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banking

The conflict between federal law and pot legalization in Washington and Colorado will be on the agenda in Congress this week.

Put Your Money Where Your Mouth Is: The Conversation Talks Economics

Aug 21, 2013
Paul Krugman
Center for American Progress

We discuss the economy a lot on The Conversation. From the effects of the recession to financial planning, money is always in the news. Today, we rebroadcast some of our best interviews with economists and financial reporters, including a talk with Paul Krugman in front of a live studio audience.

Account Denied: Tough Standards Exclude Low-Income People From Banks

Aug 1, 2013

Most people need bank accounts. But these days a relatively minor mistake like a bounced check can get you banned from a bank for up to seven years. Ross Reynolds talks to Jerry DeGrieck, the senior policy adviser to Seattle Mayor Mike McGinn, about how this is hurting low-income people who just need a way to cash their checks and keep money safe.

Flickr Photo/Red Maxwell

After numerous high-profile lawsuits against tech companies, a Bellevue-based patent company is now setting its sights on the financial industry.

On Tuesday, Intellectual Ventures announced it has filed lawsuits against two banks, JP Morgan Chase and Fifth Third Bank, for patent infringement. This is Intellectual Ventures’ second round of lawsuits targeting financial firms in the past week. On May 29, the company filed suit against First National Bank of Omaha and PNC.

It’s estimated that about 8.2 percent of US households don’t use bank accounts. Not only that — 20.1 percent of households are considered “underbanked,” meaning they use bank accounts but still opt for payday loans, check-cashing services and other alternatives. This is according to a recent survey by the Federal Deposit Insurance Corporation.

So why aren’t people using banks? Ross Reynolds talks to some of the un- and underbanked.

Sarah Weddington
AP Photo/Harry Cabluck

Roe v. Wade became the law of the land 40 years ago, but the battle over abortion rights continues today. The past two years saw new restrictions on access to abortion in many states. A recent Pew poll found steady public support for the Roe v. Wade decision, but there's also some confusion — more than half of those under 30 did not know what issue the case dealt with. Sarah Weddington argued Roe v. Wade before the US Supreme Court in 1971 and 1972. She joins us with an assessment of the present and future of women's reproductive rights.

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