Word: cards
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None tougher than finding a second act. The New Zealand family of diaper-clad tot Cory Elliott - whose bobbing to Beyoncé's "Single Ladies" has garnered 4.3 million views since January - acted fast by grabbing the domain SingleBabies.com and lining up a greeting-card site as a sponsor. But Cory's dad Chester says he has hopes to branch out beyond Beyoncé. "I'm sure with the moves I've seen [Cory] pull, we'll get something pretty good," Elliott says. "He just always does them when I don't have a camera...
Banks, credit-card companies and other financial firms are doing everything they can to wean us off paper. Tracking our accounts online is better for the environment, they say, more convenient and safer too, since we won't have sensitive data sitting in our mailboxes. (The fact that firms save about $1 per statement tends not to make it into the pitch...
Companies are asking, cajoling, even paying people to ditch paper--and it's working. Two years ago, 13% of us got credit-card statements online only; today, 24% do. But as we stop holding that information in our hands once a month in favor of glancing at account balances on our computers or cell phones moments before we buy, could we be losing the big picture of where all the money goes...
...India, corruption is taken as an unfortunate fact of life even for otherwise law-abiding citizens. For example, ration cards are a lifeline for India's poor, giving them access to subsidized rice, lentils and kerosene. But to get them, you need a birth certificate or proof of residence -something many Indians lack. So, they often pay clerks to issue ration cards without a supporting document. A tea-shop worker in Mumbai told me he bought one for Rs. 5,000 ($111). Meanwhile, the ration card is a step toward a passport. In theory, passports are difficult to get; police...
Some Americans, and certainly the banks, don’t see a need for tighter regulation of credit and/or debit cards. If people can’t stop themselves from spending money at the mall, they should have to suffer the consequences, even if the shape those consequences might take is never entirely clear. That’s one theory. Another line of reasoning: Much of what governs people’s behavior when it comes to credit and debit cards are poorly designed rules, which allow things like overdraft services to systematically take advantage of people?...