This webpage looks terrible because you insist on using an old, unsecure, slow web browser. Do yourself a favor and download Firefox and enjoy a safer faster web experience.

2010 Maricopa Elections Summary

April 21st, 2010

I’ve tracked down as many links as possible for the May 2010 Maricopa, AZ election.

Maricopa Publicity Pamphlet

Campaign Finance Reports - This is who supported who. It is very insightful to see which Pinal County Supervisors supported.

City Council Member Campaign Links:

  1. Peg Chapados – http://pegforcouncil.com/
  2. Edward Farrell (incumbent) – http://retainfarrell.com/
  3. Julia Romero Gusse – (no known campaign site, google search)
  4. Ken Hunt – (no known campaign site, google search)
  5. Bridger Kimball – http://www.electbridger.com/
  6. Alan Marchione -(no known campaign site, google search)
  7. Brent Murphee (incumbent) – http://www.brentmurphree.com/
  8. Dallas Paulsen – (no known campaign site, google search)
  9. Leon Potter – (no known campaign site, google search)
  10. Rosalin Sanhadja – (no known campaign site, google search)

For Mayor

  1. Tony Smith – http://www.smithmaricopa.com/

Analysis to Come.

The Payday Loan Industry

April 8th, 2010

The payday loan industry serves a specific market. People with bad credit need a place to borrow money to cover emergencies. In order to provide this service, high interest rates are needed to cover the defaults (remember, these are people with bad credit). Remember, high interest rates do two things. The first is deter people from borrowing unless their emergency justifies the cost. Second, high interest rates get other entrepreneurs into the market, increasing competition, driving down rates. If we prevent this market from existing, we will only be hurting the poor.

Some may say, but people are abusing the system. So! Let them. And when they default on the loans, let the pay day loan industry either absorb the cost of the defaults, or better discriminate between good loans and bad. You will see a diversification of the market. Some will have higher standards for borrowers with lower rates. Others will have higher rates for borrowers with worse credit.

The law’s intent is to protect the poor from high interest rates. Instead it will prevent the poor from making decisions that impact their families, like replacing the air conditioner in July.

To send a message to AZ legislators, see this AZcentral blog post:
http://www.azcentral.com/members/Blog/EJMontini/77666