Some credit card companies are less considerate to the public. What they care about is to earn more money, thus thousands of credit card users are paying a higher payment for credit card fee than the amount they owed which they are supposed to pay. One of the Obama’s idea would be related to the credit card interest rate, as he want to rebulid and improbve the exisiting regulation of credit card interest rates. However, new credit card proposals aim to crack down on irresponsible lending and offer consumers fairer, more transparent terms.

David Black of Defaqto, the data firm, said: “The new rules will offer a comfort blanket to consumers but if you have already had your rates increased, these measures will offer little protection. The best you can do is to switch to another card with a 0% introductory rate on balance transfers.”

In this proposal, credit card users not only have the right to pay off the most expensive debt first when there has been a balance transfer but also enjoy more time to reject increased rates, and better access to information.Currently, customers often find their payments applied to balances that are not incurring interest (such as 0pc balance transfers) while parts of their balance on which interest is charged are not being reduced. If the credit card issuer applied the payment to the interest-bearing balance first, the customer would pay less interest overall. Although the new rules would not be enshrined in law, the effect would be the same. This could become a binding code of conduct between card companies and the Government.

Undoubutly, We know China might be the world’s largest Internet market, due to its large number of population and nearly at least 400 million Web users as well as the relative vital, mobile phone business. These potential profit have attracted Google which enjoy the largest protion of the world’s internet market. However, the company’s problems about trying to bypass the censorship of China’s international security have arouse a certain number of arguments. Government reacted angrily to Google’s attempt to bypass government censors. As a matter of fact, by directing search users in China to its uncensored search engine based in Hong Kong, Google may have jeopardized it long-range plans.

 As the pressure from the public have cumulated, other business of Google also faces with barrier now. Some companies are planning to consider more about whether they should keep working with Google or not. For instance, China Mobile is one of the biggest cellular communications company in China as well as Google’s earliest partners in its foray into smartphones has decided to cancel a deal that had placed Google’s searching engine on its mobile Web home page. Similarly, China Unicom, was said by analysts and others to have delayed or scrapped the imminent introduction of a cell phone based on Google’s Android platform.

 When I get the information that Google have been considered and announced several times that they are broking the international security regulation cause they cannot well control the information limits, I know this is going to be a great conflict to Google. According to my experience, Chinese government is always focusing a lot on Information Censorship. The government could shut down the company’s Chinese search service entirely by blocking access to Google’s mainland address, google.cn, or to its Hong Kong Web site. Google might also face problems in keeping its advertising sales force, which is crucial to the success of its Chinese language service on PCs and mobile phones.

Relative Reference:

http://paidcontent.org/article/419-google-in-china-more-fallout/