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...credit-card regulations, widely known as the CARD Act, could tilt the priorities of borrowers even more toward credit cards. Lenders used to be able to cancel a customer's credit card if they defaulted on their mortgage. Now, under the act, lenders are not allowed to raise the rate or revoke a card unless the cardholder is late in paying that card...

Author: /time Magazine | Title: Strapped Consumers Paying Credit-Card Bills Before Mortgages | 3/2/2010 | See Source »

...Oscar ceremonies were traditionally funded by contributions from the major studios. But before the 25th Academy Awards, several of its primary financial supporters unexpectedly backed out.The Academy needed to secure another sponsor, or else to cancel the extravagance they’d planned. Just in time, RCA purchased the rights to broadcast the ceremony, and it was watched on NBC by the largest audience in the history of television at that time...

Author: By Molly O. Fitzpatrick, CRIMSON STAFF WRITER | Title: Widescreen to Flatscreen: Televising the Oscars | 3/2/2010 | See Source »

...Ministry of Justice in the sumptuous Darul Aman Palace. He's there to help the ministry frame a written legal code from tribal law, but as the summer wears on, the work dries up. The ex-minister remains in jail. Soviet advisers hustle through the hallways. Colleagues politely cancel meetings. My parents remain calm, hoping that the new regime might tackle the poverty, illiteracy and sexism they see blighting Afghanistan. "Perhaps," says my mother, "a good dose of socialism is just what this country needs...

Author: /time Magazine | Title: The Middle East: A Time to Remember | 2/22/2010 | See Source »

These charges are so contradictory as to cancel each other out. How, exactly, can reality TV mock its participants and celebrate them at the same time? In fact, the audience's relation to reality shows is more complicated. People don't watch Jersey Shore because they consider the Situation a role model. It's entertaining because the show is basically satire, a pumped-up spoof of bigger-is-better American culture. (Quoth Jwoww: "I see a bunch of, like, gorilla juice heads, tall, completely jacked, steroid, like multiple growth hormone - that's, like, the type I'm attracted to.") (Read...

Author: /time Magazine | Title: Reality TV at 10: How It's Changed Television — and Us | 2/22/2010 | See Source »

...details of the deal still have to be hammered out at ongoing peace talks in Doha, Qatar. But on state television, Bashir outlined the broad brushstrokes, announcing that in return for peace he would cancel death sentences hanging over 100 captured fighters from the rebel Justice and Equality Movement (JEM), and free a third of them. "Today ... we heal the war in Darfur," Bashir said. A JEM spokesman, speaking to al-Jazeera, said Bashir's government sought a cease-fire so as to ensure a peaceful vote in western Sudan. (See pictures of China's investments in Africa...

Author: /time Magazine | Title: Sudan Votes May Spark Progress, Peace for Darfur | 2/22/2010 | See Source »

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