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PDF Editor FAQ

Is United Airlines at fault for dealing with an overbooking by forcibly removing a passenger? Were United’s actions appropriate?

Yup.Partly because it was: A. Very. Easy. Fix. They offered passengers $800 (plus a room) and no one accepted. I’m pretty sure there was one passenger on that plane that would have accepted $5,000.The question for United now is — how much will this fiasco cost? I suspect they will be LUCKY to settle the (soon to be filed) lawsuit (out of court) for low seven figures … AND the CEO may wind up getting axed by the Board.Other airlines will capitalize on this — and will benefit from behavior that is just plain dickish. Here’s the first one … there will be others.

Why did the negotiations between Costco and American Express fail? How is it they can just walk away from that kind of opportunity? What has happened behind the scenes that the general public is scratching their heads over?

It Costs To Pay With A Card At Costco, But There Are Hidden BenefitsCostco has always seen the ~1.50% they typically incur for payment card transactions as a material loss to revenues. There was some foundation for this thinking in the early 1980s, but as it stands today a vast majority of retailers see payment card transactions as a profit center. Since the payment card, most directly the credit card, allows for purchases today when money is not currently available to the customer, this raises the typical amount charged and also increases store visits. This is especially true at a store that sells in bulk quantities. The merchant gets the benefit of a loan as < 2% with no liability if the person paying the loan defaults. This premise is lost in the political positions some retailers have taken with MCX and CurrentC.Costco has placed the expense to accept a payment card out to a cyclical bidding process. The bidders balance the increase use and exposure of their brand with cutting payment processing costs to accommodate Costco.The writing was on the wall when in September, Costco reached a deal with Capital One Financial Corp. and MasterCard Inc. for co-branded credit cards in Canada [1], replacing AmEx at the beginning of 2015. Costco stopped accepting all American Express cards in Canada after January 1st as the negotiations with American Express to renew the contract fell through.It is safe to conclude that American Express, for whatever reasons, did not win the bid in the US to continue to be the exclusive payment card. It is conjecture to assume that Capital One Financial Corp. and MasterCard Inc. have won the US portion of Costco’s payment card business, but the tilt is in this direction.It is important to note that Costco accepts NFC based payments in Canada and the Capital One card has a built in NFC chip. Thus if the relationship is brought to the US, it is safe to bet that Costco will be ready, willing and able to accept Apple Pay.____[1] Capital One Platinum MasterCard exclusively for Costco Members - Apply

What is the truth about Trump's ties to Russia?

Hello!Well, today we, the American people will know more. Because Deutsche Bank and Capital One have until Tuesday afternoon, today, to tell a New York appellate court if they are in possession of President Trump’s tax returns, according court order issued Monday. If the two banks cannot answer the question by Tuesday at 4 p.m., they will have to explain why “in detail[.]” Here’s the link to the full story; Court Orders Deutsche Bank, Capital One to Disclose Whether They Have Trump's Tax ReturnsYet the question remains: What if your president had unspoken financial ties to a foreign government — which until recently, was considered an enemy of the United States?As an American, do you think we have the right to know about such financial entanglements?Well, say hello to the gatekeeper, for such suspected transactions ...Deutsche Bank faces action over $20bn Russian money-laundering schemeLuke Harding, The Guardian — April 17, 2019Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, a confidential internal report seen by the Guardian says.The bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche concedes that the scandal has hurt its “global brand” – and is likely to cause “client attrition”, loss of investor confidence and a decline in its market value.Deutsche Bank was embroiled in a vast money-laundering operation, dubbed the Global Laundromat. Russian criminals with links to the Kremlin, the old KGB and its main successor, the FSB, used the scheme between 2010 and 2014 to move money into the western financial system. The cash involved could total $80bn, detectives believe.[...]Conveniently for Trump, those years coincide very well, with the years the Trump’s sons admitted they got “all the funding they needed out of Russia” ... (between 2008 and 2014).So how much “funding” did Trump get from Deutsche over the years, when Trump’s sons admitted “we don't rely on American banks”?New York Times broke that story. Here is CNBC’s recap of Trump’s reliance on Deutsche’s “assets”:Deutsche Bank loaned more than $2 billion to Trump over two decades: NYTYen Nee Lee, CNBC — Mar 19, 2019Deutsche Bank loaned more than $2 billion to Donald Trump before he became president — despite multiple red flags surrounding his business dealings, The New York Times reported Monday.The Times interviewed more than 20 former and current executives and board members at Deutsche Bank for the report, which outlined how Trump managed to secure financing from the German bank for nearly two decades despite his bankruptcies and being considered a risky client by other lenders.[...]According to the newspaper, in some instances, Trump exaggerated his wealth and promised to reward bankers with a weekend at Mar-a-Lago — his private club in Palm Beach, Florida — in order to get loans.Over the years, Trump used loans provided by Deutsche Bank to build skyscrapers and other high-end properties, the Times reported. For the German bank, its relationship with Trump was key in building its investment-banking business, the report said.[...]If all this Russia-Deutsche-Trump “investing” was above board — WHY in the world is Donald Trump fighting like hell, to block those records from ever seeing the light of day?It looks like Trump has a new insider-ally in his stonewalling effort to prevent the American people from ever discovering his Russia “co-signing” history. In triplicate hard copy …DOJ asks appeals court to block subpoenas for Trump bank recordsSylvan Lane, The Hill — Aug 19, 2019The Department of Justice (DOJ) on Monday asked a federal appeals court to block House subpoenas for President Trump’s personal financial information.In a Monday brief, the DOJ argued that the U.S. Court of Appeals for the 2nd Circuit should block subpoenas from House committeeswho are seeking Trump’s records at Deutsche Bank and Capital One.Trump has sued to prevent Capital One and Deutsche Bank from turning over records of their business with the president to the House Financial Services, Intelligence and Oversight and Reform committees.Those committees issued subpoenas for Trump’s financial records in April as part of a broad investigation into Russian money laundering and financial crimes in the U.S.[...]Just release your “long forms” Donald. The American People have a right to know if their president has unspoken financial “loyalties and obligations” to other countries — Russia — that have been yet to be made public.Something explains Trump’s devotion to Putin’s agenda. This Russia-Deutsche-Trump connection just might be it: The smoking gun, the silver bullet, the fast track to Debtor’s court for The Donald.Because as we all were taught to accept and repeat, back when our National Security was a bit more than the trite buzzword, it’s been turned into today:If you haven’t done anything wrong Donald — then you don’t have anything to worry about.Release your “long forms” Donald. The American People have a right to know — if you in fact, have been “bought and sold” by Putin. As your sons have so conveniently reminded us, is likely the case.— —Where’s the Trump’s Deutsche Bank records?Donald Trump in his own words, about the need for presidential “transparency” …1. "Why doesn't he show his birth certificate? There's something on that birth certificate that he doesn't like."— March 23, 2011, on "The View"2. "He's spent millions of dollars trying to get away from this issue. Millions of dollars in legal fees trying to get away from this issue. And I'll tell you what, I brought it up, just routinely, and all of a sudden a lot facts are emerging and I'm starting to wonder myself whether or not he was born in this country."— March 28, 2011, on Fox News3. "He doesn't have a birth certificate, or if he does, there's something on that certificate that is very bad for him. Now, somebody told me -- and I have no idea if this is bad for him or not, but perhaps it would be -- that where it says 'religion,' it might have 'Muslim.' And if you're a Muslim, you don't change your religion, by the way."— March 30, 2011, on The Laura Ingraham Show[...]www.cnn.com — Sept, 16, 2016Trump goes on … with 11 more reasons WHY Obama needed to be “transparent” …If those “reasons” were good enough for one president — they should be good enough for another…This answer is attributed to everyone linked in the text and to: jamess's Profile, Follow the Money: From Moscow to Mar-a-Lago

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