America is tighting a powerful financial playing plague that traps dangerous cycle of debt. Im talking about payday loans peddled to companies of low and middle income americans at a rate that would make people blush. Federal regulators are finally waking up to the fact of bay payday lenders, thanks to evasive tactics and powerful lobbyists. But more must be done to the situation that maximize of usury. And not to torture the religious metaphor but the devil here is in the details because on the surface the idea of someone borrowing a relatively small amount of money, say 300 until they get paid in two weeks sounds reasonable. But most people cant pay back the loan on time. Thats the reason four out of five payday loans are renewed within two weeks, taking out a median of ten loans a year. Half take out more, half less. Moreover, payday loans put the borrower into an endless cycle of fees, that exceed the limit and that is unnecessary. Pew trust Research Says if payday loans were unava
America is tighting a powerful financial playing plague that traps dangerous cycle of debt. Im talking about payday loans peddled to companies of low and middle income americans at a rate that would make people blush. Federal regulators are finally waking up to the fact of bay payday lenders, thanks to evasive tactics and powerful lobbyists. But more must be done to the situation that maximize of usury. And not to torture the religious metaphor but the devil here is in the details because on the surface the idea of someone borrowing a relatively small amount of money, say 300 until they get paid in two weeks sounds reasonable. But most people cant pay back the loan on time. Thats the reason four out of five payday loans are renewed within two weeks, taking out a median of ten loans a year. Half take out more, half less. Moreover, payday loans put the borrower into an endless cycle of fees, that exceed the limit and that is unnecessary. Pew trust Research Says if payday loans were unava
Sacrifice shall never be in vain. Thank you for what you all have done for our country. [applause] ladies and gentlemen, the secretary of the army. Good morning. A very special day. Secretary hagel, sir, thank you obviously for your gracious words in your presence here today. As well for the tremendous leadership, steady hand youve brought to these very challenging times. Chief, mrs. O. , Sergeant Major, distinguished members of congress, all of the department of defense family, particularly those from the United States army, but especially to the families and the honorees who are with us here today, welcome. It is wonder to see all of you again. As ive become the 21st secretary of the army, ive had many occasions to attend some pretty Historic Events and i probably should go without saying today is certainly one of them. As president obama noted yesterday, this injunction serves as the largest single induction of medal of honor honorees since world war ii. 24 and amazing soldiers who
The german chancellor xfone tapped for over a decade. The german chancellors phone tapped for over a decade. Intelligence services answer to the white house. We will talk about it in the debate. We will also be checking in and the media fallout of all this. The hour begins in the newsroom. We look at reforming the patriot act. The white house reacts to the latest planes. France and the netherlands, bringing down trees that caused power cuts and transport chaos. And an unexplained car crash in beijings tnm kinnamans kinnaman square. It was spains turn to summon the ambassador on allegations that the u. S. Collected data on telephone calls from spain. This is based on documents provided by Edward Snowden. Arriving for an uncomfortable meeting, the u. S. Ambassador in major it has questions to answer after a spanish newspaper published elite documents showing u. S. Intelligence services tracked more than 60 million phone calls made in spain between december and january of this year. A mas
I have known sarah stein for several years. That is where i saw firsthand the talent that sarah stein embodis and how she works with her children and the challenge of really wanting to learn really thrives. We followed sarah to polka dot preschool and my younger son attended throughout his years there, who just started kindergarten. And i attribute fully to sarah stein and polka dot that they were both ready for kindergarten and thriving within an Immersion Program within the San Francisco unified school district. It was lawrence and sarah that created that foundation for wanting to learn. I recognize there are concerns from the neighbors in potrero on harvard street. We have heard directly from the concerns through the Community Meeting around traffic, noise and parking. I think from the testimony you have already heard tonight sarah and lawrence take this very seriously. They are planners and as you saw from your planning packet, they have a plan to mitigate and be able to be a Good