Illuminating study on the impact of human activities on earth.
The world’s population of 7.6 billion humans represent only 0.01% of earth’s biomass, but contribute to 83% of extinctions and have caused domesticated mammals to represent the 60% of earth’s mammals. Here is a direct video link.
Different country, same destructive lending models as in Canada and everywhere else. Mortgage Choice Limited, commonly known as Mortgage Choice, is a publicly listed Australian mortgage broking firm.
Mortgage Choice is in damage control as it faces an uprising from its franchisees on the back of a business model that is pushing many into financial ruin, depression and cutting corners on arranging loans. May 2018 documents reveal 215 franchisees — almost half the network — are failing to meet a monthly target of $1.5 million of new loan settlements.
See: ‘Desperate people do desperate things’: loan fraud alleged at giant
Here is a direct video link to an ABC Australia report.
Also see: Payday lenders are making bank on high-interest products:
“It’s the same predatory lending schemes in a different package,” said Diane Standaert, director of state policy at the Center for Responsible Lending. “What has remained unchanged for all these years is that the debt trap remains the core of the business model.”
Yesterday, the Social Security Board of Trustees released its annual report on the current and projected financial status of the US Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds. All of this has been entirely foreseeable. Years of short-term planning and under-funding have brought us to the sound of inevitability:
- The total annual cost of the program is projected to exceed total annual income in 2018 for the first time since 1982, and remain higher throughout the 75-year projection period. As a result, asset reserves are expected to decline during 2018. Social Security’s cost has exceeded its non-interest income since 2010.
- The year when the combined trust fund reserves are projected to become depleted, if Congress does not act before then, is 2034 – the same as projected last year. At that time, there will be sufficient income coming in to pay 79 percent of scheduled benefits.
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