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February 6, 2008Video Contest Sponsored by Service Employees International Union and League of Young Voters Warns Against Danger of Growing Debt Among Young Americans |
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From Ascribe Newsfeed: One person can give it to another ... Even the nicest people have it and can't get rid of it ... The "it" featured in a video promoting a new contest for budding filmmakers is the growing problem of "Debt Disease" among young Americans. "Credit card debt can ruin your life, spreading and growing like a disease," said Stephen Lerner, SEIU Assistant to the President and Director of the Private Equity Project. The first-place winner of the "Keep It In Your Pants" contest - open to students 14 years of age and older enrolled in middle school, junior high, high school, college, or graduate school - will receive a $5,000 scholarship for school-related expenses. Some of the biggest banks in the country employ troubling practices that contribute to Americans - including students - going deeper and deeper into debt. - The biggest banks already control the majority of the credit cards issued in the United States, and Bank of America controls 1 in 5 credit cards and 1/5 of the credit card debt in the country. To draw parallels between "Debt Disease" and other social epidemics, the website points would-be contributors to examples of current and past videos, including venereal disease-related educational films from the 1940s-1970s. AScribe Newswire distributes news from nonprofit and public sector organizations.
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