Payroll cards: “It costs too much to get my money” (#OWS) | mathbabe.
Just to be clear, these fees are illegal in the context of credit cards, but financial regulation has not touched payroll cards yet. Yet another way that the poor are financialized, which is to say they’re physically and psychologically separated from their money. Get on this, CFPB!
Update: an excellent article about this issue was written by Sarah Jaffe a couple of weeks ago (hat tip Suresh Naidu). It ends with an awesome quote by Stephen Lerner: “No scam is too small or too big for the wizards of finance.”
I Got Raped, Then My Problems Started | VICE United States.
Open data can promote social injustice..
Bottled-water purchase leads to night in jail for UVa student – The Daily Progress: News.
The Technium: Personal Shadow Outsourcing.
If anything, poor and middle class students are extra likely to get stuck in unpaid internships. Rich kids, by and large, seem to prefer collecting a paycheck.
Such were the findings of a fascinating 2010 study conducted for Intern Bridge, a consulting firm that specializes in college recruiting, and one of the few major sources of data on the internship market. After analyzing survey responses from thousands of college students, the paper concluded: "Our findings do not support the common contention that students from the wealthiest families have greater access to unpaid internships, even among most for profit companies. Low income students have a much higher level of participation in unpaid internships than students from high income families."
Bank of America whistle-blower’s bombshell: “We were told to lie” – Salon.com.