Interest unlimited

Should credit card companies be able to charge people unlimited interest if they are willing to pay it? Oh, let’s say 35% or 135% interest. This may be called usury; the definition of usury is an exorbitant or unlawful rate of interest. Maybe companies should only be able to charge at most 21% interest. And if you negotiate or have great a credit score you should be able to get at least 12% interest. It seems like common sense should or an invisible hand should rule the day and bring too high interest rates down or too low interest rates up. But, that doesn’t always happen. So, I think there should be a cap on interest rate, but what? I’d make the limit 25%.
Lawboy-

Copyrights with Hundreds of Authors

If you put your document/content on Wikipedia and then someone edits it; you no longer own the document. Alright maybe you could have them give you the rights to their edits. But what if hundreds of people edit it, and something happens to someone they move away, get put in jail, stop using Wikipedia, changed their email addresses, etc. If everyone gives you their edit rights but that one person does not, do you only own 99% of it? First of all, if you’re worried about your copyright don’t post documents/content on Wikipedia. But, also maybe the Wikipedia documents/content copyrights with its hundreds of authors should not last for as long as regular copyright for individuals or small groups of authors.
Lawboy-

Lost and Found: But what I did Iose?

Do Good Samaritan laws apply to the internet? Alright if you find a purse, the morally right thing to do is to (1) put a sign up, (2) have them call you, and (3) then if they can prove that it’s theirs: you give it back to them. If you lose a flash-drive or media disk with all of your intellectual property (Oh, let’s say diagrams for a new IPod), what should the finder do?

If the finder puts your intellectual property on the internet, is that morally or legally bad? I believe that the best thing to do is to call whomever (e.g. Apple) and give it to them, and you can ask for a finder’s fee. But in a different case, where you do not know who the item belongs to: you should just shred it up and throw it away. They probably have another copy or could make one.
Lawboy-

New Rules: Today, Tomorrow, and Yesterday

Credit card companies change their terms and conditions many times a year. Should credit cards really be able to this? OK fine, but I think they should need to have the clients signature for every change. Or, only be able to change the terms and conditions at most once a year.

Win a Million Dollars or be a Million Dollars in Debt

The credit card company, Discover, is making a deal with their customers that, every credit card purchase you make gets you entered into a million dollar lottery. This is a horrible idea because they are combining credit card debt addiction with lottery addiction. Also, I really doubt Discover has legal permission to do a nation-wide lottery anyway. So you have your choice: win a million dollars or be a million dollars in debt. You Choose…
Lawboy

Opt-in/ Opt-out of Credit Card Mail

Credit cards offers bloat the mailboxes of America. While some people think this is a bad thing, I think it may be good for the following reasons I will list…
1. The post office would go out of business with the credit cards’ business
2. A (rare) few of the offers are good
3. credit card companies depend on mail offers to get new customers
4. If credit card solicitations were prohibited, banks would just advertise a different way.
5. The banks and credit card companies are paying the postage; and all companies have a right to advertise.
6. It only takes you about 10 seconds to look at it and discard the offer into the trash if you want.

I think that credit card offers should remain the way they are; and you should not have to opt-in to get advertisements from any business including banks and credit card companies. However, you should be able to opt out.
Lawboy-

Credit Card Problem

Credit cards are a big issue for Kids as well as adults I believe that kids should not have credit cards. All of my friends that have credit cards always go over there limit. For example say your parents say you can spend $50 a month and you spend $80 these are not that big of numbers so it might not make much difference but if they spent $800 the family might not have money to pay for groceries. Most people spend cash differently than they spend monopoly money, the trouble is lots of people think of credit cards more like monopoly money. I believe there is no problem giving kids debit cards because it is much more like cash because there is a limit, and when they get credit cards they are more likely to think of them like debit cards rather than monopoly money. Although now we have Electronic Banking Monopoly were you use credit cards.
Lawboy-

Tenth Amendment

The Tenth Amendment provides that " The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. The tenth amendment is basically saying that you have to obey all of the other amendments. I AGREE.
Lawboy-

Ninth Amendment

In the Bill of Rights it says “The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.” This amendment was made to protect the constitution. There are many judges and lawers that do not believe that this amendment is required. Justices have not yet found an affective way to put this amendment into action.

Eighth Amendment

The eighth amendment is that excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted. This amendment is crucial but is often disobeyed some states used to have the death penalty but then realized it violated the eighth amendment, the death penalty is legal but not all methods of enforcing it are. Some, such as crucifixion and death by stoning, are obviously unconstitutional. Others, such as the gas chamber, have been declared unconstitutional by courts. And still others, such as hanging and the firing squad, have not been regarded as unconstitutional but are no longer in common use.

Seventh Amendment

In the Bill of Rights it says “in suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury, shall be otherwise re-examined in any Court of the United States, than according to the rules of the common law.” As the Constitution requires that the popular branch of the legislature should have an absolute check, so as to put a peremptory negative upon every act of the government, it requires that the common people, should have as complete a control, as decisive a negative, in every judgment of a court of judicature. This means that people should have the most power.
Sorry I havent blogged for a few days, my grandparents were here.
Lawboy-

Sixth Amendment

The sixth amendment is "In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the Assistance of Counsel for his defense." This means the government can’t hold you in jail for a long time, the trial will be in the place where the crime was committed so the people understand you. The defendant has the right to know what they are being accused of, and you get a defense attorney even if you can’t afford one. This is great because even people that can’t afford a lawyer can get a fair trial.