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Mar 03 2010

Blumenthal: Fed Misses Critical Deadline To Roll Back Credit Rates, Fees By KENNETH R. GOSSELIN The Hartford Courant Even as a sum of new protections for credit card users went into effect last Monday, the state attorney general disparage a ke

Mar 03 2010
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Mar 03 2010
Report: Interchange Fees Obstructs Economic Growth, Job Creation
Report: Interchange Fees Obstructs Economic Growth, Job Creation By Linda Lisanti INDIANAPOLIS -- Less than 20% of the interchange fees charged by credit card companies actually includes the cost of processing transactions, according to a rece

Feb 25 2010
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CREDIT CARD TRICKS take out cash
CREDIT CARD TRICKS By Kate Mansey 50 percent extra to take out cash Credit card companies are utilizing crafty tricks to rip off customers - as shock numbers show Britons owe £54.5 billion to our "flexible friends". A Sunday Mirror inves

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Build Good Credit Without Credit Cards When you are trying to build a good credit history, one often repeated piece of advice is to get a couple of credit cards and pay them off promptly. Credit cards are not the only way to skin the credit cat, t

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Interest Rate Summary Credit Cards Here is a look at the state of credit card rates from the weekly national survey of large banks and thrifts conducted Feb. 17, 2010 by Bankrate.com Rates: 13.39% (all fixed); 13.63% (all variable) Credit c

Feb 21 2010
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Did you ever notice how TV advertising is completely controlled by the TV stations and the government. I was thinking about this today as I was reading Kevin Trudeau's newsletter about his struggles with advertising his health book.

TV stations are all about ratings, even when it comes to the advertisements shown. Of course ads have to be approved by the appropriate legal and regulatory body before they're shown on TV.

However, you just can't say anything you want about any topic in an ad or TV spot.

Advertisers want to show you the great parts of their products and services. They don't get into the reality of situations that you can encounter with their products.

It would be funny, but sad to see an add for some new drug like VIOXX where the people are experiencing the side effects of the products. You've heard the great virtues of each product as designed and developed by the ad agency.

What would happen if the commercial enacted what really happened with the product. Example: "This product can help your allergies, but the side effects may cause dry mouth, nausea, weak bladder, lack of sexual performance and desire, loss of sleep etc."

The commercials should show these as the total package of what the drug is actually going to do to the person. My question is then: If you showed the benefits and side effects of drugs, would as many people buy them?

I saw a documentary about McDonalds Restaurant. In it they showed how McDonald's uses the whole cow in their meat. The brains and bones and guts of the cow are ground up to a point where they're imperceptible. It just tastes like a nice burger, with all of the additives they put in. Why doesn't McDonalds actually show this. Why doesn't McDonalds show the conditions of where the chickens are grown and how they are treated before they become chicken McNuggets?

McDonalds spends it's money on image enhancement and driving volume. It would lose 90% of its business over night if it showed in its ads what that documentary showed.

On the flip side, most activists who would want to purchase ad spots to show the reality and/or down side of products and services aren't able to advertise on TV or any other medium. Why would they be allowed to do so. I've had credit repair ads refused by a newspaper because they were distasteful and would hurt the newspapers relationship with its creditors.

If activists showed the reality of the past/present/future of a product it would reduce sales for companies and stop those companies from advertising. These wet blanket companies are not welcome to advertise.

The big question is: If this is really the way advertising works, where you're only shown one side of the product, is that really good for the economy? People then seem to be buying products and services that are based on a one sided foundation.

Just a bit of economic philosophy rattling around in my head.

Thoughts?

By Monty Loree - Financial Maturity blog - Topic - advertising is one sided.

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