John Oliver says sub-prime auto loans are eerily reminiscent of the housing crisis

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John Oliver says sub-prime auto loans are eerily reminiscent of the housing crisis

Auto lenders routinely trick lower-income Americans into paying far more for a car than it is actually worth, the "Last Week Tonight" host says.

Most Americans need a car, but not all can afford one. This is where auto loans come in, and in recent years, the market for risky sub-prime loans has skyrocketed. In November, the number of such loans reached a 10-year high, and they now make up a quarter of all car loans. 

There are a few reasons why sub-prime loans are bad news. For one, they carry an average interest rate of 19 percent. Lenders target consumers with bad credit, lots of debt and even those who have just declared for bankruptcy. One in three of these loans default, and the average default time is only seven months after the loan was taken out. Once a loan defaults, lenders can repossess the car, keep your down payment and may even charge you more if they deem the car’s value has decreased.

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Barack Obama, Joe Biden and the virality of friendship

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Barack Obama, Joe Biden and the virality of friendship

The most shared tweets from @POTUS, the @WhiteHouse, and @FLOTUS have one thing in common: an unabashed dedication to love, love, love.

By tweeting “best friends, forever,” Joe Biden invoked a code that’s familiar to all young Americans. He drew a line that cannot be ignored, between real friends and political frenemies, the haters and frauds who fold in the face of pressure and controversy. 

It’s spelled B-F-F

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Welcome to Instagram’s unfiltered disappearing act

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Welcome to Instagram’s unfiltered disappearing act

Blink and Instagram is Snapchat. Or Vine. Or Twitter. It doesn’t really matter, and it will change again.

@instagram’s CEO proudly admitted on Tuesday that the company copied Snapchat in its launch of Instagram Stories, which look almost exactly like Snapchat stories. Here’s why it’s just one part of a long history of social media companies copying each other. 

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Here's what many millennial voters think Clinton and Trump are the same on

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Here's what many millennial voters think Clinton and Trump are the same on

About four out of 10 millennials in battleground states think there is no difference between Clinton's and Trump's views on climate change.

A new poll found that many young voters believe there’s no difference between Donald Trump and Hillary Clinton on the issues they care about the most, like climate change and the environment. 

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John Oliver gets incensed while slamming Donald Trump's reponse to Khizr Khan

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John Oliver gets incensed while slamming Donald Trump's reponse to Khizr Khan

The "Last Week Tonight" host didn't hold back in his criticism of Donald Trump's response to the Muslim-American whose son was killed in Iraq.

“…we may be on the brink of electing such a damaged, sociopathic narcissist that the simple presidential duty of comforting the families of fallen soldiers may be beyond his capabilities.“ — John Oliver

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They say a cat has 9 lives, and in Larry the Cat’s case it’s probably more appropriate to say 9 terms

Even Britain’s top leadership couldn’t survive the fallout of the Brexit vote to leave the European Union. Enter Larry into the doors of 10 Downing Street. With his shiny coat and adorable gaze, Larry will remain. Literally. (Photos: @reuters

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The US Supreme Court struck down a 2013 law that restricted abortion access in Texas, finding it caused undue, unconstitutional burdens. Here’s an excerpt from the SCOTUS opinion: “…the record evidence indicates that the requirement places a ‘substantial obstacle’ in a woman’s path to abortion. The dramatic drop in the number of clinics means fewer doctors, longer waiting times, and increased crowding…”

(Photos: Reuters/Kevin Lamarque)

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“I guess you could call it a ‘failure,’ but I prefer the term “‘learning experience.’” - Andy Weir, The Martian

We’ve got a loooong way to go until we can start exploring Mars on foot, like the famous intrepid soul famously left on Mars in Andy Weir’s hit book (and later film) The Martian

NASA is busy making plans, anyway, to show us what a Mars lifestyle might actually look like. They recently released a series of gorgeous space exploration posters to inspire us to think ahead… and out. The posters are free to download, so make some space on your empty walls and lock screens now. They’re stunning and a hit bit too close to home. 

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