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In the most recent Fed data, use of revolving credit, like credit cards, was down 11% from the month before. Non-revolving credit - including loans for cars, boats, mobile homes, education and vacations - was off by 5.3%. The amount of outstanding consumer credit is now about what is was in...

Author: /time Magazine | Title: Consumer Borrowing Is Down, But For How Long? | 6/6/2009 | See Source »

In the first public statement from Hummer's Chinese bidder, Yang Yi, CEO of Sichuan Tengzhong Heavy Industrial Machinery, said his company "will be investing in the Hummer brand and its research and development capabilities, which will allow Hummer to better meet demand for new products such as more fuel...

Author: /time Magazine | Title: Will China Build a Fuel-Efficient Hummer? | 6/4/2009 | See Source »

After reading one of the stories, the study participants were presented with equally priced choices between two cars, two household cleaners and two dishwashers; in each case, the participants could pick a more luxurious nongreen item (a high-end Sub-Zero dishwasher with a no-spot drying system, for instance...

Author: /time Magazine | Title: Competitive Altruism: Being Green in Public | 6/3/2009 | See Source »

“You’ve got the Secretary of Energy Steven Chu as your speaker tomorrow, sexy,” he said. “Unless he gives each and every one of you those nitrogen fuel cell cars, you are in for a long afternoon.?...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: Class Day Takes a Humorous Tone | 6/3/2009 | See Source »

Israel now allows only 30 to 40 commercial items to enter Gaza, compared to 4,000 approved products prior to June 2006. According to the Israeli journalist Amira Hass, Gazans still are denied many commodities (a policy in effect long before the December assault): building materials (including wood for windows...

Author: By Sara Roy | Title: The Peril of Forgetting Gaza | 6/3/2009 | See Source »

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