Indian baby suffers horrendous burns in shocking dowry dispute

An Indian woman has died and her 13-month-old daughter suffered horrendous burns after her husband and father-in-law set them on fire as they slept, in a dispute over a dowry payment.   Original post on telegraph.co.uk    Comments on reddit.com   

Square: Jack Dorsey’s payments firm is Silicon Valley’s next great company.

Ever since Facebook went public, people in Silicon Valley have been a bit bummed out about the tech industry. Keep in mind that the Valley is infinitely optimistic, so even when they’re bummed, folks here keep smiling. Still, in numerous conversations over the past few months, I’ve detected a sense…   Original post on slate.com    Comments on reddit.com   

Ex-Google exec’s new venture helps students avoid corporate life – Reuters

Service lets students raise money online* Initially available at 5 colleges, universitiesBy Alexei OreskovicSAN FRANCISCO, Aug 8 (Reuters) – Four months after leavingGoogle Inc, the former head of   Original post on reuters.com    Comments on reddit.com   

Credit-card pact no deal for consumers – Jennifer Waters’s Consumer Confidential – MarketWatch

The $7 billion settlement between Visa, MasterCard, some large banks and retailers, if approved, sends a strong message to consumers: Buck up and plan on paying for the privilege of using a credit card or any other payment method.   Original post on marketwatch.com    Comments on reddit.com   

WikiLeaks Reopens Channel For Credit Card Donations, Dares Visa And MasterCard To Block Them Again – Forbes

Assange speaking a press conference regarding the financial blockade against the site in late 2011. After 18 months of having its funding nearly completely cut off by a payment industry blockade, WikiLeaks says it’s finally found a new workaround that allows it to receive credit card donations. And after a legal [...]   Original post on forbes.com    Comments on reddit.com   

PayPal Bans Major File-Hosting Services Over Piracy Concerns – TorrentFreak

In recent weeks, PayPal has cut off many of the world’s largest filehosting sites from its service including MediaFire, Putlocker and DepositFiles. Growing concern over copyright infringement has resulted in an extremely strict and in some cases privacy-violating set of requirements being laid down by the payment processing company. Cyberlocker owners are disappointed with the apparent witch-hunt which in some cases is paralyzing their business.   Original post on torrentfreak.com    Comments on digg.com   

In Milwaukee Post, Cardinal Authorized Paying Abusers – NYTimes.com

As the archbishop of Milwaukee, Cardinal Timothy M. Dolan of New York authorized payments of as much as $20,000 to persuade sexually abusive priests to agree to dismissal.   Original post on nytimes.com    Comments on reddit.com   

BofA tries turning distressed homeowners into renters – latimes.com

Bank of America is testing a mortgage-to-lease program in California and three other states. The idea: Instead of evicting homeowners who face foreclosure, it lets them stay as tenants and sells the homes to investors.   Original post on latimes.com    Comments on reddit.com   

Man Commits Suicide After Years Of Fighting Wachovia & Wells Fargo Over Mortgage Mess-Up – The Consumerist

We’ve written some incredibly sad stories about homeowners trapped in the mortgage meltdown maze, and this one certainly ranks up there among the most depressing. Not just because a man is dead, but because it could have all been prevented more than three years ago. Back in 2000, the man and his wife purchased a home together in Southern California. They made a 30% down payment and spent the next several years making their payments to the bank on-time and in-person. They also spent several years dodging suggestions from Wachovia to refinance their mortgage. But five years ago, a Wachovia…   Original post on consumerist.com    Comments on reddit.com   

Spain Unpaid Bills May Haunt Rajoy as States Crave Liquidity – Bloomberg

Spanish Prime Minister-electMariano Rajoy is set to inherit billions of euros of unpaid bills along with the euro region’s third-largest budget deficit. Spain ’s 8,000 municipalities and 17 semi-autonomous regions are suffering from a cash squeeze as many are shut out of markets, prompting them to delay paying suppliers. Regions’ debt rose 1.5 percent to 135 billion euros ($176 billion) in the third quarter the Bank of Spain said today. Catalonia had the highest debt, at 39.3 billion euros. Companies are being paid 157 days late on average, about three times the legal payment delay, according to the Platform Against Late Payment, a federation of employer groups, and pharmaceutical companies say they are owed 5.83 billion euros by public hospitals. While Rajoy has pledged to help local administrations pay suppliers, that may add to the state’s debt burden and undermine efforts to lower sovereign borrowing costs. “Rising commercial debt means…   More