Belgium May Prosecute the “Church” of Scientology

(Image used under: Creative Commons 3.0 [SRC])
The church is accused of being a criminal organization involved in extortion, fraud, unfair trading, violation of privacy laws, and unlawfully practicing medicine. Both the Belgian and the European branches of the church should be brought to court, according to the authorities.

Too bad our government is so corrupt that it can't stamp out stuff like this too. I mean, not only do we not prosecute them, we make them a legitimate religion? Crazy.

The German government considers Scientology a commercial enterprise that takes advantage of vulnerable people.

Duh.

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Comcast Resets Bittorrent Shares

It turns out that Comcast thinks they have the right to control how someone uses the Internet. Bittorrents, often, but not always used to distribute copyrighted content is one of the types of filesharing that big nasty companies like the RIAA target. Whether in the spirit of cooperation with the RIAA or just to save a little money by preventing heavy Internet users from actually using the Internet, Comcast is throttling Bittorrent shares and actually blocking seeders (people who provide the content originally). If this disgusts you, now is a good time to become a supporter of net neutrality. Tags: , ,

Non-profit Payday Loans: Get Nailed, Just Not as Deeply

I don’t know how they get away with calling these non-profit. The Consumerist calculates that the interest being paid by their example case is still at 252%. Tags:

New E-mail Scam: The IRS is Investigating You

Whenever you get something like this, always go to the source, never respond to the e-mail. Tags:

Banks Make More on Overdraft Fees than Loans

Consumeraffairs has been watching the banking industry with increasing shame. Banks realize how easy it is to "encourage" customers to make banking mistakes that end up in costly fees:
Common banking practices, such as clearing high-dollar debits before subtracting smaller debit amounts, holding deposits longer than necessary, and failing to decline overdrafts or warn customers at the checkout or ATM if they have insufficient funds, increase the number of overdrafts suffered by consumers
Note that these are concious, purposeful acts designed to bring more debt to the consumer. Let me explain one of the scenarios above: You make the following purchases during the day: Your account balance: $70 (It's almost payday, you're running low)
  • Sandwich: $5
  • Starbucks Coffee: $10
  • Socks, Flowers, and a DVD movie (you're at Walmart… One stop shopping): $35
  • Eggs and Milk: $5
  • Little do you realize, your wife has decided to go ahead an fill up the SUV for the weekend trip.
  • Gas: $65
  • Now, assuming that the bank takes care of all transactions at the end of the day, what's the most advantagous way for them to do this? Easy! Apply all debits in order of size. Watch what happens:
    Your balance: $70 -$65 (Gas) Your balance: $5 -$35 (Walmart) Your balance: -$30 (plus $20 overdraft) Your balance: -$50 -$10 (Starbucks) Your balance: -$60 (plus $20 overdraft) Your balance: -$80 -$5 (Grocery store) Your balance: -$85 (plus $20 overdraft) Your balance: -$105 -$5 (Sandwich shop) Your balance: -$110 (plus $20 overdraft) Your balance: -$130
    And to add insult to injury, maybe you got paid that day and deposited the money, but the bank held the deposit until the next day for no reason that you can think of (also part of their bag of tricks). So in this case, the bank's artificial policy of applying drafts in size order has hurt you plenty. If you complain (if) then there's a chance they'll reverse one charge as a matter of customer service. That still leaves you with a $60 debt to the bank. Compare it with this scenario where it was done in the order the drafts occured:
    Your balance: $70 -$5 (Sandwich shop) Your balance: $65 -$10 (Starbucks) Your balance: $55 -$35 (Walmart) Your balance: $30 -$5 (Grocery store) Your balance: $25 -$65 (Gas) Your balance: -$40 (plus $20 overdraft) Your balance: -$60
    Think I'm full of it? Check out this eerily appropriate Consumerist article posted today about a guy who's overdraft woes cost him $134 for a granola bar.
    In this case you have one overdraft fee due to a simple mistake. Chances are the bank will credit it and you and your wife can make sure you don't make the same mistake twice when the balance is low. Life is happy and birds sing… Anyway, you see how banks, who know a whole lot more about money management than you, can make very little and innocent csounding policy changes that will screw you royally. Let's hope that the bill that Consumeraffairs mentions in the article passes to end this kind of crap. Lastly, a freebie for you. If you are the kind of person who frequently finds themselves paying overdraft fees, try this trick I learned in my more "cash desperate" days:
    Have two accounts: your main and a second. When you know you're short for the month and need a few hundred dollars to prevent the main account from going under, "borrow" against your other account instead of going to the Payday Loan scum. Go to an ATM and withdraw $300 (or whatever your overdraft amount on the other account allows). You'll get a one-time fee (usually $18-$25). Use that to keep your main account current. When you get paid, put money back in the other account to keep it at about $0. This is way cheaper than paying a bunch of over-draft fees or using a payday lender. Just make sure your bank doesn't charge any monthly fees or "inactivity" fees on the second account.

    Update

    More on the topic from Consumerist.com.
    Chairwoman Carolyn Maloney (D-NY) of the House Subcommittee on Financial Institutions and Consumer Credit is holding a hearing today on unfair bank overdraft fees and their impact on consumers
    There's really a lot of news about this today, wow.
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    Germany Bans Tom Cruise Film Shoot for scientology Beliefs

    I almost hesitated to get involved in promoting this kind of story since cults can be very scary, but I think cowardice only encourages villains. In any case, I think that masquerading as a religion for monetary reasons is about the lowest you can get and that's exactly what scientology is (and fortunately, the German government knows it).
    Cruise, also one of the film's producers, is a member of the Church of Scientology which the German government does not recognise as a church. Berlin says it masquerades as a religion to make money, a charge Scientology leaders reject.
    Of course they do. Anyway, it would simplify things a lot if the American government automatically rejected all claims for religion status for groups that have secrecy as one of their core beliefs. No true religion has secrets. Only scams where they know there's no way you'll swallow the whole enchilada until you've been properly "conditioned" at the lower levels. JTAG ERROR: No digg_ht index defined Tags:

    Rebate Checks Become Gift Cards

    Gift Cards - Use with care
    (Image is in the Public Domain)

    Rebates (which are a scam to begin with in most cases) are now being returned as gift cards. Not only does this force you to spend the money back at the store, but they come with all the nastiness that gift cards do. Things like fees, expiration dates, etc.

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    Oregon Fights Payday Lender Scum

    It's not as good as West Virginia(who banned all payday lending), but Oregon has taken a first important step to contain the evil that is payday lending.

    The new laws should significantly ease the triple-digit interest rates charged by payday lenders and their cousins, auto title lenders. Indeed, payday lenders say the new laws will drive them out of the state altogether. Whether that is so remains to be seen, but the laws still allow payday lenders, through a combination of interest rates and "origination fees," to charge effective annual interest rates of well over 150% on one-month loans.

    I like this line too:

    If that's so, however, the demise of the industry might not be a bad thing at all. Any industry whose best argument is that it can only make money by exploiting the worst of its credit risks, and keeping them in a never-ending cycle of renewals and interest payments, doesn't seem to have much going for it.

    Hear, hear.

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    Honorably Discharged Marine Makes Trouble By Speaking Out – Getting Charged

    (Image is in the Public Domain)

    This is an interesting story: An Iraq War veteran is making trouble by being a very loud and media-covered opponent of the war.

    They seem to have found an angle to attack him because he put on a uniform for a protest (though by stripping all the major labels from it, I don't see how that's any different than a costume store uniform). They plan to reactivate him so they can discharge him again only this time "dishonorable discharge" instead of "honorable".

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    Scam Alert! Thieves Pose As Army Hospital, Say Your Spouse Hurt in Battle

    Phone Scams
    (Image is used under the Pixabay license)

    Be warned. No matter how nice, not matter how much they already know, no matter how much they try to upset you, don't give out information over the phone.

    The scammer – who sounds young and American – calls a military spouse and identifies herself as a representative from the Red Cross. The caller says that the spouse's husband, who is not identified by name, was hurt while on duty in Iraq and was med-evacuated to a hospital in Germany.
    Tags:

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