Category Archives: Uncategorized
President Obama’s road to socialism
President Obama is just one year in office. It is clear that the President is leading this nation into socialism. Growing unemployment, carbon footprint regulations and energy dependence, nationalizing automotive industry and healthcare, dictating salaries and bonuses in the financial sector and big government expansion. It is an open war against American people and private [...]
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Free market solutions benefit everybody
The best example that I can think of is the credit card industry because I experienced it first hand. Here’s how it works:
Lenders lend money to people who by borrowing it can afford goods and services that they would not be able to afford without credit and pay it back over time. Merchants expand their [...]
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Credit card legislation – the story continues…
Here’s the latest update on the credit card legislation.
http://news.yahoo.com/s/ap/20100222/ap_on_bi_ge/us_credit_cards_new_law
But I personally think that it will be worse than that. It is not only consumers (American people) who will suffer because of this bill, but we’ll see merchant’s profits shrinking in a very fast pace due to decreased credit availability and many businessess will have to [...]
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Healthcare reform – How President Obama plans to create jobs….
President Obama still can’t find a solution to fix our economy after over one year of running the office and does not know how to create even one job. It seems to me that his only option is to pass the healthcare reform and take control over 20% of American economy. After this is achieved, [...]
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Credit Cardholders Bill of Rights -2009 HR 627 is just an illusion not a real help…
Consumers believe that president Obama really helped them by signing HR 627. But is it true? This bill exposed consumers to higher annual fees and late fees, decreased credit available on the market and as a result we all can see less consumer spending which is not helping in today’s economy. More credit – more [...]
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What can we learn from the Australian experience?
Interchange reform that took place in Australia was suppose to benefit consumers and merchants but not only it did not help consumers but also it destabilized the market and changed the way that credit card companies do business in there. Same thing happened in the US after president Obama signed into law Credit Card Consumer [...]
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Interchange under the radar again…
The battle over the interchange continues… The subject inspired a good deal of controversy over the past couple of years and continue its way to Congress. Merchant associations are fighting to bring the cost of credit card acceptance down every year by lobbying House members to craft a legislation which finally would regulate credit card [...]
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Great job opportunity in today’s hard economic times….
Are you looking for a career change or are you looking for a fresh start? Did you fall victim to today’s economy? There is still one part of our economy that has a lot to offer. It is the electronic payments industry ie. credit card processing. This business offers endless opportunities, unlimited earning potential for [...]
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Credit card processing fees – understand what you pay for…
Are you tired of not understanding your monthly processing statement? Would you like to find out what is the real cost of processing credit card transactions in your business?
My book will surely explain that and teach you how to avoid misleading and deceptive sales practices that may cost your business extra $$$.
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Healthcare Summit chess game