Word: unionizers
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Over the past six years, Wells Fargo has opened 1 million accounts for Mexican nationals living in the U.S. by becoming the first bank to accept the Matricula Consular identification card that Mexican consulates in the U.S. began issuing after 9/11. A growing number of banks, including KeyBank and Union Bank of California, are also offering low-cost check cashing as a way to encourage people to convert to regular bank accounts. To reduce the risk of fraud, KeyBank also requires thumbprint...
...biggest hurdle is getting customers in the door. "People are creatures of habit. They grew up and saw their parents going to check cashers, and they continue their parents' habits," says Ignacio Valenzuela, who runs Union Bank's alternative financial services. Another problem is perception. "Many people don't trust banks," says Hank Shyne, director of the Financial Service Centers of America, a trade group representing the check-cashing industry. "They have that fear of being overdrawn. They are much more comfortable dealing with cash," he says...
Ironically, banks have long benefited indirectly from the thriving check-cashing industry by supplying the loans and cash that check cashers use to pay these same customers. ACE Cash Express, which has more than 1,700 outlets across the country, works with Wells Fargo, JPMorgan Chase, Union Bank and others. Banks have shied away from serving the unbanked population directly because this slice of the market clashes with their business model. Banks get much of their profit from the interest they earn by lending out the money held in long-term deposits, but check cashers depend on a high volume...
...satellite technology has already proven successful overseas and in the U.S. The European Union has upgraded to satellite technology in its air traffic control systems. Package delivery company UPS uses the technology in many of its planes and at its hub in Louisville, Ken. The FAA has also been testing it since the late 1990s in Alaska, which had a high accident rate because of the rough terrain in the state. Since the satellite technology was installed on small planes in Alaska, its accident rate there has declined 40%, says Blakey...
...able to fly closer together. Blakey insists the planes will be at safe distances, but for air traffic controllers that's not enough. "We have 1100 fewer air traffic controllers working today than we did on Sept. 11," says Doug Church of the National Air Traffic Controllers Association, a union currently in a labor dispute with the FAA. Air traffic controllers are already overworked, Church adds, and NextGen does not address the staffing issue...