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May 15th, 2017

Monday, May 15th, 2017

Identity Theft Insurance

By Bernard Pragides

As a result of increasing levels of identity theft, and identity theft related crimes, many companies are now offering new services to their clients to help protect them should such a thing occur. One of the most effective and useful services being provided is Identity theft insurance.

The way in which it works is, if your personal data or information is stolen, companies that could be affected by this, that you have insurance for, will allow for the insurance itself to cover the monetary costs that the crime could cause. The costs that it will cover includes things such as legal fees for defending yourself should the crime go to court and also the costs of telephone calls reporting the incident to various companies. Not only that, but it can also cover the costs of stamps and materials used to report the incident by post.

If loans, mortgages and finance or credit has been applied for in your name, and rejected, there are occasionally fees involved due to the rejection. Companies very often charge for the letters informing you of the rejected application etc. The identity theft insurance that you take out can cover these fees. It can also cover for any monetary loss in the case of wages where time has had to have been taken off to deal with the identity theft – days taken to report the incident, court appearances etc.

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Identity theft insurance is good because although you may think that this crime may not happen to you, whether you are extremely careful with your details or not, it still can happen and the question you need to ask yourself is, would you be able to survive having to pay all of the above things, should it happen? Legal fees, for one, are very expensive and obviously you will want a good attorney to defend your case. Everything costs money, and it is not fair for you to lose out because of a crime committed by someone else, but you do have to pay for the amount of protection that you would need. Obviously, different levels of covered costs differing amounts of money. You get the service you pay for. Some policies only cover against monetary lost in the way of credit card payments that have not been authorized by you. Others will include all of the above. Fee’s vary and you might want to spend some time working out which of the insurance policies will be the best one for you.

Identity theft insurance works in the same way as home insurance or life insurance does. You will have to pay a monthly fee, and this amount depends on the type of cover you want. A lot of the policies work in conjunction with your credit report and alert you if any changes have been made, for example, credit card or loan applications. If you do not pay your insurance, you will not be covered, and you may want to read the fine print to ensure that you are getting the best cover for you.

There are many companies that now offer identity theft insurance, and the key is to shop around for the one that you think would be best for you. There are a lot of websites that can compare these sorts of details for you and provide you with the company that offers a policy that best suits both your need and your budget.

About the Author: Author and internet entrepreneur Bernard Pragides offers expert advice and tips regarding identity theft. Learn more about identity theft and fraud by visiting his

identity theft blog

and his website http://www.IdentityProtek.com for more helpful information.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=230280&ca=Finances

Monday, May 15th, 2017

Ralph Nader calls out Democrats for financial bailout

 Correction — Aug 2, 2010 Nader referred to the 1999 repeal of the 1933 Glass-Steagal Act. The Wikinews article omitted the word “repeal” from the account of Nader’s speech. 

Sunday, October 5, 2008

Independent U.S. presidential candidate Ralph Nader had harsh words for the Democrats who engineered yesterday’s passage of the Emergency Economic Stabilization Act of 2008, a bailout of the U.S. financial system. At a campaign stop in Waterbury, Connecticut on Saturday, Nader said that Democrats passed up a chance to enact re-regulation of the financial system and instead gave Wall Street everything it wanted.

According to Nader, Senator Chris Dodd (D-CT), Representative Barney Frank (D-MA), and other Democrats considered but rejected measures such as a tax on transactions of derivatives (a “speculation tax”) because of their financial ties to Wall Street and its lobbyists. He said that Representative Chris Murphy (D-CT), who represents Waterbury, had “become a toady” of Nancy Pelosi. He drew enthusiastic applause by calling Murphy “a dynamic fraud”, and referred to Senator Joe Lieberman as “the Hermaphrodite of American Politics”. For Murphy and Representative Chris Shays (R-CT), Nader said, supporting the bailout despite the opposition of constituents was a “profile in betrayal”. Because there were no public hearings where taxpayers and experts could weigh in on the bailout, Nader characterized it as a return to “taxation without representation“—under “King George IV” 225 years after the 13 colonies were taxed under King George III.

Asked about causes of the financial crisis, Nader pointed to the deregulation of the financial sector with the 1999 Glass-Steagall Act and further deregulation in 2000, as well as the rise of overly complex financial derivatives. He outlined a four-part reform plan:

  1. Re-regulation of financial markets
  2. Increasing shareholder control of corporations
  3. Taxpayer equity as part of any bailout, as in the 1979 bailout of Chrysler Corporation
  4. Making speculators pay by enacting a 0.1% tax on derivatives transactions (which Nader said will amount to over $500 trillion this year)

Regarding the equity warrants included in the passed bailout, Nader relayed word from an unnamed source that Treasury Secretary Henry Paulson had told Wall Street executives “don’t worry, it’s not enforceable”.

Nader told reporters that he had abandoned the Green Party because “Greens are not disciplined, and they’re not mature”, and also lack the fund-raising capabilities to break into mainstream political discussions. “They bicker and bicker,” he said, pushing out their best people. However, he endorsed several local Green Party candidates, including Chris Murphy’s opponent Harold Burbank.

The virtual media blackout for third party campaigns by national newspapers and networks has been a source of continual frustration for the Nader campaign, as well as the campaigns of Libertarian Bob Barr and Green Cynthia McKinney and the post-campaign activities of Republican Ron Paul. According to Nader, reporters tell him that editors of national media are “very bigoted against third party and independent candidacies”. Even journalists for taxpayer-supported media, such as National Public Radio‘s Terry Gross and the Public Broadcasting Service‘s Jim Lehrer, have shut him out during this campaign. Debates, he lamented, are controlled by corporate interests through the Commission on Presidential Debates.

Nader spoke to a supportive crowd of about 60 people and his campaign raised over $2000 at the event, their third visit to Waterbury. The event took place in the former building of a closed-down bank.

Monday, May 15th, 2017

Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Monday, May 15th, 2017

Canada’s Don Valley East (Ward 33) city council candidates speak

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley East (Ward 33). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Zane Caplan, Shelley Carroll (incumbent), Jim Conlon, Sarah Tsang-Fahey, and Anderson Tung.

For more information on the election, read Toronto municipal election, 2006.