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Science Explorer
Science Explorer
1 y

Cat That Fell Into Vat Of Toxic Chemicals Is On The Loose In Japan
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www.iflscience.com

Cat That Fell Into Vat Of Toxic Chemicals Is On The Loose In Japan

The Japanese city of Fukuyama is on high alert after a cat fell into a vat of hazardous chemicals before scampering off into the night. Residents have been warned to keep their distance should they come across the unfortunate feline‚ which is covered in the highly acidic carcinogen hexavalent chromium.According to the Japanese newspaper Asahi Shimbun‚ the cat fell into a tank containing the toxic substance at a metal plating factory in the city. On Monday morning‚ a factory worker found a set of yellow pawprints‚ believed to belong to the cat‚ near the tank. In security camera footage‚ a cat can be seen escaping the factory at around 9.30 pm the previous evening‚ though its current whereabouts are unknown.There’s no footage of the cat falling into the vat‚ which was reportedly 3 meters (10 feet) deep and covered by a sheet that appeared to have been turned over.Hexavalent chromium is extremely dangerous if touched or inhaled. It can cause skin irritation and respiratory problems‚ as well as a whole host of other adverse health effects‚ including kidney and liver damage‚ lung cancer‚ and even death.We really hope the cat had all of its nine lives when it took the plunge. The city's Environmental Conservation Division has said that it may be dead‚ but advised that people steer clear of any “cat that seems abnormal” and contact the city or police if they come across one.In another‚ far less tragic‚ tale of an ill-fated animal’s run-in with a vat of yellowy liquid‚ a seagull fell into a tub of curry and turned orange back in 2016. Thankfully‚ “Gullfrezi” made it out unharmed‚ though the same probably can’t be said of Fukuyama’s feline friend.
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Science Explorer
Science Explorer
1 y

Olivia Munn Diagnosed With Luminal B Breast Cancer – What Is It?
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Olivia Munn Diagnosed With Luminal B Breast Cancer – What Is It?

Actress Olivia Munn has shared that she was diagnosed with luminal B breast cancer in April 2023 and has since undergone surgical removal of both of her breasts.“[Munn’s OBYGYN] looked at factors like my age‚ familial breast cancer history‚ and the fact that I had my first child after the age of 30. She discovered my lifetime risk was at 37 percent‚” Munn wrote in an Instagram post. “Because of that score‚ I was sent to get an MRI‚ which led to an ultrasound‚ which then led to a biopsy. The biopsy showed I had Luminal B cancer in both breasts.”What is luminal B breast cancer?In order to find the most effective way to treat cancer‚ it’s now common for doctors to analyze the DNA of cancer cells. This gives an idea as to the kind of characteristics the cancer has and thus‚ what to use to target it. Based on this analysis‚ breast cancers can be split into four main groups: basal-like or triple-negative‚ HER2 positive‚ luminal A‚ and luminal B.The type of breast cancer that Munn was diagnosed with‚ luminal B‚ is a particularly aggressive‚ fast-growing form. This is because it produces too many proteins that promote cell growth and proliferation.You might hear of this cancer as hormone receptor positive (for either or both estrogen and progesterone) and with high levels of Ki-67. Luminal B cancers can also be positive for HER2‚ a protein receptor involved in cell proliferation.How common is it?The Centers for Disease Control and Prevention (CDC) estimates that around 242‚000 cases of breast cancer are diagnosed in the United States each year. Of these‚ around 10 percent are classed as luminal B.Who’s at risk?Though there aren’t any factors that put a person at risk of developing luminal B breast cancer specifically‚ there are some factors that contribute to an increased risk of breast cancer in general. These include:Being female‚ though males can get breast cancer tooCarrying certain genetic mutations‚ such as in BRCA1 and BRCA2 genes – that’s why breast cancer can sometimes run in familiesAgeStarting periods before age 12 and starting menopause after age 55Having had breast cancer beforeWhat are the signs and symptoms?The signs and symptoms of luminal B breast cancer can be the same as breast cancer in general. Some of the symptoms may include:Changes in skin texture‚ e.g. puckering/dimplingSwelling in your armpit or around your collarboneLumps and thickeningNipple dischargeA sudden‚ unusual change in size or shapeNipple inversion and changes in directionA rash or crusting of the nipple or surrounding areaConstant‚ unusual pain in your breast or armpitCan it be treated?Treatment for luminal B breast cancer might depend on a number of factors‚ taking into account elements like the proteins that characterize this subtype‚ how far the cancer has spread‚ your age‚ and your health. Together‚ this is what’s known as personalized medicine‚ which is becoming an increasingly common approach in cancer prevention‚ diagnosis‚ and treatment.Luminal B breast cancer can often be treated with chemotherapy‚ but might also involve hormone therapy‚ treatments that target HER2‚ or surgery. In Munn’s case‚ she opted for a double mastectomy – surgical removal of both breasts. What’s the prognosis like?Though the survival rate of luminal B cancer can depend on whether it has spread or not‚ out of the four breast cancer subtypes‚ it has the second-highest five-year survival rate‚ sitting at 90.7 percent.All “explainer” articles are confirmed by fact checkers to be correct at time of publishing. Text‚ images‚ and links may be edited‚ removed‚ or added to at a later date to keep information current.  The content of this article is not intended to be a substitute for professional medical advice‚ diagnosis‚ or treatment. Always seek the advice of qualified health providers with questions you may have regarding medical conditions.
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Strange & Paranormal Files
Strange & Paranormal Files
1 y

100 days under water rejuvenated the scientist by 20 years
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anomalien.com

100 days under water rejuvenated the scientist by 20 years

Retired Navy diver Joseph Dituri’s experiment began on March 1‚ 2023: The man spent 100 days at a depth of about 9 meters underwater in the Atlantic Ocean. All this time he was in a high-pressure environment‚ which‚ in his opinion‚ was able to reverse his age at the cellular level. When the experiment was completed last June‚ Dituri said blood tests showed a 50% reduction in all markers of inflammation in the body‚ with 17 times more stem cells than before the experiment began‚ and telomeres‚ which are thought to be linked with prolongation lifespan. During the experiment‚ the diver’s age was 56 years old‚ while he looked 44 years old‚ and when he rose from the ocean floor‚ his biological age was an incredible 34 years old. Then the researcher stated that he really became younger while under water. At the ends of our chromosomes are telomeres‚ like the plastic tips on the ends of shoelaces. Every time human cells divide‚ telomeres become shorter. Once they disappear‚ the chromosome disintegrates and the cell dies. Some researchers believe that long-term maintenance of telomeres could eventually help cells live longer‚ which would overall slow down the aging process. This theory has not been experimentally proven in humans‚ however‚ in the hope of slowing down the aging process‚ some teams of genetic engineers are working on lengthening telomeres. After the experiment‚ Dituri claimed that his telomeres were still shorter than they were at the beginning of life‚ but longer than at the beginning of the experiment. In addition‚ the researcher reported improved cognitive abilities during his time underwater. It is assumed that the change in biological age is associated with life underwater in high pressure or “hyperbaric” environments. Note that modern hyperbaric chambers contain pure oxygen‚ but during underwater pressurization the mixture is closer to the composition of ordinary air. After the experiment‚ Dituri also stated that as a result of being underwater‚ the number of his stem cells increased 17 times. Stem cells can develop into any other type of cell in the body‚ which is why they are associated with regenerative medicine. Note that all of the above effects were observed in Dituri after 100 days of exposure to a hyperbaric environment. About 9 months have passed since the experiment was completed and the researcher says he is still experiencing some positive health effects. Dituri himself admits that he still treats hyperbaric therapy with some caution – research has not yet been completed‚ and therefore the work is worth continuing to study all possible applications of the therapy. The post 100 days under water rejuvenated the scientist by 20 years appeared first on Anomalien.com.
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Pet Life
Pet Life
1 y

Will Rubbing Alcohol Kill Ear Mites in Cats? Vet-Reviewed Explanation
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petkeen.com

Will Rubbing Alcohol Kill Ear Mites in Cats? Vet-Reviewed Explanation

Click to Skip Ahead What Are Ear Mites? Why It Should Not Be Used What Veterinarians Recommend Tips for Healthy Cat Ears Mites aren’t just a pesky and irritating problem for us—they’re also a real nuisance for our feline friends! Indeed‚ these tiny parasites love to lodge comfortably in a cat’s ears and can cause intense itching leading to possible infections if they are not removed. Still‚ that’s no reason to use just any homemade treatment to rid your cat of these undesirables. Take rubbing alcohol‚ for example. Although this household product can do wonders for disinfecting small external wounds in humans‚ it should never be applied to the skin of your four-legged friend. Read on to find out exactly why it’s not a good idea to use rubbing alcohol to fight ear mites in cats and what treatments vets recommend instead. What Are Ear Mites? So‚ what exactly are mites‚ and why do they like your cat’s ears so much? In short‚ ear mites (Otodectes cynotis) are tiny arachnids barely visible to the naked eye. With the naked eye‚ they can be seen as white specks moving around the external and inner ear. They are highly contagious and can be easily transmitted from one animal (including cats‚ dogs‚ rabbits‚ and ferrets) to another through close contact. These external parasites thrive in the warm‚ moist environment of the ear canal‚ as it’s an ideal breeding ground. Ear mites feed on the wax and oils in your cat’s ear‚ which can lead to a range of unpleasant side effects. Common signs of infestations include: Dark‚ “coffee ground” discharge in the ear Areas of hair loss due to scratching Excessive scratching and/or grooming Head shaking Foul odor due to the accumulation of mites’ debris Crusted rash around or in the ear Inflammation of the external ear canal Presence of pus in the ear canal Image Credit: NONGASIMO‚ Shutterstock Why Rubbing Alcohol Should Not Be Used to Kill Ear Mites in Cats Now that you know a bit more about these tiny pests‚ let’s talk about the problem of using rubbing alcohol to annihilate them. PetMD has rubbing alcohol (also known as isopropyl alcohol) on its list of potentially harmful cleaning products for pets. If this antiseptic product is used inappropriately (on open wounds‚ for example)‚ it can cause skin lesions and even delay wound healing. So‚ while isopropyl alcohol may kill certain types of mites and insects upon contact‚ using it in your cat’s ears isn’t a safe solution. Here are a few other reasons: Irritation. Alcohol can be harsh to the delicate skin of the ear canal‚ especially if it is inflamed or ulcerated. A cat with an infestation of ear mites will most likely have caused some trauma to its ear through scratching‚ so alcohol on an open wound will be extremely painful. Limited penetration. Ear mites often burrow deep into the ear canal‚ where it can be challenging for rubbing alcohol to reach them effectively. Not a permanent solution. Even if rubbing alcohol manages to kill a few mites on the surface‚ it may not eliminate the entire infestation‚ leaving the problem unresolved. Risk of injuring your cat. When attempting to clean your cat’s ears with rubbing alcohol‚ there’s a risk of injury if your cat resists‚ squirms‚ or jerks their head suddenly. You could inadvertently damage the sensitive ear canal or eardrum. Instead of relying on rubbing alcohol‚ it’s best to consult with your veterinarian for a more effective and safer treatment plan. What Veterinarians Recommend If you’re dealing with an ear mite infestation in your cat‚ a trip to the vet is in order. They will provide a comprehensive treatment plan once they have diagnosed that ear mites are the cause of the problem and ensured your cat’s ear drum is in-tact.   The treatment plan may include the following steps: Gentle ear cleaning. Your veterinarian will clean your cat’s ears (with an ear friendly‚ non-caustic ear cleaner) to remove the crumbly discharge and debris produced by ear mites. They will likely provide you with a cat-safe ear cleaner specifically designed for this purpose so you can continue the treatment at home if needed. Prescription medications. Your vet will prescribe a spot-on anti-parasitic medication that is effective at killing  Otodectes cyanosis and/or a topical medication or injection to kill ear mites and manage any secondary infections. These medications are much more effective and safer than using rubbing alcohol. Systemic anti-parasitics also stop the re-infestation of ear mites for a certain period of time (depending on the product used). In addition‚ your veterinarian may want to re-examine your cat 1-2 weeks later to ensure that the mites have been eradicated or determine if another treatment is required. Image Credit: Todorean-Gabriel‚ Shutterstock Tips for Keeping Your Cat’s Ears Healthy As the saying goes‚ prevention is better than cure! If you don’t want to face another ear mite infestation‚ you must take preventative measures to keep your cat’s ears clean and healthy: Keep up with regular parasite prevention treatments‚ these are usually monthly spot-ons or tablets. Include ear checks as part of your cat’s grooming routine. Look for any signs of ear mites‚ wax buildup‚ or unusual discharge. If you notice any changes‚ promptly book an appointment with your vet. Schedule routine vet check-ups to catch any ear mite infestations early. Regularly clean and disinfect your cat’s living space‚ including bedding‚ toys‚ and litter boxes‚ to minimize the risk of re-infestation. Important: When you bring a new cat into your home‚ it is important to quarantine them from any existing cats you may have. This initial isolation can help prevent the spread of ear mites and other contagious diseases. These parasites are highly contagious through close contact so keep your new cat separated until they have received their monthly anti-parasite treatment. Final Thoughts While the idea of using rubbing alcohol to kill mites on your beloved cat may seem tempting‚ it can actually irritate your poor pet’s ears‚ leading to more pain‚ more irritation and an increased risk of infection. It is not an effective solution. This is why it’s always better to consult your vet for anti-parasitic products or other safe medications that are appropriate for your cat. By following these guidelines and working closely with your veterinary professional‚ you can ensure that your kitty’s ears stay mite free! Sources https://todaysveterinarypractice.com/wp-content/uploads/sites/4/2021/06/TVP-2021-0708_EarMites.pdf https://vcahospitals.com/know-your-pet/ear-mites-otodectes-in-cats-and-dogs https://www.medicalnewstoday.com/articles/rubbing-alcohol-uses https://www.merckvetmanual.com/cat-owners/skin-disorders-of-cats/mite-infestation-mange‚-acariasis‚-scabies-of-cats https://www.bluecross.org.uk/advice/cat/health-and-injuries/ear-mites-in-cats#:~:text=Ear%20mites%20are%20tiny%20animals‚ear%20wax%20and%20skin%20oils.   Featured Image Credit: tong patong‚ Shutterstock The post Will Rubbing Alcohol Kill Ear Mites in Cats? Vet-Reviewed Explanation appeared first on Pet Keen.
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Let's Get Cooking
Let's Get Cooking
1 y

CHOCOLATE ECLAIR CAKE
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thesouthernladycooks.com

CHOCOLATE ECLAIR CAKE

This Chocolate Eclair Cake is super simple to make and everyone loves it! No bake‚ and it comes together very quickly; the longest part is letting it chill in the fridge. If you love no-bake desserts‚ you will definitely want to check out these Avalance Treats. So easy and great for any gathering. ❤️WHY WE...
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The Blaze Media Feed
The Blaze Media Feed
1 y

Joe Rogan turns right
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www.theblaze.com

Joe Rogan turns right

When did Joe Rogan become the new Rush Limbaugh?Politically‚ the Spotify podcaster is hard to read. He publicly refused to invite Donald Trump on to “The Joe Rogan Experience‚” and it’s anyone’s guess how he’ll vote come Election Day.It’s one thing to invite COVID-19 vaccine skeptics on his program‚ a la Dr. Robert Malone or presidential candidate Robert F. Kennedy Jr. It’s something else to see Rogan chatting up conservative culture warriors like Riley Gaines and Christopher Rufo.He doesn't fit the social conservative mold either. His mouth is too foul‚ and he happily shares his love of weed with his large flock.Yet‚ his Spotify showcase has become a crucial cog in the conservative culture wars. The UFC announcer’s fighting expertise may come in handy as a result. The press‚ which loathes him already‚ can’t be pleased by his transformation.Rogan has been helping the conservative cause for some time. Few entertainers shared their COVID-19 vaccine mandate worries as vocally as Rogan did. Nor have many promoted free speech like the ex-“Fear Factor” host does. Plus‚ he’s been skewering the press’ hard-left biases sans reservation.Lately‚ Rogan has pushed his right-leaning activism in fresh directions.It’s one thing to invite COVID-19 vaccine skeptics on his program‚ a la Dr. Robert Malone or presidential candidate Robert F. Kennedy Jr. It’s something else to see Rogan chatting up conservative culture warriors like Riley Gaines and Christopher Rufo.Both graced the “Experience” studio in recent days‚ spending two-plus hours with Rogan on issues near and dear to most conservatives’ hearts.Rogan and Gaines agreed on the biological advantages trans women have against their biological competitors in sports. Rogan looked stunned to hear Gaines’ story‚ from the pressure applied on her to promote trans swimmer Lia Thomas to protesters who threatened her life during a 2023 appearance at San Francisco State University.Rogan and Rufo bonded over DEI skepticism‚ noting the corrosive impact it has on Western society.Gaines' and Rufo's very appearances on “The Joe Rogan Experience” are a form of protest. What other entertainment show would roll out the red carpet for either guest?He also interviewed author Abigail Shrier‚ renowned for her critical take on so-called “gender affirmation” surgery‚ to promote her new book‚ “Bad Therapy: Why the Kids Aren’t Growing Up.”His February chat with TV personality Dr. Phil delved extensively into the porous U.S.-Mexico border. Both noted how the Biden administration’s policies are making the U.S. less safe.Plus‚ Rogan is quick to point out the commander in chief’s cognitive decline‚ once again separating him from most podcasters (and news outlets).That’s why it’s not surprising to see Rogan come under a fresh cancel-culture attack in recent weeks. Several media outlets framed his February 29 chat with black comedian Katt Williams as racist‚ contorting their conversation to do so.The two discussed government controls over vaping and menthol cigarettes. Williams noted the latter’s popularity in parts of the black community‚ prompting Rogan to inquire about the connection.Sites like the Daily Beast and Newsweek twisted the question into something sinister‚ hoping to revive a failed cancel-culture attack. The podcaster’s critics previously pored over 12 years of shows and found clips where he used the “N-word.” He apologized via his Instagram account.“It’s not my word to use. I am well aware of that now‚ but for years I used it in that manner ... I never used it to be racist because I’m not racist.”Critics weaponized the clip compilation to pressure Spotify into firing him. It didn’t work. The new attack similarly fizzled.Rogan has described himself as center-left in the past. In 2022‚ Rogan blasted the GOP for its stance on gay marriage and other social policies."I'm so far away from being a Republican. Just because I believe in the Second Amendment and just because I support the military and just 'cause I support police."That sharply contrasts with his current state of mind. He’s bashed sex-change surgery for minors‚ promoted self-sufficiency‚ and railed against the Democratic Party’s soft-on-crime policies.Rogan recently updated his lucrative Spotify contract with a curious wrinkle.His podcast is no longer heard exclusively on the platform. Now‚ audiences can also find him on YouTube‚ iTunes‚ or other podcasting venues. That greatly expands his reach‚ just in time for election season.Was that the point?His party affiliation doesn’t matter. His podcast does the talking for him‚ and conservatives must love what they’re hearing.
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The Blaze Media Feed
The Blaze Media Feed
1 y

How Baby Boomers became unlikely digital addicts
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How Baby Boomers became unlikely digital addicts

As much as Millennials‚ Zoomers‚ and Gen A — the first “iPad Kid” generation — are susceptible to screen addiction‚ it’s arguably even worse among Baby Boomers. It’s not worse in frequency‚ but it is in kind. Where a 25-year-old or even a 15-year-old might blithely ignore you‚ variously scrolling‚ texting‚ and toggling back and forth from TikTok or Snapchat‚ Baby Boomers are possessed by the screen — any screen. Maybe there’s an ancient demon of screen time in the Lesser Key of Solomon or something. But whether it’s their smartphones or television‚ put them in front of a screen and they’re gone. Mouths agape‚ eyes glazed over. Sometimes they’re even drooling. Who taught Boomers how to use an iPhone‚ John Carpenter or George A. Romero? How many believe that because something is published‚ it must be true and uncritically accept fearmongering or the trivialization of critical news stories? This isn’t just anecdotal evidence‚ though; unfortunately I’ve seen it happen in the flesh. A Pew Research Center analysis found that while Millennials lead in some technology adoption measures‚ Boomers are also heavy adopters. And once they can figure out how to use their devices‚ they’re as addicted as any of us. This is especially true of wealthier Baby Boomers. A report from the Luxury Institute found that “generational distances regarding social media use are not as wide as commonly thought.” The report revealed that 60% of affluent Baby Boomers are inclined to use social media‚ compared to 73% of Generation X and 85% of Millennials. Luxury Institute CEO Milton Pedraza noted‚ “The surprising part for me is that Boomers‚ Gen Xers‚ and Millennials are all consuming all of these media at some level. It’s not as if they’re getting left behind. These are all affluent people and tech-savvy.” The Washington Post also highlighted this trend‚ sharing anecdotes from Millennials and Gen Xers about their parents’ growing attachment to their smartphones and digital devices. “Whenever we’re together‚ she’s often on her phone‚ usually scrolling through social media‚” one 37-year-old woman shared about her mother. “It really only bothers me when my children are around because they’re often trying to get her attention‚ and she’s unaware they’re trying to get her attention because she’s on her phone.” Baby Boomers are becoming increasingly digitally literate. They know how to navigate the internet. But this does not necessarily translate into media literacy‚ which might create more problems than screen time alone. So while it may only be rich Boomers who are totally body-snatched by their phones‚ all Boomers are susceptible to the information war. Even more than the rest of us. Studies have explored how Baby Boomers handle misinformation. Age is a more predictive factor of this behavior than education‚ sex‚ race‚ income‚ or political affiliation. This trend persists even when controlling for variables like party affiliation: Republicans‚ Democrats‚ Independents‚ Green Party — they all do it. Cognitive factors related to aging also play a role. While some evidence suggests older adults can effectively distinguish between true and false headlines‚ the challenge arises when they encounter news on social media shared by people they trust. Trust increases with age‚ and older adults may place greater faith in the information shared by their social networks‚ regardless of its accuracy. The rise of AI and deepfakes will only complicate this trend‚ but we’ve also seen the damage an untrustworthy media ecosystem (and government) can do. How many Baby Boomers were impacted by the ever-evolving narratives surrounding COVID-19‚ propped up by the CDC‚ Anthony Fauci‚ and fraudulent journalists? How many believe that because something is published‚ it must be true and uncritically accept fearmongering or the trivialization of critical news stories? They may not be as likely to fall for trends like viral snacks or silly dances‚ but their minds are still ripe for capture.
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The Blaze Media Feed
The Blaze Media Feed
1 y

Consumer loss looms with the Credit Card Competition Act
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www.theblaze.com

Consumer loss looms with the Credit Card Competition Act

Many Democrats seem to hate credit card companies despite the myriad benefits they provide to consumers. This perspective seems to center on vague and misplaced assertions of greed and price gouging‚ treating almost every inconvenience associated with credit card use as prima facie evidence of malfeasance. The answer is‚ of course‚ more regulation. Or so they say. More than a decade ago‚ Senator Dick Durbin (D-Ill.) managed to include the eponymous Durbin amendment in the Dodd-Frank law‚ subjecting debit card transaction fees to price controls. Undeterred by this policy’s decade of degrading debit cards’ consumer value‚ however‚ Durbin last year reintroduced the Credit Card Competition Act‚ which would extend similarly conceived regulation to credit cards. Some politicians seem to be reflexively discomfited by the idea that major industries remain unregulated. For whatever reason — possibly because it allows them to target two large industries at once — those supporting the CCCA often single out credit cards issued by airlines. Durbin has summoned the CEOs of Visa‚ Mastercard‚ and two airlines to appear next month before the Senate Judiciary Committee. As a rule‚ consumers benefit greatly from credit-card-driven rewards programs. In fact‚ 30 million Americans and almost a quarter of American households hold an airline-issued credit card. These cards generated more than three-fifths of frequent flier points in 2022 and over time have generated 15 million domestic trips. Outside the airline industry‚ consumers enjoy tens of billions of dollars in points-driven rewards each year. The CCCA would largely end these rewards programs and push card issuers to raise other costs for consumers. The economics are simple. When the government regulates away part of a business’ profits‚ the business generally will attempt to recoup its loss by raising prices or nixing customer perks. Durbin’s bill seeks to weaken a falsely alleged “duopoly” of Visa and Mastercard among credit card payment networks. It would require large banks to provide two networks to process credit card transactions‚ of which one must be neither Visa nor Mastercard. This would supposedly “enhance credit card competition and choice in order to reduce excessive credit card fees” (according to a bill summary). Consumers would then enjoy lower prices‚ supporters posit. These doubtful propositions contradict both history and Econ 101. First‚ the 2%-3% credit card swipe fees the CCCA’s sponsors bemoan are not evidence of market dysfunction. Markets hardly ever give anybody everything they want because the laws of economics require people to make trade-offs. The bill’s mandate of dual payment networks would‚ moreover‚ weaken users’ cybersecurity‚ which depends on Visa's and Mastercard’s strong security standards. “Some merchants who enjoy the benefits that come with accepting credit cards as payment — namely‚ attracting customers who prefer this convenience — have decided they don’t like to pay the cost‚” the Mercatus Center’s Veronique de Rugy writes. “So as special interests often do‚ they’ve turned to Washington to intervene on their behalf.” The market’s failure to conform to Durbin's personal preferences implies not absent competition but consumer and competitive choice. Next‚ to understand the CCCA’s likely harm to consumers‚ consider the observed effects of the Durbin amendment. The damage has extended well past lost rewards points. The Durbin amendment managed to lower covered banks’ average interchange fees to $0.24 from $0.50‚ reducing revenues from such fees somewhere between $6.6 billion and $8 billion annually. Yet consumers didn’t benefit. Instead‚ it enriched large retailers‚ to whom it transferred an estimated “$1 billion to $3 billion annually from low-income households‚” according to an analysis from George Mason University. The Richmond Federal Reserve discovered that‚ in the amendment’s wake‚ only 1.2% of retailers lowered prices‚ while 21.6% raised prices and more than three-quarters did nothing. Moreover‚ to recoup lost profits post-Durbin‚ banks raised account (and other) fees significantly and offered fewer fee-free accounts. By 2013‚ only 38% of banks offered free current accounts‚ down from 76% in 2009. Many banks also raised the minimum account balance required to avoid fees. “A typical lower-income bank customer who previously qualified for a free current account but‚ after Durbin‚ no longer meets the minimum monthly balance requirement is likely paying around $12 in monthly fees‚ as well as an additional $1 or more in ATM fees‚” the George Mason authors write. “That’s an annual cost of around $160.” Some politicians seem to be reflexively discomfited by the idea that major industries remain unregulated. This leads them to go in search of fabricated monsters to destroy‚ to tilt at windmills‚ and to do battle against armies of sheep. As in the cases of Durbin amendment and the CCCA‚ such misgovernment forces the American people to pay unintended — though not unforeseen — regulatory costs.
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Gamers Realm
Gamers Realm
1 y

Classic Star Wars remaster finally drops‚ but everyone hates it
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Classic Star Wars remaster finally drops‚ but everyone hates it

Star Wars Battlefront is back - a prospect that many will no doubt find far too exciting. New and allegedly improved‚ Star Wars Battlefront Classic Collection thrusts you into the heart of 64-player action‚ where you can drive everything from classic starships like TIE Fighters and X-wings and vehicles like speeder bikes and AT-RTs. If nothing else‚ it's a nostalgic blast from the past that we all needed - except‚ it's not quite panning out how the developer has likely planned. Continue reading Classic Star Wars remaster finally drops‚ but everyone hates it MORE FROM PCGAMESN: Best FPS games‚ Best Star Wars games‚ Best multiplayer games
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Gamers Realm
Gamers Realm
1 y

Stardew Valley 1.6 update finally confirms much-discussed fan theory
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www.pcgamesn.com

Stardew Valley 1.6 update finally confirms much-discussed fan theory

The Stardew Valley 1.6 update has been highly anticipated to say the least‚ and on Tuesday March 19‚ players will be gifted the farming sim’s newest patch. Along with it‚ a bug fix that fans have been talking about for‚ well‚ a really long time. Continue reading Stardew Valley 1.6 update finally confirms much-discussed fan theory MORE FROM PCGAMESN: Stardew Valley multiplayer‚ Stardew Valley realism‚ The best Stardew Valley mods
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