Category: Military
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On Victory Drive, soldiers defeated by debt
By Paul Kiel, ProPublica and Mitchell Hartman, Marketplace Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge high annual percentage rates, sometimes exceeding 400 percent.
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Generals no longer retire to Vermont — they lobby for contractors in Washington
By R. Jeffrey Smith Center for Public Integrity “What can you do with a general, when he stops being a general?” crooned Bing Crosby in the 1954 movie “White Christmas.” “Who’s got a job for a general when he stops being a general?” Alas, the answer, 58 years later, is now clear.