Credit card payments come with their own horror stories but even by those standards what is happening to Chandrakant V. Telkar is unheard of. The senior citizen fell ill last week after being slapped with a credit card bill of Rs 3.2 crore by Citibank on a card that had a limit of Rs 30,000 […]
The Recovery Agent
In India, the term recovery agent or debt collector throws up chilling images of unnerving phone calls, bounces landing up at the door, goons intercepting your car at a traffic signal and throwing you off as they repossess in mid traffic and all of that. So unsavory have the tactics been that the courts […]
End The Dooms Day Parade for Good
Money runs out. Then people can’t purchase. This is a problem. Who needs more money? How can we earn more money? I want to purchase. I need to purchase. Do you want to purchase too? Let’s figure out a way to earn more money so we can buy more stuff and this time we need […]
Keep The Smugglers Out
The Ministry Of Internal Affairs in Malaysia will screen incoming visitors carefully from now on. This is to determine which visitor is wanted and which is not. The new Minister Of Internal Affairs, Datuk Syed Hamid Albar told the press yesterday. He was asked to comment on many calls and pleas from distraught parents […]
Is Recession Bad or a Teacher in Disguise?
Everything in the universe is cyclical and recessions are a normal part of our economic system. Recession is tough but it’s better than socialized government, which seems to be where politicians want to take us, but they can’t take us there if we don’t let them. Socialized government is where enormous amounts of taxpayer money […]
House Passes Jubilee Debt Relief, Battle Shifts to Senate
– by James Parks The effort to bring debt relief to poor countries now moves to the U.S. Senate after the House of Representatives approved legislation that would cancel the debt of several poor nations. If enacted, the countries that receive the relief must use the money to provide their citizens desperately needed resources—such as health […]
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