Existing BoA customers, and complete outsides are both furious at the idea that those here illegally would be offered credit, which “real” citizens must work hard to maintain. The notion has also provoked concern in Washington, where representatives fear that undesirable people – those with terrorist ties, namely – will gain access to credit used in the economy of underground threats.
The card is not without strings attached. The accounts being offered to these customers come with higher interest rates, a $99 upfront fee, and a max limit of $500, which hardly seems like enough of a line on which to do any real damage.
- BoA Offers Credit to Illegal Immigrants, ExtraCreditCards.com, February 16, 2007.
3. Three years ago China surpassed the United States as Africa’s biggest trading partner. Bilateral trade grew from $10.6bn (£6.67bn) in 2000 to $160bn in 2011, according to Chinese state media and Chinese investment totals $13bn. China says it has also provided tens of millions of dollars in food aid. The new $200m headquarters of the Africa Union in Addis Ababa was a gift from China as a "symbol of deepening relations".
What does the Asian giant want in return? Minerals, gas and oil, say critics, who warn of a morally blind “resource colonialism”. But in a rare interview, Pan Hejun, the Chinese ambassador to Malawi, painted a different picture, making no secret of his country's geopolitical ambitions.
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