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Credit card for those with bad credit score

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The term “bad credit card card” refers to credit cards that can be obtained despite having a poor credit rating. People who have a negative credit rating can use bad credit card cards to enhance their credit score. In this regard, bad credit credit cards serve as a lifeline for such individuals. As a result, negative credit cards serve as an essential training ground for people who have previously struggled to control their spending urges.

Secured credit cards are another term for bad credit cards. A bad credit card (also known as a secured credit card) requires the user to open an account with the credit card provider and keep a certain amount of money in the account. Why is that necessary? Credit cards are a business for credit card companies, so how can they trust someone who has already defaulted on payments? After all, a firm is all about making money, and such risks put earnings at risk. In most cases, your bank or credit card company will pay interest on your account balance.

However, it’s important to double-check with the provider/bank of the bad credit card card. The cash balance in the account determines the credit limit on the bad credit card, which is usually between 50 and 100 percent of the cash balance. Due to the fact that they work more like debit cards than credit cards, these bad credit card cards are also known as debit cards.

There really are numerous credit cards available for people with bad credit. When looking for the best bad credit card for you, keep four things in mind: the minimum balance that you must maintain in your bank account, the credit limit that you will receive (i.e. the percentage of your bank account balance that you are allowed to spend on your bad credit card), the fees/other charges associated with bad credit card acquisition, and the rate of interest that you will receive on the balance.

An ultimate bad credit card had no fees or any charges attached to it and would demand a minimum bank balance of zero or a very tiny amount. It would also have a credit limit of 90-100 percent of its bank account balance. Furthermore, an excellent bad credit card would have a favorable interest rate on the outstanding debt.

Bad credit card cards are a great idea because they provide people with bad credit a break by allowing them to enjoy the benefits of credit cards while they work on improving their credit.

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World

Censors in China publish an open letter opposing Xi

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A day after the message went viral for criticising Beijing’s relentless COVID-19 policy, China has banned a public post on its all-encompassing platform WeChat. The “10 Questions” article revealed escalating discontent among the Chinese people with government policy.

The open letter, which was posted on the app on Tuesday, has gotten over 100,000 views. Additionally, according to Newsweek, many of the Author’s opinions appeared to be shared by other users and looked to be motivated by feelings of loneliness in contrast to the happy images at the FIFA World Cup being held in Qatar.

China is battling to eradicate communal transmission

Nearly three years into the epidemic, China is still the sole large economy battling to eradicate every incidence of community transmission of the coronavirus. In an apparent trade-off for social stability, President Xi Jinping’s “Dynamic zero COVID” public health plan is apparently severely straining the economy and the livelihoods of Chinese residents.

Wednesday saw 31,444 new illnesses registered nationwide by China’s National Health Commission, a number that is modest by worldwide standards but represents a record high for the Chinese government. Serious cases are still uncommon, and deaths are much less common—only one fatality was reported in the same 24-hour period.

In key Chinese cities, including the capital Beijing, new field hospitals and sizable centralised quarantine facilities are still being built, according to the Newsweek story. A quarter of China’s 1.4 billion people are currently residing under some sort of lockdown.

According to reports, a “normal person” questioned the amount of state resources allocated to documenting COVID instances as opposed to promoting the effectiveness of medicines in the viral WeChat post. The author also expressed worry over China’s refusal to permit Hong Kong to reopen in September in spite of objections from the senior population of the area.

Chinese unrest being fueled by the FIFA World Cup?

Although Chinese national team hasn’t participated in the competition in 20 years, and in this case, they also missed out on world cup qualification. It last achieved qualification in 2002 at the edition of the competition jointly hosted by Japan and South Korea. Furthermore, the tournament’s start on Sunday seemed to hit a chord with the disgruntled Chinese citizens as Weibo users juxtaposed images of Qatari soccer fans rejoicing with Chinese health workers donning hazmat suits. Russia’s senior envoy to Beijing stated this week that President Xi Jinping would travel there in 2023.

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By 2040, Bangladesh’s GDP is on course to reach one trillion dollars

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According to Boston Consulting Group, Bangladesh is on track to have a $1 trillion economy by 2040 because to consumer confidence, innovation in growing economic sectors, and a youthful, motivated workforce.

According to a BCG analysis issued on Friday, the South Asian country has beaten rivals including India, Indonesia, Vietnam, the Philippines, and Thailand with average annual growth of 6.4% between 2016 and 2021.

The domestic consumer market in Bangladesh is expected to grow to be the ninth-largest in the world.

The survey also said that between 2020 and 2025, a quickly growing middle class and wealthy class are expected to increase significantly, with a thriving gig economy supporting a workforce where the median age is just 28.

According to BCG, “the nation could have easily been eclipsed by its neighbour to the northeast, China, or its continental relative to the west, India, yet Bangladesh stands strong in this area of economic powerhouses.”

In 2015, Bangladesh moved up the income scale from poor to lower-middle income. Bangladesh’s GDP per capita is already larger than its neighbour, even though it is five years later than India. By 2031, the country hopes to reach upper middle income status.

Problems still exist. According to BCG, current liquidity concerns, foreign exchange volatility, and inflationary pressures might temporarily limit GDP. However, Bangladesh has made steps to set up its $416 billion economy for a prosperous few decades, provided it keeps its annual growth rate around 5%.

57% of respondents to a BCG study “continue to feel that the next generation would have better lifestyles than themselves, especially as the country moves to a skill-based economy,” according to the analysis of the survey results.

Although the economy is expected to see some near-term turbulence, the research stated that it is certain that this highly resilient economy will continue to exhibit solid growth over the long run.

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Prime Minister Shahbaz Sharif chooses Asim Munir in Pakistan

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Lieutenant General Asim Munir, a former head of the ISI, has been chosen by Prime Minister Shahbaz Sharif to lead Pakistan’s army. General Qamar Jawed Bajwa, the current commander, will step down on November 29 after obtaining a three-year extension. The Joint Chiefs of Staff Committee’s chairman has also been chosen, Lt. Gen. Sahir Shamshad Mirza (CJCSC).

The announcement was made on Twitter by Marriyum Aurangzeb, minister of information. “Using constitutional power, Pakistan’s Prime Minister, Muhammad Shehbaz Sharif, has decided to propose Lt. Gen. Sahir Shamshad Mirza as Chairman of the Joint Chiefs of Staff and Lt. Gen. Syed Asim Munir as Chief of the Army Staff,” said Aurangzeb on Twitter. The President of Pakistan has received an overview of this.

Minutes after the news broke, Defense Minister Khawaja Asif assured the media that the situation had been handled in line with the law and the Constitution. He emphasised that in order to prevent a “controversy,” president Arif Alvi should take the premier’s advice. He expressed the hope that President Arif Alvi will support the recommendations of the administration and refrain from making the selections “controversial.”

After getting a summary, President Arif Alvi would talk about the situation with former Prime Minister Imran Khan, according to Khawaja Asif. President Alvi is a founder member of Pakistan Tehreek-i-Insaf, Imran Khan’s political party (PTI). The present administration worries that he would not agree with the choice of the new army chief.

President Arif Alvi, according to Imran Khan, would contact him before appointing a new army commander. The president will “absolutely” discuss the position with him, he had earlier stated. “I and the president of Pakistan will act in accordance with the Constitution and laws when the moment comes,” he declared.

Asim Munir, who is he?

The Inter-Services Intelligence (ISI) was led by Lt Gen Asim Munir when tensions between India and Pakistan reached their zenith in February 2019. A gathering organised by Imran Khan has been scheduled for November 26 in Rawalpindi, two days before General Bajwa hands the reins over to the next Army head. When tensions between India and Pakistan reached their peak following the Pulwama terror attack in February 2019, which resulted in the deaths of 40 CRPF members, he served as the director of the Inter-Services Intelligence (ISI).

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