JPMorgan, Others Plan to Issue Credit Cards to People With No Credit Scores - WSJ

part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.

What a wonderful government program! People “lack opportunities” to borrow, so they come up with an on-ramp to get people into one of the worst banking products on the market. Thanks, government!

Some 53 million adults in the U.S. don’t have traditional credit scores, according to Fair Isaac Corp. , the creator of FICO credit scores. Many are often limited to payday loans and other costly forms of credit.

Or maybe they just don’t want to use credit?

✔ Contacted local government about an issue that is important to me.

Thanks, Super Tinker!

Carter’s is a ripoff.

Stunning way to end the day.

AOC Cries At Taj Mahal After Racist Travel Ban - The Babylon Bee

Politicians on both sides of the aisle praised Ocasio-Cortez for her consistency on these issues, as she always calls attention to injustices on both sides and definitely doesn’t do these kinds of things to score political points only when convenient.

So moral.

Credit-Card Debt Keeps Falling. Banks Are On Edge. - WSJ

Now, even as Americans return to spending on their credit cards, they are continuing to pay down their card balances. That signals many borrowers are faring well even during the pandemic. But many card issuers rely on growing card usage and balances for their revenue, and they are wondering if the pandemic trends will turn into a long-term shift.

Poor banks! Their margins are getting squeezed!! Let’s all run up our credit cards at 16% interest while they pay us .05% on our deposits so we can help them get through these very tough times.

I can finally hide reconciled transactions on the iOS version of YNAB.

Whew!

Annual Enrollment was super lame. No changes from last year, except that major medical is now $17 more per month.

Big miss.

Biden Proposes $2 Trillion Bill To Study What’s Causing Inflation Rates To Rise - The Babylon Bee

In the meantime, officials from the US Treasury as well as the CDC have advised the public to start carrying double wallets to protect their money and help slow the spread of inflation.

Here’s hoping they get to the bottom of it soon.

Catholic Schools Are Losing Students at Record Rates, and Hundreds Are Closing - WSJ

Some secular families are turned off by the church’s opposition to abortion or same-sex marriage, said Carol Ann MacGregor, vice provost of Loyola University New Orleans. Meanwhile, more the most devout Catholics are home-schooling their children, in some cases because they don’t believe Catholic schools are focused enough on the faith.

Catholic schools, from the very beginning, have served the poorest of the poor. It’s at the heart of their mission. The trend of closings will surely hurt lower income and urban families disproportionately.

I disagree that the schools are losing students because of opposition to Church teaching on social issues. But I agree that homeschooling is a very real threat to the business model. Un-subsidized tuition can easily hit $10,000 for a single student kindergarten alone, before considering uniforms, activity fees, etc. Homeschooling books and course plans can be bought off the shelf for less than $1,000.

The Church teaches that parents are the primary educators of their children. There are more curricula and resources available to parents today than ever before. Parents taking their vocation seriously is a positive development.

Mother’s Day showers.

Bad Dog! Major Biden Gives Nuclear Codes To China In Exchange For A Milk-Bone - The Babylon Bee

Eventually, the FBI decided on a punishment, which was to stare down Major and tell him he’s a “bad dog.”

Not very good at negotiating. He should have at least held out for a flying dog house like Snoopy’s.

I burnt my hand cooking lunch.

Ouch.

Hospitals Draw Warning on Price Disclosure Rule Compliance - WSJ

The rule states that the agency ultimately can levy penalties of up to $300 a day if a hospital doesn’t comply. Some hospitals might decide the penalty is less than the cost to comply, said Heather Meade, a principal at Ernst & Young’s regulatory and legislative advisory division. Some also fear how competitors will use the price information, she said.

A $110,000 corporate tax imposed on hospitals, but not enacted by Congress. But then, what else has become of regulations in our Administrative State?

11 years ago today. What an adventure.