Content curated by Jennifer Wendel
Little known to most Americans a major debate has been going on in the capitol for the last few years. The topic: credit card fees. Credit cards aren’t a hassle free way mode of payment for everyone—stores must pay a fee for each swipe of a card. These fees can garner the banks a whole lot of money. Last year Chase bank had 17.4 billion dollars in profits, which was a 48% increase from the previous year. Seems ridiculous? The issue won’t go away because these banks fund senators and representatives in Washington. Read the article here.
Kate and Wills marriage isn’t the only change Britain will see this next week: on May 5th Britain will hold it’s first national referendum since 1975 that will “dictate the nature of the British democracy.” The British people will vote on changing the winner-takes-all system of first-past-the-post (FPTP) or moving to the alternative-vote (AV) method. Currently under the FPTP method candidates need only to have the largest percentage of votes, but not a majority. The AV method of elections would change this so after each election that doesn’t produce a candidate backed by the majority of voters, the lowest candidate will be dropped and the voting done again. Read the article here.