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A collection of news and information related to Credit and Debt published by this site and its partners.

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    May 19, 2013 |Story| Los Angeles Times
  1. On the Spot: Travelers need money alternatives when going abroad

    In last week's On the Spot column, letter writer Nancy Jones said she was going to London and expressed concern about whether her credit cards would work because they are not Chip and PIN (personal identification number). She said she didn't want to carry...

    Tags: Interior Policy, Starbucks Corp., American Express Company, Football, U.S. Navy

  2. May 18, 2013 |Story| Los Angeles Times
  3. What's in millennials' wallets? Fewer credit cards

    Ringed by the posh shops of Beverly Center, Tim Ratliff said no — he didn't have a credit card. He didn't need one.
    Ringed by the posh shops of Beverly Center, Tim Ratliff said no — he didn't have a credit card. He didn't need one. "I just hear so many horror stories about people being in debt," said Ratliff, 21, who studies psychology at Ohio State University....

    Tags: Finance, The Ohio State University, Education, Port of Los Angeles, Economy, Business and Finance

  4. May 17, 2013 |Story| Los Angeles Times
  5. Hunger strike, Yemeni dilemma could spur Guantanamo closure plans

    A 100-day-old hunger strike at the Guantanamo Bay prison for suspected terrorists has agitated international human rights advocates anew, prompting fresh calls worldwide for closure of the detention center that President Obama vowed to shutter more than three years ago.
    A 100-day-old hunger strike at the Guantanamo Bay prison for suspected terrorists has agitated international human rights advocates anew, prompting fresh calls worldwide for closure of the detention center that President Obama vowed to shutter more than...

    Tags: Arabian Peninsula, Career and Workplace, Prisoners and Detainees, Civil Rights, U.S. Congress

  6. May 17, 2013 |Story| Los Angeles Times
  7. Still jonesing for 'West Wing'? Try Danish import 'Borgen'

    Thrusting an intelligent idealist into a leadership position is a time-honored method of chronicling the corruptive nature of power, particularly the political variety. (Please see "Mr. Smith Goes to Washington") In recent years, television writers have done a bit of narrative multi-tasking by making that person a woman--in the U.S. it was "Commander in Chief," in the U.K., "The Amazing Mrs. Pritchard." For Denmark, in case you were wondering, it's "Borgen," a political drama that's caused a stir for the past several years among American critics seeking to prove that such shows need not devolve into soap, sentiment or satire. (Also that TV critics are not afraid of subtitles.)
    Los Angeles Times Television Critic
    Thrusting an intelligent idealist into a leadership position is a time-honored method of chronicling the corruptive nature of power, particularly the political variety. (Please see "Mr. Smith Goes to Washington") In recent years, television writers have...

    Tags: Television, Denmark, Religion and Belief, Downton Abbey (tv program), The Killing (tv program)

  8. May 17, 2013 |Column| Los Angeles Times
  9. How much cash should you keep on hand for emergencies?

    <strong>Dear Liz:</strong> A few years ago I finished paying off my debt and now am in the very low-risk credit category. I have savings equal to about three months' worth of bills and am working to get that to six months' worth. I'm wondering, though, about an emergency that may require me to pay in cash (such as a major power outage that disables debit or credit card systems, or the more likely event that I forget the ATM or credit card at home). How much cash should a person have on hand? Is there a magic number?
    Dear Liz: A few years ago I finished paying off my debt and now am in the very low-risk credit category. I have savings equal to about three months' worth of bills and am working to get that to six months' worth. I'm wondering, though, about an...

    Tags: Disasters and Accidents, Career and Workplace, Social Security, Retirement, Family

  10. May 15, 2013 |Story| Los Angeles Times
  11. Brown seeks to eliminate state tax break for 'enterprise zones'

    SACRAMENTO &mdash; Gov. Jerry Brown is taking another stab at largely eliminating a state $700-million tax break for "enterprise zones" aimed at creating jobs in economically strapped localities.
    SACRAMENTO — Gov. Jerry Brown is taking another stab at largely eliminating a state $700-million tax break for "enterprise zones" aimed at creating jobs in economically strapped localities. The governor failed in his efforts in 2011 to eliminate...

    Tags: Unemployment, Employment Opportunities, Career and Workplace, Employment, Finance

  12. May 14, 2013 |Story| Los Angeles Times
  13. L.A. County officials to stop sending children to foster agency

    Responding to new allegations of financial malfeasance and abuse, Los Angeles County officials have decided to stop sending children to a private foster care agency that has been responsible for more than 1,100 youths in recent years.
    Responding to new allegations of financial malfeasance and abuse, Los Angeles County officials have decided to stop sending children to a private foster care agency that has been responsible for more than 1,100 youths in recent years. The action was...

    Tags: Malpractice, Accounting and Auditing, Local Government, Zev Yaroslavsky, Satellite Technology

  14. May 12, 2013 |Story| Los Angeles Times
  15. On the Spot: Being smart about Chip and Pin cards

    Question: We are planning a trip to London and have heard that some of our charge and credit cards may not be accepted because they are not Chip and PIN. If that's so, what are our choices? We don't want to carry a load of cash. Nancy Jones Claremont...

    Tags: Travel, Heartland Payment Systems Incorporated, Trips and Vacations

  16. May 14, 2013 |Story| Los Angeles Times
  17. Federal deficit shrinks at surprising rate

    WASHINGTON &mdash; The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the <a href="http://www.cbo.gov/publication/44172">Congressional Budget Office said</a> Tuesday in a report that could strengthen the Obama administration's hand in the budget battles with congressional Republicans.
    WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

    Tags: Fiscal Cliff, Eric Cantor, Republican Party, U.S. Congress, Debt Market

  18. May 10, 2013 |Story| AP Member Choice Complete
  19. Global criminal ring drains $45 million from ATMs in hours

    A worldwide gang of criminals stole a total of $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said.
    A worldwide gang of criminals stole a total of $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said. How were they able to do it? Outmoded...

    Tags: Organized Crime, Dominican Republic, Justice System, Lawyers, Crime, Law and Justice

  20. May 14, 2013 |Story| Los Angeles Times
  21. California economic growth slow and steady, governor says

    SACRAMENTO -- California's economy should grow at a slow but steady pace in the budget year that begins July 1, says an economic forecast contained in Gov. Jerry Brown's revised spending proposal.
    SACRAMENTO -- California's economy should grow at a slow but steady pace in the budget year that begins July 1, says an economic forecast contained in Gov. Jerry Brown's revised spending proposal. The all-important housing market is stronger, and...

    Tags: Finance, Health Insurance, Economy, Business and Finance, Labor Markets, Jerry Brown

  22. May 14, 2013 |Story| Los Angeles Times
  23. Jack Dorsey unveils Square Stand, new iPad point-of-sale system

    SAN FRANCISCO -- Jack Dorsey, co-founder of San Francisco payments startup Square, is making another big push to expand into larger restaurants and retailers with a sleek new point-of-sale device.
    SAN FRANCISCO -- Jack Dorsey, co-founder of San Francisco payments startup Square, is making another big push to expand into larger restaurants and retailers with a sleek new point-of-sale device. The Square Stand is made out of molded white plastic and...

    Tags: Starbucks Corp., Computer Hardware, Square, Inc., Square Register, Howard D. Schultz

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