The scam letter a Brick homeowner got in the mail recently is enough to send an electric jolt into any homeowner.
The Ocean County Prosecutor’s office and Provident Bank are warning New Jersey residents that the letter is a scam.Read more from Asbury Park Press. Click here.
by Bo McDonald, YOUR MARKETING CO
Sorry for the misleading title. I don’t love Wells Fargo. Actually, a mortgage that I did through my credit union several years ago was sold off to Wells Fargo and “love” is not even close to the term that I would use to describe my feeling towards them. However I must be in the minority because Wells Fargo Chief Marketing Officer Jamie Moldafsky says “We do know that our customers tend to really love us…”
Is it their great rates or great service? I’m willing to make a bet it’s not. So what is he talking about? “Part of what makes us successful is that we are very omnichannel, and we consciously think about the fact that our customers are going to engage with us across these channels” Moldafsky says. Is your credit union barking up the wrong marketing tree with it’s message? Are you still using outdated language and delivery channels to make a dent in the goal of “reaching out to younger members?”
Two former Clinton aides at the State Department had received bonuses when they left their bank jobs.
WASHINGTON — Democratic presidential candidate Hillary Clinton announced her support Monday for legislation that would ban “golden parachutes” for private sector employees, like Wall Street bankers, who take jobs with the federal government.
The Financial Services Conflict of Interest Act, which is sponsored in the Senate by Tammy Baldwin (D-Wis.) and in the House by Elijah Cummings (D-Md.), would ban golden parachutes and crack down on other conflicts of interest in government. Progressive groups, who believe that the revolving door between the private sector and the government fosters corruption, had written a letter to Clinton last week asking her to clarify whether she supported the legislation. Sen. Elizabeth Warren (D-Mass.) has called it “a bill any presidential candidate should be able to cheer for.”
Clinton voiced her support for the bill in an op-ed for The Huffington Post co-written with Baldwin. Their blog post argues that government workers with private sector experience are usually an “asset, and not a liability,” but “in some cases it can affect the public trust — for example, if a public servant’s past and future are tied to the financial industry. That’s when people start worrying that the foxes are guarding the hen house.”
Interesting but can Ms. Clinton explain to the voters why 90 percent of the top 20 contributors to her are corporations or provide services to corporations?:
By the way, 95 percent of the top 20 contributors to Bernie Sanders are unions. You can read more from Truthout. Click here.
Wal-Mart Stores Inc., in the midst of spending $1 billion to raise employees’ wages and give them extra training, has been cutting the number of hours some of them work in a bid to keep costs in check.
Regional executives told store managers at the retailer’s annual holiday planning meeting this month to rein in expenses by cutting worker hours they’ve added beyond those allocated to them based on sales projections.
The request has resulted in some stores trimming hours from their schedules, asking employees to leave shifts early or telling them to take longer lunches, according to more than three dozen employees from around the U.S. The reductions started in the past several weeks, even as many stores enter the busy back-to-school shopping period.
Chief Executive Officer Doug McMillon is trying to balance a desire to improve service — partly through increased spending on his workforce — against investors’ pressure to keep profit growing. Labor costs, which rose after Wal-Mart increased its minimum wage to $9 an hour in April, have weighed on earnings, which missed analysts’ expectations last quarter. At the same time, Wal-Mart is trying to maintain low prices to fend off rivals.
Posted in Uncategorized
Sen. Bernie Sanders’ full State of the Union interview with Jake Tapper.
SAN FRANCISCO (CN) – A federal judge approved the settlement of a class action that claimed Bank of America didn’t give its loan officers accurate wage statements.
A group of loan officers sued Bank of America in 2010, claiming the bank gave them inaccurate wage statements in violation of California law.
While U.S. District Judge Jon Tigar gave preliminary approval to the settlement in late 2014, at a fairness hearing earlier this year he critiqued the parties’ proposed plan for providing notice to the class. The parties have since cleared that hurdle, Tigar said.
“The parties have shown that the class administrator has fulfilled the notice plan by correctly preparing the class list, mailing notice to class members via first class mail, and performing address traces to re-mail the notice to class members whose mail was returned undeliverable,” he wrote in a 21-page order.
He added: “Plaintiffs acknowledge that, if the settlement is not approved, they will encounter significant obstacles in establishing their claims, given the uncertainties surrounding class certification and their ability to prove defendant’s intent to violate the California Labor Code, which is required to obtain large penalties under the code.”
Here is the court document. Click here.
Wow, I didn’t know that. My posting about Cuomo’s GE deal was retweeted by Semma Sapra. Here is Semma’s profile:
Lawyer-petitioner-witness in whistle-blower corruption petition against General Electric Company & Railways in Delhi High Court.
What I didn’t know is that how GE is breaking the law in India! Thanks Semma for sharing:
FCPA alert- General Electric paid bribes to Indian public officials using third party contractor – Aartech Consultants India Private Limited
Saturday, August 15, 2015
In June and July 2010, Seema Sapra an attorney in India working then as in-house legal counsel for General Electric in India and advising the GE Transportation team in its efforts to bid for Indian Rail contracts including the tenders for the proposed diesel locomotive factory at Marhowra and the proposed electric locomotive factory at Madhepura was asked to review and approve the renewal of a third party contractor/ consultant contract between General Electric and an Indian privately held company called Aartech Consultants Private Limited.
FCPA obstruction of justice by & cover-up alert – Fraud on General Electric Company, Delhi High Court & Government of India by GE lawyers
Complaint made to US SEC against General Electric Company on15 August 2015 – TCR – Reference Number: TCR1439646785831
In-house counsel and lawyers for General Electric Company substituted a fake representative/ signatory in a corruption legal case in India as part of an obstruction of justice conspiracy and in the process violated General Electric Company’s own Board Resolution on who can represent the Company in Court. The Question is will the United States’ SEC, the Department of Justice, and the FBI allow General Electric Company lawyers to violate the Company’s own board resolution with impunity in India?
Former General Electric in-house counsel Seema Sapra filed a legal proceeding in the Delhi High Court (Writ Petition Civil No. 1280 of 2012) against General Electric Company and two Indian subsidiaries (GE India Industrial Private Limited and GE Global Sourcing India Private Limited).
The Delhi High Court issued notice in this matter to General Electric Company, GE India Industrial Private Limited and GE Global Sourcing India Private Limited on 7 March 2012. A copy of the Delhi High Court order dated 7 March 2012 can be viewed on the Delhi High Court website at http://delhihighcourt.nic.in/dhcqrydisp_o.asp?pn=49717&yr=2012
And from Seema’s latest tweet on August 31 and on her blog, she stated that she being poisoned because of blowing the whistle on GE. Click here to read.
Posted in Uncategorized
After years of struggling financially, Susan Rick thought things were looking up when her boyfriend won $250,000 from the Illinois Lottery last month. She could stop working seven days a week, maybe fix up the house and take a trip to Minnesota to visit her daughter.
But because Illinois lawmakers have not passed a budget, she and her boyfriend, Danny Chasteen, got an IOU from the lottery instead.
“For the first time, we were finally gonna get a break,” said Rick, who lives in Oglesby. “And now the Illinois Lottery has kind of messed everything up.”
Posted in Uncategorized
Global markets are bracing for Chinese data on Tuesday which is expected to show the world’s second-largest economy is continuing to lose momentum.
A Reuters poll showed China’s official factory sector activity likely fell to a 3-year low.
New York Gov. Andrew Cuomo last week proudly declared that he had successfully lured General Electric into “coming home.” It took $50 million in taxpayer subsidies to convince the company to build a new manufacturing facility in upstate New York, but this was money well spent, Cuomo asserted, noting that GE used to be “such a big part of this community and provided so many jobs and was such a vital player in this community.” Cuomo is now pushing to authorize an additional, undisclosed amount to entice GE to also relocate its corporate headquarters from Connecticut back to New York, some 40 years after it left.
The welcoming rhetoric from the New York governor, a Democrat, presents a stark change from recent years, in which GE was known throughout the state as a large-scale industrial polluter: During the mid-20th century, the company dumped more than one million pounds of chemicals linked to cancer into the Hudson River.
Posted in Uncategorized
justiceleague00
Justice League 