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Matters Financial |
28 April 2003
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Mastercard, Visa on Trial
The trial of credit card giants Mastercard and Visa in a Brooklyn courtroom may get settled before some important issues are settled. Several retailers including Wal-Mart are suing them for overcharging to process ceratin debit card transactions. However, it remains to be seen if they should be charging at all. Click here to read more.
Wall Street Settlement: Justice Delayed
There is a priori a conflict of interest between an organization that has one department that wants to make sales and another that is a disinterested assessor of facts. This conflict has led to a $1.4 billion settlement on Wall Street. The firms involved neither denied nor admitted wrongdoing as part of the settlement, but the record speaks volumes. It is not just the firms that need fixing, but rather it is the entire way Wall Street information is handled. Click here to read more.
AOL Passes on Spam
As every reader of the Kensington Review knows by looking in the inbox of the e-mail account, unwanted messages from advertisers is a huge inconvenience and time waster. America On-Line has recently announced it is making war on this stuff, "spam" as it's unpopularly known. One wishes them luck and suggests that having made most of the mess, it is only fitting that AOL help clean it up. At the same time, they can will the tides to go out, too. Click here for our view.