Word: paydays
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Dates: during 2000-2009
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...back in the ditch. You can't live on $6, $7 or $8 an hour and have anything to fall back on. Or save anything. Most folks who live on those kind of wages don't have bank accounts or credit cards, which makes them incredibly vulnerable to predatory payday lenders. They live a very difficult life. They're trying to survive day to day. And instead of getting ahead, which most families want to focus on, they're focused on survival...
...front of payday and predatory lenders, yes, they should be regulated. Not only should they be regulated - to prevent the extraordinary interest rates that they charge families - but we need to put these families in a place where they aren't so susceptible to them. That's why asset creation and ability to create assets is so important. Also I do think that you can't ignore the societal responsibility part of it. You can't do just one thing; they all need to be done. Teenage pregnancies. All these families I meet with, the kids are having kids...
...number of the most famous British heists - notably the Brinks Mat bullion raid at Heathrow airport in 1983, when thieves took gold worth $45 million - police and underworld lore insists that the gangs had no idea of the value of their haul. For a crook, an unexpectedly large payday can be as much a curse as a blessing. You have to do something with stuff you've stolen, and if you've stolen a lot of it, your problems multiply. More people know that there's hot money or goods around, so security is compromised; that gives fences the chance...
...number of the most famous British heists--notably the Brinks Mat bullion raid at Heathrow airport in 1983, when thieves took gold worth $45 million--police and underworld lore insist that the gangs had no idea of the value of their haul. For a crook, an unexpectedly large payday can be as much a curse as a blessing. You have to do something with the stuff you've stolen, and if you've stolen a lot of it, your problems multiply. More people know there is hot money or goods around, so security is compromised, and that gives fences...
...wrenching comparison that best illustrates that something may be amiss: in 2005, the average diversified stock fund returned 6.7%; bond investors gained under 1%; the average stock rose just 3%, according to market tracker Lipper. Those seriously sub-par returns don't square with a record Wall Street payday...