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...Settlement is a renegotiation of debts that stops short of bankruptcy. Unsecured creditors such as credit-card issuers are willing to accept sharply reduced paybacks from especially troubled customers because they might not get a penny in bankruptcy court. The field has been replete with shady operators and high fees, but states are beginning to regulate it, and Croxson thinks it's headed for mainstream legitimacy (CareOne does not do debt settlement but sometimes steers clients in that direction). Big-time financial trouble is on its way to becoming a respectable middle-class phenomenon...

Author: /time Magazine | Title: Credit Problems Are Climbing the Income Scale | 3/9/2009 | See Source »

...fulfill one of his campaign promises to the state of California, has asked the EPA to consider revising Bush-era rulings so California can impose its own limits on greenhouse-gas emissions from motor vehicles. On Thursday, the EPA held public hearings on a possible revision, and it will accept written comments until April 6 with a decision, hopefully, soon to follow. But the EPA has already indicated its discomfort with the original decision made several years ago to deny California the right. Environmentalists, take heart. (See TIME's portraits of American autoworkers...

Author: /time Magazine | Title: California and Detroit Go to War over Gas Mileage | 3/8/2009 | See Source »

Early day motions rarely are submitted to debate, and in any case, Britain's monarch has already granted the award to Kennedy. The only remaining way to block the honorific, which Kennedy has accepted but not yet collected in the material form of a medal from the British ambassador to Washington, would be for Congress to intervene. Article I, Section 9 of the U.S. Constitution states that "no person holding any office of profit or trust... shall, without the consent of the Congress, accept of any present, emolument, office, or title, of any kind whatever, from any king, prince...

Author: /time Magazine | Title: Why Some Brits Don't Want a Sir Ted Kennedy | 3/7/2009 | See Source »

...Association prohibited salespeople from treating doctors to meals and golf excursions and even banned the ubiquitous company-branded pens, mugs and notepads that clutter waiting rooms and reception desks. Just this week, federal officials revealed a newly aggressive plan to begin pursuing civil and criminal charges against doctors who accept kickbacks or demand speaking or consulting fees for prescribing drugs or medical devices...

Author: /time Magazine | Title: Is Drug-Company Money Tainting Medical Education? | 3/6/2009 | See Source »

...tell you to enjoy such a pretty holiday.” Was peace nowhere to be found! “I wish I’da learned that real soon after Miss Pam and my boys went away.” He still couldn’t accept they’d been blown away? His ignorance flew all over me, and I was ready to bicker over why—precisely why—he thought they were still alive. Except I was assaulted with, “The day for peach cobbler has come!” Ezekiel...

Author: By Nathan D. Johnson, CONTRIBUTING WRITER | Title: Featured Fiction Part Two | 3/5/2009 | See Source »

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