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...Washington Congress Takes a Swipe at Credit-Card Issuers The U.S. House and Senate have approved a major reform of the credit-card industry, limiting unpopular practices like abruptly hiking interest rates, issuing confusing agreements and peddling cards to minors. The banking industry warned that the bill, which would take effect in early 2010, could lead to more rejected credit applications and the return of annual fees...

Author: /time Magazine | Title: The World | 6/1/2009 | See Source »

...inconclusive talks, the University escalated its bid to acquire the Bennett Street Yards. But few then could have imagined what the yards would ultimately become.GRABBING FOR LANDFor decades, land in Cambridge had been in high demand, so much so that even as Harvard and the MTA negotiated, a bill came before the Massachussetts state legislature proposing the construction of a 40-acre platform over the Charles River Basin near MIT, which would provide space for “apartments, research firms, or other industrial buildings”—and would expand the tax base for the City.The land?...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Harvard Begins Battle for MTA Site | 6/1/2009 | See Source »

...have been a lot,” Ashley said. “The students were apolitical.”As the debate over loyalty oaths reached a fever pitch during the early fall of ’59, administrators reluctantly participated in the program with the hope that a bill championed by then-Senator John F. Kennedy ’40 would remove the loyalty affidavit from the act, making acceptance of federal funds more palatable to the University.But when that bill stalled on the Senate floor and was sent back to committee, University officials and faculty hardened in their...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Students Apathetic About Loyalty Oaths | 6/1/2009 | See Source »

...public plan to compete with the private plans in each state, perhaps the most contentious issue in the negotiations right now. Nevertheless, it's clear from his campaign statements that Franken will be a reliable Democratic vote on health-care reform. "There's no question that a health-care bill with a public-option component might end up being one of the razor-thin votes of the year, where Franken's vote could make a difference," says Larry J. Sabato, a political science professor at the University of Virginia. (Watch TIME's video "Uninsured Again...

Author: /time Magazine | Title: How Will Al Franken Make a Difference in the Senate? | 6/1/2009 | See Source »

...representing Minnesota: his website lists much longer and more detailed positions on agriculture. In the House, the rural caucus - big supporters of ethanol - was among the measure's biggest hurdles, and Franken is a big ethanol devotee. Though he has not made his position known on the climate-change bill, he is perceived as being a likely vote in favor. "Franken would help provide strong support for the President's climate-change initiative," says Don Kettl, dean of the University of Maryland School of Public Policy. (See TIME's special report on the environment...

Author: /time Magazine | Title: How Will Al Franken Make a Difference in the Senate? | 6/1/2009 | See Source »

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