COMMENTARY: More Government Control To Tell People They Are Not Responsible For Their Financial Decisions
 Another Cup Of Coffee News
More Government Control To Tell People they Are Not Responsible For Their Financial Decisions
By Dannie McIntire
September 14, 2022
Another tranquil morning in southern Indiana, at least until I read a news item on bank overdraft fees, a cup of coffee in hand, it’s for me to calmly rant.
The House of Representatives “Committee on Financial Services†had advanced a potential bill to the full house that will prevent financial institutions from charging too many overdraft fees to their customers.
The “Overdraft Protection Actâ€, proudly written by Rep/ Carolyn, D-N.Y.; in response to overdraft fees becoming more prevalent with the rise of the number of people using debit cards.
I will quote a section of the proposed bill, “It is the purpose of this Act to protect consumers by limiting abusive overdraft coverage fees and practices, and by providing meaningful disclosures and consumer choice in connection with overdraft coverage fees”.
Now I admit I was not up to par on the issue of financial institutions and their rules and fees associated with overdraft protection until I did a little research on the subject.Â
I remember quite a few years ago when I switched banks being asked if I wanted overdraft protection on my checking account, which I declined. I saw no reason then, or now, why such a service would be necessary.
I guess I’m “old schoolâ€, I log online into my bank accounts at least daily, I know my balances, so for me, it’s puzzling why such a service would be needed. If I don’t have sufficient funds in my account, then why would I write a check or do a debit for an amount exceeding my balance, knowing that I’m going to get hit was an overdraft fee?
Apparently, for various reasons, many people make daily transactions with their checking or debit cards using money they don’t have and incur such overdraft fees.Â
In 2020, customers of financial institutions were charged $12.4 billion dollars in overdraft-related fees.
To me, one discerning thing about overdraft fees are that they tend to hurt those who can least afford it; those with lower incomes. They may find themselves in a financial situation where to pay a bill or to purchase a required necessity they utilize overdrafts, which basically become a short-term loan with a high-interest rate payback.
However, my other point of view is that banks are a business; they have to make a profit for their shareholders to remain in business. “Profit†is not a dirty word.Â
Banks are not the federal government, having free money to hand out and continue to operate on a deficient. Â
Research conducted by “The Consumer Financial Protection Bureauâ€, a U.S. government agency, found that people who pay more than ten overdraft fees per year end up paying almost three-quarters of all overdraft fees.
In simple terms, the above group basically utilizes overdraft protection offered by their bank as a source of short-term loans.
“Loan†is the key word. You take out a loan, and you pay it back according to the terms of the bank you agreed to when you signed up for their overdraft service.
I personally believe the proposed “Overdraft Protection Act†is a bad idea. As a bank customer, when you sign up for their overdraft service, you agree to their rules and fees. How many people do not bother to “read before you signâ€?Â
Much like the current issue of forgiving student debt, our government is fostering the mindset that you shouldn’t have to be responsible for your personal financial decisions; “because it’s not your faultâ€.Â
Just a thought, our secondary education systems should include required courses on financial planning and financial responsibility; I fear too many young adults are entering adulthood without the proper tools to help them make wise money decisions.
FOOTNOTE: Â This article was posted by the City-County Observer without bias or editing.
U.S. News Ranks USI 14th Top Public Schools In Midwest Region
U.S. News Ranks USI 14th Top Public Schools In Midwest Region
September 12, 2022
According to new data released by U.S. News and World Report on Monday, September 12, the University of Southern Indiana has been ranked 14th for Top Public Schools – Regional Universities Midwest. USI also ranked 21st for Best Value in Regional Universities in the Midwest.
U.S. News & World Report is the global authority in education rankings and serves as a guide for prospective students and their families. The rankings evaluate 1,500 colleges and universities on up to 17 measures of academic quality. To calculate the rankings, U.S. News focuses on academic quality and places emphasis on outcome measures, including graduation rates, retention rates, graduate indebtedness, and social mobility. Outcomes are the most highly weighted ranking factor, contributing 40% to each school’s overall score.
“As we venture into a new Division I era for USI athletically, I’ve been consistent in saying our academic programs were already of a Division I caliber,†said Dr. Ronald S. Rochon, USI President. “This ranking is confirmation of the hard work, grit, and determination of our faculty, our students and our staff, who have continued to ignite this University and elevate it to a place of stature among top public universities. We can all be proud of this accomplishment.â€
“Hangers” To Host 11th Annual Celebrity Scoop Night
“Hangers” To Host 11th Annual Celebrity Scoop Night
“Hangers” to Host 11th Annual Celebrity Scoop Night Thursday, September 22, 3:00 – 7:00 pm At Bosse Field (23 N Main St, Evansville, IN 47711)
“Hangers’ Scooping for Students” is back again as a food truck festival celebration on Thursday, September 22 from 3 – 7 pm at Bosse Field. Join us as multiple teams of Evansville “celebrities†volunteer to serve food and ice cream to benefit Hangers, the clothing resource for EVSC students.
Celebrities include on-air personalities, school principals, business leaders, EVSC alumni, and other community partners. Each team will compete to see who can receive the most tips in their jar. The event will also feature kids’ summer games and activities, including an exciting appearance visit from Feller’s Express dinosaurs.
All of the of tips raised during the event are donated to “Hangers”. Come join the fun for a great cause!
About Hangers
Hangers, a program of the EVSC Foundation, helps students in need of clothing and hygiene products. Located at the Academy for Innovative Studies (former North High School), Hangers serves more than 2,500 students each year. Funds raised during Scooping for Students go to purchase hygiene products, shoes, coats, uniform pants, and other clothing essentials for in-need students. Learn more about EVSC FoundationÂ
Lady Eagles Hit The Road For Final Non-Conference Slate
USI Volleyball Team Faces Rhode Island and Northern Illinois in NIU Tri-Match
EVANSVILLE, Ind. – University of Southern Indiana Volleyball (0-9, 0-0 OVC) travels to Dekalb, Illinois for the NIU Tri-Match that features the University of Rhode Island (3-6) and Northern Illinois University (5-3). The Screaming Eagles will face the Rams Friday at 11 a.m. before battling the Huskies Saturday at 11 a.m. for the final non-conference match of the 2022 campaign.
Game Coverage
Information about USI Volleyball, including live stats, video, and audio broadcasts, is available on USIScreamingEagles.com.
Tickets
Information about tickets for the NIU Tri-Match can be found by following this link.
Screaming Eagles Headlines:
Anderson Honored. University of Southern Indiana junior Leah Anderson was named to the 2022 Chattanooga Classic All-Tournament team last Saturday. Anderson provided 40 kills, 32 digs, six blocks, and one ace in 10 sets.
Struggles in Tennessee. The Screaming Eagles went 0-3 in the Chattanooga Classic last weekend, falling to Miami (OH), UT Chattanooga, and Duquesne. USI put up promising numbers, nabbing 121 kills, 99 assists, 162 digs, and 24 total blocks in three matches.
Chasing History. Anderson is in line to hit the 1,000-kill plateau after accumulating 984 career kills in four seasons with the Eagles. She is also just 38 kills away from surpassing Rebecca Tillman for 14th most kills in program history. If successful, she will become the 15th player in program history to reach the 1,000-kill mark. Anderson also is within striking distance of becoming the 13th player to reach the 1,000-dig plateau (885). If successful in both endeavors, Anderson would become the fifth player in program history to reach both milestones.
Keeping it 100. Anderson has hit triple-digits for the Eagles with 100 kills. She is the lone USI player with triple-digit kills and this is the fastest Anderson has reached 100 kills in a season in her collegiate career.
Season Leaders. While Anderson holds the top spot with 100 kills, junior Katherine Koch leads the charge with 234 assists. Freshman Keira Moore has captured 129 digs while sophomore Paris Downing has a career-high 24 blocks. Koch and sophomore Abby Bednar share the service ace title with seven apiece.
OVC Leaders. USI has five players noted in four different categories in the Ohio Valley Conference statistical standings. Downing is second in the conference with 1.5 blocks per set and sixth with 24 blocks. Sophomore Lauren O’Neill is in a tie for fifth with one block per set. Koch is fourth with 234 assists and 7.55 assists per set while Anderson is fourth in kills with 100 and fifth with 3.12 kills per set. Moore holds a solid 4.03 digs per set to put her at fifth in the league and a tie for fifth with 129 digs.
OVC Top 3. The Eagles’ defense sits in the top three in two different categories in the OVC. USI is third in blocks with five solos, 118 assists, and 64 total with two per set. The Eagles also sit in a tie for third in digs with 480 digs and 15 per set.
Bednar’s Ohio Success. Bednar was able to secure an All-Tournament team selection in the Kent State Invitational. The outside/right side hitter tallied 26 digs, 22 kills, five blocks, and three aces in 10 sets played.
USI By The Set. This season, the Eagles have accumulated three opening set wins compared to winning just two sets between frames two through five. USI has lost in the third set five times and lost in the fourth set three times while only falling in a fifth set once.
Double-Doubles. There have been three Eagles who have reached the double-double mark this season. Anderson and Koch have secured three while sophomore Abby Weber has tallied two.
NIU Tri-Match. USI heads to Dekalb, Illinois to take part in the NIU Tri-Match, featuring the University of Rhode Island and Northern Illinois University. This will be the Eagles’ third tournament in 2022 and feature the final non-conference match of the regular season.
Income, Poverty and Health Insurance Coverage in the United States: 2021
Income, Poverty and Health Insurance Coverage in the United States: 2021
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SEPT. 13, 2022 — The U.S. Census Bureau announced today that real median household income in 2021 was not statistically different than 2020. The official poverty rate of 11.6% was also not statistically different between 2020 and 2021. The Supplemental Poverty Measure (SPM) rate in 2021 was 7.8%, a decrease of 1.4 percentage points from 2020. Meanwhile, the percentage of people with health insurance coverage for all or part of 2021 was 91.7% (compared to 91.4% in 2020.) An estimated 8.3% of people, or 27.2 million, did not have health insurance at any point during 2021, according to findings from the 2022 Current Population Survey Annual Social and Economic Supplement (CPS ASEC). That’s compared with an estimated 8.6% of people, or 28.3 million, who did not have health insurance at any point during 2020.
Real median household income was $70,784 in 2021, not statistically different from the 2020 estimate of $71,186. Income estimates are expressed in real or 2021 dollars to reflect changes in the cost of living. Between 2020 and 2021, inflation rose 4.7%; this is the largest annual increase in the cost-of-living adjustment since 1990. You can find more in-depth analysis in our recent Random Samplings blog.
USI MAC/Pace Galleries Exhibitions Through October
USI MAC/Pace Galleries Exhibitions Through October
Two exhibitions—New Perspectives: Art & Design Faculty Exhibition and Mary Beth Edelson: Natural Pleasures—are simultaneously on display in the University of Southern Indiana’s McCutchan Art Center/Pace Galleries during the 2022 Fall Semester. The exhibitions will be on display from September 19 through October 21.
New Perspectives: USI Art & Design Faculty Exhibition features recent artworks by current faculty and staff who teach in the USI Art and Design department. Many new faculty have joined the department, and they all bring new viewpoints. Their work highlights the range of media and techniques championed by the department.
Participants in the show include Brett Anderson, Associate Professor of Art; Erika Anderson, Adjunct for the College of Liberal Arts; Chuck Armstrong, Assistant Professor of Graphic Design; Dr. Greg Blair Assistant Professor of Art; Caro Burks, Adjunct for the College of Liberal Arts; Sara Christensen Blair, Chair of the Art and Design department; Rob Dickes, Assistant Professor of Photography and Digital Imaging; Andrea Hoelscher, Adjunct for the College of Liberal Arts; David Huebner, Art Workshop Supervisor; Justin Kramer, Adjunct for the College of Liberal Arts; Epiphany Knedler, Adjunct for the College of Liberal Arts; Kirk Maynard, Assistant Professor of Art Education; Rob Millard-Mendez, Professor of Art; Sophia Okotah, Assistant Professor of Art and Design; Virginia Poston, Instructor in Art History; Nancy Raen-Mendez, Instructor in Art; and Katherine Watts, Adjunct for the College of Liberal Arts.
Concurrently, the MAC/Pace Galleries will feature Mary Beth Edelson: Natural Pleasures curated by Payton Broshears ’22, 2021-22 James A. Sanders Fellow.
“Mary Beth Edelson is considered one of the founders of the feminist art movement,†Broshears says. “Edelson challenged traditional art values, specifically the representation of women in art and the lack of recognition and opportunities for female artists. Through her activism, Edelson created a new dialogue surrounding gender which led the feminist art movement into the 21st century.”
The Natural Pleasures suite, a series of color relief prints, created during May 1985 and July 1986, is the result of a collaboration between Edelson, USI, the New Harmony Gallery of Contemporary Art, and the Patrick King Contemporary Art Gallery of Indianapolis. The 24 suites were bound in folios designed and constructed by Evansville artist Janice Greene. In addition to the prints, the artist’s process is illustrated through color studies, printing stencils, and artist proofs. The portfolio on display is from the University Art Collection.
A reception for the exhibitions will be held from 4:30-6 p.m. on October 28 in the Galleries located on the lower level of the Liberal Arts Center on campus. Visit USI.edu/galleries for more information.
These exhibitions will be displayed in the Galleries through October 21. The MAC/Pace Galleries, located on the lower level of the Liberal Arts Center are open 10 a.m. to 4 p.m. Monday through Friday. and 1-4 p.m. Sundays.









