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...about those credit card offers. You may not feel it, but there are fewer of them going out - 1.1 million during the second quarter, down 17% from the same time last year, according to Synovate, a research firm that tracks direct mail. Who's being ignored? Well, subprime borrowers (no surprise there), but also anyone who doesn't make a lot of money: 52% of households with an annual income of less than $50,000 received at least one offer in the second quarter, compared with 66% of such households during the same period last year...

Author: /time Magazine | Title: The Credit Crunch: Where Is It Happening? | 9/30/2008 | See Source »

MySpace's vast following makes it a likely leader in the on-demand music-streaming market. "This makes MySpace cool again in some ways," notes Jupiter Research's David Card, who adds that it may even lure new members to the site. But the free-music model looks like it may end up costing MySpace and other providers more than they had originally bargained: In an agreement announced Sept. 23, the music industry said it planned to adopt a sliding fee scale for free-music-streaming sites; instead of the 9.1 cents per song that is currently paid to songwriters...

Author: /time Magazine | Title: MySpace Music: Not the Only Free-Music Game in Town | 9/29/2008 | See Source »

...popular restaurants in Harvard Square. Kordsomboon started out as a teenage chef in Thailand, cooking at restaurants across the country and quickly mastering the tastes and recipes of various regions. In 1979, an owner of a Thai restaurant in Dallas, also from Thailand, applied for a green card for Kordsomboon so that he could employ him. That year, Kordsomboon took his first step on American soil, and when the Dallas restaurant owner returned to Thailand, Kordsomboon relied on his connections to move to Boston to continue his career as a chef. “He specializes in everything...

Author: By Hee kwon Seo, CRIMSON STAFF WRITER | Title: New Hot Pot Spot To Spice Up Square | 9/28/2008 | See Source »

...hold doors open for strangers, a message emphasized over e-mail by Resident Dean Judith F. Chapman and House Master Lee Gehrke. Both strongly discouraged the act known as “piggybacking,” or letting an unfamiliar individual follow a student inside a building that requires card access. But the notice comes too late for Benowitz, who said she would have wanted to know of the DeWolfe robbery sooner. “I’m shocked that we didn’t hear about the first robbery,” she said. The victims...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Spate of Robberies Extends to Quincy | 9/28/2008 | See Source »

...generation since Ronald Reagan declared in his first Inaugural Address that society is like a family and has to live within its means. We took this as an invitation for our families to start borrowing like the Federal Government. So now we have the national debt, credit-card debt, student-loan debt, plus Social Security and other government promises that amount to more debt (although they aren't on the official books...

Author: /time Magazine | Title: The Ponzi Economy | 9/25/2008 | See Source »

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