Predatory lending

like candy, but with a catch. In the early 2000s banks and other financial institutions began to consider members of the black community perfect candidates for subprime loans. These are loans are also known as payday loans or in some circumstances predatory loans. These loans are given to people to people with poor credit but have virtually impossible interest rates to keep up with. These banks preyed on these people knowing that they would jump at the opportunity to begin building their wealth…

Conversations in the United States regarding racial inequality between blacks and whites are incredibly divisive. That is logical because one side must blame, while the other rebuts, and vice versa, until the discourse resentfully ends and no progress has been made. The chasm on opinions exists because whites are fundamentally incapable of understanding the plight of blacks unless they are well-educated. However, it’s difficult for whites to be well-educated, in context, given that the…

Within the United States, both income inequality and an alarming trend of anti intellectualism has become the modern norm. According to Winston Churchill, “the best argument against democracy is a five-minute conversation with the average voter”. This comical expression poses a compelling summation of the modern American political landscape, as evidenced by the most recent election. While midterm elections happen frequently, the majority of Americans abstain. At the same time, Americans wonder…

In his book “Debt, the first 5000 years”, David Graeber introduces us to a novel theory about the development of human relationships, money, commerce, and markets. The author himself has direct experience in Anthropology, although limited in comparison to other great ones in the field such as Claude Lévi-Strauss, he did study tribes in Madagascar and had other relevant first-hand encounters with the science. By making use of his past mentioned knowledge, but also by drawing parallel ideas and…

that is most egregious—and that has been most perfected in recent years—has been the ability of those in the financial sector to take advantage of the poor and uninformed, as they made enormous amounts of money by preying upon these groups with predatory lending and abusive card practices” (Stiglitz 399). These corporations and financial institutions will stop at nothing to achieve wealth creation, even if it means misguiding the lower classes and using unjust methods for extracting wealth from…

seeking encompasses hidden and open government transfers and subsidies, laws making the marketplace less competitive, statutes allowing corporations to pass costs on to the rest of society, selling government products at or above market prices, predatory lending, and monopoly rent” (p. ##). To control their monopoly company’s use patents,…

poor productivity, and large government entitlements. Greece partnered with widely-respected U.S. investment banking firm Goldman Sachs to prepare for qualification in the Euro membership club. Their partnership turned into a classic case of predatory lending and unethical complicity that ended up doing the Greek economy significant harm. Instead of helping Greece make needed financial reforms, Goldman Sachs secretly loaned Greece 2.8 billion Euro and disguised it as an off-books currency…

of the Young and Gu families, where superstition, misunderstood maternal love, and multilayered toxicity prevail. This world, much like the compact, is outwardly “benign,” but “bulging with toxins” that incurably haunt the family at every chance, lending the nuance and complication with which the prose itself, though markedly elegant, does not have at first…

Unfortunately, some companies have mismanaged their greatest asset—their brands. This is what befell the popular Snapple brand almost as soon as Quaker Oats bought the beverage marketer for $1.7 billion in 1994. Snapple had become a hit through powerful grassroots marketing and distribution through small outlets and convenience stores. Analysts said that because Quaker did not understand the brand’s appeal, it made the mistake of changing the ads and the distribution. Snapple lost so much…

However, the large drop in PalmKid’s contribution margin per unit combined with a decrease in the actual number of PalmPro units sold as well as a drop in the actual contribution margin per unit below budget, led to the total contribution margin being much lower than budgeted. Other factors could be discussed here––for example, it seems that the PalmKid did not achieve much success with a three digit price point––selling price was budgeted at $149 but dropped to $102. At the same time,…