Usury

The Unwise Men's Gifts to Obama

Robert S. McElvaine | Posted 12.23.2009 | Politics


Robert S. McElvaine

'Tis the season for gift giving, and the President of the United States is in need of presents. Barack Obama could use some gifts to cheer him up and get his presidency back on track.

Obama Calls for An Extreme Makeover of Our Culture: Are the Credit Card Companies Listening? [Updated]

Arianna Huffington | Posted 06.18.2009 | Politics


Arianna Huffington

In The Divine Comedy Dante assigned usurers to the seventh circle of hell. The Senate obviously needs a refresher course -- since it overwhelming voted down Bernie Sanders' measure that would cap credit card interest rates at 15 percent.

Let's Try Something Different This Time

Saul Segan | Posted 06.15.2009 | Living


Saul Segan

Love is the most powerful remedial force in our universe -- it may come across sounding "corny" but I think in our tenuous day and age, this world might do well with a little more corn.

The Consequences of (Yet Again) Failing to Stand Up to the Banks

Ian Welsh | Posted 06.13.2009 | Business


Ian Welsh

Does anyone wonder why consumer spending dropped again? Would you borrow at 20% to 40% to buy anything other than food or pay for housing?

This Week in Magazines: A Jihad on Behalf of Usury Laws, An "Idiot's Guide to Pakistan," and The Agenda for K Street's Trout Lobbyists

James Warren | Posted 05.06.2009 | Media


James Warren

Geithner and Summers don't mention ancient Babylonia in addressing the financial crisis. But Chicago attorney Thomas Geoghegan sure does in Harper's "Infinite Debt."

A Forerunner of Credit Card Debt Helped Spawn the Revolutionary War

Russ Wellen | Posted 04.12.2009 | Business


Russ Wellen

Even George Washington had reasons other than unadulterated fealty to Lady Liberty for rejecting foreign rule. In fact, what galvanized him was the 18th century version of credit card debt.

Credit Card Firms Back In Hot Seat

Politico | Posted 04.04.2009 | Politics


Longtime supporters of credit card reform have a new weapon in their rhetorical arsenal: the $700 billion Wall Street bailout. "The big banks got bil...