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"Three steps to take to protect your account data from getting into the wrong hands Whether by choice or necessity, American consumers are increasingly relying on debit rather than credit cards. Debit card spending has risen steadily, growing from 47.7 percent of purchases made with plastic in 2003 to 58.9 percent in 2008 and it is expected to surpass 67 percent by 2013, according to the Nilson Report, a newsletter that tracks the consumer payment industry. When you use a debit card, the money is immediately taken from your checking account. While using debit guarantees that you pay as you go, these cards have downsides, including a growing appeal to thieves. "As economic conditions have worsened, there's been a noticeable increase in all types of card fraud," says Avivah Litan, an analyst specializing in fraud detection and prevention at Gartner Research in Stamford, Conn. "But ATM and debit-card fraud is the top area of concern we're hearing about from banks all over the world." More from ConsumerReports.org: * Pros and Cons of Debit Cards * Credit Card Perks * Post-Recession Investing Unlike credit-card thieves, who usually charge merchandise and then resell it to come up with money, people who create counterfeit ATM or debit cards by stealing your PIN and other account data can simply pull cold cash from your bank account. Using a technique known as skimming, they set up equipment that captures magnetic stripe and keypad information when you input your PIN at ATM machines, gas pumps, restaurants, or retailers. Here's how you can protect yourself: Don't Type in Your Pin at the Pump Be especially vigilant at gas stations, Litan says. "Gas pumps are notorious for skimming because they're produced by only a couple of different manufacturers, and if someone gets the key to one from a disgruntled employee, they can insert a skimming device inside the pump where it can't be seen," she says. She recommends using a credit card rather than a debit card whe

"he people who brought you "The Great Swine Flu Scare Of 2009" now want to bring you "The Great Global Health Tax Of 2010". The World Health Organization is actually considering a plan to ask governments all over the globe to impose a global consumer tax on such things as Internet activity and everyday financial transactions like paying bills online. Seriously. Apparently the goal of such a plan would be to raise "tens of billions of dollars" which would then be used to "transfer" pharmaceutical research, development and manufacturing capabilities to the developing world. Transfer them from where? Places like the United States? So let's get this straight. According to the WHO global tax plan, they want to do the following three things.... #1) Take away research, development and manufacturing jobs from us and give them to the developing world at a time when we can least afford it. #2) Give much more money and power to the idiots who brought us the global swine flu scare of 2009. #3) Make us pay for all of it. The World Health Organization's "Expert Working Group" is also thinking of asking wealthy nations such as the United States to set aside fixed portions of their gross domestic product to finance the shift in worldwide research and development. What in the world? No, we do not want a global tax. No, we do not want to redistribute our wealth. We've got a big enough debt problem right now without the WHO trying to dip their greedy little fingers into our pockets. Thanks to Obama and the U.S. Congress we are already flat broke as a nation."

"BERLIN - Millions of German bank cards have been affected by a "millennium bug"-like problem because they contain software that can't process the number 2010, industry groups said Tuesday. The DSGV group, which represents public-sector banks, said some 20 million debit cards issued by those banks were affected, along with around 3.5 million credit cards - nearly half of the total number of cards issued by those banks. The group said cash machines were adjusted hours after the problem emerged to ensure that customers could withdraw money, but there may still be problems using some debit-card terminals. Those should be fixed by Monday, it said. Problems remain with credit cards and customers should use debit cards instead for now, added the group. The BVR group of cooperative banks said about 4 million debit cards issued by its members - about 15 percent of the total - also were afflicted by the faulty software, although there were no problems withdrawing cash. Its credit cards were unaffected. Another 2.5 million cards issued by German private banks were affected. The problem stemmed from a chip on the cards which, due to a programming fault, wouldn't correctly process the number 2010. Computer experts widely believed that hardware and software systems would fail as the clocks rolled over to the year 2000. The problem, they said, would be caused when computers and other devices, which used only two digits to represent the year, mistook the year 2000 for the year 1900. In the end, however, the so-called "millennium bug" caused few problems."

"Is the H1N1 swine flu vaccine causing miscarriages? Is the vaccine safe for pregnant women to take? Those are questions that thousands upon thousands of pregnant women have wrestled with over the past couple of months as they have decided what to do about the swine flu. The WHO and U.S health authorities insisted that the H1N1 swine flu vaccine was perfectly safe for pregnant women and pushed them to the front of the line. So thousands of women did run out and get themselves injected with the vaccine. Now reports are pouring in from all over the United States of women who have lost their babies very quickly after receiving the H1N1 vaccine. Many of these women are overcome with pain and a feeling of loss and are looking for answers. They end up on sites like this one because the mainstream media won't touch this story with a ten foot pole (lest they offend the pharmaceutical giants and their millions of dollars in ad money). Fortunately there are alternatives to the mainstream media now. The following are stories from 9 of our readers who have lost their babies very soon after getting the H1N1 swine flu vaccine. We challenge anyone who still believes in the safety of this vaccine to read all of the following stories and then to explain to the rest of us why we should not be concerned. The truth is that the H1N1 swine flu vaccine is NOT safe for pregnant women. The following are unedited personal testimonies left as comments by readers of this site..... #1) Kelly: If you haven't had a miscarriage, you shouldn't comment about someone that has. This is my second miscarriage. I know my first miscarriage had absolutely nothing to do with the H1N1 shot (because it was in 2003), however, this time I believe there definitely could be a connection. I had 3 healthy babies after my first miscarriage. When I went to have my H1N1 shot (which was HIGHLY recommended by the Health Office workers since I WAS pregnant and I higher risk of H1N1), I was around 5 wee

"BEIJING: The smart card system has been introduced in a Chinese city for the first time on Monday. The event coincided with a court verdict meting out the first-ever conviction in the country for theft and misuse of personal information. Wuxi, one of the most modern small cities of China, has unveiled the first batch of smart cards that contain barcodes containing crucial information about card holders . The smart cards, which are being rolled out for the first time in China, will enable their users to perform a wide range of tasks. The barcodes on the cards contain finger prints and personal information like date of birth, blood group, social security number and bank card numbers. It will carry the name and photograph of the card holder. The local administration of Wuxi is making arrangements for the use of smart cards in bank ATMs, buildings equipped with electronic guard system and even for allowing parents to pick up their children from high-guarded kindergarten schools. It will later add more information to the smart cards and widen the scope of its use. In another development, a court in China's Guangzhou city sentenced a man to one and a half year in prison for violating the security of personal information that include unlisted phone number and call histories of important people. Prosecutors told the court that Lin Guiyu bought personal information of senior officials and used it to swindle several people. He used the information to impersonate as the vice mayor of Zhuhai in Guangdong province while asking for money in return for official favors. Lin led a gang that committed five such crimes and cheated people of $121,554 after impersonating different officials including the Communist Party secretaries of Foshan and En'ping , official sources said. "

"IT MIGHT sound like a contradiction in terms, but for the first time one of the main Irish consumer banks is moving to cashless banking in all its branches. National Irish Bank has written to thousands of its customers this month informing them of a "new style of banking" in which branches will not handle over-the-counter cash transactions. The letter says branches will no longer handle cash withdrawals and lodgements, night safe lodgements and foreign currency cash. Branches will continue to lodge cheques, drafts and postal orders and issue drafts. Customers are advised to obtain cash from "ATMs nationwide" or to seek "cash-back" on their debit cards. A spokesman confirmed that cashless banking was being introduced across the entire NIB branch network over the next 18 months, and had already been introduced successfully in a number of branches. He said the feedback from customers was positive with few complaints. "These branches provide better security for staff and allow us to spend more time, in a better setting, with our customers . . . Customers like them, as our staff have more time to discuss customers' overall needs.""

"Steve Perry, executive vice president of Visa Europe, has a different take on the folding stuff packed in our wallets that most of us take for granted. "Cash is expensive," he says. "We need to be using it less." Expensive? Vintage wines, maybe. Designer clothes, yes. Modern art, almost certainly. But cash? "Why do you think supermarkets introduced cashback?" Perry asks rhetorically. He has me stumped there. I tell him I always thought of it as a service for overdrawn students to drive a few more sales through the tills. "No," he responds politely. "It's because they want cash out of the system so there is less to manage. Processing a transaction on a card can be cheaper than handling cash." Perry is a leading cheerleader for the cashless society. It's hardly a surprising role, but its an argument he is finding increasingly easy to make. Last month, for example, the Payments Council announced to anguished outrage that in 2018 the cheque would be dead. "There are many more efficient ways of making payments than by paper in the 21st century, and the time is ripe for the economy as a whole to reap the benefits of its replacement," Paul Smee, chief executive of the Payments Council, said. Perry extends the same argument to cash. Notes and coins are never going to be fully replaced, he accepts. Currency has, after all, been around in some form or another since 3,000BC. But now that we're in the electronic age, payments could do with a little catching up, he reckons. Visa has recently published an extensive report on the cost of cash to society. Citing numerous independent papers by consultants and national governments, the payments company constructs a compelling case. "

"VANCOUVER - The Canadian government has recently decided to cut back or entirely withdraw the funding to organizations that encourage a boycott of Israel or Israeli products, including pro-Palestinian and Christian groups. One such organization is the Kairos welfare agency, which lost $7 million - half of its annual budget. Kairos is a social apparatus serving 11 Catholic and Protestant groups and churches promoting the "liberation theology" within the Canadian legal and educational establishments. Canadian Immigration Minister Jason Kenney said that the agency's budget was cut back in light of its anti-Semitic positions, adding the group preaches for recognition of such terror organizations as Hamas and Hezbollah while rejecting the Jewish people's right for a state. Kairos denied Kenney's claims and charged that the Canadian government's decision was motivated by political considerations. It further argued that criticism of Israel should not be regarded as anti-Semitism. Another organization whose funds were cut back was the Canadian-Arab Federation, which provides aid for immigrants from Muslim countries. The claim against the group was that it promoted hatred and extremism. The Federation claimed in response that by withdrawing funds from its budget, the Canadian government is shunning Arab immigrants. "

"Cashless society benefits merchants and consumers, says Visa VP By Lauren Lindberg [Merchant and consumer benefits to electronic payment processing may be accelerating the shift to a cashless society] 13/01/2010 - The world is increasingly moving toward a cashless society, driven both by consumer demand and merchant preferences, a Visa official told the UK newspaper The Telegraph. Steve Perry, executive vice president of Visa Europe, told the newspaper that society is becoming increasingly cashless because consumers have found that electronic payment processing is easier than carrying around cash, and are consequently shifting from paper to plastic payment methods. In addition, debit and credit card processing is better for merchants because it costs less than handling cash, he said. "Because cards are less risky (the associated cost is estimated at 0.02 percent to 0.1 percent per transaction on cards compared with 0.1 percent to 0.2 percent with cash) and encourage spending, they are more efficient and better value," Perry told the newspaper. "Furthermore, card transaction fees are expected to fall.""

Federal regulators seized Charter Bank in New Mexico this week as its capitalization fell below requirements, making it the latest of scores of banks to have failed in the economic crisis. However, the Albuquerque Journal reports that Charter faced a very low default rate on residential loans and no commercial failures, either - until the Office of Thrift Supervision, its regulator, demanded that Charter increase its declared risk fivefold (hat tip HA reader Super5): Federal authorities on Friday closed Charter Bank, a closely held, family-run financial institution known for its financing of low-income housing in New Mexico and for the philanthropy of its owners. … Last fall, Office of Thrift Supervision examiners, responding to the national collapse of real estate development, ordered Charter to increase its allowance for loan losses from $10.8 million to $55.4 million, even though Charter had no delinquent commercial construction loans and only [0].34 percent of the loans in its commercial real estate portfolio were behind on their payments. That order reduced the level of capital Charter had on its books. Last Wednesday, OTS ordered Charter to find new capital as a buffer against insolvency or face closure. Charter had hoped to find a buyer, but none appeared. The owners' stake in the company was wiped out by the forced closure. How involved were they in low-income lending? The head of New Mexico's MFA makes it clear: Charter became a major real estate lender and was especially active in underwriting and servicing mortgages for low-income housing. It worked closely with the Mortgage Finance Authority, which was established by the State Legislature to help finance low-income housing construction. According to MFA executive director Jay Czar, Charter services about 95 percent of the mortgages issued through the agency. "They are just class bankers," Czar said. "These are guys who quite frankly really look out for the s

"WASHINGTON -- President Obama, determined to show he understands middle-class struggles, is offering new initiatives meant to help people pay bills and save for retirement. Obama was ready to announce the new steps Monday in a partial preview of his State of the Union address. The proposals to be unveiled by Obama and Vice President Joe Biden at the White House include a doubling of the child care tax credit for families earning under $85,000; a $1.6 billion increase in federal funding for child care programs and a program to cap student loan payments at 10 percent of income above "a basic living allowance." His initiatives also include expanding tax credits to match retirement savings and increasing aid for families taking care of elderly relatives. That program would also require all employers to provide the option of a workplace-based retirement savings plan. Obama is seeking to offer some attractive options to taxpayers, mindful of recent setbacks including the loss of a traditionally Democratic Senate seat in Massachusetts to Republican Scott Brown. Monday's rollout is designed to show sympathy with a frustrated public. "We are fighting every single day to put Americans back to work," Obama said in a statement released by the White House. The proposals are the result of the work of a middle class task force that Biden had headed. The White House says the proposals are aimed at the "sandwich generation" -- Americans struggling to care for both their children and their parents. The proposals fit into the economic message of his prime-time address to the nation on Wednesday, one that is likely to cover financial regulations, energy, education, immigration and a push to change the political tone in Washington. White House advisers see Wednesday's State of the Union speech as a key opportunity for Obama to recalibrate his message to better connect with the public and to reset his presidency after stinging setbacks. Obama has promised a sharper focus o

http://TrendsResearch.com Gerald Celente talks with Russia Today on Obama's bank tax.