HIGHTOWER: GE Wants You to Go Into Debt

Here in Austin, Texas, there's a band that calls itself "Two Nice Girls." It's a three-girl band.Well it's easy to tell who's NOT nice in the world of credit-card finance: GE. Yes, General Electric, the global outfit that owns everything from nuclear power plants to NBC Television. It also owns a major consumer-finance empire that includes 3.7 million credit-card holders.Here's the not-nice part: The GE Capital Corporation has just announced that it will slap a fee on those of you who are so irresponsible that you actually pay-off your credit-card balances each month. That's right, if you do not go into debt and pay monthly interest to GE, you will be assessed an annual fee of twenty-five bucks. The message: shape-up, Go Into Debt!It seems that credit-card companies pile-up 75-percent of their profits on us suckers who don't pay-off our cards each month and end-up paying the companies' usurious interest rates. They DO make a profit on those who pay-off their balances in-full each month, but not enough to cause their shriveled banker's hearts to smile. If fact, GE has a term for cardholders who refuse to load-up on debt: "FREELOADERS."Is this a wacky world or what? Now, if you're not in debt, you're a deadbeat. General Electric concedes that its goal is to compel its customers to increase their debt. Even while Wall Street economists and Washington officials complain that we consumers are spending like there's no tomorrow.So here's the rundown: Merchants and credit-card companies urge us to spend, spend, spend; economists then scold us for not saving enough; and finally GE comes in for the kill by assessing a $25 fee if we don't run-up our credit charges.To stop the thievery and find the best deal on credit cards, contact Bankcard Holders at: 540/389-5445.

ACLU By ACLUSponsored

Imagine you've forgotten once again the difference between a gorilla and a chimpanzee, so you do a quick Google image search of “gorilla." But instead of finding images of adorable animals, photos of a Black couple pop up.

Is this just a glitch in the algorithm? Or, is Google an ad company, not an information company, that's replicating the discrimination of the world it operates in? How can this discrimination be addressed and who is accountable for it?

“These platforms are encoded with racism," says UCLA professor and best-selling author of Algorithms of Oppression, Dr. Safiya Noble. “The logic is racist and sexist because it would allow for these kinds of false, misleading, kinds of results to come to the fore…There are unfortunately thousands of examples now of harm that comes from algorithmic discrimination."

On At Liberty this week, Dr. Noble joined us to discuss what she calls “algorithmic oppression," and what needs to be done to end this kind of bias and dismantle systemic racism in software, predictive analytics, search platforms, surveillance systems, and other technologies.

What you can do:
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