Word: cards
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...months, Citigroup has been dogged by concerns about the quality of the loans on its books. Citi was, after all, one of the nation's largest sub-prime lenders, not just to homebuyers but through its credit card division as well. This week, the fears have centered on the quality of its corporate loans, and to a lesser extent its credit card business...
...shot”—because of commercial interests and the “wickedly fast spread” of mass consumerism—he touted the internet as a powerful ally.“The fact that we live in a connected world is the only wild card we have,” he said. “It’s not impossible to manage a situation where we are able to muster enough people though the web to make a difference.”In McKibben’s view, an international agreement to cap carbon...
...City Gem. The luxury Fairmont hotel wants your business in Seattle. The Fairmont Olympic Hotel is now offering 40% off rack rates, so standard rooms are down to $199. There are also three different executive suite packages available, for $299 per night: "Shoppers Delight" includes a $100 Visa gift card; "Savor Seattle" comes with a three-course dinner for two at The Georgian restaurant in the hotel; "Celebration" gets you truffles and a bottle of Veuve Clicquot champagne in your room. If you buy all three, you get a fourth package of your choice for $99. Deals are available through...
Layaway programs--plans with roots in the Great Depression--are back at Sears, Kmart and TJ Maxx. Merchandise stays at the store as people pay it off little by little, interest-free. No credit card required. Tired of dry-cleaning bills? Ann Taylor Loft promotes the fact that most of its clothes are now washable. And if you suffer buyer's remorse, more than half of retailers say their holiday return policies will be more lenient than usual, up from 35% who said so last year, according to NRF's return-fraud survey...
...While Dongxiaokou's scrap yards have epitomized China's industrial boom over the past two decades, the global economic slowdown has left the scrappers struggling as prices for raw materials plummet. A group of men from Henan sit at a table playing a card game called "Fight the Landlord." They're the owners of a huge mound of plastic bottles they could process, but if they sold them now, they would lose money - scrap prices have fallen to levels not seen in years. "You want to know why our prices are dropping?" says Zhang Zhongming, 43, who moved...