each giving his campaign $10,000.

Texas’ 28th Congressional District is solidly blue, having gone for Hillary Clinton by 20 points in 2016, and is not considered a competitive general election race in 2020 by the Cook Political Report.

‘A Rising Generation of Leadership’

Cuellar has faced only one primary opponent since becoming a member of Congress in 2005. His current challenger, 26-year-old immigration and human rights attorney Jessica Cisneros, is a leftist who supports Medicare for All, the Green New Deal, and a $15 minimum wage. Her platform has earned her a number of endorsements from key progressive groups such as MoveOn, the League of Conservation Voters Action Fund, Planned Parenthood Action, and the Working Families Party, as well as from newer leftist organizations Justice Democrats and the Sunrise Movement. In addition, Cisneros has scored endorsements from progressive stars Sen. Elizabeth Warren (D-Mass.), Rep. Alexandria Ocasio-Cortez (D-N.Y.), and Rep. Ayanna Pressley (D-Mass.)

Cisneros “represents the voices we so desperately need in Congress right now—millennial, working-class, Latina, first-generation immigrant, and a bold champion for a progressive agenda,” Alexandra Rojas, executive director of Justice Democrats, told Sludge. “We need Democrats who fight for the party’s voters, not big corporate and Republican donors. Cuellar is exactly what’s wrong with our party, and [Cisneros] represents the hope of what it can be. She’s part of a rising generation of leadership who is dedicated to fighting for solutions as big as the problems we face.”

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“We endorsed Jessica because Henry Cuellar represents all that’s wrong with Washington,” Stephen O’Hanlon, communications director of the Sunrise Movement, told Sludge. “Jessica Cisneros, on the other hand, is ready to fight for the Green New Deal and isn’t taking a cent of corporate PAC or lobbyist money.”

‘Fully Harnessing America’s Natural Resources’

Perhaps most illustrative of the vast chasm between the two candidates are their campaign finances. Cuellar has raised hundreds of thousands of dollars from corporate PACs with almost no small donations of $200 or less from individuals, while Cisneros rejects all corporate PAC money, and her 2019 haul is reliant on small contributions.

Cisneros, who launched her campaign in June, raised $465,000 through September, almost all of it coming from individual donations. Fifty-four percent of the money she raised from individuals came in the form of small donations of $200 or less. For Cuellar, just 1.4% of his $514,000 worth of individual donations came in small form, while 56%, or nearly $290,000, came from contributions of $2,000 or more.

“We represent a very poor, impoverished district,” Cuellar campaign spokesperson Colin Strother told Sludge. “We don’t ask them for money because if they’ve got an extra 10 bucks laying around [they have other things to spend it on].” 

The congressman has received 66 individual donations of $2,800, the maximum allowed amount per election.

Individual Cuellar donors include oil and gas developer Thomas Gates, who gave $2,800; David Killum, Jr., managing partner at Killum Oil Company ($2,600); Alfonso Arguindegui, CEO of AOC Holding Company, which owns Arguindegui Oil Companies ($1,000); ConocoPhillips lobbying manager Kevin Avery, who recommended a colleague for a job in Scott Pruitt’s Environmental Protection Agency ($500) as it took apart Obama-era regulations; and Bill Skeen, a real estate manager at Fasken Oil and Ranch ($500).

Strother says Cuellar gets about one-quarter of his campaign funding from in-district sources and claims that Cisneros gets most of her contributions from outside the district. Through September, Cuellar had roughly 330 itemized individual donors—those whose identifying information is disclosed—and 15 unitemized donations of $200 or less via online fundraising platform ActBlue. Cisneros had about 230 itemized individual donors and 332 unitemized donations through ActBlue, meaning she likely had many more unique individual donors than Cuellar.

Like many other Democrats, Cisneros has pledged to reject money from corporate PACs, which executives and other highly-paid employees of the companies tend to fund. Valero Energy PAC, for example, has raised 87% of its 2019 funds so far (nearly $500,000) from employees who listed their occupations as CEO, vice president, executive vice president, attorney, counsel, executive director, director, general manager, manager, superintendent, or supervisor.

Cisneros signed the No Fossil Fuel Money Pledge, which requires her to reject large contributions from fossil fuel PACs, top executives, and lobbyists. Environmental advocacy group 350 Action supports the pledge and endorsed Cisneros. She appears to have one donor in the fossil fuel industry, a tax manager at electric and natural gas utility Direct Energy, who gave $500 total. Her only contribution from a non-individual thus far came from the Justice Democrats PAC ($5,000).

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“We’re committed to running a campaign grounded in our values and funded by grassroots individuals fighting for true representation for South Texas,” Cisneros told Sludge. “Voters in Texas’ 28th district have a clear choice between a true people-powered candidate versus a corporate-backed incumbent who isn’t serving the needs of his constituents. Just take a look at the thousands of dollars in corporate PAC contributions my opponent received last quarter—you’ll see who he’s working for.”

Cuellar’s record on the environment matches his industry support. His votes in favor of oil and gas industry priorities have earned him a 42% lifetime score from the League of Conservation Voters, lower than the score received by several House Republicans.

In 2015, the congressman played a critical role in getting the ban on crude oil exports lifted. Working with former Republican Rep. Joe Barton, also of Texas, Cuellar convinced the Democratic House leadership to remain neutral on a bill to repeal the ban, not requiring their caucus members to vote no. “It would not have happened without Cuellar’s active leadership,” wrote Barton.

Cuellar was one of the first representatives to join the Congressional Oil and Gas Caucus, which fellow Blue Dog Rep. Filemon Vela (D-Texas) founded in 2017. Vela and the caucus “advocate the benefits of fully harnessing America’s natural resources” and “assure that there is support on this side of the aisle for the oil and gas industry.”

Meanwhile, U.S. oilnatural gas, and petroleum products exports continue to increase, and climate predictions get more dire.

“Things are getting worse,” said Petteri Taalas, Secretary General of the World Meteorological Organization. “It’s more urgent than ever to proceed with mitigation…The only solution is to get rid of fossil fuels in power production, industry and transportation.”

“It’s simple: If people like Cuellar keep calling the shots on climate policy, it’s a death sentence for millions of people in the U.S. and around the world,” said O’Hanlon. “The latest UN climate reports are clear—to stop the worst of climate change, we need to stop expanding fossil fuel infrastructure immediately, but Cuellar continues to push for the exact opposite at the behest of his big donors. 

The Green New Deal resolution from Ocasio-Cortez and Sen. Ed Markey (D-Mass.), which Cisneros supports, is designed to create millions of jobs in the energy sector. It establishes a federal job guarantee and “high-quality union jobs that pay prevailing wages, hires local workers, offers training and advancement opportunities, and guarantees wage and benefit parity for workers affected by the transition.” Sen. Bernie Sanders’ (D-Vt.) Green New Deal plan claims it will create 20 million jobs through a “just transition” for fossil fuel workers that will “guarantee five years of a worker’s current salary, housing assistance, job training, health care, pension support, and priority job placement for any displaced worker, as well as early retirement support for those who choose it or can no longer work.”

Still, Cuellar campaign spokesperson Colin Strother calls the Green New Deal “a farce and a fairy tale,” emphasizing that oil and gas jobs in the 28th District, which sits atop a major shale gas formation, are essential. “For us it’s a really, really different calculus when so many jobs are on the line,” he told Sludge.

“We tend to be more focused on the environment versus the climate,” Strother said, meaning Cuellar is more concerned with clean rivers, air, and wildlife than with preventing more greenhouse gases from entering the atmosphere. 

Strother told Sludge that Cuellar believes “110%” that humans cause climate change and the oil and gas industry is worsening it. Cuellar has supported some wind and solar projects but takes an “all-of-the-above” approach to energy, entertaining modest climate remedies favored by some Republicans, such as carbon capture technology, that don’t restrain oil and gas production and combustion. Strother said “the energy companies need to spend [more] on getting better at how they explore and how they remediate and how they protect the environment in the process of their delivery.”

Strother claims that eliminating fossil fuel jobs would “take that money away from schools.” But he said that he and Cuellar have never discussed the potential costs of mounting climate change, which will include remediating devastating environmental destruction, treating people’s increased health problems, and massive infrastructure spending. One peer-reviewed analysis predicts that climate change could end up costing the U.S. economy hundreds of billions of dollars per year.

Asked if there would ever come a time when climate destruction in his district could prompt Cuellar to acknowledge the need to prevent more carbon and methane from entering the atmosphere, Strother said, “I don’t know. It’s not a topic that he’s an expert in.” 

“Cuellar and politicians like him on both sides of the aisle aren’t just deeply out of touch with Democrats, they’re deeply out of touch with the reality of the crisis,” said Rojas, who, like Cisneros, is in her mid-twenties and is one of many young progressives who look into the future and feel the urgency of the present. “Corporate and fossil fuel lobby money has corrupted our political system and endangered the health and safety of our communities and planet.”

A Private Prison Favorite

While Cuellar is a magnet for fossil fuel donations, his biggest donor this cycle isn’t in the energy business. Executives and the PAC of private prison giant GEO Group have combined to give over $46,000 to Cuellar’s campaign and leadership PAC this year. Few donors have given to the leadership PAC, Texas First PAC, this year, but those who have include GEO Group CEO George Zoley, the GEO Group PAC, and an executive of Killam Oil Company, which is based in Cuellar’s district.

As with the oil and gas industry contributions, the Cuellar campaign’s $36,200 from the GEO Group PAC and employees this cycle makes Cuellar the biggest recipient of GEO Group donations in the House.

GEO Group operates at least one facility in Texas’ 28th Congressional District, which contains nearly 300 miles of land bordering Mexico: the Rio Grande Processing Center in Laredo. The company’s Central Regional Office is located in San Antonio, some of which is part of the district. 

CoreCivic, a GEO Group competitor, operates its Webb County Detention Center and Laredo Processing Center in Cuellar’s district as well. The Tennessee-based company had not donated to Cuellar’s 2020 campaign as of Sept. 30 of this year, but it has consistently done so in past election cycles.

Cuellar has defended his GEO Group donations and offered support for the private prison industry. “Because ICE does not own detention centers, they rely upon private contracted facilities to accommodate the large population of adult criminal aliens,” he told this author last year for TYT. “Without them, rapists, murderers, and other offenders would not be incarcerated and instead present a clear threat to our communities.”

The Cuellar campaign website promotes his role in securing additional funding for U.S. Customs and Border Protection, often the first government agency that undocumented immigrants and asylum seekers encounter, which will pay for 600 new officers, “innovative non-intrusive imaging equipment and additional canine teams.”

Cisneros has called on her opponent to donate the money his campaign has received from private prison PACs to organizations that help immigrant communities.

In addition to fossil fuel and private prison donations, the Cuellar campaign received numerous contributions from the PACs of companies in an array of industries, including the automotive, defense, finance, fast food, health insurance, payday lending, pharmaceuticals, and tobacco industries.

Establishment Sticks With Cuellar

“Nothing has been more wholesome for the politics and the government of our country than the increased participation of women,” wrote House Speaker Nancy Pelosi in her 2008 book, “Know Your Power: A Message to America’s Daughters.”

Despite Cuellar’s policy positions that disgust much of the Democratic coalition, Pelosi, Rep. Cheri Bustos (D-Ill.), and the Democratic Congressional Campaign Committee (DCCC), which Bustos leads, are sticking with him. The establishment is backing all incumbent Democrats, also including another conservative abortion opponent, Illinois Rep. Dan Lipinski, who also has a progressive woman challenger.

The DCCC’s own fundraising disclosures reveal that it relies on many of the same corporate interests that have helped Cuellar amass a more than $3.2 million campaign warchest. Sludge and Maplight have reported on the numerous corporate lobbyist bundlers who represent health care and fossil fuel companies and provide the organization with tens of thousands of dollars worth of checks each month.

The DCCC is so committed to supporting incumbents that in March it established a blacklist policy for political consultants. Any consultant or firm that contracts with an incumbent representative’s primary challenger will be cut off from party-directed business.

The policy has hurt progressive challengers, often women, and taken business away from sympathetic consultants.

“Cuellar votes like a Republican. He takes fossil fuel PAC money like a Republican. It’s absurd that Democratic leaders are standing by Cuellar when there is a clear alternative: a young woman of color running on progressive values,” said O’Hanlon. “It gets to the root of why the Democratic establishment has failed our generation: They are more concerned with making big donors comfortable than helping out working people who are struggling.”

The DCCC’s support for incumbents such as Cuellar and Lipinski “says that we have a long way to go in ridding the Democratic Party of the influence of corporate money in our democracy,” said Rojas. “It also says that Democratic leadership is deeply out of touch with what the base of the party actually wants—which are solutions that match the scale, scope, and urgency of the crisis facing us.”

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Life of graduates: when your employer is also your owner https://20thcvetsmem.org/life-of-graduates-when-your-employer-is-also-your-owner/ https://20thcvetsmem.org/life-of-graduates-when-your-employer-is-also-your-owner/#respond Thu, 11 Mar 2021 06:15:02 +0000 https://20thcvetsmem.org/life-of-graduates-when-your-employer-is-also-your-owner/ This is the second in a series of opinion pieces published by the Stanford Solidarity Network detailing the impacts of the COVID-19 pandemic on graduate students. Read the first here. There was only one mention of graduate students in Stanford President Marc Tessier-Lavigne’s report most recent update on “Our Next Steps” – that the administrators […]]]>

This is the second in a series of opinion pieces published by the Stanford Solidarity Network detailing the impacts of the COVID-19 pandemic on graduate students. Read the first here.

There was only one mention of graduate students in Stanford President Marc Tessier-Lavigne’s report most recent update on “Our Next Steps” – that the administrators “have delayed the housing lottery until we have more visibility on the evolution of the orders of shelters in place of the county”. If we’re lucky, all graduate students will have a place to live in the next school year. May be.

This week’s editorial will take a closer look at one of the biggest financial challenges facing graduate students and explain how the COVID-19 crisis is exacerbating the already difficult housing situation. We highlight testimonials from graduate students that reflect the urgent need for more affordable housing support from Stanford.

The cost of living at Stanford

Housing is one of the main sources of anxiety for graduate students. It’s expensive: For many, rent can eat up nearly half of every salary. Graduate students who travel during the summer for research opportunities are stuck in their housing contracts and forced to find a sub-letter – and accept the losses when they can’t find one. When the new Escondido Village Graduate Residences complex opens initially scheduled for this summer, rent is expected to increase by 16% across all graduate housing options for the 2020-21 school year, while the availability of ‘affordable housing ”(Ie housing that costs less than 30% of income) will decrease by 80%. We made this calculation in a simpler time when we worried about having homes without the threat of a global pandemic. You can see the full breakdown here.

Despite Stanford’s alleged concerns about the affordability and training of the Affordability Working Group, the number of graduate housing costing less than 40% of income will also decrease by 32% from the previous year, while the availability of housing costing 40-60% of income is expected to increase by 119%. For reference, the US Department of Housing and Urban Development found that those who spend more than 30% of their income on housing are considered to be burdened with costs and may have difficulty paying for necessities such as food, clothing, transportation and medical care. This is the reality for almost every graduate student living in college accommodation with a graduate scholarship while teaching classes, conducting research and trying to make ends meet in the Bay Area.

When we circulated the University-wide graduate student petition Calling on the administration to take action to protect the most vulnerable members of the graduate student community and to respond to the looming long-term threats of the pandemic to graduate students, we asked signatories to anonymously share personal stories about how the crisis impacted their lives. We received nearly 30 pages of testimonials. They are all unique, but the situations they relate to seem familiar.

I will not have summer funding and will have to use up my personal savings to stay in the bay. I have nowhere to go because my closest family is immunocompromised. The progress of my research is delayed because my partners in my study community do not hold the meetings where I virtually share the progress of my work. I am deeply anxious and scared.

Multiplying concerns: COVID-19 x housing on campus

The struggle to afford to pursue a doctorate. at Stanford is well documented. When most of the monthly income is spent on rent, the money to cover unforeseen expenses quickly evaporates. The high prices of graduate housing combined with the high cost of health care coverage for dependents place a significant burden on students with spouses and families. We spent over a year defending more equitable health care options for families of graduate students, and the COVID-19 crisis has multiplied unexpected costs, such as the materials needed to continue researching and teaching remotely, book purchases due to the closure of libraries and supplies extra to care for and teach children. Expecting these “unexpected” expenses is quickly becoming the new normal for graduate students – but the limited budgets of our scholarships and academic assistantships offer little flexibility to make adjustments.

Our two standard options for dealing with emergency expenses are either 1) to bear the costs ourselves up front and then hope that funding such as the Emergency grant could reimburse us for it, or 2) request a cash advance on our salaries. The first option carries the risk of being denied an application after spending the money. The description of what the grant covers is vague and there is little recourse when a request for funding is refused. The second option is a little more than kicking the box when our bank accounts are dry. While a cash advance can work effectively to cover common cash flow issues, such as paying for flights and accommodation to attend a conference when it is reimbursed months later, expenses related to COVID- 19 threaten to quickly exhaust any reserves of savings that we may have. . Of course, some graduate students have a financial safety net (be it independent savings, family support, a working spouse), which is the invisible dividing line that runs through the entire graduate community. Those who do not – the most vulnerable among us – are now even more exposed to financial risk.

[The pandemic] cost me the most financially because I went to the east coast to be with my family during that time (and also to escape the hotbed of the virus in California). However, it is very painful that I am still paying a huge portion of my rent allowance right now because I cannot get my things out of my apartment in Stanford. Ideally, I would end my housing contract, but I don’t know what would happen to all of my stuff. And I do not‘t want to lose priority when returning to campus (hopefully in the fall).

Housed or homeless – strangers abound

In a University-wide graduate student petition, graduate students have asked for an economic hardship relief from housing costs on and around campus. Here are some of the most pressing housing concerns that Stanford has yet to address:

  • The University said students who left campus housing before March 30 may retain housing priority. Will all students who leave after this date lose their priority? Does this oblige students to keep their housing contract during the summer?
  • Most doctoral programs offer a smaller allowance during the summer because students spend the summer elsewhere and sublet their apartments on campus. It will not be possible to do this during the summer due to the pandemic. How are students supposed to make ends meet when locked into expensive housing deals?
  • Stanford is asking students who need financial help with moving expenses to take on more debt through a Graduate housing loan up to $ 6,000 to cover moving expenses, security deposits and the first month’s rent. Students must repay this loan six months after the end of their enrollment at an interest rate of 5%.
  • For years, Stanford has planned to move more than 2,000 graduate students from subsidized off-campus housing to Escondido Village graduate residences. Before the pandemic, those moves were due to take place in the summer of 2020. Now that the housing lottery has been delayed, students in off-campus housing are left in limbo. Will students have to move in the fall to take classes and teach? And for students who have moved out of their off-campus apartments due to affordability concerns related to COVID-19, where will they go back? It is impossible to plan for the financial and emotional drain of the move.

Getting through the crisis: a precarious calculation

Although our university departments and the housing office are worlds apart within the fractured structure of the University, for us, our employer and our landlord are one. The University divides its financial considerations for graduate students into two distinct markets. On the one hand, the job market for graduate students and on the other, the Bay Area housing market. While the wage and rent rates may seem reasonable when considered independently, the reality is this: Stanford fixes our annual income, as well as the price of our most expensive monthly expenses (rent), and tries to make a living. with what little is left after rent and taxes is a difficult juggling act.

With the level of wealth that Stanford enjoys, we should aim to do better than a situation where financially well-off graduate students are pre-packed with the means to succeed, while those in more difficult circumstances face financial hardship. important issues and their effect on their research and graduation progress. By compounding existing demands on our energy and finances, COVID-19 will have dire consequences for graduate students, although many of these consequences will not materialize until later.

For this reason, we are looking at this point for a clear articulation of Stanford support: that all graduate students will be funded by the current crisis this summer, and have the most existential issues – housing and health insurance – directly addressed as the situation continues to develop and the summer term, in just six weeks’ time, ends. close.

Le Quotidien is committed to publishing a variety of opinion pieces and letters to the editor. We would love to hear your thoughts. Email to editor for [email protected] and opinion pieces at [email protected]

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Costco Anywhere Visa Business Card by Citi Review https://20thcvetsmem.org/costco-anywhere-visa-business-card-by-citi-review/ https://20thcvetsmem.org/costco-anywhere-visa-business-card-by-citi-review/#respond Thu, 11 Mar 2021 06:15:02 +0000 https://20thcvetsmem.org/costco-anywhere-visa-business-card-by-citi-review/ Full Costco Anywhere Visa Business Card Review by Citi Advantages Generous cash back rewards on gasoline purchases Strong travel rewards The inconvenients Use of rewards is limited and infrequent Costco membership is required and a questionable purchase for business purchases only Benefits explained Generous cash back rewards on gasoline purchases: With 4% cash back earnings […]]]>

Full Costco Anywhere Visa Business Card Review by Citi


Advantages

  • Generous cash back rewards on gasoline purchases

  • Strong travel rewards

The inconvenients

  • Use of rewards is limited and infrequent

  • Costco membership is required and a questionable purchase for business purchases only


Benefits explained

  • Generous cash back rewards on gasoline purchases: With 4% cash back earnings on gasoline purchases, the Citi Costco Anywhere Visa Business Card offers one of the best reward rates now available on gasoline. And while there is a cap on purchases qualifying at this rate, the limit of $ 7,000 per year, or $ 583 per month, should allow your business to purchase a lot of gasoline each month at the rate of $ 4. %.
  • Solid travel rewards: For a card that isn’t billed like a business travel card, the Costco Anywhere Visa Business has surprising strength in dining and travel rewards. With 3% cash back, the card’s earnings in these categories compare favorably to cards like Chase Ink Business Preferred, which offers 3 points per travel dollar. And those rewards, like the 4% cash back on gasoline purchases, apply worldwide. On the flip side, when it comes to travel perks like rental car insurance, this card has little or no of it, which means it probably shouldn’t be the only card in your wallet when shopping. ‘a business trip.


Disadvantages Explained

  • Use of rewards is limited and infrequent: While some cash back business cards can be used in more than one way, the Costco Anywhere Visa Business card only has one and requires a visit to a Costco store. Rewards are issued as a credit card certificate that you redeem for merchandise or cash back at Costco warehouses in the United States. Plus, where almost every other cash back card gives out rewards at least quarterly, this card makes you wait up to a year to receive your money back. Costco credit card reward certificates are only issued annually.
  • Costco membership is required: If you already frequent Costco as a consumer, this stipulation will not be a burden; a personal membership qualifies you for this business card, provided you meet all other conditions. If, however, you are not a member, you will need to pay $ 60 (or $ 120 for an executive membership) to join the club.
  • So-So Rewards on Corporate Purchases: Do your homework before getting a Costco membership primarily for corporate purchases, especially if those don’t include gasoline, which earns you a special cashback. While Costco prices on office supplies may be lower than elsewhere, and the 2% cashback on the card lowers them even more, you might get better reward rates with another card, including another Visa card, which could also be used for payment at Costco. For example, the Chase Ink Business Cash, a Visa card, offers 5% cash back on the first $ 25,000 of combined purchases at office supply stores and on Internet, cable and telephone services each year.


The Citi Costco Anywhere Visa Business card is best suited for business owners who will be spending heavily on the card’s most rewarding categories: gas, food, and travel. This helps if the business owner already has a Costco membership for personal reasons, as it reduces the prerogative to justify the cost of the membership from rewards on business purchases only. Although the card does not have any travel benefits, it is also a good choice for purchases abroad. Where many cards restrict premiums for gasoline in the United States, the Costco Anywhere Visa Business card offers its 4% rate for purchases worldwide, where, with generally higher gasoline prices, the cash back could easily be 20 cents or more per gallon. The 3% rate on catering and travel costs also applies internationally. The Costco Anywhere Visa Business also does not charge an overseas transaction fee, which is useful not only for overseas travel, but also for placing orders from the United States to overseas suppliers.


Reward Details

The Citi Costco Anywhere Visa Business Card provides the following tiered rewards by category:

  • 4% cash back on gas worldwide, including Costco gas
  • 3% cash back in restaurants and when traveling
  • 2% Cash Back at Costco and Costco.com stores
  • 1% cash back on all other purchases

The rewards are unlimited at the 3%, 2% and 1% levels; the more you spend on your business, the more cash back you can earn. If you typically spend $ 2,000 a month on meals and travel, for example, you could earn $ 720 a year in cash back.

The rewards for gasoline, however, are limited to earning the 4% cash back rate on the first $ 7,000 of gasoline purchases each year. After that, your rewards on gas transactions drop to the default level of 1% cash back until the start of your new account’s anniversary year.

So to put that in perspective, let’s say you hit the spending limit of $ 7,000 in the first seven months of the year. You would earn $ 280 in cash back for these purchases. If you continued to spend $ 1,000 per month for the remaining five months of the year, you would only earn an additional $ 50 cash back on that additional $ 5,000 in gasoline expenses.


Details on how to use rewards

This card is a little different when it comes to redeeming its rewards, and not really in a good way. Most other business cards allow frequent or even continuous redemptions throughout the year; Capital One Spark Cash, for example, lets you redeem rewards whenever you want, regardless of the amount.

Citi’s Costco Anywhere Visa Business card, on the other hand, only gives cash back once a year, after your February billing statement closes. This means that all cash back rewards earned for the previous year are given to you at once. The reward certificate must then be redeemed for cash back or merchandise by visiting a Costco warehouse in the United States

Even using the online rewards at Costco.com requires a visit to a warehouse to redeem the certificate for a Costco Shop card that can be used in the online store.

Receiving rewards each year might encourage you to invest the amount, for example, rather than spending it. But it also means that you might have to wait months to receive rewards, during which time you could have used that money. And the redemption could be further delayed until you have time and need to visit a Costco warehouse, as these are the only places your reward certificate can be redeemed.


How to Maximize Your Rewards

Making the most of your rewards earned with this card is like spending strategically. The more you spend, the more rewards you can earn. Here is a comparison of two different spend profiles to give you an idea of ​​the earning potential of your rewards.


Average case

Let’s say you run a business with no employees. Your typical annual expenses might look like this:

  • $ 1,000 on gas
  • $ 5,000 on restaurants and travel
  • $ 6,000 on Costco purchases
  • $ 5,000 on miscellaneous purchases

Your total cash back rewards would then be added to these totals:

  • $ 40 on gas
  • $ 150 on restaurants and travel
  • $ 120 on Costco purchases
  • $ 50 on all other purchases
  • Total Cash Back Earned: $ 360

These are acceptable rewards, corresponding to an average cashback rate of 2.1%, which is slightly higher than what you would get with Capital One Spark Cash (2%) and much more than what you would get with Chase Encre Business Cash Unlimited (1.5%).

Ambitious case

Now suppose your business has a number of employees in addition to yourself, and your annual expenses look more like this:

  • $ 7,000 on gas
  • $ 10,000 on restaurants and travel
  • $ 12,000 on Costco purchases
  • $ 5,000 on miscellaneous purchases

Your total cash back rewards would add up as follows:

  • $ 280 on gas
  • $ 300 on restaurants and travel
  • $ 240 on Costco purchases
  • $ 50 on all other purchases
  • Total Cash Back Earned: $ 870

These rewards result in a 2.5% reward rate, which meets or exceeds what most other business cards would offer on such a diverse range of purchases. This percentage underscores how most rewarding this card is if you spend up to, or near, the $ 7,000 per year cap on gasoline purchases. The 4% cash back rate is way above what you can get with other business cards that offer gas rewards, and even improves over most dedicated gasoline credit cards. ‘gasoline.


Costco Anywhere Visa Business Card by Citi Standard Benefits

The Citi Costco Anywhere Visa Business credit card shares these benefits with most other business cards:

  • Protection of purchases against damage and theft: This benefit covers you for repairs or a refund if purchases made with your card are damaged or stolen within 120 days or purchase or 90 days for New York residents.


Cardholder experience

Citi ranked sixth out of 11 national card issuers in JD Power’s 2020 U.S. Credit Card Satisfaction Survey. Citi’s score was below average.

Customer service is available over the phone if you have any questions or need help with your account. Help is available seven days a week and you can also manage your account online or through the Citi mobile app.


Security functions

This card includes standard security features, including chip technology. You can also set up account notifications and alerts to manage your transaction history and monitor suspicious or potentially fraudulent activity.


Fees to watch out for

The only real fees you should know about are the Costco membership fees that you have to pay to maintain your credit card account. You can set up your membership so that fees are automatically billed to your card each year. Please be aware that if you do not pay your Costco membership fee, Citi reserves the right to cancel your card account.


Our verdict

The main draw to businesses of Citi’s Costco Anywhere Visa Business credit card is its exceptional 4% discount on gasoline purchased anywhere, even outside of the United States (although smaller, larger businesses can be limited by the card’s annual limit of $ 7,000 on spending that earns these rewards). It also works quite well as a full travel card, with 3% rewards on travel and dining expenses. The card also saves 2% on office supplies and other business purchases at Costco. That said, shop around. Other business cards can be as rewarding, or more rewarding, when it comes to loading office supplies, with more flexibility as to where they are purchased.


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Bupa bills some health insurance customers twice https://20thcvetsmem.org/bupa-bills-some-health-insurance-customers-twice/ https://20thcvetsmem.org/bupa-bills-some-health-insurance-customers-twice/#respond Thu, 11 Mar 2021 06:15:02 +0000 https://20thcvetsmem.org/bupa-bills-some-health-insurance-customers-twice/ If you are at Bupa and withdraw your premiums directly, be sure to verify your bank account. A direct debit default led to 50,000 Bupa customers who pay with their credit cards double billed for their health insurance premiums last week. Bupa apologized for the error, which occurred on June 4, saying all affected customers […]]]>

If you are at Bupa and withdraw your premiums directly, be sure to verify your bank account.

A direct debit default led to 50,000 Bupa customers who pay with their credit cards double billed for their health insurance premiums last week. Bupa apologized for the error, which occurred on June 4, saying all affected customers should have been contacted and reimbursed for their premiums by June 11, 2019.

Although the error should have been corrected yesterday, it is worth opening your banking app, checking online, or visiting a branch to make sure the wrong charges have been waived.

Pay for health insurance with a credit card

While pay your private health insurance using a direct debit from your credit card can be convenient, you should always check if your card provider classifies the health insurance payment as a purchase or as a cash advance. If your card provider classifies rewards as a cash advance, you may want to consider debiting the payment directly from your savings accounts to avoid high cash advance rates.

If you are doing a direct debit of your health insurance premiums, you might also want to see how your current policy compares to that of a health fund that offers discounts to members who do direct debit. While you’re at it, you can double down and look for one that also offers annual payout discounts.

With the end of year Also comes the deadline for those who turned 31 in the last year to purchase hospital coverage or be subject to Lifetime Health Coverage (LHC) loading, many health insurance funds organize promotions in an attempt to win your customers over with the promise of offers on health coverage.

Compare your health insurance options today

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The latest health titles

Image: Shutterstock


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Bills lineman Lotulelei withdraws from the season | https://20thcvetsmem.org/bills-lineman-lotulelei-withdraws-from-the-season/ https://20thcvetsmem.org/bills-lineman-lotulelei-withdraws-from-the-season/#respond Thu, 11 Mar 2021 06:15:02 +0000 https://20thcvetsmem.org/bills-lineman-lotulelei-withdraws-from-the-season/ The Buffalo Bills will be without defensive forward Star Lotulelei this season. The Lotulelei, 31, will voluntarily step down for the 2020 season, removing the valuable race tamper from the Bills’ defense midfield, the team confirmed on Tuesday. Meanwhile, the team also announced that second-year tight end Tommy Sweeney will start the season on the […]]]>

The Buffalo Bills will be without defensive forward Star Lotulelei this season.

The Lotulelei, 31, will voluntarily step down for the 2020 season, removing the valuable race tamper from the Bills’ defense midfield, the team confirmed on Tuesday.

Meanwhile, the team also announced that second-year tight end Tommy Sweeney will start the season on the active / physically unable to perform roster due to a foot injury.

Lotulelei’s departure leaves Vernon Butler, a Carolina free agent, and Harrison Phillips, the third-year veteran who injured his knee, as the top players on the depths table at the nose tackle position. Ed Oliver is the starter at the other defensive tackle post.

Lotulelei restructured the last three years of his contract in February, which essentially reduced the chances of him falling victim to a salary cap in 2020 and 2021. By taking a voluntary opt-out option, Lotulelei will receive a payment of 150,000 $ this year, which will be taken from his salary next season. This is a cash advance, under terms negotiated by the NFL and the players’ union last week to account for the coronavirus pandemic.

He was due to receive a guaranteed base salary of $ 4.5 million this year and a guarantee of $ 2.5 million in 2021. NFL players will not lose any guaranteed money in their contracts under the new terms of the collective agreement. But this guaranteed money will be carried over to 2021 and 2022.


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Entry-level card for all Miles beginners https://20thcvetsmem.org/entry-level-card-for-all-miles-beginners/ https://20thcvetsmem.org/entry-level-card-for-all-miles-beginners/#respond Thu, 11 Mar 2021 06:15:01 +0000 https://20thcvetsmem.org/entry-level-card-for-all-miles-beginners/ A great starter card for beginners who are just starting to run after miles, the AMEX KrisFlyer card offers welcome miles, a high mileage earning rate on Grab routes, and compelling reasons to spend on Singapore Airlines. The American Express Singapore Airlines KrisFlyer Credit Card (AMEX KrisFlyer), sometimes more affectionately known as the AMEX KrisFlyer […]]]>

A great starter card for beginners who are just starting to run after miles, the AMEX KrisFlyer card offers welcome miles, a high mileage earning rate on Grab routes, and compelling reasons to spend on Singapore Airlines.

The American Express Singapore Airlines KrisFlyer Credit Card (AMEX KrisFlyer), sometimes more affectionately known as the AMEX KrisFlyer Blue card, is a good entry-level airline miles card if you’re looking for an easy way to earn KrisFlyer miles. with every expense.

A card co-branded by Singapore Airlines, it is automatically linked to the Singapore Airlines Frequent Flyer program. This means that there are no mileage conversion fees incurred and no inconvenient conversion process or conversion blocking.

What the AMEX KrisFlyer credit card can do for you

AMEX KrisFlyer Card Product Summary:

  • Local expenses: 1.1 KrisFlyer miles for every $ 1 spent

  • Expenses abroad: 2 KrisFlyer miles for every $ 1 spent abroad on qualifying purchases in June and December

  • Income requirement: $ 30,000 (Singaporeans / PR), $ 60,000 (foreigners)

  • Minimum age: 21

  • Annual subscription : $ 176.55 (first year canceled)

Advantages

The inconvenients

5,000 bonus miles on the first credit card transaction

Low earning rate of 1.1 mpd for local spending and 2 mpd for overseas spending applicable in June and December only

Automatic transfer of miles to your KrisFlyer account free of charge

Annual fees waived only for the first year

Win 2 mpd on singaporeair.com, SingaporeAir mobile app and KrisShop purchases (in-flight and online)

No fringe benefits such as free access to the airport lounge

3.1 mpd on Grab races, capped at $ 200 per calendar month

Free upgrade and 12,000 bonus KrisFlyer miles to AMEX Ascend credit card when you spend $ 10,000 in the year

Apply now

Why choose the AMEX KrisFlyer credit card?

# 1: Generous welcome bonus miles

Most credit card providers offer an additional reward to newly approved cardholders, but what sets AMEX KrisFlyer apart are its welcome bonus miles. As a new AMEX Singapore Airlines credit card applicant, you receive 5,000 KrisFlyer miles the very first time you charge the card – it’s that simple!

You also receive 5,000 additional KrisFlyer miles with a minimum spend of $ 3,000 in your first three months.

# 2 For the love of Singapore Airlines

Earn 2 mpd on qualifying purchases made on singaporeair.com, the SingaporeAir mobile app and KrisShop (in-flight and online). What makes this offer a cut above the rest is the unlimited functionality that doesn’t limit the miles you can earn. There is also no conversion fee as KrisFlyer miles are credited directly to your KrisFlyer member account.

If you spend a lot, you receive $ 150 back on your next purchase on singaporeair.com when you spend at least $ 12,000 on qualifying purchases with your card between July 1, 2020 and June 30, 2021.

# 3 speed up your mile run with your grab runs

Earn 3.1 KrisFlyer miles for every $ 1 spent on Grab races, capped at $ 200 each calendar month with no minimum amount required. This works out to 7,400 KrisFlyer miles per year if you spend the maximum of $ 200 on Grab rides each month. You also get 500 bonus KrisFlyer miles on Grab for your first Grab reservation.

# 4 For those who watch the AMEX KrisFlyer Ascend menu

The AMEX KrisFlyer Ascend card gives you four free lounge passes and an overnight stay at a Hilton property. However, it takes an annual income of $ 50,000 for Singaporeans to apply. With the AMEX KrisFlyer card, you can earn a free upgrade to the AMEX Ascend card, even if you don’t earn $ 50,000 per year. All you need to do is be an AMEX KrisFlyer card holder for at least nine months and spend a minimum of $ 10,000 over 12 consecutive months.

Plus, you can receive a 12,000 KrisFlyer Miles bonus when you upgrade to the KrisFlyer Ascend credit card!

Exclusive SingSaver Offer: Receive a set of Apple AirPods with charging case (valued at $ 239) when you make a minimum spend of $ 500 in the first month after card approval. Valid until February 28, 2021. General conditions apply. Apply now!

Apply now

Who is the best AMEX KrisFlyer card for?

The AMEX KrisFlyer credit card is best for those looking to jumpstart their miles journey, or those who don’t plan on flying on anything other than our national carrier, Singapore Airlines. A good starter card that ticks all the boxes of a beginner’s miles card, the AMEX KrisFlyer card comes with solid mileage bonuses and is for those looking to upgrade to the AMEX KrisFlyer Ascend card.

What fees or charges should you pay attention to?

  • Annual subscription : $ 176.55 (first year canceled)

  • Late payment fees: $ 90 per month

  • Minimum monthly payment: 3% of current balance or $ 50, whichever is greater, plus any overdue amount

  • Interest on purchases: 26.90% pa compounded if payment of the closing balance on your statement is not made in full; or 29.99% pa in the event that your account has three or more defaults and / or one that remains unpaid for two or more consecutive months in the last 12 months

  • Interest on cash advance: 26.90% pa compounded daily from the date of withdrawal until the withdrawal amount and related fees are paid in full

Eligibility criteria

  • At least 21 years old

  • Minimum annual income for Singaporean citizens and PRs: $ 30,000

  • Minimum annual income for foreigners: $ 60,000

How to register?

Click the “Apply Now” button on this page and complete the application form on the SingSaver website. You may need to prepare the following documents for the application process:

  • Front and back of the NRIC / Passeport / Employment Pass

  • Employees: CPF declaration for the last 12 months (Singaporean / PR) or last notice of income tax assessment and last original computerized payslip

  • Self-employed worker: last notice of income tax assessment and last original computerized payslip

Read this next:
American Express Singapore Airlines KrisFlyer Ascend Review: A Touch of Luxury for Miles Runners
Best American Express Credit Cards in Singapore (2020)
American Express True Cashback Card Review (2020): 1.5% Cash Back on Just About Everything
Best Air Miles Credit Cards in Singapore (2020)
6 credit cards that give free access to airport lounges

The post office Amex KrisFlyer credit card review: entry-level card for all newbies appeared first on SingSaver Blog – We Compare, You Save.


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Steve Cohen tries to tell Mets fans that GameStop isn’t his Madoff moment https://20thcvetsmem.org/steve-cohen-tries-to-tell-mets-fans-that-gamestop-isnt-his-madoff-moment/ https://20thcvetsmem.org/steve-cohen-tries-to-tell-mets-fans-that-gamestop-isnt-his-madoff-moment/#respond Thu, 11 Mar 2021 06:15:01 +0000 https://20thcvetsmem.org/steve-cohen-tries-to-tell-mets-fans-that-gamestop-isnt-his-madoff-moment/ Mets fans got nervous this week when majority owner Steve Cohen’s hedge fund disbursed $ 750 million to help cover the losses of another fund as part of the GameStop / Reddit / WallStreetBets stock contraction. The bailed-out fund went bankrupt anyway. Is this a return to the bad old days of the Wilponzi? Will […]]]>

Mets fans got nervous this week when majority owner Steve Cohen’s hedge fund disbursed $ 750 million to help cover the losses of another fund as part of the GameStop / Reddit / WallStreetBets stock contraction. The bailed-out fund went bankrupt anyway.

Is this a return to the bad old days of the Wilponzi? Will Cohen have to dump his paycheck if he finally loses his shirt on the failed shorts? Cohen had a simple response on Twitter Tuesday: Uh, no.

When asked if Cohen’s Point72 Asset Management cash advance to Melvin Capital would ‘affect’ the team’s payroll, Cohen responded:

Cohen, whose estimated personal wealth of $ 14 billion is thrown away as if he was going to pay players out of his own pocket, essentially reminded fans that the Mets and Point72 operate with separate piles of cash.

FOLLOWING: Francisco Lindor Commercial Ranks

But it’s understandable that fans think Cohen had a Bernie Madoff moment when he transferred three-quarters of a billion dollars to Melvin Capital, which is run by Gabe Plotkin, a former Cohen employee, in exchange for a ” uncontrolled income share “. in Plotkin’s business. Another company threw an additional $ 2 billion at Melvin to save him. That money, and billions more, disappeared on Tuesday as GameStop’s stock price continued to soar. Now, Melvin Capital is reportedly declaring bankruptcy as early as next week.

As fans know too well, the former Mets majority ownership – Fred Wilpon and Saul Katz – had huge cash flow problems for years after being stung by Madoff’s Ponzi scheme.

There was some comfort on Wednesday when the Mets reportedly agreed to a one-year major league contract with free agent left-handed reliever Aaron Loup. The club have made four main free agent additions this offseason under Cohen: Wolf, James McCann, Trevor May and Jose Martinez. He’s also in the running for right-hander free agent Trevor Bauer, whose salary will eclipse the combined hold of those four, and they’re still looking for a full-time center fielder like Jackie Bradley Jr.

Additionally, there was the trade for Francisco Lindor and Carlos Carrasco, who will earn around $ 34 million combined in 2021.

The Mets Competitive Balance Tax payroll was estimated at $ 182.9 million, well below the $ 210 million tax threshold, before the Wolf deal. by crib contracts. (UPDATE: The Mets cut that amount by $ 5.2 million later Wednesday by trading southpaw Steven Matz to the Blue Jays.) Bauer will definitely take them across that line. It’s a pretty good indication that Cohen isn’t afraid of losing pennies like Wilpon and Katz did.


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The cash advance program does not allow credit approval for credit card cash advances, merchant cash advances https://20thcvetsmem.org/the-cash-advance-program-does-not-allow-credit-approval-for-credit-card-cash-advances-merchant-cash-advances/ https://20thcvetsmem.org/the-cash-advance-program-does-not-allow-credit-approval-for-credit-card-cash-advances-merchant-cash-advances/#respond Thu, 11 Mar 2021 06:15:01 +0000 https://20thcvetsmem.org/the-cash-advance-program-does-not-allow-credit-approval-for-credit-card-cash-advances-merchant-cash-advances/ Cash Advance Services | Cash advance services … it guarantees the approval of any business that has been in business for 6 months or more, with no credit checks or guarantees. Unique to all of the other cash advance programs we’ve seen before this. San Francisco, California (PRWEB) August 03, 2011 The widely publicized “100% […]]]>

Cash Advance Services | Cash advance services

… it guarantees the approval of any business that has been in business for 6 months or more, with no credit checks or guarantees. Unique to all of the other cash advance programs we’ve seen before this.

The widely publicized “100% Approval Cash Advance” program is spreading like wildfire among small businesses in the United States, allowing businesses to receive cash in advance on future sales without approved credit or even guarantee. More than 8,000 US businesses have become since its launch last week, announces Merchant Cash in Advance.

The popularity of Cash advance campaign has grown exponentially in less than 10 days, and it’s not hard to see why. It guarantees the approval of any business that has been in business for 6 months or more, with no credit checks or guarantees. Unique to all of the other cash advance programs we’ve seen before, this special cash advance service allows any business to repay the loan amount to its vendor over a 12 month period.

“There have always been various merchant cash advance programs, but the typical merchant cash advance models simply fail the majority of businesses. The idea behind a cash advance is to keep businesses alive while allowing healthy growth … most companies providing cash advances to merchants seemed to forget this. That’s why we allow a 12 month refund option with no restrictions or merchant processing changes, ”said Mark Quinones, founder of MerchantCashinAdvance.

Almost all Merchant cash advance the business in addition to MerchantCashinAdvance (in the US) is set to a repayment period of only 11 weeks, taking almost 45% of all income until the cash advance is paid in full. This recipe for destroying business is one more reason this new cash advance program has exploded in popularity in the United States.

Cash Advance Program: 877-875-0231

MerchantCashinAdvance.com

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Kwanzaa Black Power Unity asks Biden to grant reparations for slavery https://20thcvetsmem.org/kwanzaa-black-power-unity-asks-biden-to-grant-reparations-for-slavery/ https://20thcvetsmem.org/kwanzaa-black-power-unity-asks-biden-to-grant-reparations-for-slavery/#respond Thu, 11 Mar 2021 06:15:01 +0000 https://20thcvetsmem.org/kwanzaa-black-power-unity-asks-biden-to-grant-reparations-for-slavery/ Kwanzaa Black Power Unity asks Biden to grant reparations for slavery Image: The Belle Brezing Photographic Collection, 2003AV1, Special Collections, University of Kentucky. Kentuckiana Digital Library via University of Kentucy New York City group Kwanzaa Black Power Unity urges President-elect Joe Biden to take action to deliver repairs for slavery. Made up of community leaders, […]]]>
Kwanzaa Black Power Unity asks Biden to grant reparations for slavery Image: The Belle Brezing Photographic Collection, 2003AV1, Special Collections, University of Kentucky. Kentuckiana Digital Library via University of Kentucy

New York City group Kwanzaa Black Power Unity urges President-elect Joe Biden to take action to deliver repairs for slavery.

Made up of community leaders, activists and voters, Kwanzaa Black Power Unity mobilized for repairs in the Brooklyn neighborhood of Bedford-Stuyvesant on December 26. Kwanzaa Black Power Unity wants Biden to sign an executive order within the first 100 days to make a $ 50 billion down payment for black slavery repairs in the United States, according to News12NewJersey.

Other racial groups such as Japanese Americans have received reparations from the government, rally organizer Malik Callender said.

After the Japanese attack on Pearl Harbor on December 7, 1941, the United States officially entered World War II. President Franklin D. Roosevelt signed a decree which authorized the imprisonment of people of Japanese descent on the suspicion that they were acting as spies.

Over 100,000 people – two-thirds of whom were US citizens – were held in internment camps from 1942 to 1945. After a push for reparations that began in 1975 with the League of Japanese American CitizensPresident Jimmy Carter appointed a Commission on the Resettlement and Internment of Civilians in Wartime to investigate the camps.

In 1988, President Ronald Reagan enacted the Civil Liberties Act of 1988, which apologized for Japanese internment on behalf of the US government and authorized the payment of $ 20,000 to each surviving ex-internee. The U.S. government paid more than $ 1.6 billion in reparations to 82,219 Japanese Americans who had been interned, according to Densho Encyclopedia.

Kwanzaa Black Power Unity members say it’s time for repairs to finally get paid to Black Americas. The repairs, Callender said, could give the black community much-needed resources. “We saw what happened during the pandemic. Black Americans were disproportionately represented in terms of deaths, so we now have a serious health problem in our community, ”he said in a video shot by News12New Jersey. “The $ 50 billion down payment could be used to provide quality health services to our community.”

The group organized the rally in honor of the first day of Kwanzaa. Kwanzaa is celebrated annually by black Americans from December 26 to January 1.

Kwanzaa was created by a black American academic Maulana Karenga in 1966. Its name was inspired by the expression “matunda ya kwanza “ which means “first fruits” in the African language of Swahili. Kwanzaa, the party, did not exist in Africa.

Listen to GHOGH with Jamarlin Martin | Episode 73: Jamarlin martin Jamarlin explains why this is a multifactorial rebellion versus mere protests against George Floyd. He discusses the Democratic Party’s underhanded relationship with police in cities and states under Dem control, and why Joe Biden is a cop and the Steve Jobs of mass incarceration.

“Each day of Kwanzaa is dedicated to the celebration of seven core values of African culture or the “nguzo saba” which in Swahili means the seven principles. These are translated: unity, self-determination, collective work and responsibility, cooperative economy (creating black businesses), objective, creativity and faith ” The conversation reported.

Each day of Kwanzaa, a candle is lit to celebrate each of these principles. On the last day, a black candle is lit and gifts are offered. Kwanzaa gained in popularity, so much so that the problems of the US Postal Service Kwanzaa Stamps.


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Discover removes fees on chequing, savings and money market accounts https://20thcvetsmem.org/discover-removes-fees-on-chequing-savings-and-money-market-accounts/ https://20thcvetsmem.org/discover-removes-fees-on-chequing-savings-and-money-market-accounts/#respond Thu, 11 Mar 2021 06:15:01 +0000 https://20thcvetsmem.org/discover-removes-fees-on-chequing-savings-and-money-market-accounts/ Bank accounts have traditionally come with sneaky fees that can add up quickly – think overdraft fees, monthly maintenance fees, and more. Now, more and more banks are looking to attract customers used to getting free services, with Discover the latest to join the game at no cost. Discover today announced that it has removed […]]]>

Bank accounts have traditionally come with sneaky fees that can add up quickly – think overdraft fees, monthly maintenance fees, and more. Now, more and more banks are looking to attract customers used to getting free services, with Discover the latest to join the game at no cost.

Discover today announced that it has removed all fees on its checking, money and savings accounts, including its $ 30 insufficient funds fee, which previously applied to customer overdrafts.

Overdraft and insufficient funds fees are usually the highest fees banks charge on deposit accounts, usually around $ 35 overdraft, and they can often charge this fee multiple times a day if there is more than one overdraft transaction.

A report from the Consumer Financial Protection Bureau in 2017 showed that Americans paid $ 15 billion in fees for bad checks and other overdrafts from the previous year. A NerdWallet analysis of the study found that the 8 million people who overdraft frequently pay an average of $ 442 per year in overdraft fees.

No charge for overdrafts

Discover customers can apply for overdraft protection and link a savings account that will cover the overdraft for online bill payments, externally initiated wire transfers and checks. Under the new pricing structure, Discover customers who attempt to make a purchase without overdraft protection will have their transaction rejected without incurring a charge, rather than having the purchase declined and then being charged a $ 30 fee. $ for insufficient funds.

Other fees removed from Discover accounts include:

  • Stop Payment Fee, for all accounts.

  • Excessive withdrawal fees, for money market and savings accounts.

  • Minimum balance charge, for money market accounts.

Discover’s deposit accounts were already provided with no monthly maintenance fees.

NerdWallet Rating

at Discover Bank, FDIC member

In recent years, some online banks and credit unions have touted their free-of-charge accounts to differentiate themselves from traditional fee-paying banks and to attract customers looking to optimize their financial products. Allied Credit Union, Ally, Aspiration, Axos Bank and Consumers Credit Union are some of the institutions offering accounts with no monthly maintenance fees and other free services.

Advantages and disadvantages of the deposit account

Other benefits of Discover deposit accounts include:

  • CDs at competitive rates.

Some disadvantages of banking with Discover include:

  • A single physical branch, in Delaware.

  • A minimum of $ 2,500 to open a CD.


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