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Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the credit cards, that pays the bills, but the real profits come from the interest payments and the charges to users that are unexpected.
Billy Jean King could not get credit when her husband was in law school and she was winning the Wimbledon, because he had to sign the cards. You know, you had these cases in the '70s of women who were mayors who couldn't get credit unless their husbands signed for them.
You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and more behind every month. You don't see an end. But you don't want to file bankruptcy either. What you can do - and should do - is negotiate.
If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government.
If you decide you need a secured card, use it to charge small items every month, then pay the balance off in full. If your credit score improves, and the bank doesn't offer to upgrade your card within 12 to 18 months, give them a call. If they refuse, try another lender.
There is an attitude that we should be able to have everything. No, you shouldn't be able to have anything. I'd like a helicopter, but I can't afford a helicopter, so I don't buy one. People are buying stuff they can't afford on credit. I bought my Ford hybrid with cash.
And I have to credit David Jacobs with the opportunities he gave me. He was totally into sharing the creation of characters. David put together a show that told the story of people over many years' time and that was greatly enjoyable. Though nowadays that is frowned upon.
The emergence of Uber X was really the most important pivot maybe in the history of Silicon Valley. It's a vast majority of Uber's revenues, and so that flexibility and the rapid growth and the fighting the battles, it's all Travis. You can't take any credit away from him.
We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank.
As the financial experts all over the world use machines to unwind Gordian knots of financial arrangements so complex that only machines can make - 'derive' - and trade them, we have to wonder: Are we living in a bad sci-fi movie? Is the Matrix made of credit default swaps?
They're sheep. They like Bush enough to credit him with saving the nation after 9/11. Three thousand people get killed, and everybody thinks they're next on the list. The president comes along, and he's got his six-guns strapped on, and people think he's going to save them.
Strong credit markets give companies borrowing options to boost their stock prices while making bearish investors scramble to close out trades before losing any more money, both of which then push the stock market even higher and continue the self-reinforcing bullish cycle.
They saw that it was a passion of mine from really young... My parents did a good job. They wanted me to win. They let me do all these things. If some old guy came to the house asking, 'I want your kid to sign a contract,' they were so open to it. Yeah, I credit them loads.
Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way youd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.
Yes, your kids should go to school. No, you shouldn't bankroll their degree whatever the cost. You've spent your life creating a sound financial plan; don't upend it by suspending your retirement savings or taking out a home equity line of credit to pay for a pricey college.
An education system where student selection is based on credit capacity and not merit capacity and where graduating students are no longer indebted to the nation, but increasingly indebted to the Australian Taxation Office - that's no way to improve the quality of education.
Restore, without delay, the equilibrium between revenue and expenditures, which has done so much to destroy our credit and derange the whole fabric of government. If that should not be done, the government and country will be involved, ere long, in overwhelming difficulties.
It's just that back then we didn't know that was considered being a coproducer. I would sit on the side and say what I wanted musically, but at the time we thought if you aren't the one playing it, you don't get the credit. Now you'll start seeing my name listed as producer.
I believe in fate. Sometimes that means an old bearded guy sitting on a cloud and pulling the strings; sometimes it means random atoms swirling through a cheerless universe; sometimes it means everything being preordained thanks to your karma credit from your previous lives.
Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way you'd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.
There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud. You can apply that rule to left-wing social programs, but you can also apply that rule to credit derivatives, hedge funds, all the rest of it.
Our co-founder and company president, Jim Levy, came from a record industry background and understood the marketing and promotion of artists as well as products. So the video game business went from absolutely zero designer credit to something approaching rock star promotion.
Well, we lost a lot of our independence already. We are dependent on China for credit. We are dependent on Middle Eastern countries for energy supplies. And many Americans are dependent on the government for their income, health care, education of their children, food stamps.
Everything that we do affects our fate for better or for worse. The circumstances into which we are born also exert a tremendous influence; we come into the world with debits and credits for which we are not responsible already posted to our account: this teaches us humility.
I'm the treasurer of the state of Ohio, where, when the United States credit rating was downgraded for the first time in American history, and 14 government funds around the country were downgraded, we earned the highest rating we could earn on our $4 billion investment fund.
There are lots of things about Amazon for which they deserve credit. They're innovative. There are lots of very, very happy Amazon customers. I'm not here to dispute that Amazon has been personally good for me or to say that they haven't been, so far, good to their customers.
Like anyone, I stress and get hard on myself from time to time, but it's minute compared to the pressure I used to put on myself to perform and succeed. To my kids' credit, they've probably helped me the most here: I'm more worried about what they're doing than what I'm doing!
I think the most important thing to understand about credit derivatives and their use at JPMorgan is they served a number of different purposes. First and foremost, they were a tool which initially was seen as being useful in managing the bank's own risk management challenges.
What he'd never understood about men in his position, in all the books he'd read and movies he'd seen about them, was clearer to him now: you couldn't keep expecting wholehearted love without, at some point, requiting it. There was no credit to be earned for simply being good.
If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.
If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don't just say, 'I'm not going to file.' There are ways to deal with these things, but you must communicate with your creditors, whether it's a credit card company or tax department.
What it takes is to actually write: not to think about it, not to imagine it, not to talk about it, but to actually want to sit down and write. I'm lucky I learned that habit a really long time ago. I credit my mother with that. She was an English teacher, but she was a writer.
Most sketch aficionados have an enormous amount of respect for 'Mr. Show.' I didn't have HBO back then, so I was always trying to find episodes. Bob Odenkirk and David Cross became celebrities, and Jay Johnston - who's lesser known, but brilliant - deserves a lot of credit, too.
Corrupt influence is itself the perennial spring of all prodigality, and of all disorder; it loads us more than millions of debt; takes away vigor from our arms, wisdom from our councils, and every shadow of authority and credit from the most venerable parts of our constitution.
I respect the Forces... but civil services also have a contribution to make. They are there to bridge administration with Forces. They are critical, and I give credit to them. I don't claim to have done miracles in bridging it, but I have just said the two lines can go parallel.
Here's my rule: You always want to pay cash for your own books, because if they look at the name on the credit card and then they look at the name on the book jacket, then there's this look of such profound sympathy for you that you had to resort to this. It really is withering.
Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market.
We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.
I was one of the first to read the 'ER' script and the good news is George Clooney still gives me credit for helping to launch his career. I had George Clooney under contract for four years in a row before 'ER' happened. He's one of the few who remembers the people who helped him.
The influences that have lifted the race to a higher moral level are education, freedom, leisure, the humanizing tendency of a better-supplied and more interesting life. In a word, science and liberalism . . . have accomplished the very things for which religion claims the credit.
I know people think we drive around in these nice cars and we do whatever we want and our parents will pay our credit cards, but that's not the case. Sure, my parents were generous; I got a nice car at 16, but at 18 I was cut off. I've worked really hard. I opened the store myself.
I never considered I might make a career out of writing as I was going to school, so when I did turn my attentions that way, I was very ill prepared, having only what I read as a guide, and no formal training whatsoever. I credit that very ignorance with a great deal of my success.
The larger the unit of capital present, the easier the transaction called emission of credit. Centralized lending of this kind (which is today universal) actively promotes the absorption of the small man by the great, the reduction of small property owners to a proletarian condition.
I give my grandfather, Dr Harold Young, a forestry Professor at the University of Maine, full credit for my career path. He pioneered the use of aerial photography in forestry in the 1950s, and we think he worked as a spy for the CIA during the Cold War, mapping Russian installations.
The broken consumer credit market had to be repaired by making sure that consumers had the right information and could use it effectively. That meant consolidating the bloated patchwork of ineffective agencies and regulations so that a single agency could act as a voice for consumers.
There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks.
Whether history will view Ronald Reagan as a great president depends, more than anything else, on one question: how much credit does he deserve for the fact that the Cold War ended far earlier than almost anyone suspected - and on terms that Americans had fantasized about for 45 years?
It is with honesty in one particular as with wealth,--those that have the thing care less about the credit of it than those who have it not. No poor man can well afford to be thought so, and the less of honesty a finished rogue possesses the less he can afford to be supposed to want it.
The ancient universities was not as based on how many credit hours you're taking and whether you've completed your credit hours. The ancient universities were much more interested in customized, personalized learning... Where you have a mentor and where you're learning at your own pace.
Women are problem solvers, and often we don't get much credit for that because the typical image of a leader is someone who's loud, obnoxious, chest-pounding. That's not my vision of what true leadership is; true leaders are the ones who work with great commitment to get something done.