Expensive Night Out – Read an article in the paper version of the Globe and Mail where a 16 year old Japanese adolescent went on quite the joy ride after spending $56,000 on his dad’s American Express credit card on a one night club binge. The teenager and a friend visited multiple hostess clubs, where he paid to sit and drink with women working there. At one of the venues, he spent a couple of thousand dollars on a single bottle of wine. The teenager’s dad pleaded with the local court to reduce the tab.
Hostess clubs in Japan can’t allow minors to enter in the first place (must be 18+), so the clubs were partly responsible. The judge ruled that credit card companies should also flag questionable activities like racking up a large bill in a relatively short amount of time so American Express was also partly responsible. In the end the dad’s bill was reduced down to 800,000 yen ($8,200.) I wonder just how rich this family is (>_<) And I’m surprised credit card limits can even go up that high 🙂
Job Boom – According to Statistics Canada, our economy had its best month for job creation in more than a decade last month in May, adding 95,000 new jobs thanks in large part to the construction industry 😀 It’s the equivalent to the U.S. adding over one million new jobs in a single month. Canada’s unemployment rate fell, but still remains stubbornly above 7%.
Blog roundup – Personal finance and other interesting articles from around the web
Pauline from Reach Financial Independence writes about the importance of customer service
Mashed Thoughts reviews a local Oyster Bar in Vancouver
Random Useless Fact: A zedonk is a crossbreed between a zebra and a donkey 😀