Democrats Defeat GOP Plan To Block Predatory Lending Protections For Soldiers

WASHINGTON — House Democrats successfully knocked down a GOP plan early Thursday morning that would have blocked predatory lending protections for American soldiers.

Republicans had slipped the deregulation measure into the National Defense Authorization Act — a major bill that sets the military’s funding levels. The bill would have imposed a one-year delay on new Department of Defense rules designed to shield military families from abusive terms on payday loans and other forms of expensive short-term credit. Politicians frequently seek to delay measures in order to buy time to marshall the votes needed to fully repeal them.

Soldiers make particularly good targets for payday lenders, in part because of the reliability of their military paychecks. The military has been combating the debt burdens that payday loans can create for soldiers since at least 2006, but lenders including some of the nation’s largest big banks have tailored new items to exploit loopholes in the regulations. In response, the Pentagon finalized a new set of regulations in late 2014 to restore protections for military families. The American Bankers Association has lobbied against those rules, which are strongly supported by consumer groups like the Consumer Federation of America, Public Citizen, the National Consumer Law Center and the U.S. Public Interest Research Group.

But around 4 a.m. Thursday, the House Armed Services Committee approved an amendment authored by Rep. Tammy Duckworth (D-Ill.) to strip out the GOP language to delay the new rules. Democrats voted unanimously in favor of the amendment, which passed 32 – 30 with support from five Republicans: Reps. Elise Stefanik (R-N.Y.), Chris Gibson (R-N.Y.), Frank LoBiondo (R-N.J.), Richard Nugent (R-Fla.) and Steve Russell (R-Okla.).

Consumer groups championed the vote, saying public pressure had prevented lawmakers from siding with banks over troops.

“Faced with a choice between the banks and the troops, members of Congress rushed to side with the banks,” Public Citizen President Robert Weissman said in a statement. “But then something happened: The spotlight focused on their unconscionable effort to pay back campaign donors at the expense of the nation’s servicemen and women …. Even with a rigged system, the public interest can prevail over powerful industry interests, at least sometimes.”

According to a 2014 study by the Consumer Financial Protection Bureau, interest rates on products targeting soldiers frequently soar to 300 percent or higher, far above the 36 percent interest rate cap imposed on payday lending to soldiers in 2006, thanks to loopholes in that cap. The study notes that these loans often cost soldiers thousands of dollars for very small advances. One family that took out a $2,600 loan ended up paying back $3,966.84 over the course of a year, according to the CFPB, while another borrower spent $1,428.28 to pay off a $485 loan in just six months.

“Unmanageable debt is difficult for any family struggling to balance their finances,” Duckworth, an Iraq war veteran, said Wednesday. “In the military, the burden can affect security clearances and advancement. Unscrupulous debt collectors go after service members deployed overseas and who are unable to answer claims. Credit is destroyed and lives are disrupted.”

The 30 Republicans who voted to delay the protections for soldiers were Reps. Mac Thornberry (R-Texas), Rob Bishop (R-Utah), Jim Bridenstine (R-Okla.), Mo Brooks (R-Ala.), Bradley Byrne (R-Ala.), Mike Coffman (R-Colo.), K. Michael Conaway (R-Texas), Paul Cook (R-Calif.), John Fleming (R-La.), J. Randy Forbes (R-Va.), Trent Franks (R-Ariz.), Sam Graves (R-Mo.), Vicky Hartzler (R-Mo.), Joe Heck (R-Nev.), Duncan Hunter (R-Calif.), John Kline (R-Minn.), Steve Knight (R-Calif.), Doug Lamborn (R-Colo.), Tom MacArthur (R-N.J.), Martha McSally (R-Ariz.), Jeff Miller (R-Fla.), Mike Rogers (R-Ala.), Austin Scott (R-Ga.), Bill Shuster (R-Pa.), Michael Turner (R-Ohio), Jackie Walorski (R-Indiana), Brad Wenstrup (R-Ohio), Joe Wilson (R-S.C.), Robert Wittman (R-Va.) and Ryan Zinke (R-Mont.).

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Early Poll Numbers Make Lousy Crystal Balls — But Great Fundraising Emails

It may be too early in the 2016 election cycle to expect polls to predict the next U.S. president with any accuracy, but it’s not too early to use them to raise money.

That’s what groups like EMILY’s List are counting on. On Wednesday, the political action committee, which works to get pro-choice female Democrats elected to office, sent an email out to supporters with the subject line, “Polls: Scott Walker Has Momentum.”

A graphic embedded in the email reads: “Potential GOP presidential hopeful Scott Walker proudly signed anti-choice legislation into law in Wisconsin. He is also gaining momentum in the polls” (emphasis theirs). A chart follows, which uses numbers obtained from HuffPost Pollster’s 2016 GOP primary poll chart, that shows Wisconsin Gov. Scott Walker’s support rising 5 points against his Republican rivals nationwide since January.

The email pleads for donations to oppose Walker’s campaign: “Donate before tomorrow’s deadline to stop his momentum and keep his anti-woman policies out of the White House.”

Is Walker’s “momentum” in the polls even worthy of attention at the moment?

Political scientists often make the case that horse-race polls this early in the campaign don’t mean much and should be approached with skepticism. The Huffington Post’s data scientist Natalie Jackson points out that it will likely be at least a year before a real frontrunner will begin to emerge. In the meantime, the true frontrunner is “undecided.”

Walker has gained support since January, when he launched an exploratory committee for a presidential campaign. A look at the entire 2016 GOP primary, however, reveals a crowded field in which the candidates are only separated by single digits. Poll numbers for all the candidates will likely fluctuate throughout the year, and any “momentum” will ebb and flow.

But polling, at whatever stage of the campaign, has proved a very effective peg on which to hang fundraising efforts. The Wall Street Journal cited a study by Harvard and UC Berkeley that found people are more likely to open fundraising emails — and to donate money — when the emails say a candidate is in trouble and trailing narrowly in the polls.

In the 2014 election cycle, the Democratic Congressional Campaign Committee sent out a slew of doomsday emails to supporters in its effort to raise money. According to the National Journal, emails with headlines that threatened impending disaster — such as “DOOMED” and “STAGGERING setback” — worked well for the DCCC. According to the Washington Post, the DCCC outraised the National Republican Congressional Committee by $33 million. A good portion of that — $50 million of the entire pool of about $206 million — was raised in small online donations.

Slate’s John Dickerson explained the drawback of such emails:

Perhaps it’s effective, but there’s a larger point to be made about political fundraising emails: They are a bouillon cube of all that is awful about American politics — the grasping for money, the neediness, the phony plays on your emotion, the baiting, and reduction of anything complex into its most incendiary form.

As poll numbers continue to meander and as the competition to raise more and more money heats up in the next few months, expect more poll-panicked emails in your inbox.

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Bettyville: A Writer Returns Home to Care For His Ailing Mother

What is Bettyville? It’s a place where “people pray for angels, where the Second Coming would be much preferred to tomorrow’s sunrise.” Once a thriving depiction of Americana, it is now “the world of the Dollar Store, the Big Cup, the carbohydrate, and the cinnamon roll.” It’s actually in Paris…Missouri, that is, and it is where author George Hodgman returns home to celebrate his mother Betty’s ninety-first birthday, and finds himself staying on to take care of her as she approaches a great decline.

Bettyville is the external world that George encounters during the days, weeks, and months of his initial lame attempts at trying to assist a woman who would rather die than ask for help. It is also the internal world of Betty–what her son intuits she is thinking and feeling, and his observations of what was once a woman of style and sass–who is “one of the last truly fashionable women of Monroe County, even now.”

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This memoir, written by a son whose love for his mother is so pure and ferocious, is at most times heartwarming, but sometimes heartbreaking. They are, to put it mildly, the odd couple–a middle-aged, gay man with secrets and demons of his own, with a past penchant for pharmaceuticals and a current penchant for doughnuts, living with an elderly woman who hardly wears her heart on her sleeve. Always partners in crime, their mission now is quite different from years past, and it becomes obvious early on that in spite of all the years of closeness and devotion, the elephant in the room, George’s homosexuality, is a subject never discussed.

We get to know George by his sharp wit (“I don’t want to be the Joan Crawford of elder care.”) and fast comebacks, and indeed, by his honest admissions of pain (“My skin is sometimes the most uncomfortable garment of all”). These periods of doubt and isolation prompted me to wonder whether he was running away from himself almost as much as running to help his mother.

This is a story that will draw you in and keep you there. Whether you grew up in New York City or Iowa, you cannot help but see commonalities in this mother-son relationship. At its core, Bettyville is about elder care, but it is just as much about family and all the infuriating, frustrating, and wonderful warmth that goes with it. I first learned of the book from an interview that George Hodgman did on PBS, and as I read it on my own, I could hear his voice reading it to me.

Hodgman has written a sincere love letter from George to Betty, and by the end of the book, I loved Betty too.

I received a copy of this book from the publisher, but this review, as are all my reviews, was honestly written. This review originally appeared in Betterafter50.com

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Go from Great to the Ideal Job Candidate

It’s the one question every job hunter wants answered:

How do I make myself stand out from all the other applicants?

How can I outsmart everyone else?

The answer lies in being able to present a profile of yourself as a candidate who ‘checks all of the boxes’ off your prospective employer’s candidate wish list. So, where do you find this wish list? It’s right in the job description. Your ability to expertly decode it — or solve the mystery — will allow you to put yourself at the top of that employer’s list. Let’s unpack how to access your inner Colombo.

TIP No. 1: Critically assess the job description.

Apply critical-thinking skills to uncover overarching themes about the skills the employer is seeking in a candidate. This step is a key part of your sleuthing activity. You want to breakdown the description along the key skill areas listed, and then figure out how you can exceed expectations along those areas. The best way to do that is to look at the background and experience of people who already hold the job, and draw parallels from your own experience and skills base to theirs. This can be done through creative use of LinkedIn. Hone in on the themes where you fall short and think creatively about the ways you have come closest to using those underutilized skills. Your job is not to disqualify yourself out of a position. Your job is to come up with all the ways that you’ve already come closest to the role you’re seeking — let someone else ding you; don’t do it for them!

TIP No. 2: Use online resources to investigate the position and company.

LinkedIn is a great resource from which to do a deep dive on employees of target companies. You’ll want to find the profile of someone doing the same job you’re applying to, in the same office to which you’re applying. LinkedIn even helps your search along with the “People Also Viewed” link. It pulls together other profiles which are closely-matched to the one you’re currently viewing. Click here to learn how to strategically “deep dive” into essential details using LinkedIn. Outside of LinkedIn, you should research for company YouTube videos to hear and see a company’s leaders speak. These dynamic materials will help you evaluate a company’s culture. You’ll hear jargon. You will get a better sense of how a firm’s employees behave and carry themselves. You will stand apart if you leverage these insights in the way you present yourself and your ideas.

TIP No. 3: Benchmark yourself against current employees.

The WBM will allow you to take the information you’ve gotten from the targeted LinkedIn profiles, pull out the key experiences and skill sets, and help you to find connections in your own background. It will also show you where there might be holes in your experience and your target company’s model candidate profile, and will give you the tools to figure out a way to creatively fill those holes. You want to know your competition and the competition of your target company; WBM will help you to access that knowledge.

Completing the WBM will leave you with a strong sense of what you bring to the table as a candidate. Some of the data you’ll emerge with includes:

  • Incorporating the five key job requirements within your marketing materials.
  • Crafting interview-ready stories that address each point.
  • Peppering relevant examples from your matrix into your elevator pitch
  • Use your unique value-added capabilities to your advantage. Name your core strengths. Put an emphasis on the skills that make you unusual yet relevant to the job.

TIP No. 4: Apply the intelligence you’ve gathered.

The last step involves pulling together all the information you’ve garnered from your sleuthing and applying it to become the top candidate. It’s both a preparatory and a performance step as it involves you (a) preparing a story for each skill set you want to demonstrate by using the S.T.A.R. Method to answer interview questions; and (b) successfully executing your message during the interview.

Preparation — Use the S.T.A.R. (Situation, Task, Action, and Results) method. It’s a template used to filter out the uninspired responses that some interviewees would otherwise offer up to prospective employers. Using S.T.A.R. stops you from falling into the generic answer trap. It forces you to share a specific example that illustrates your leadership qualities or problem-solving skills.

Execution — The interview is your opportunity to bring your resume to life and leave your interviewer with zero doubt you’re the one that they want. The best way to ensure that you’re making the best possible impression with your presentation is to coach yourself towards success. You want to find someone who can ask you any hard questions, and help you rehearse the ‘look and sound’ of you at your best. Additionally, you know those last five minutes during any interview when the interviewer asks you, “what questions do you have for me?” you have to use that opportunity to ask killer questions. Nine out of 10 interviewees fill that opportunity to stand out with mundane questions that do not further their candidacy. The ultimate way to beat the competition is by asking refined, thoughtful, substantive and smart questions. Your job is to close the deal, and posing thoughtful questions to your interviewer will propel you light years beyond competing candidates.

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Paralyzed Pup Finds The Strength To Welcome Her Dad Home From Deployment

Emma is a little pit bull mix with a big personality — and even though a birth defect left her back legs completely paralyzed, this heartwarming video shows that her love is bigger than her disability.

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Here's How To Get A Free Biscuit Taco From Taco Bell On Cinco De Mayo

Taco Bell will be giving away free biscuit tacos next Tuesday, May 5, according to an announcement the company made Wednesday on Periscope. Biscuit tacos, an item on the chain’s new breakfast menu, are biscuits molded into taco shapes, filled with eggs, cheese and your choice of sausage or bacon.

Because everyone knows that nothing tastes better that free biscuits, make sure you’re in line between 7 a.m. and 11 a.m. to claim your breakfast prize (limit one per person).

Even though this deal falls on Cinco de Mayo, Taco Bell says the company is celebrating its own holiday instead: National Breakfast Defector Day. Taco Bell’s new “defectors” ad campaign aims to “empower people to change their morning routine” and skip its so-called “breakfast wars” competitor, McDonald’s.

Regardless of how you feel about the supposed feud between Taco Bell and McDonald’s, become a “defector” for the morning of Cinco de Mayo and claim your free biscuit. Think of it as a pregame gnosh before the delicious Cinco de Mayo drinks that will come later in the day.

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Puj PhillUp Allows Kids To Grab Their Own Drinks Of Water

PhillUpYou’re right in the middle of some important task that you can’t put down,
have just stepped into the shower, or your butt has finally grazed the
top of the lounge chair for the first time all day when one of of the kids
bellows, “Can I have a glass of water?” The people a Puj feel your pain and, as such, have created the PhillUp in response to your predicament.

Why Miles Teller and Other Celebrities Keep Their Student Loans

It has been almost two years since publicly-held student loan debt reached the $1 trillion mark. According to The Institute for College Access & Success (TICAS), seven in 10 undergraduates had taken loans to fund their education, averaging over $28,0400 per student. Senator Elizabeth Warren has been outspoken on the matter, noting students are oftentimes burdened not only with the nominal value of debt, but also annual interest rates reaching 10 percent and beyond. However, others are seeing value in keeping the debt, paying only the minimum payments.

One of the hottest young actors in Hollywood today, Miles Teller, is just fine with keeping his debt. He and others like him are weighing the value of paying down these debts with gains that can be made from investments. Market rates are at all time lows and student loans can be refinanced to as low as 2%. Such competitive interest rates makes investing a favorable choice. With the Dow Industrial average up over 100% (and climbing) since the 2008 recession, some financially savvy debt holders are beating interest rates with investments in stocks. The so-called low interest rate rationale works as long as investors can find vehicles that return more than the modest rate on their loans.

Teller isn’t alone in his decision to forgo paying back his college loans. In a recent article on CNNMoney, recent grad Mohammad Majd was able to earn exactly as much as his student loan balance by investing in stocks. Even when he reached the level at which he could pay off his loans, he chose to keep investing. This ultimately put him ahead compared to if he had just paid off his loans all at once.

The low interest rate rationale is a strategy worth considering for those who are saddled with debt, earning an entry-level salary, and trying to determine how best to spend each dollar. A basic understanding of the time-value of money is helpful since it goes against standard student loan repayment practices. Still, investments can be risky and inflation should also be taken into account when making financial decisions. However, as long as investors are disciplined in where money is put to work and they ensure that each dollar that would have gone to their loans is put into an interest-bearing vehicle, they can remove some of the stress that comes with with student loans.

To learn how you can lower your interest rate and make the most of your student loans, visit Credible.

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#GigEconomy

At least to me, MTV is still cool–and now, apparently, so are hashtags. Today’s #youth (that’s “hashtag youth”) won’t remember, but it was revolutionary when the once exclusively music-video-blasting television channel created reality TV, with the debut of The Real World in 1992. It did not end there–MTV went further to even address economic issues, with the comedy-drama, Underemployed, focused on a group of friends struggling to make strides in the working world. Similar to the show not making it past its first season, most of today’s underemployed may have a limited path of opportunity.

About 53 million Americans, or 34 percent of the total workforce, are offering their services as freelancers in temporary and project-based work arrangements. On the other side of this development stands a stubbornly high “real” unemployment rate (U-6 unemployment, which includes underemployed and discouraged workers), surely highlighting the shortcomings of a central bank-induced economic recovery. Advances in technology and automation, paired with the lasting effects of the 2008/2009 Great Recession, may have altered the regular process by which employers and job seekers engage with one another. However, it may also be possible that this current shift grew out of necessity or despair.

On the positive side, the emerging so-called “gig economy” keeps creating choice and opportunity of unparalleled proportions. Not only is a less formal (or binding) work arrangement often the basis for the creative and founding force of our economy, but choice also offers price leverage for the consumer. The way services are being delivered has become all-encompassing, from renting top IT programmers and “best home servicing experts” to leasing specialists who can throw your next party. Aside from the well-known transportation application Uber, less prominent (yet highly sophisticated) options are advancing in multitude, such as 10x Management, TaskRabbit and Zaarly.

We are still left to deal with the less glamorous aspects of “gigging”: The creation of the “faceless worker” who is often engaged from home offices (aka coffee shops), lacking social connectivity and, more importantly, context related to a company’s mission and product. With “workplace” satisfaction (or lack thereof) taking another dimension, it also needs to be recognized that consumer benefits are not entirely captured by the “gig workforce,” but more so by intermediaries. In addition, competition is stiff, with freelancers–including nearly 15 million “moonlighters” who are already employed but freelancing in their spare time–often undercutting rates.

Being overly critical, we could easily forego the entire “cool aspect” of today’s sharing/gig economy and link current developments to a dismal state of affairs rather than innovation, especially given mostly unaffordable education and a shrinking set of opportunities in the labor market. With this idea in mind, current trends echo the fate of past migrant workers who gravitated toward big cities to compete for day jobs in the aftermath of the Great Depression; and, it was this very disintegration of once-established socioeconomic frameworks that ultimately helped to rebalance supply and demand in the labor market, thus restoring an ailing domestic economy. Today, we are far from such a rebalancing.

Just as the migrant workers of the 1920s and ’30s were rather unwelcome, so are many “giggers.” The on-demand economy is being sued left and right, mainly by traditionalists trying to preserve the status quo; this particular development, on the flip-side, is indicative that today’s new economy is not only real, but that it has become a disruptive force leading change and innovation. Proof of a structural shift can be seen through the sped-up demise of big companies (as listed in the S&P 500): Whereas in 1985 the average lifespan of a large company was 61 years, these days the average duration of a listing has been reduced to a mere 18 years.

There is a need to strike a fine balance between what is a trending new form of employment and the potential continued weaknesses of an economic system. Underemployment, in this respect, is a risk as much as it is an opportunity. The notion that “if I cannot find a job, I will create it myself” is noble, but it can never release a society of its inherent obligation to create relevant opportunities, especially those that are based on affordable and relevant education. Let’s aim to define the “new workers,” not only through creating virtual profiles in social media “apps,” but more importantly, by helping to enhance their profiles in a real life context.

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Baltimore Orioles Outfielder Adam Jones To City's Black Protesters: ‘Your Frustration Is Warranted'

A city’s children are hurting — and Baltimore Orioles outfielder Adam Jones believes this is the perfect moment for the city’s leadership to give them as much support as possible.

During a postgame media address on Wednesday, Jones said Baltimore’s youth don’t need to be antagonized — they need to be shown compassion for their outrage.

“I say to the youth, your frustration is warranted. It’s understandable — understood. The actions, I don’t think are acceptable,” he said. “But if you come from where they come from, you understand … This is their cry. Obviously, this isn’t a cry that is acceptable, but this is their cry and therefore, we have to understand it.”

Baltimore’s black residents already had a tense relationship with the police department, and Freddie Gray’s death appears to have been the last straw.

Charm City’s maladies — such as poverty and police violence — are grounded in decades of segregation and discrimination, as pointed out by Jamelle Bouie for Slate:

Baltimore has had a generation of politicians, white and black, who can renovate tourist areas and implement new police techniques, but who can’t provide relief and opportunity to its most impoverished residents — but it is important context. Even at their absolute best, the city’s leaders have to contend with the cumulative impact of past disadvantage.

Baltimore’s youth have “seen the pain in their parents eyes, the pain in their grandparents eyes over decades,” Jones said. “This is their way of speaking on behalf of their parents and on behalf of their grandparents.”

Danielle Williams, a local resident involved in the protests and who caught her own wave of Internet fame by torching an MSNBC anchor for the media’s failure to focus on Baltimore before the violence, made a similar point to The Huffington Post.

“What’s sad is that our children have seen us fighting for so many years now that they have participated in the fight because they realize at this point that we’re still not winning,” she said.

“When they see their parents, their peers, their family members being targeted by police officers day in and day out, they’re gonna react,” she added.

Perhaps that is why Baltimore Orioles manager Buck Showalter, who addressed the media in a separate press conference on Wednesday night, voiced his disapproval of people commenting on issues they can’t understand.

“I’ve never been black, OK?” he said. “So I don’t know, I can’t put myself there. I’ve never faced the challenges that they face. So I understand the emotion, but I can’t … It’s a pet-peeve of mine when somebody says, ‘Why don’t they do this? Why doesn’t somebody do that?’ You have never been black, OK? So just slow down a little bit.”

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