by WALTER BRASCH It’s time to retire the 99 percent. Not the people, but the slogan that identifies the Occupy Movement. “We’re the 99 percent” slogan focused upon two completely different groups of people. The 99 percent are the masses, the impoverished, the disenfranchised, the middle class; the 1 percent refers to the concentration of wealth in the top one percent of the population and in the dominance of large corporate and global financial systems. The...
Posts Tagged ‘ Economic Recession ’
F.T.C. Fines Debt Collector $2.5 Million
In the midst of this economic recession (or depression) the F.T.C. has been cracking down on debt collectors who ”harass consumers for money they may not even be legally obligated to pay.” This is good news for consumers who have found themselves for whatever reason unable to pay their debts in this economy. In the second-largest penalty ever levied on a debt collector, the F.T.C. said that Asset Acceptance, one of the nation’s largest debt collection companies, had agreed to...
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