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...general "flight to quality" this year brought on by the subprime mortgage crisis, fewer outlets are willing to buy the debt. "The securitization market for credit cards was operating for the first half of 2008 but is now shut down, making it harder to securitize credit-card debt," says Arthur Wilmarth, finance professor at George Washington University Law School. Banks, forced to keep more debt on their books, are less willing to lend to anyone who doesn't have a high FICA, or credit quality, score. The result is a vicious cycle of borrowers being hit with higher interest rates...

Author: /time Magazine | Title: With Defaults Rising, Is a Credit-Card Crisis Looming? | 11/14/2008 | See Source »

...description and is worthy of such distinguished company is a question best left to historians far more knowledgeable than I, but, if the Arizona senator had any chance of one day joining this senatorial “hall of fame”—since expanded to include Arthur Vandenberg and Robert Wagner—prior to this year’s presidential campaign, his defeat in last Tuesday’s election saved it. By losing to Barack Obama, and losing gracefully, McCain virtually erased any ill will he created through his poorly run and often tactless campaign...

Author: By Loren Amor | Title: A Contender by Any Name | 11/10/2008 | See Source »

Stebbins has served as the head curator of American art at the University since its inception in 2002. In the past eight years, Stebbins has acquired 96 new pieces for the museum, including notable works by Jacob Lawrence, Georgia O’Keefe, Joseph Stella, and Arthur Dove...

Author: By Emily J. Hogan, CONTRIBUTING WRITER | Title: Museum Launches American Collection | 11/9/2008 | See Source »

...Every generation of American life re-creates Uncle Sam in its own image." Harvard historian Arthur Schlesinger...

Author: /time Magazine | Title: Uncle Sam | 11/4/2008 | See Source »

...probably unfair to compare the subtleties of Chekhov with the high-strung dramatics of Arthur Miller, but at least Simon McBurney, director of the gripping new revival of All My Sons, seems energized by the play rather than enervated by it. McBurney, artistic director of the avant-garde Complicite theater company, has reimagined Miller's domestic drama as a stylized mixture of Brecht and Euripedes. The main characters open the play by announcing they're going to perform a play for us; supertitles introduce us to "Act I," "Act 2" and even the "Intermission." The set is spare and semi...

Author: /time Magazine | Title: Katie Holmes on Broadway | 10/31/2008 | See Source »

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