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From: Smiling Bob	4/25/2012 5:45:24 AM
	1 Recommendation of 91221

Jailed for $280: The Return of Debtors' Prisons By Alain Sherter \| CBS MoneyWatch – Mon, Apr 23, 2012 1:40 PM EDT Share221 EmailPrint How did breast cancer survivor Lisa Lindsay end up behind bars? She didn't pay a medical bill -- one the Herrin, Ill., teaching assistant was told she didn't owe. "She got a $280 medical bill in error and was told she didn't have to pay it," The Associated Press reports. "But the bill was turned over to a collection agency, and eventually state troopers showed up at her home and took her to jail in handcuffs." Although the U.S. abolished debtors' prisons in the 1830s, more than a third of U.S. states allow the police to haul people in who don't pay all manner of debts, from bills for health care services to credit card and auto loans. In parts of Illinois, debt collectors commonly use publicly funded courts, sheriff's deputies, and country jails to pressure people who owe even small amounts to pay up, according to the AP. [Related: 5 Strategies to Pay Down Credit Card Debt] Under the law, debtors aren't arrested for nonpayment, but rather for failing to respond to court hearings, pay legal fines, or otherwise showing "contempt of court" in connection with a creditor lawsuit. That loophole has lawmakers in the Illinois House of Representatives concerned enough to pass a bill in March that would make it illegal to send residents of the state to jail if they can't pay a debt. The measure awaits action in the senate. "Creditors have been manipulating the court system to extract money from the unemployed, veterans, even seniors who rely solely on their benefits to get by each month," Illinois Attorney General Lisa Madigan said last month in a statement voicing support for the legislation. "Too many people have been thrown in jail simply because they're too poor to pay their debts. We cannot allow these illegal abuses to continue." Debt collectors typically avoid filing suit against debtors, a representative with the Illinois Collectors Association tells the AP. "A consumer that has been arrested or jailed can't pay a debt. We want to work with consumers to resolve issues," he said. Yet Illinois isn't the only state where residents get locked up for owing money. A 2010 report by the American Civil Liberties Union that focused on only five states -- Georgia, Louisiana, Michigan, Ohio, and Washington -- found that people were being jailed at "increasingly alarming rates" over legal debts. Cases ranged from a woman who was arrested four separate times for failing to pay $251 in fines and court costs related to a fourth-degree misdemeanor conviction, to a mentally ill juvenile jailed by a judge over a previous conviction for stealing school supplies. According to the ACLU: "The sad truth is that debtors' prisons are flourishing today, more than two decades after the Supreme Court prohibited imprisoning those who are too poor to pay their legal debts. In this era of shrinking budgets, state and local governments have turned aggressively to using the threat and reality of imprisonment to squeeze revenue out of the poorest defendants who appear in their courts." [Related: Spring Cleaning for Your Financial Records] Some states also apply "poverty penalties," including late fees, payment plan fees, and interest when people are unable to pay all their debts at once, according to a report by the New York University's Brennan Center for Justice. Alabama charges a 30 percent collection fee, for instance, while Florida allows private debt collectors to add a 40 percent surcharge on the original debt. Some Florida counties also use so-called collection courts, where debtors can be jailed but have no right to a public defender. "Many states are imposing new and often onerous 'user fees' on individuals with criminal convictions," the authors of the Brennan Center report wrote. "Yet far from being easy money, these fees impose severe -- and often hidden -- costs on communities, taxpayers, and indigent people convicted of crimes. They create new paths to prison for those unable to pay their debts and make it harder to find employment and housing as well to meet child-support obligations." Such practices, heightened in recent years by the effects of the recession, amount to criminalizing poverty, say critics in urging federal authorities to intervene. "More people are unemployed, more people are struggling financially, and more creditors are trying to get their debt paid," Madigan told the AP.

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From: Smiling Bob	4/25/2012 5:49:05 AM
	of 91221

Up up and away Recession and BRIC downgrades traditionally bullish We ignored the EZ drop the other day Now that Europe is up, I bet we're best buds again ---- Britain falls back into recession in first quarter By William L. Watts Economic Report April 25, 2012, 5:17 a.m. EST The British economy shrinks unexpectedly by 0.2% in the first quarter of 2012, contracting for a second consecutive quarter to meet a widely-used definition of recession. Full Story USD/GBP /quotes/zigman/4867886/sampled GBPUSD 1.6094 -0.0051 -0.3175% EUR/GBP /quotes/zigman/4868107/sampled EURGBP 0.8210 +0.0036 +0.4376% See All Quotes (2) 5:09a Use of ECB standing facilities ease slightly By MarketWatch.com April 25, 2012, 5:09 a.m. EST FRANKFURT (MarketWatch) -- Banks' use of the European Central Bank's deposit and marginal lending facilities, jointly also known as standing facilities, declined slightly Tuesday compared with Monday, ECB data showed Wednesday. Full Story 4:56a Bankinter profit up 1.8% as lending income jumps By Darcy Crowe April 25, 2012, 4:56 a.m. EST Bankinter, one of the few Spanish lenders not heavily exposed to the country’s ailing real-estate sector, posts 1.8% rise in net profit, the latest sign that the bank remains shielded from the woes engulfing the country’s financial sector. Full Story 4:51a PBOc: China outstanding property loans up 10.1% By MarketWatch.com April 25, 2012, 4:51 a.m. EST Outstanding property loans at China's banks denominated in yuan were 10.1% higher at the end of March compared with a year earlier, the country's central bank said Wednesday. That pace of growth was slower than the 13.9% increase posted at the end of last year, the People... Full Story 4:48a FTSE 100 inches higher, resources, ARM rise By Sara Sjolin London Markets April 25, 2012, 4:48 a.m. EST The U.K. stock index heads for a second straight days of gains on Wednesday, as ARM Holdings key off strong Apple results and resource firms move higher on the back of rising commodity prices. Full Story FTSE 100 Index GBP /quotes/zigman/3173262 UKX 5,728.36 +18.87 +0.33% ARM Holdings PLC /quotes/zigman/254777 ARM 553.50 +22.00 +4.14% See All Quotes (21) 4:45a Most Asia markets up on techs, China developers By V. Phani Kumar Asia Markets April 25, 2012, 4:45 a.m. EST Japanese and Taiwanese stocks rise as strong results from Apple Inc. boost technology firms, while mainland Chinese stocks climb on expectations Beijing may loosen its monetary policy spurred property developers. Full Story NIKKEI 225 Index /quotes/zigman/5986735 100000018 9,561.01 +92.97 +0.98% Taiwan Weighted Index /quotes/zigman/1565586 Y9999 7,563.18 +64.34 +0.86% See All Quotes (29) 4:41a Britain falls back into recession; GDP shrinks By William L. Watts April 25, 2012, 4:41 a.m. EST FRANKFURT (MarketWatch) -- The British economy shrank for a second consecutive quarter in the first three months of 2012, meeting a widely-used definition of recession, according to data released Wednesday by the U.K. Office for National Statistics. First-quarter gross... Full Story 4:33a British economy falls back into recession 4:32a British GDP contracts 0.2% in first quarter 4:22a Electrolux sees sustained growth as profit rises By MarketWatch.com April 25, 2012, 4:22 a.m. EST -- Electrolux sees sequential improvement as first quarter earnings beat expectations -- Earnings boosted by higher prices, volumes -- Prices key to boosting North American earnings in 2012 (Adds detail, comment in fourth to seventh paragraphs, rewrites eighth and ninth... Full Story Electrolux AB ADS /quotes/zigman/177538 ELUXY 41.22 +1.56 +3.93% Whirlpool Corp. /quotes/nls/whr WHR 66.33 +0.60 +0.91% See All Quotes (4) 4:22a France's Hollande seeks to soothe pact worries By MarketWatch April 25, 2012, 4:22 a.m. EST FRANKFURT (MarketWatch) -- Francois Hollande doesn't want to undo Europe's recently-agreed fiscal pact but wants to expand it by adding tools designed to promote economic growth, a top adviser to the French Socialist presidential candidate said, according to the Financial... Full Story 4:07a Europe stocks jump with banks in the lead By Sara Sjolin Europe Markets April 25, 2012, 4:07 a.m. EST Most European stock markets continue to rise on Wednesday, with Spanish banks driving gains after solid results from BBVA, while tech stocks rally on the back of Apple’s surprisingly strong earnings. Full Story STOXX Europe 600 Index EUR /quotes/zigman/2380150 SXXP 256.39 +2.02 +0.79% Temenos Group AG /quotes/zigman/284861 TEMN 16.25 +2.05 +14.44% See All Quotes (29) 4:05a S&P cuts India's long-term outlook to negative By Nick Godt April 25, 2012, 4:05 a.m. EST MUMBAI (MarketWatch) - Standard & Poor's on Wednesday said it lowered its outlook on India's long-term credit rating to negative from stable, citing concerns over the country's economic growth and its "large fiscal deficit and debt". The rating agency affirmed India's BBB... Full Story Bombay Sensex Index /quotes/zigman/1652085 1 17,163.04 -44.25 -0.26% See All Quotes (1) 3:51a Unipetrol swings to net loss on higher crude costs By MarketWatch.com April 25, 2012, 3:51 a.m. EST PRAGUE -(MarketWatch)- Czech petrochemical holding Unipetrol AS BAAUNIPE.PR swung to a net loss in the first quarter on higher crude costs, earnings released Wednesday showed. MAIN FACTS: -Unipetrol's first-quarter net loss was 361 million koruna ($19.2 million)... Full Story Unipetrol a.s. ADS /quotes/zigman/602553 UNPTY 0.00 0.00 0.00% See All Quotes (3) 3:50a Canon lifts profit outlook as yen strength eases By MarketWatch.com April 25, 2012, 3:50 a.m. EST -- Canon reports 11% rise in net profit for the first quarter -- Canon lifts full-year net profit outlook to Y290 from prior forecast of Y250 billion -- Canon's new forecasts based on expectations for a weaker yen compared with earlier projections (Adds CFO's comments in... Full Story Canon Inc. ADS /quotes/nls/caj CAJ 46.42 +0.32 +0.69% See All Quotes (2) 3:47a ACS is in advanced talks to sell Abertis stake By MarketWatch.com April 25, 2012, 3:47 a.m. EST MADRID (MarketWatch) -- Spanish construction company Actividades de Construccion y Servicios SA (ACS.MC) said Wednesday it is in advanced talks to sell its stake in Spanish toll-road concessionaire Abertis Infraestructuras SA (ABE.MC) to the toll-road company and others... Full Story CaixaBank S.A. ADS /quotes/zigman/7619781 CAIXY 0.00 0.00 0.00% See All Quotes (7) 3:21a Europe stocks higher, led by BBVA, Siemens, ARM

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To: Lazarus who wrote (65411)	4/25/2012 6:55:51 AM
From: Horgad	24 Recommendations of 91221

Celente was screwed by not going straight to physical and this is part of your argument for not going physical? By the way, if you have been paying attention Celente and others were buying PMs by taking delivery on paper to put pressure on the rigged system and hopefully maybe one day force it into the sunlight. And then "coincidently" and conveniently kaboom goes MF global and the money is partially returned instead of the physical that was being requested. Celente and others are heroes for attempting to expose that shit and you mock them because some fuck figured out a way to sucker punch them?

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