The reports were issued by the East-West Institute and by the Rand Corporation.
The cryptocracy is unbelievably transparent. If the United States was ready to take military action, you can be sure that both these groups would have issued reports justifying the action.
2. Credit Cards. The credit card bill now making its way though Congress seems to have some much needed reforms. The media, however, is reluctant to discuss the costs of the reforms. Here's what the Wall Street Journal has to say about the price:
"The new rules still allow card companies to raise interest rates on consumer's future charges. And they will do little to stop banks from cutting credit lines for consumers deemed risky. Issuers are already increasing rates for swaths of consumers ahead of the new rules as they try to protect against losses."
And:
"As banks look to off-set the loss in revenues from this new law, they will likely scale back their reward programs, bring back annual fees and make promotional offers less attractive, according to industry watchers. In the long run, the banking industry has said it will have to scale back available credit and raise interest rates for new customers, because banks will have to rework their risk models."
One way or another, the credit card issuers are going to maintain their profits.
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