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In other words, it’s absolutely a given that Bank of America not only retain its current profit margin, it should be able to grow it off the backs of their overburdened customers . Free markets rock! The nation’s beleaguered banking industry, which has been raising fees and doing away with free services, has a new target: debit-card users. Bank of America Corp. is laying plans to charge millions of customers a $5 monthly fee to use their debit cards , and other big banks are expected to follow suit. The industry says it needs the fees to recoup revenue it will lose because of new government regulations that cap what they can charge merchants for debit-card transactions. Bank of America, the largest U.S. bank by assets, disclosed the plan on Thursday in a memo to its senior staff. It intends to begin collecting the fees nationwide early next year. Several other large banks, including J.P. Morgan Chase & Co. and Wells Fargo & Co., are testing or plan to test similar fees in some states. Regions Financial Corp., a Birmingham, Ala.-based lender, has said it will start charging a $4 monthly debit-card usage fee on certain accounts on Oct. 1. New federal limits on debit-card “swipe fees” are expected to cost U.S. banks an estimated $6.6 billion a year in lost revenue. To offset that lost revenue, many banks have eliminated or scaled back debit-rewards programs, added monthly fees for checking accounts and raised minimum balance requirements for customers to avoid certain fees. The limits on debit-card swipe fees—one of the most contentious regulations to arise from the financial crisis—were finalized by the Federal Reserve Board in June and take effect on Saturday. The new rules will cap at 24 cents the fee merchants pay banks each time a customer buys something with a debit card, down from the current average of 44 cents. The rules apply to banks with $10 billion and more in assets. Bank of America has said it expects the caps, which the industry lobbied against for months, to erase $2 billion in revenue annually. “The economics of offering a debit card have changed with recent regulations,” a spokeswoman for Bank of America said Thursday. What to do? Move your money. Check out where the community banks in your area are here .

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In other words, it’s absolutely a given that Bank of America not only retain its current profit margin, it should be able to grow it off the backs of their overburdened customers . Free markets rock! The nation’s beleaguered banking industry, which has been raising fees and doing away with free services, has a new target: debit-card users. Bank of America Corp. is laying plans to charge millions of customers a $5 monthly fee to use their debit cards , and other big banks are expected to follow suit. The industry says it needs the fees to recoup revenue it will lose because of new government regulations that cap what they can charge merchants for debit-card transactions. Bank of America, the largest U.S. bank by assets, disclosed the plan on Thursday in a memo to its senior staff. It intends to begin collecting the fees nationwide early next year. Several other large banks, including J.P. Morgan Chase & Co. and Wells Fargo & Co., are testing or plan to test similar fees in some states. Regions Financial Corp., a Birmingham, Ala.-based lender, has said it will start charging a $4 monthly debit-card usage fee on certain accounts on Oct. 1. New federal limits on debit-card “swipe fees” are expected to cost U.S. banks an estimated $6.6 billion a year in lost revenue. To offset that lost revenue, many banks have eliminated or scaled back debit-rewards programs, added monthly fees for checking accounts and raised minimum balance requirements for customers to avoid certain fees. The limits on debit-card swipe fees—one of the most contentious regulations to arise from the financial crisis—were finalized by the Federal Reserve Board in June and take effect on Saturday. The new rules will cap at 24 cents the fee merchants pay banks each time a customer buys something with a debit card, down from the current average of 44 cents. The rules apply to banks with $10 billion and more in assets. Bank of America has said it expects the caps, which the industry lobbied against for months, to erase $2 billion in revenue annually. “The economics of offering a debit card have changed with recent regulations,” a spokeswoman for Bank of America said Thursday. What to do? Move your money. Check out where the community banks in your area are here .

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Mystery surrounds suicide of Iranian bloggers

Opposition supporters believe young couple were pressured to testify against missing human rights activist Kouhyar Goudarzi Two Iranian bloggers have killed themselves after being detained by security officials thought to be from Iran’s ministry of intelligence. Opposition activists believe Nahal Sahabi and her partner Behnam Ganji had been under intense pressure to testify against their friend Kouhyar Goudarzi, the prominent human rights activist. Goudarzi was arrested on the same day, 31 July, and remains missing. At the time, the authorities refused to acknowledge holding them. A week after the arrests Sahabi and Ganji were released from jail but Goudarzi, a member of the Committe for Human Rights Reporters (CHRR) in Iran is still missing, his lawyer said by phone from Tehran. Ganji killed himself on 1 September, followed by Sahabi on 28 September, according to an article on CHRR’s website. The reasons behind the double suicide is unknown but speculation is rife that the pair had been pressured while in jail to testify against Goudarzi. “She suffered from depression after Behnam had mysteriously committed suicide a couple days after he was released from prison,” said the CHRR article. “Kouhyar Goudarzi is still detained incommunicado. “There is no information on what happened to Behnam Ganji and Kouhyar Goudarzi in prison. Behnam Ganji’s suicide has raised serious concerns regarding Kouhyar Goudarzi’s unknown situation.” On her last blogpost, addressed to parents and friends, Sahabi wrote about Ganji and shared a YouTube video of a song by the Greek composer Eleni Karaindrou, called Wedding Waltz. Goudarzi, 25, was previously arrested in the aftermath of Iran’s disputed presidential elections in 2009. He was initially accused of moharebeh (waging war against God), which carries a death sentence, but was convicted of “spreading propaganda against the regime” and sentenced to a year in prison. While there, Goudarzi won the National Press Club award for his human rights work. He was released from prison in December last year. A day after his arrest in July, Goudarzi’s mother, Parvin Mokhtareh, was detained in the southern city of Kerman. She has been accused of insulting the supreme leader, propaganda against the regime and acting against national security. Amnesty said the charges stemmed from an interview she gave when her son was jailed in 2010 “in relation to his peaceful human rights activities”. Iran Human rights Middle East Blogging Saeed Kamali Dehghan guardian.co.uk

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French ‘supercop’ arrested on suspicion of colluding with drugs barons

Lyon’s deputy police chief suspected of compensating informants with batches of confiscated drugs and working with criminals The French police force has been shaken by what could become its biggest corruption scandal in decades after Lyon’s deputy police chief, nicknamed “Supercop” for his fight against drugs, was arrested on suspicion of colluding with international drugs barons. Michel Neyret, 55, the bouffant-haired and charismatic Lyon detective, was arrested at home along with his wife and is being held in custody. He is suspected of having compensated informants with batches of confiscated drugs; police claim that Nyret then worked with the criminals to resell the products. He is being questioned about corruption, international drugs trafficking and money-laundering. Neyret, however, is regarded as a hero for his success in cutting drug crime and stopping jewellery heists in the Lyon area. He had appeared regularly in the media to talk about Lyon’s success in busting crime; he was also a script adviser on a recent feature film about Lyon gang crime. Three other senior officers were also arrested yesterday in swoops from Lyon to Grenoble and the investigation spread to Cannes on the French riviera. Several other people linked to organised crime were being questioned in Lyon and Cannes including a man in his 30s believed to have provided Neyret with luxury cars, including a Ferrari and a Rolls Royce. Judges working on the case said they were investigating links between the police and French organised crime as well as potentially the Italian mafia. The trafficking is said to have involved hard drugs transported from South America, linked to a Paris-region cocaine ring dismantled by police last November. Judges are investigating Swiss bank accounts allegedly used to channel profits. Neyret’s lawyers said he contests all the allegations. French police were stupefied at the arrests. If a web of corruption is uncovered at the top of the French force, it would be a major scandal. The interior minister Claude Gueant said that if the allegations are true, it would be “immensely painful” for the French police. The investigation comes just as Nicolas Sarkozy’s inner-circle has been hit by a series of political party-funding corruption investigations and the country is in a state of soul-searching about sleaze. France Drugs trade Europe Angelique Chrisafis guardian.co.uk

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Labour MPs and unions lend support to November student protests

Joint letter to Guardian highlights ‘government’s offensive cuts’ and says ‘the profit motive has no place in education’ A group of unions and Labour MPs has lent its support to next month’s student demonstrations against education cuts, saying that “the profit motive has no place in education”. In a letter to the Guardian , the general secretaries of the Unite , PCS , FBU , NUJ , RMT and BFAWU unions vow to oppose what they term “the government’s cuts offensive” as part of a joint fight by workers and students. The letter, also signed by Tony Benn, and the MPs Mike Wood, Katy Clark and John McDonnell, reads: “We believe that education is a public service, which should be owned publicly, controlled democratically, and funded by taxing the rich. The profit motive has no place in education. We recognise that the fight against the coalition government’s cuts offensive is a joint fight, by workers and students, in defence of a common interest.” It concludes: “We support students campaigning against the government’s higher education white paper ; we stand alongside those school and college students who are planning to walk out; and we oppose any attempt by the authorities to curb their right to protest.” The student demonstrations, which have been called by the National Campaign Against Fees and Cuts , will happen in London on 9 November. Three weeks later, a massive public sector strike co-ordinated by the unions is set to take place amid growing signs that students and unions are working closely together to maximise opposition to the government’s cuts programme. Michael Chessum , a member of the National Union of Students national executive and an organiser for the National Campaign Against Fees and Cuts, accused the government of “waging war” on students and young people. “It has scrapped support for the poorest school and FE students and made millions unemployed, while making the worst cuts in the history of education,” he said. “The government’s higher education white paper is an attempt to end education as a public service. We are determined to derail it.” Chessum predicted that tens of thousands of people would turn out to protest on 9 November, adding: “It’s clear that the movement that we built last year has grown into something much bigger, and it’s vital that we keep fighting on education as well as linking to the broader movement.” Liam Burns, president of the NUS, which is also supporting the demonstration on 9 November, said: “The proposals in the white paper are even more damaging than the prospect of £9,000 fees. The coalition is about to create the exact opposite of the ‘pupil premium’, where students from the most debt-averse backgrounds are forced to ask for less money to be spent on their education. We’ll carry on trying to work with politicians of all parties to stop these damaging reforms, but when fees are trebled, the education maintenance allowance scrapped and even less money is spent on supporting students financially, don’t be surprised that demonstrations are here to stay.” Education policy Tuition fees Higher education Students Trade unions Unite National Union of Journalists Public sector cuts Public finance Sam Jones Matthew Taylor guardian.co.uk

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Palestinian activist wins compensation over detention in UK

Sheikh Raed Salah was held unlawfully after entering the UK despite being banned, the high court rules A Palestinian activist detained on the orders of the home secretary, Theresa May, was held unlawfully and is entitled to compensation, the high court has ruled. The decision is the latest embarrassment for the government over the case of Sheikh Raed Salah, 52, the leader of the Islamic Movement in Israel, who entered the country despite being banned. Since his arrival on 25 June, it has emerged that no one informed him he was prohibited from coming to Britain and that a Heathrow immigration officer who scanned his passport ignored a live alert to exclude him. Three days after entering the UK he was detained at his west London hotel, handcuffed and taken to Paddington Green police station. He had been due to address a series of public meetings, including one at the Houses of Parliament. The home secretary subsequently served a deportation notice on him, on the grounds that his presence in the UK was “not conducive to the public good”. Salah challenged his removal and obtained bail in July. He is appealing against the decision to deport him in separate proceedings before an immigration tribunal which continues next week. In the judgment released on Friday, Mr Justice Nicol found for Salah on one of three grounds that his detention was unlawful. He rejected his claim on two other grounds. Any compensation is likely to be small since it only covers a period of two days until the time when the Palestinian preacher was finally informed correctly why he was being detained. The judgment says immigration officers who detained him failed to ensure information was translated and failed to include the necessary details. Earlier this week, it emerged that senior officials at the UK Border Agency had opposed the home secretary’s decision to deport the Palestinian, warning that the evidence against him was disputed, open to legal challenge and the case “very finely balanced”. Salah had sought damages for illegal detention, arguing in an earlier hearing that he had been “confined without lawful authority” and subjected to what was essentially “false imprisonment”. Neil Sheldon, appearing for the home secretary, had argued that she had acted reasonably and was legally entitled to order Salah’s detention pending deportation. A review of his case by the chief inspector of constabulary also revealed that overseas consular staff were not monitoring Home Office immigration alerts seven days a week. The inquiry report by Sir Denis O’Connor found “insufficiently robust processes” led to UK Border Agency staff at home and abroad, missing six separate chances to intervene overseas, at departure to, and on arrival in, Britain. The chief inspector even recommends that a criminal offence be created of an excluded person “knowingly travelling to the UK in contravention of an exclusion order”. The incident was highly embarrassing for the home secretary as the Palestinian activist was the first high-profile case under her policy of broadening the definition of “non-violent extremists” who encourage terrorism that she pledged to take pre-emptive action against. Salah is the leader of the northern branch of the Islamic Movement in Israel, and has been imprisoned for funding Hamas and leading a violent demonstration. When the order banning him from entering the UK was issued, MPs were told the decision followed allegations of antisemitism and fundamentalist activities. Palestinian territories Theresa May Immigration and asylum Middle East Owen Bowcott guardian.co.uk

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Jon Stewart had on Papa Bear , Bill O’Reilly, Wednesday on The Daily Show to ask him if he would indeed quit his job if his taxes go up. Bill said it was all a big joke. Ha, ha! Of course it was. Billo knows his audience well and the faux outrage he uses to whip them up into a frenzy about taxes and government spending. But on this web-based portion of this interview, Jon made him admit that he’s not against taxing the job creators more as long as government spending is cut. That’s a complete repudiation (I know you thought I might delve into Palin-ese on that word) of the entire meme being pushed by the GOP’s 2012 Presidential candidates, their surrogates and their congressional members. He also agreed that some government regulations of Wall Street are necessary because he doesn’t like “those” people very much. O’Reilly: I don’t like these people. I think there should be rules and government watch dogs and set up rules where they can do this and can’t do that. Stewart: So you’re a Democrat? O’Reilly: On that I am. Wow, did you know Bill is one of us? Funny how these words never make it into his own show. Stewart continues. O’Reilly: I’ll pay the higher tax bracket if they start to cut and watch the dough. That’s fair. Stewart: But isn’t that the plan that was offered O’Reilly tries to feign ignorance that President Obama actually offered up huge compromises to John Boehner on a massively unfair scale weighing towards CEO’s in the debt-ceiling debate and instead tried to use the Solyndra nonsense to make his case about government waste, but Stewart stamped that out and his other discredited attacks of wasteful spending called Muffin-gate . Lawrence O’Donnell debunked O’Reilly’s claims rather easily. So about those $16 muffins … Something that Bill’s flunkie, Jesse Watters could have done in less time than it takes him to book his next sandbagging expedition. Stewart is actually surprised that Bill was willing to chuck tea party principles out the door. Stewart: So my point is for the record that you are saying you will go back to the Clinton era tax rate if you get some cuts in spending… O’Reilly: Big cuts… — Stewart: So we’ve come to the conclusion that you’re going to tell the knuckle heads over their where you are working to knock off the whole, job creators are being punished and why punish the successful, you’re going to tell them to knock that off, it’s ridiculous because they should pay their fair share, they had a great decade, had a great ride, now it’s time for society, let’s come together, shared sacrifice and get this done. O’Reilly: Everybody has to sacrifice, I’ll agree with that Everybody has to make some concessions. Stewart: You’re a good man then… This is actually a shocking segment in so many ways because Bill O’Reilly shunned the conservative lies and the economy and couldn’t stand behind the phony tax cutting-job creator myths that Boehner, Ryan, Cantor, McConnell and all their cohorts have been droning on about since Obama took office. O’Reilly can read the polls too.

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Join C&L in Buying the Occupiers Some Solidarity Pizzas

enlarge Credit: Initiatives for Change In New York, they’re on day 14 of their occupation of Wall Street. According to reports, Liberatos Pizza has been taking calls and orders from around the country to feed the protesters. Their information is here . Occupy LA is promising to be a healthy-sized march and occupation of City Hall in Los Angeles this weekend (judging by their Facebook page ). So we’re buying them some pizzas! You can too. We have two ways: You can either call Rocket Pizza yourself and order some pies (as many as you want) to be delivered tomorrow (Saturday) at the demonstration. I talked to the manager at Rocket Pizza we have a deal all set up with them: -$22.50 for a Cheese Pizza and a six pack of soda (tax and tip Included) -$29 for Vegetarian or Pepperoni and a six pack soda (tax and tip Included) They open at 11:30 am PST. If that’s too steep, we’ve set up a fund via PayPal where you can buy a slice or less…and we can all pitch it to buy a whole pizza together. It’s up to you. All donations and any donations appreciated. Amato is pitching in a few pizzas to get it going. Here’s our PayPal pizza fund: Liberatos Pizza in New York: (212) 344-3464 Rocket Pizza in LA: (213) 687-4992 If there are other solidarity demonstrations around the country that need some feed – let me know. I’ll add it in an update. Also Amato is threatening to show up at City Hall but I’ll definitely be there with my camera.

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Ecstasy trial planned to test benefits for trauma victims

Scientists hope to overcome tabloid anger after US trial suggests clubbers’ drug can bring dramatic improvements for PTSD sufferers Doctors are planning the first clinical trial of ecstasy in the UK, to see whether the clubbers’ drug can be beneficial in helping the traumatised survivors of child abuse, rape and war. Ecstasy and some other illegal drugs, such as LSD and psilocybin (magic mushrooms), are potentially useful in treating people with serious psychological disturbance who cannot begin to face up to their own distress, some psychiatrists and therapists believe. But because of the public fear and tabloid anger generated around illegal drugs, scientists say they find it almost impossible to explore their potential. Professor David Nutt, the psychopharmacologist who used to head the government’s Advisory Council on the Misuse of Drugs until he fell out with the Labour home secretary over the classification of ecstasy as a class A drug, said: “I feel quite strongly that many drugs with therapeutic potential have been denied to patients and researchers because of the drugs regulation. “The drugs have been made illegal in a vain attempt to stop kids using them, but people haven’t thought about the negative consequences.” Nutt and the Taunton-based psychiatrist Dr Ben Sessa are two of the British scientists who hope to repeat an experiment on patients with post-traumatic stress disorder (PTSD) undertaken in the US which, although small, was dramatically successful and has caused some in the scientific community to think what was until recently unthinkable. It involved 20 people who had been in therapy and on pills for an average of 19 years. Twelve were given MDMA – short for 3,4-methylenedioxymethamphetamine, the chemical compound found, often adulterated, in ecstasy tablets. The rest had placebo pills but were later also given the chance to take MDMA. Each one had a therapy session, lying back in a reclining chair in a pleasant flower-decorated room in South Carolina, wearing an eyemask. Sometimes they listened to music on headphones and sometimes they were encouraged to talk to the therapist – all the while thinking about the events that had caused them such profound distress that they had been unable to revisit them in previous psychotherapy sessions. The response rate was a remarkable 83% – 10 out of the 12 showed lasting, significant improvement two months after the second of two MDMA therapy sessions. That compared with 25% of those on placebo. There were no serious side-effects and no long-term problems. “I expected that it was going to be effective,” said Michael Mithoefer, the psychiatrist who ran the study and carried out the psychotherapy with his wife, Ann. “I suppose we wouldn’t have done it otherwise. But I didn’t necessarily expect we’d find such statistical significance in that number [of people]. That was the icing on the cake.” The flood of servicemen and women returning with PTSD from Afghanistan and Iraq is attracting special attention to this study in the US. Only one of the 20 was a veteran, while the rest had suffered childhood sexual abuse, rape or other kinds of assault, said Mithoefer. His next study will be on veterans alone. Nutt believes MDMA could be invaluable. PTSD, he said, “is an extraordinarily disabling condition and we don’t have any really effective treatments. In order to deal with trauma, you have to be able to re-engage with the memory and then deal with it. For many people, as soon as the memory comes into consciousness, so does the fear and disgust.” Mithoefer said the participants did not appear to have joined the trial in hopes of some sort of high. “I don’t think that was much of a factor at all. Some people were referred by their therapist and had never taken any drugs and were quite anxious about the whole thing and for them it was a last resort. “Interestingly, several people said after their session: ‘I don’t know why they call this ecstasy’ – because it was not an ecstatic experience. They were revisiting the trauma. It was very difficult and painful work, but the ecstasy gave them the feeling they could do it.” People talked of getting past a barrier. One said: “I feel like I’m walking in a place I’ve needed to go for so long and just didn’t know how to get there. “I feel like I know myself better than I ever have before. Now I know I’m a normal person. I’ve been through some bad stuff, but … those are things have happened to me, not who I am … This is me. The medicine helps but this is in me.” Another said: “I have respect for my emotions now (rather than fear of them). What’s most comforting is knowing now I can handle difficult feelings without being overwhelmed. I realise feeling the fear and anger is not nearly as big a deal as I thought it would be.” Sessa said he hoped to recreate the study in the UK but “with an added twist – lots of neuro-imaging”. The only brain scans that have been done are of recreational ecstasy users, whose drugs may be contaminated and who have probably taken other substances too. The death in 1995 of Leah Betts after taking ecstasy, from drinking too much water in response to a campaign warning ravers of the danger of dehydration, had prevented rational debate or scientific advance. MDMA, he said, “is not about dancing around nightclubs – it’s a really useful psychiatric drug”. Nutt said it made him quite angry that MDMA and LSD had been banned before any doctor could establish their potential benefit. LSD was being tried in terminal cancer. “When I started in medicine in 1969 they were starting to see some interesting data in the use of LSD to help people make sense of dying. I don’t think it is fair that because a drug is misused it should be banned from use in medicine. Heroin has been around for a hundred years so although it is illegal for street use, at least we have got that.” Leading the movement to get MDMA licensed for medical use is Rick Doblin, the founder in 1986 in the US of Maps, the non-profit Multidisciplinary Association for Psychedelic Studies, which backed Mithoefer’s trial. “I think the chances of getting a licence are excellent. We have demonstrated an excellent level of safety. It’s worked. It’s necessary,” he said. “It is probably going to take 10 years and $10m to do it.” Doblin, whose organisation relies on philanthropic donors, has no idea where that money will come from. Nutt and Sessa, whose proposed trial in the UK would boost the chances of MDMA entering the (locked) psychiatric drug cabinet, are waiting for a response to their modest grant application from one of the UK’s leading medical research funders. Sessa is optimistic; battle-scarred Nutt less so. Ecstasy will for ever be controversial. “If we get the study funded and into the public domain,” says Nutt, “the Daily Mail will try to have it banned.” Drugs Drugs Health Drugs policy David Nutt Science policy Sarah Boseley guardian.co.uk

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Media Mash: Attempts to Smear GOP as ‘Bloodthirsty’ and Newsweek Editor’s Admission Obama ‘Wasn’t Ready’

In the weekly take-down of the liberal media on Fox News Channel's “Hannity” on Thursday, NewsBusters publisher and Media Research Center President Brent Bozell condemned efforts to “demonize the Tea Party, to marginalize the Tea Party, to suggest that the Tea Party's extremist” simply because GOP debate audiences voiced support for the death penalty. [ Audio available here ] Following a clip of CNN's Jack Cafferty asking viewers to tell him whether or not Republican primary voters were “bloodthirsty,” Bozell pointed out, “…the vast majority of Americans support the death penalty for convicted murderers and terrorists. That's the reality….Only CNN finds something radically strange about somebody expressing this support.” View video after the jump Bozell also noted a glaring double standard: “Four years ago, Hillary Clinton made a statement in a speech that she gave, where she said the U.S. military had done its job. Her audience booed her for it….There wasn't a single media story on that.”

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