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Submission + - SPAM: The web vs. U.S. Bank

destinyland writes: "Online information is creating problems for U.S. Bancorp. A new federal law lets customers opt-out of high-fee overdraft protection. In October a consumer site published an internal U.S. Bancorp memo, which inspired a Washington customer to confront a local manager who insisted that opting out was impossible. He ultimately received an apology from the bank's CEO — but two days later recorded the bank's tellers again wrongly advising customers that opting out was impossible. Now he's posted the audio recording online, targetting the $50 billion a year banks earn from their "courtesy" overdraft protection."
Link to Original Source

Submission + - Lawmakers Debate Patent Immunity for Banks (

I Don't Believe in Imaginary Property writes: "Now that a small Texas company has a patent on scanning and archiving checks — something every bank does — lawmakers feel they have to do something about it. Rather than reform patent law, they seem to think it wiser to protect the banks from having to pay billions in royalties by using eminent domain to buy the patent for $1 billion in taxpayer money, immunizing the banks. The bill is sponsored by Sen. Jeff Sessions (R-AL)."

Submission + - Gates foundation deathly side-effects ( 3

HuguesT writes: An long and detailed article from the L.A. Times points out severe, unintended side effects of the health policies of the Bill & Melinda Gates foundation. This foundation has given away almost 2 billions US$ to the fight against AIDS, TB and Malaria worldwide. Thanks in no small measure to this effort, the death toll from AIDS in most of Africa are finally levelling off. However, the money from the foundation is earmarked to the fight against these three diseases, to the detriment of global health. Sick people can also be hungry and not able to ingest healing drugs. Doctors in these countries prefer to be well paid working against AIDS than poorly working against all the other health problems, which creates a brain drain. Numerous children also suffer from diarrhea or asphyxia due to lack of basic care. The paradox is that countries where the foundation has invested most have seen their mortality rate increase, whereas it has improved in countries where the foundation was least involved.

We're living in a golden age. All you need is gold. -- D.W. Robertson.