Tag Archives: trick

Preying on Poverty: How Government and Corporations Use the Poor as Piggy Banks

by Barbara Ehrenreich
Individually the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month’s rent. Mug a janitor and you will be lucky to get away with bus fare to flee the crime scene. But as Business Week helpfully pointed out in 2007, the poor in aggregate provide a juicy target for anyone depraved enough to make a business of stealing from them.

The trick is to rob them in ways that are systematic, impersonal, and almost impossible to trace to individual perpetrators. Employers, for example, can simply program their computers to shave a few dollars off each paycheck, or they can require workers to show up 30 minutes or more before the time clock starts ticking.

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest. When supplemented with late fees (themselves subject to interest), the resulting effective interest rate can be as high as 600% a year, which is perfectly legal in many states.

It’s not just the private sector that’s preying on the poor. Local governments are discovering that they can partially make up for declining tax revenues through fines, fees, and other costs imposed on indigent defendants, often for crimes no more dastardly than driving with a suspended license. And if that seems like an inefficient way to make money, given the high cost of locking people up, a growing number of jurisdictions have taken to charging defendants for their court costs and even the price of occupying a jail cell. ….

Read more » Common Dreams

Another trick by Punjab to oppose devolution

HEC’s devolution to provinces opposed

By Khawar Ghumman

ISLAMABAD, March 25: A former chairman of the Higher Education Commission (HEC) and incumbent president of the Pakistan Academy of Sciences, Dr Attaur Rehman has criticised the government`s decision to devolve the commission to the provinces.

Dr Rehman, the commission`s founding chairman who held the position from 2002 till late 2008, said at a press conference here on Friday that the decision would be a blow to the country`s higher education sector which had just started taking off after the huge investment that went into it over the past decade. …

Read more : DAWN