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Monday, December 17, 2018

Few Of Us Are Even Remotely Prepared For Elder Care

Reprinted with permission from Creators.

 

It often starts off easy. For me it did. An elderly friend needed some help with food shopping and dealing with the cable company. He has no family to speak of, and his close friends have died. Pushing 90, his thinking had obviously slowed, but he could still shave, bathe and dress.

So I volunteered to run some errands. No big deal. I’d drive him to doctors’ appointments and pick up drugs. When he was diagnosed with multiple myeloma, I started taking him to the cancer center for infusions.

But as his three prescriptions swelled to seven prescriptions (he also has heart issues), he needed someone to manage the medications.…

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White House Gave A Big ‘Discount’ To Banks That Abused Consumers

Reprinted with permission from Shareblue.

 

The Senate approved Kathy Kraninger as the new head for the Consumer Finance Protection Bureau (CFPB), but not before previous chief Mick Mulvaney could make a mockery of the agency.

Mulvaney took over the consumer protection agency in November 2017, even though he hated the agency and once said, “I don’t like the fact that CFPB exists.”

When the Washington Post delved into Mulvaney’s tenure at the CFPB, it found a disturbing pattern of Mulvaney using his position to go soft on companies that were harming consumers.

The shady behavior was so prevalent that career CFPB staffers gave it a nickname: “The Mulvaney Discount.”

In one case, career staffers recommended an $11 million fine for a South Carolina lender, Security Finance, for allegations that it improperly pressured consumers to buy insurance and approached borrowers at their homes and jobs to collect on debts, according to two people familiar with the discussions.



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On Wall Street, Us R Toys

Reprinted with permission from Creators.

 

As America emerged from World War II, the public generally agreed that the ordinary people who had endured the sacrifice should share in the good times ahead. A golden age for the American worker commenced as business, labor and government stood together on the stage.

Labor has since fallen off. Behold the spectacle at Toys R Us.

About a year ago, the company filed for a Chapter 11 bankruptcy. Its private-equity owners closed 800 stores and laid off 33,000 employees — skipping out on $75 million in severance pay.

Toys R Us had its challenges, but it wasn’t a dying business.…

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