August 30, 2012 |
Bowing to pressure from consumers and Congress, major banks are simplifying the information they provide to customers about their most basic product - the checking account. Bank of America Corp. said Wednesday that it was adopting plain-language disclosures that fit on a single sheet of paper, as suggested by the Pew Charitable Trusts, a Philadelphia nonprofit that has been outspoken about consumer frustration with lengthy legal terms and conditions. The changes were spurred by complaints that banks - which caused the financial crisis and were bailed out by taxpayers - had embedded hidden fees and penalties in dozens of fine-print pages describing supposedly free checking accounts.
May 22, 2010 |
Facing growing protests over its handling of users' personal information, Facebook plans to make changes to the privacy settings available on the world's largest social networking website. But the steps, to be unveiled as early as next week, may not go as far as critics would like. Lawmakers, regulators, privacy watchdogs and some Facebook users have unleashed a storm of criticism of the Internet company since it launched a program that shares user data with three third-party websites.
December 6, 1998 |
Elaine St. James has the day off.
CALIFORNIA | LOCAL
October 17, 2006 |
A City Council panel endorsed an ordinance Monday that would consolidate the 42 tax categories for businesses into nine as part of an effort to simplify the business tax system. The council's Budget and Finance Committee sent the ordinance to the full council for approval, also recommending that the business taxes be reduced by 4% across the board next year, as allowed for by previously adopted reforms, because revenue projections had been met.
CALIFORNIA | LOCAL
January 25, 1995 |
In an attempt to standardize rules that determine when residents can water their lawns, the Camarillo City Council tonight will consider amending city regulations to simplify the allowable watering times. Currently, the city prohibits the watering of lawns between 10 a.m. and 4 p.m. during standard time and 8 a.m. and 6 p.m. during daylight-saving time, said John Elwell, the city's director of community services.
January 9, 2007 |
The United States and Japan announced plans to harmonize their patent systems, streamline patent application processes and jointly fight piracy and counterfeiting. Beginning with pilot programs this year, the two major trade partners will work to standardize patent application formats and promote electronic exchange of documents in an effort to build a global system for document exchanges.
January 3, 1987 |
The Internal Revenue Service is proposing the use of credit cards to simplify the process of paying annual income taxes, IRS Commissioner Lawrence Gibbs said Friday. The IRS proposal, under consideration at the Treasury Department, would allow taxpayers to charge their tax bills much as they charge merchandise. "We would charge your credit card account and then you would pay your credit card company," Gibbs said on NBC-TV's "Today" show.
August 4, 1988
Microwave ovens have invisible high frequency waves of energy (microwaves) that are much like radio waves and bounce off the oven walls. They pass through non-metallic cooking utensils and are absorbed by the food. The energy from the microwaves causes rapid movement of food molecules, the friction from which produces heat to cook the food. Considered by most to be an excellent companion to conventional ranges, microwaves can cook most food in one-fourth or less than the normal cooking time.
May 12, 1993 |
The House Ways and Means Committee on Tuesday voted to simplify the way Social Security taxes and unemployment insurance are paid for domestic workers. The panel voted to raise the wage threshold from $50 in each calendar quarter to $1,750 a year in 1993 and to index it for inflation thereafter.
CALIFORNIA | LOCAL
February 27, 1999
Excerpts from sermons to be delivered around Orange County on Sunday: SPIRITUAL PRINCIPLES: "We are constantly being bombarded with all kinds of information through electronic and print media. This constant stream can lead us to feel rushed, indecisive or overwhelmed. But there are spiritual principles we can use to simplify our lives and rediscover what is really important, that which nurtures our souls." --Rev. Margaret Mohit, speaking at 9 and 10:30 a.m.