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...those loans. The interest rate on loans to finance purchases of used cars for buyers with credit scores of 550 or less climbed to nearly 18% at the end of last year. That's nearly 2 percentage points higher than those same customers were being charged a year ago...

Author: /time Magazine | Title: The Subprime-Lending Business Survives, Even Thrives | 3/11/2010 | See Source »

...raise interest rates, since borrowers have fewer options. Shares of many of the companies, including Cash America, Dollar Financial, First Cash Financial and World Acceptance, have risen sharply this year. World, one of the biggest, has seen its stock price rise to a recent $41 from $15 a year ago. World makes much of its money refinancing its existing customers into new loans with longer terms and lower monthly payments. But last year, it also increased lending. At the end of 2009, World had $839 million in outstanding loans, which average about $800 each. That was up from $736 million...

Author: /time Magazine | Title: The Subprime-Lending Business Survives, Even Thrives | 3/11/2010 | See Source »

...impoverished enclosure of Gaza—we believe that the Weatherhead Center would not have hesitated to classify them as racist and hateful. It has described Mr. Kramer’s proclamations as “controversial,” an alarming position since less than a century ago similar remarks were made against African Americans and Jews. The characterization of his statements as merely “controversial” is offensive and dismisses their deeply racist nature...

Author: By John F. Bowman, Maryam Monalisa Gharavi, and Abdelnasser A. Rashid | Title: On Kramer’s Statements | 3/11/2010 | See Source »

...Everyone was very courteous, and there was no open hostility, but at the same time, afterwards I did have people coming to me saying they didn’t believe a word of it because humans were created only a few thousand years ago...

Author: By SOFIE C. BROOKS, CRIMSON STAFF WRITER | Title: 15 Questions with Richard W. Wrangham | 3/11/2010 | See Source »

...sure. This book is half of a book that I drafted about five years ago, and I’m wondering if I will take up the half that did not get published and complete that. It’s a book about the evolution of violence and peace. So I had a book previously with Dale Peterson called “Demonic Males: Apes and the Origins of Human Violence” and I think that there are more stories to tell about the evolutionary biology behind our propensity for violence and non-violence...

Author: By SOFIE C. BROOKS, CRIMSON STAFF WRITER | Title: 15 Questions with Richard W. Wrangham | 3/11/2010 | See Source »

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