Money and Computing
Consumer Financial Protection Bureau: Tricking Consumers Into Expensive Pay-by-phone Fees
The Consumer Financial Protection Bureau is concerned about companies misrepresenting the purpose and amount of pay-by-phone fees, which can result in consumers incurring charges for services they don't need. For example, a recent Bureau enforcement action alleged that a company and its service provider misled consumers into paying a $14.95 pay-by-phone fee by deceptively calling it a "processing" charge. The fee was actually for posting payment to the account the same day. more »
Elaine Soloway's Rookie Widow and Transplant Series: Public Transit, Treasure Hunt and Coin-Operated Laundry
"Can you get Felix off his screen?" were daughter Jill's first words after her welcoming hug. My six-year-old grandson was prone on the couch, his eyes focused on an electronic pad and his thumbs swiftly pressing buttons. I considered my daughter's challenge as one crucial for me to accept and win. I took a few moments to contemplate their backyard. It held a lemon tree, Ping-Pong table, hammock, outdoor sofa, potted plants, a coiled water hose, and other items I could foresee as props in a game. "How about a treasure hunt?" I said to Felix. more »
Generations of War: The Rise of the Warrior Caste and the All-Volunteer Force
In the report "Generations of War: The Rise of the Warrior Caste and the All-Volunteer Force," the Center for a New American Security" Research Associate Amy Schafer writes that the trend of military service being passed from generation to generation has created a warrior caste in which a small section of the population bears the burden of America's wars. The report examines the risks and benefits associated with a warrior caste, but advocates against returning to conscription. more »
A Stanford Faculty Spotlight: Should Retirement Be the End Goal for Individuals Entering the Workforce?
"The idea that you can support a 20-year retirement with 30 years of work is outdated. And can't continue. It's just not sustainable. So as lifespans increase, then if retirements start at the same age, then retirements just get longer and longer. And I think the idea that we can continue to support a longer and longer retirement with — without changing the length of work is unreasonable going forward." more »