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With banks reluctant to loosen purse strings and credit-card companies aggressively slashing credit lines, a growing number of consumers are turning to the once murky world of pawnshops for quick cash. "Loans are up 20% to 25%," estimates David Crume, president of the National Pawnbrokers Association.

Author: /time Magazine | Title: Pawnshops Flourish in Hard Times, Drawing Scrutiny | 1/14/2010 | See Source »

On Monday, New York Attorney General Andrew Cuomo asked eight large banks to turn over data on their expected 2009 bonus payouts. President Barack Obama is considering leveling a fee on financial firms to help the government recoup the costs of last year's bank and auto bailouts. FDIC officials...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

Dubai in Peril The crisis in Dubai is the crisis of unsustainable folly [Dec. 14]. It's amazing how eager banks have been to pour money into a country that sucks in vast amounts of energy and water to build a playground for the very rich. At its heart there...

Author: /time Magazine | Title: Whose War Is It Anyway? | 1/11/2010 | See Source »

Percy was a tireless advocate for African Americans' economic rights. In 1971 he bought WLIB-AM. It became the first black-owned radio station in the city. He had to go to 62 banks to get the money for it. His belief was that radio was the only way blacks...

Author: /time Magazine | Title: Percy Sutton | 1/11/2010 | See Source »

Iceland's defiance goes to the heart of the debate about what caused the country's stunning economic collapse - and who has to pay in the aftermath. Critics say Iceland has only itself to blame: the sparsely populated island had a mainly fish-based economy until the early 2000s, when...

Author: /time Magazine | Title: Isolated Iceland: Why Reykjavik Is Defying Europe | 1/11/2010 | See Source »

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