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☆ How Kamala Harris took on the ‘big banks’ after the foreclosure crisis
▼ + stars: | 2024-10-21 | by ( Katie Lobosco | ) edition.cnn.com time to read: +5 min

Washington CNN —Vice President Kamala Harris often touts how she took on the “big banks” as attorney general of California to deliver mortgage relief to homeowners hit by the 2008 foreclosure crisis. The oft-repeated story references how Harris helped negotiate a multistate mortgage settlement with five of the nation’s biggest banks that delivered financial relief to homeowners and set standards for lenders. Harris also secured a separate agreement with three of the banks, guaranteeing a certain amount of relief for California homeowners. Mortgage relief for homeownersAs a result of the national settlement, mortgage relief was delivered to homeowners in several different forms, such as principal reductions, interest rates cuts, other kinds of loan modifications or short sales. There were also some direct payments sent to people who wrongfully lost their homes to foreclosure, according to the National Mortgage Settlement website.

Persons: Kamala Harris, Harris, It’s, “, ”, Joe Biden’s, Beau Biden, Jamie Dimon, Ira Rheingold, Katie Porter, Irvine –, ” Rheingold, Lisa Sitkin, Sitkin, servicer Organizations: Washington CNN —, Democratic National Convention, ”, JPMorgan Chase, National Association of Consumer Advocates, Mortgage, National Mortgage, University of California, Irvine, National Housing Law, Consumer Financial, Bureau Locations: California, Delaware

☆ Credit Card Companies Are About to Invent New Fees for Consumers
▼ + stars: | 2024-04-07 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Some of those annoying fees on your credit card may soon be getting smaller. Banks and credit-card companies are almost certainly trying to figure out where else they squeeze money out of you. The response to the interchange-fee settlement has been a bit more muted: The Electronic Payments Coalition, which represents Visa, Mastercard, and other credit-card companies, said it was OK with the swipe-fees cap. Taken together, it's clear that many companies in the credit-card business would rather not be dealing with this situation. According to the Merchants Payments Coalition, Mastercard is now planning to increase different credit card fees soon, it's "network assessment" fee.

Persons: Banks, Matt Schulz, JPMorgan Chase, Mark Elliot, Doug Kantor, Mark Mason, Rich Fairbank, We've, it's, Ira Rheingold, Amanda Jackson, Emily Stewart Organizations: Consumer Financial, Mastercard, Visa, Bank Policy Institute, Electronic Payments Coalition, UBS, JPMorgan, American Express, National Association of Convenience Stores, Merchants Payments Coalition, Capital, JPMorgan Chase, National Association of Consumer, Companies, Financial Reform, Business

☆ Robbin Bain, Pageant Winner and ‘Today Girl,’ Is Dead at 87
▼ + stars: | 2023-11-04 | by ( Richard Sandomir | More About Richard Sandomir | ) www.nytimes.com time to read: +1 min

Robbin Mele Gaudieri, who, as Robbin Bain, embodied traditional women’s roles as the winner of a beauty contest designed to promote beer in 1959 and later as the “Today Girl,” handling fashion and beauty segments, on the popular NBC-TV morning show, died on Oct. 21 in Southampton, N.Y., on Long Island. In 1959, she was elected Miss Rheingold, representing what was then the most popular beer in the New York region and was also sold in Pennsylvania and throughout New England. She defeated five other finalists in an election that the brewer said attracted 24 million votes. As Miss Rheingold, she received $50,000 (about $530,000 in today’s dollars) and spent a year making appearances in the United States and Europe. An ad that ran early in her reign said, “You’ll soon be seeing Robbin Bain almost everywhere you look, such an attractive reminder of the popular beer she represents — Rheingold Extra Dry!”

Persons: Robbin Mele Gaudieri, Robbin Bain, Lara McLanahan, Miss Rheingold, “ You’ll, — Organizations: NBC, Miss Locations: Southampton, N.Y, Long, New York, Pennsylvania, New England, United States, Europe

☆ Review: This London ‘Ring’ Is on the Met Opera’s Radar
▼ + stars: | 2023-09-12 | by ( Zachary Woolfe | More About Zachary Woolfe | ) www.nytimes.com time to read: +1 min

Two years ago, the Metropolitan Opera went shopping for a new “Ring” in London and came home empty-handed. English National Opera’s first installment of Wagner’s four-part epic of gods and humans, lust and power, was judged a bit too scrappy and bare to transfer to the grand Met. And anyway, the English company was soon reeling from cuts to its government funding, putting the completion of the cycle in jeopardy. The Met would like to bring a “Ring” to New York in four seasons — a blink of an eye given opera’s glacial planning cycles and Wagner’s technical and casting complexities. The story is crystal clear, and its emotional and political stakes are taken seriously, without oversimplification or overstatement.

Persons: Barrie Kosky, “ Das Rheingold, ”, Wagner Organizations: Metropolitan Opera, Royal Opera Locations: London, New York

☆ At Bayreuth, the Work on Wagner’s Operas Is Never Done
▼ + stars: | 2023-08-01 | by ( Zachary Woolfe | More About Zachary Woolfe | ) www.nytimes.com time to read: +2 min

It was a fresh addition to the staging, if still something of a letdown, a mild finale after 15 keyed-up hours. There were more tweaks to this “Ring.” The kidnapping and hoarding of children — an obsession with youthfulness; a sense of violence passed through generations — is one of Schwarz’s themes. You can tell Schwarz intended these revisions to heighten certain aspects of his interpretation. Last year, Cornelius Meister conducted the premiere because Pietari Inkinen had to drop out with a case of Covid late in the rehearsal process. Meister’s work ended up being blandly neutral, not quite compatible with Schwarz’s vivid, provocative staging.

Persons: Wotan, “ Das Rheingold, “ Rheingold, ”, Brünnhilde, Siegfried, Schwarz, — it’s, Cornelius Meister, Pietari Inkinen, it’s, “ Siegfried ”, gawkily reedy, Gutrune Locations: Hagen

☆ Forever in debt: Why U.S. loans are getting longer
▼ + stars: | 2023-06-05 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

NEW YORK, June 5 (Reuters) - Consumers facing high asset prices and rising interest rates have a few loan options. But if you must go ahead, either face taking on a big monthly payment, or stretching out the loan term to keep the monthly bill down - as many are doing. New car loans lasting 73-84 months (over six years) rose to 34.4% of the market in 2022 from 28.6% in 2018, according to auto information site Edmunds. A few borrowers are going even longer, with less than 1% of new car loans lasting 85 months or more. MAKE SOME HARD DECISIONSIf you must keep pushing out the loan term to afford an asset, that may be a signal to get real.

Persons: Ira Rheingold, Rheingold, Eric Scruggs, Brandon Gibson, Erin Witte, Witte, Lauren Young, Richard Chang Organizations: YORK, National Association of Consumer, Housing Administration, Consumer Federation of America, Thomson, Reuters Locations: Edmunds, Stoneham , Massachusetts, Dallas

☆ A faulty defibrillator aboard an American Airlines flight led to a 14 year old's death, a new lawsuit claims
▼ + stars: | 2023-03-23 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

Kevin Greenidge was 14 years old when he experienced cardiac arrest on an American Airlines flight. A lawsuit filed recently by the teenager's mother alleges the defibrillator on the plane wasn't working. The suit says the defibrillator was faulty — and places the blame on American Airlines. In a statement to Insider, an American Airlines spokesperson said the carrier was reviewing details of the lawsuit. American Airlines didn't comment to Insider on the number of times defibrillators have been used on its flights.

☆ Hops Dealer Tom Gimbel Supplied Brewers Around the World
▼ + stars: | 2022-10-30 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

When Louis S. “Tom” Gimbel III was a boy, his father’s side of the family ran the Gimbels department-store chain, including a huge store at Herald Square in Manhattan. His mother’s family brewed Rheingold beer and traded in hops. After graduating from Yale and serving in the Air Force, Mr. Gimbel chose hops over retailing. He joined the family’s S.S. Steiner Inc. in the 1950s, took a crash course in brewing, moved into sales and by the late 1960s, was running the company with his younger brother, Stinor. He later bought his brother’s stake and ran the company on his own.

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