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By Hans Koning

The ebook is an idea that has eventually came upon its time.--Publisher's Weekly "I imagine your publication on Christopher Columbus is critical. i am extra thankful for that booklet than the other booklet i've got learn in a few years."--Kurt Vonnegut

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Extra resources for Columbus: His Enterprise: Exploding the Myth

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Moreover. S. Congress (lobbied by the major credit card companies of course), making it muoh more difficult for persons to escape their debt burden. 22 In conjunction with these changes the minimum monthly payment required on outstanding balances has recently increased dramatically. 23 Interestingly, however, there has simultaneously been a reduction in the level of outstanding debt of the wealthiest households; consequently, lower-income households account for much of the increase in outstanding Alienation in the "Cashless Society" 29 debt and rnuch of the increase in delinquencies and personal bankruptcies because of credit card debt.

Across India. They tell the same lureand-trap stories and sing the same chorus of outrage. Yet saying that the world runs on plastic today won't really be an exaggeration. Flyers, advertisements, telemarketing, SPAM and more, constantly bombard us with credit-card offers. And there is one to satisfy your every need, from eating out to frequent flying to even pandering your social conscience. Beyond the convenience factor, is an intangible sense of wealth and power that credit-cards can give. 51 Hence, the application of Marx's reflections concerning the power of capital to the American credit card system seem to be borne out by the recent experien ces of many other societies.

Rothman. "Drowning in Debt. ,. " MSNBC (20 April 2005). msn. com/id/7575010/ (accessed 6 July 2006). See also. Francis B. " Consumers' Researeh Magazine 81 (February 1998): 10-14. Ian Domowitz, "Determinants of the Consumer Bankruptcy Decision," Journal of Finanee 54 (February 1999): 403-20. Nancy Ten Kate, "Debt Perception," Ameriean Demographies 19 (1997): 31-33. Miriam Souccar, "The New 3 R's on College Cmnpuses: Reading, 'Riting, and Revolving Debt," Ameriean Banker 171 (8 September 1998): 2-4.

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