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Never has a generation of young people spent so much money yet understood so little about how to manage it. Over the past decade, the average credit-card debt of Americans ages 18 to 24 doubled, to nearly $3,000. Among high school seniors, 4 out of 5 have never taken a personal-finance class, but nearly half have an ATM debit card, and more than a quarter have bounced a check, according to a survey of 5,775 teens, released in April by the nonprofit JumpStart Coalition for Financial Literacy. If those trends continue, declaring bankruptcy could become...

Author: /time Magazine | Title: Money: The ABC's of Money | 5/15/2006 | See Source »

...certifies that it has grounds, it may also collect more information, such as the customer's name, address and billing information. Last year the FBI issued 9,254 such orders, known as National Security Letters, to obtain information about 3,501 people from banks and phone, Internet and credit-card companies...

Author: /time Magazine | Title: Inside Bush's Secret Spy Net | 5/14/2006 | See Source »

...developments could puncture Wagoner's tires: oil hitting $100 a barrel or a recession in which auto sales tumble. Moody's recently warned of further downgrades of GM's bond ratings, already below investment grade, after GM said it may have to renegotiate terms for $5.6 billion in credit. Should GM's unsecured debt fall below a CCC rating, the GMAC sale would be in jeopardy. "We have to get the GMAC deal closed," Wagoner says when asked what could derail a turnaround...

Author: /time Magazine | Title: Why GM May Not Be Dead | 5/14/2006 | See Source »

...fulfill will only need to take the first semester to do so, without having to file a petition first. “There have always been a very, very small number of students who have been allowed for whatever reason by the Social Analysis 10 staff to divide with credit,” Susan W. Lewis, the director of the Core program, said yesterday. “As of this year, anyone who wants just to take the first semester and then divide with credit doesn’t have to make a case of some sort...

Author: By Anton S. Troianovski, CRIMSON STAFF WRITER | Title: Divisible Ec 10 To Count for Credit | 5/12/2006 | See Source »

...thrilled” that the course would fulfill her Historical Studies A requirement, since she was previously told that student petitions to count departmental courses rarely succeed. “[This is] a major victory for students,” Chadbourne said, adding that students often find Core-credit restrictions arbitrary. The committee also approved six fresh Core offerings, from a Historical Studies on American capitalism to a Foreign Cultures on the Silk Road. The committee approved eight history courses as new alternates for Historical Studies A: History 10b; History 1484, “Europe Since World...

Author: By Lois E. Beckett, CRIMSON STAFF WRITER | Title: Departmental Cores Expanded | 5/10/2006 | See Source »

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