Background of the Federation of Organized Trades and Labor Unions
The American Federation of Labor
Founded: December 8, 1886 was a national federation of labor unions in the United States founded in Columbus, Ohio, in December 1886 by an alliance of craft unions disaffected from the Knights of Labor, a national labor association.
American Federation of Labor-Congress of Industrial Organizations (AFL-CIO), American federation of autonomous labor unions formed in 1955 by the merger of the AFL (founded 1886), which originally organized workers in craft unions, and the CIO (founded 1935), which organized workers by industries. https://chroniclingamerica.loc.gov/lccn/sn83045211/1919-09-15/ed-1/seq-3/
GOOGLE DARPA’s Regina Dugan Joins Google 2013
Her push into crowdsourcing and outreach to the hacker community were eye-openers in the often-closed world of military R&D. Dugan also won over some military commanders by diverting some of her research cash from long-term, blue-sky projects to immediate battlefield concerns. ~ wired.com
#AMAZON Corporation Welfare Queen Leeches
Not 1 dollar paid in taxes from the Richest Man in America thanks to their loopholes from bankrolled politicians and their lobbies.
Trump cheered on Bob Kraft’s Patriots team in the Super Bowl at Mar-A-Largo on February 3rd, where he took this photo with Li Yang the owner of the Jupiter, Florida sex spa that Kraft would be caught on camera visiting just hours later on the same day.
Li Yang, 45, posed with Donald Trump during the Super Bowl while rooting for the Patriots.
Two weeks later, authorities would charge the team owner, Robert Kraft, with soliciting prostitution at a spa in Jupiter that Yang had founded.
President Trump went to bat for his friend Robert Kraft after the owner of the New England Patriots was charged with soliciting prostitution. The Miami Herald has now unearthed an odd link between Trump and the Kraft story, showing the president—as well as members of his family, including sons Don Jr. and Eric—posing for pictures with the founder of the Florida day spa where Kraft is accused of having received sexual services. One picture posted by the Herald shows Li Yang (aka Cindy Yang)—who founded the Tokyo Day Spa in Jupiter, since renamed Orchids of Asia Day Spa, where authorities say Kraft was caught on camera paying for oral sex—posing with Trump at the president’s Super Bowl party last month at his West Palm Beach country club. But that’s not where the ties between the two, nor Yang’s seemingly new political engagements, cease.
Yang, who sold that spa in 2013, has, per the Herald, “become a fixture at Republican political events up and down the East Coast” since Trump took office, and her Facebook page is plastered with pics of herself with Trump, his sons, and other GOPers like Florida Gov. Ron DeSantis and Sen. Rick Scott. Yang, “who offered no evidence of political engagement” before 2016, and her family have also donated tens of thousands of dollars to Trump’s campaign and a PAC, and she’s been asked by the White House to participate in more than one advisory commission event. Although Yang wasn’t charged in the Kraft sting—none of those shut-down spas are registered to her or her relatives—her family remains in charge of other spas in the state, and they’ve been on law enforcement’s radar for possible illicit sex activity.
newzer http://www.newser.com/story/272307/founder-of-spa-tied-to-robert-kraft-has-ties-with-trump-too.html
Why did the U.S. get into the college loan business in the first place? Tax Dollars, came from the people, to be spent for the people to protect the welfare of the United States.
To Protect the Welfare of the United States.
In 1957 the Russians launched Sputnik. Student loans tied to help the U.S. compete technologically and scientifically with the Soviet Union.
President Dwight Eisenhower heeded calls to improve science and technical education by establishing a low-interest college-loan program through the National Defense Education Act of 1958 – with loan dollars coming straight from the government.
That name comes from the original name back in the ’70s, Student Loan Marketing Association. Sallie Mae (official name: SLM Corporation) was born as a government-sponsored enterprise.
PRIVATIZED PUBLIC INSTITUTIONS
Rethuglican Gorden Gecko greed is good wanted all that loan sharking revenue from public money put in their pocket.
It was no longer about the welfare of the United States it is now all about Gorden Gecko greed is good profit taking for the public sector. That is why politicians allow it to continue. It’s great for wall street GGs they want their returns made from enslaving the American Public.
‘I don’t want to be the forbearer of bad news, but forbearance actually increases your interest over time. An income-based repayment plan would be more fiscally responsible.’
—Comedian John Hodgman on his fictional student-loan game show
2014 The president and CEO of Sallie Mae BECAME Navient’s CEO. Sallie Mae kept the company’s consumer banking operations, and new private student loans will originate from and be serviced by a private corporation.
Navient originates federally guaranteed student loans. It will also service private student loans that Sallie Mae currently holds.
NavientCEO Jack Remondi, Warren audited by the Department of Education. The program includes multiple loan types and over 50 different repayment statuses. It is safe to say that the federal student loan program is the most complex consumer loan program in the world.
PROBLEM SOLVED: WHAT YOU CAN DO
IN SOLIDARITY THERE IS POWER, ORGANIZE, TAKE ACTION.
Join the Debt Collective to fight economic exploitation! Here you can dispute your debts, challenge creditors, and join others to organize campaigns, direct actions, and financial disobedience. Together we can build a new economy where no one has to go into debt to meet their basic needs.
Dispute Errors on Your Credit Report
Dispute Your Wages Being Taken
Dispute Any Debt in Collections (except a student loan) that has been sent to collections. Make them prove it! (All debt types except private student loans)
A bailout of the people by the people
Student debt has surpassed $1.5 trillion partly because it is one of the most protected forms of debt by federal law. Student debtors can rarely discharge their loans in bankruptcy and lenders have rights to garnish wages and social security payments. The vast majority of student loans have these federal guarantees. We cannot buy these loans because there is no secondary market. However, we believe it may be possible to buy private tuition debt of some sort that is not guaranteed by the federal government.
CALL YOUR STATE AG Attorney General
The five states suing Navient — Illinois, Pennsylvania, Washington, California and Mississippi for breaking their laws regarding consumer protection.
A 2017 study by the Government Accountability Office estimates that a typical borrower of a $30,000 student loan who places their loan into forbearance for three years — the maximum allowed for economic-hardship forbearance — would pay an additional $6,742 in interest on that loan.
The largest contributor to student loan defaults, however, is not over-borrowing. It’s not graduating. Despite the perception that student loan defaults are driven by excessive debt, in fact, two-thirds of all defaults are from those who borrowed less than $10,000. Only 4 percent of defaults are from those who borrowed more than $40,000.
Federal watchdog issues scathing report on ed department’s handling of student loans
Betsy Devos rewarded as Head of the Department of Education Charter School Business owner after giving the largest campaign Trump donation.
U.S. Department of Education’s Office of Inspector General finds the department’s student loan unit failed to adequately supervise the companies it pays to manage the nation’s trillion-dollar portfolio of federal student loans.
The report also rebukes the department’s office of Federal Student Aid for rarely penalizing companies that failed to follow the rules.
Navient is a publicly traded company. The fewer customer-service agents Navient employs, the more money Navient puts in its pocket. If the Department of Education chose to require all servicers to discuss income-driven repayment plans with all borrowers, the Department of Education needs to redo its contract with Navient.
The department’s own inspector general says student loan companies aren’t following the rules, and that the government isn’t doing enough to hold them accountable.
Failures by the servicers, among them, not telling borrowers about all of their repayment options, or miscalculating what borrowers should have to pay through an income-driven repayment plan.
According to the review, two loan servicing companies,
Navient and the Pennsylvania Higher Education Assistance Agency, better known as FedLoan, repeatedly placed borrowers into costly forbearance without offering them other, more beneficial options.
SAY NO TO FORBEARANCE
REMEMBER: IT’S A BEAR
THAT WILL EAT YOU FOR LIFE
Instead of safeguarding borrowers’ interests, the report says, FSA’s inconsistent oversight allowed these companies, known as loan servicers, to potentially hurt borrowers and pocket government dollars that should have been refunded because servicers weren’t meeting federal requirements.
“By not holding servicers accountable,” the report says, “FSA could give its servicers the impression that it is not concerned with servicer noncompliance with Federal loan servicing requirements, including protecting borrowers’ rights.”
“It’s hard to look at this as anything other than completely damning,” says Seth Frotman, a consumer advocate and former government, student loan watchdog who is now executive director of the Student Borrower Protection Center.
the “unsophisticated consumer” doesn’t generally understand his or her legal rights.
“This is the most damaging in a long line of investigations, audits, and reports that show the Department of Education is asleep at the switch when it is responsible for over a trillion dollars of student loan debt.”
And remember, the people around Trump (and presumably the person who took the picture) are probably paying customers. Trump benefits personally from their membership dues, and they get access to the president of the United States.
Millions of borrowers are suffering under the weight of student debt. It’s time to take a stand.
Protect yourself from Betsy Devos. These defaults will destroy their credit and jeopardize their financial future. It may even cost them their job.
PROTECT BORROWERS blog It’s Time to Fight Back By Seth Frotman | November 28, 2018 Seth Frotman is the Executive Director of the Student Borrower Protection Center. He previously served as Assistant Director and Student Loan Ombudsman at the Consumer Financial Protection Bureau, where he led a government-wide effort to crack down on abuses by the student loan industry and protect borrowers.
Corruption and sleaziness in the under-regulated industry were disturbing and grim. At one point, he had footage of a Debt Buyers Association conference that featured panelists sneering at how the “unsophisticated consumer” doesn’t generally understand his or her legal rights.
In what he called “the largest one-time giveaway in television show history,” he forgave some $15 million in medical debt for some 9,000 Texans.
The stunt came at the end of his brilliantly scathing 20-minute takedown of the debt-buying industry.
For $50, he set up a debt-buying company and named it Central Asset Recovery Professionals, or CARP, “after a bottom-feeding fish,” he explained. Then he made himself the chairman of the board, and bought a portfolio of nearly $15 million in debt for $60,000. Rather than ruthlessly harass the people who owed the money — “I could legally have CARP take possession of that debt and have employees start calling people, turning their lives upside down over medical debt” — he said he was forgiving it all.
the five states suing Navient — Illinois, Pennsylvania, Washington, California and Mississippi — say the behavior breaks their laws regarding consumer protection.Navient Corp., the nation’s third-largest student loan servicing company.
The Department of Justice and the Federal Deposit Insurance Corp. accused Sallie Mae and its loan unit, now called Navient, of intentionally violating the Servicemembers Civil Relief Act by overcharging active-duty troops beginning in 2005
Leaked documents … show how the billionaire Mercer family built a $60m war chest for conservative causes inside their family foundation by using an offshore investment vehicle to avoid US tax,” The Guardian reports:“The offshore vehicle was part of a network of companies in the Atlantic tax haven of Bermuda led by Robert Mercer, the wealthy hedge-fund executive and Bannon patron whose spending helped put Trump in the White House and aided a resurgence of the Republican right.”
“Mercer, 71, appears as a director of eight Bermuda companies in the Paradise Papers
“The files include a copy of Mercer’s US passport and other private data.”
POLITICIANS PASS ANOTHER TAX LOOPHOLE FOR THE .01%
Mercer has personally donated $41m to federal election campaigns over the past decade, according to public filings.
Mercer was a major investor in Breitbart rightwing propaganda website that Bannon led before joining Trump’s campaign.
You take retirement plans or foundations, you invest them in a hedge fund, and even if the value rises 100%, you can sell off the investments with no tax consequences. ~ Bill Parish
The Internal Revenue Service (IRS) has been pursuing Renaissance for $6.8bn in federal taxes that it was accused of improperly avoiding through practices described as “abuses” in a 2014 investigation by a Senate committee.
► Mercer Family Foundation nonprofit led daughter Rebekah gave out $62m to conservative republican “research” propaganda thinktanks including the Heritage Foundation, the Federalist Society, and the Media Research Center.
$4.7m to Bannon’s Government Accountability Institute
Bannon founded GAI in Florida in 2012 with Peter Schweizer, the conservative author of Clinton Cash. Since then, the GAI has paid Bannon $379,000 and Schweizer $781,000. Rebekah Mercer was a director of the group until 2014.
$3.8m to the nonprofit arm of Citizens United, best known for the deregulation of political spending it won in a 2010 supreme court ruling.
$1.2m to the Young America’s Foundation, another conservative nonprofit, which paid Bannon more than $577,000 between 2010 and 2012 for filmmaking service
Offshore leaks database
Find out who’s behind almost 500,000 offshore companies, foundations and trusts from the Panama Papers, the Offshore Leaks and the Bahamas Leaks investigations.
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