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When Roger West first launched the progressive political blog "News From The Other Side" in May 2010, he could hardly have predicted the impact that his venture would have on the media and political debate. As the New Media emerged as a counterbalance to established media sources, Roger wrote his copious blogs about national politics, the tea party movement, mid-term elections, and the failings of the radical right to the vanguard of the New Media movement. Roger West's efforts as a leading blogger have tremendous reach. NFTOS has led the effort to bring accountability to mainstream media sources such as FOX NEWS, Breitbart's "Big Journalism. Roger's breadth of experience, engaging style, and cultivation of loyal readership - over 92 million visitors - give him unique insight into the past, present, and future of the New Media and political rhetoric that exists in our society today. What we are against: Radical Right Wing Agendas Incompetent Establishment Donald J. Trump Corporate Malfeasence We are for: Global and Econmoic Security Social and Economic Justice Media Accountability THE RESISTANCE
Showing posts with label Bank of America. Show all posts
Showing posts with label Bank of America. Show all posts

Monday, December 12, 2011

Too Advertise Or Not

Lowe’s, Bank Of America, and others pull ads from Muslim reality TV show after pressure.



The TLC reality TV show All-American Muslim chronicles the lives of a group of Muslims in Dearborn, Michigan. The show has been well-received for its fair and realistic portrayal of the Muslim American experience in the United States. Watch a trailer for the show here.

But a reality TV show that lets Americans relate to the lives of Muslims in the United States is an offensive idea to those who want to demonize Islam. The Florida Family Association (FFA) launched a campaign earlier this year to get companies to pull their advertising from the program. FFA claims that 65 of the 67 companies targeted have done this, including home improvement giant Lowe’s and megabank Bank of America:
The Florida Family Association, a Tampa Bay group, has led a campaign urging companies to pull ads on “All-American Muslim.” The FFA contends that 65 of 67 companies it has targeted have pulled their ads, including Bank of America, the Campbell Soup Co., Dell, Estee Lauder, General Motors, Goodyear, Green Mountain Coffee, McDonalds, Sears, and Wal-Mart.
 
One of the companies that FFA claims pulled commercials, Amway, told the Washington Post that such reports were “misleading” and that it has done no such thing. Lowe’s told the paper that it did indeed pull advertising. “We understand the program raised concerns, complaints, or issues from multiple sides of the viewer spectrum, which we found after doing research of news articles and blogs covering the show,” said Katie Cody, a spokeswoman for Lowe’s.


The Islamic Circle of North America is urging concerned citizens to call Lowe’s and protest their withdrawal of advertising: “We urge the American Muslim community and our friends, family, neighbors and all people of conscience to call Lowe’s CEO Robert Niblock at (704) 758-2084 or Executive Support Mr. Andrew Kilby at (866) 900-4650 and respectfully complain about this decision.”


UPDATE:


Lowe’s issued this statement on Facebook confirming that it pulled the ads: “Lowe’s has received a significant amount of communication on this program, from every perspective possible. Individuals and groups have strong political and societal views on this topic, and this program became a lighting rod for many of those views. As a result we did pull our advertising on this program.”
The Florida Family Association, the right-wing group responsible for manufacturing a campaign against All-American Muslim, says this about the show:
Clearly this program is attempting to manipulate Americans into ignoring the threat of jihad and to influence them to believe that being concerned about the jihad threat would somehow victimize these nice people in this show.

NFTOS

Friday, September 9, 2011

Corporate America at Its Best

Widow alleges Bank Of America called her 48 times a day to remind her of dead husband’s debt.



Deborah Crabtree, of Honolulu, Hawaii tragically lost her husband to cancer on Aug. 3. The bank to which he owed money, Bank of America, didn’t even wait for a day after his death to begin calling Crabtree to remind her that her husband had missed a $3,000 mortgage payment on their home.

Crabtree told Bank of America that she had $5,000 on hand, and that she needed this money to buy food and bury her husband. Convinced that Crabtree should be using this money to pay them, Bank of America repeatedly “robo-called” Crabtree during her husband’s wake, sometimes with only 15 minutes between each call.

Now, Crabtree is suing the bank, alleging that it called her up to 48 times a day, even repeatedly demanding evidence that her husband was dead, and once receiving it, losing it. Crabtree’s complaint cites the emotional distress and mental anguish caused by Bank of America’s behavior.

The local NBC news affiliate covered Crabtree’s case. After reaching out to Bank of America, the station says that it did eventually cease the calls after learning of Mr. Crabtree’s death.



Earlier this month, CNNMoney published a piece on banks and other financial entities seeking debts of the deceased from mourners. It notes that under the Fair Debt Collection Practices Act, there are prohibitions against “third-party debt collectors…collecting debts at ‘inconvenient times’ and harassing customers.” However, this law only applies to “third-party debt collectors, not the banks ......which are regulated by individual states.”


NFTOS

Monday, March 28, 2011

Bank Of America

Paid Nothing In Federal Income Taxes Last Year And Got Almost $1 Billion From Taxpayers.




All around the country, right-wing legislators are asking Main Street Americans to pay for budget deficits resulting mainly from a recession caused by Wall Street by attacking collective bargaining, and cutting necessary services and investments like college tuition aid and health care for the poor.

Yet at the same time, some of the country’s biggest corporations are getting away without being asked to pay anything at all. In 2009, mega corporations like Boeing and General Electric managed to avoid paying a penny in federal taxes — while also netting enormous benefits in tax benefits and subsidies.

Now, with many companies releasing their financial reports for 2010, it appears that Bank of America — the nation’s largest bank — has gone a second year in a row paying absolutely no federal corporate income taxes. In fact, not only did the company use its losses to avoid paying taxes last year, but it actually reported a tax benefit of almost a billion dollars:
After another money-losing year, Bank of America Corp. got the upper hand with Uncle Sam in 2010.


The Charlotte-based bank had no federal income tax expense for a second straight year and actually reported a tax “benefit” of nearly $1 billion. Also, the bank’s billions in accumulated losses could reduce its taxes in future years, a tax expert said.

“Bank of America takes its role as a corporate citizen very seriously, and pays taxes in accordance with all applicable laws and regulations,” bank spokesman Jerry Dubrowski said.
“If you go out and try to make money and you don’t do it, why should the government pay you for your losses?” asked Bob McIntyre of Citizens for Tax Justice when Bank of America used a similar provision in the tax code to dodge taxes in 2009. Additionally, in one state alone, Connecticut, Bank of America’s state income tax tax dodging cost the state a whopping $500 million.

Over the weekend, the UK-inspired movement US Uncut held demonstrations at Bank of America branches all over the country to protest the bank’s egregious tax dodging. In Washington, D.C., US Uncut protests shut down a major Bank of America branch in the Columbia Heights neighborhood. Watch it:



In a press release from last week, Sen. Bernie Sanders (I-VT) laid out ten corporate tax dodgers who aren’t paying their fair share and called for shared sacrifice. “We have a deficit problem. It has to be addressed,” said Sanders in a press release addressing tax fairness. “But it cannot be addressed on the backs of the sick, the elderly, the poor, young people, the most vulnerable in this country. The wealthiest people and the largest corporations in this country have got to contribute. We’ve got to talk about shared sacrifice.”


NFTOS