Word: crediteers
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...Best Inventions of 2008 No disrespect to the Quebecois, but the Bixi bike system has been in place in Paris for more than a year [Nov. 10]. I'm sure Parisians would be miffed to find that a city - Montreal - that appropriated its language is now getting credit for a bike system, known in Paris as Vélib', that has already met with much acclaim across Europe. Jonah Peppiatt, Boston...
...credit side of the ledger, that's about it. Piracy is nasty, brutish--and old. As long as richly laden ships have sailed within reach of dirt-poor land, piracy has been part of our heritage. That has long been true in the Mediterranean, the South China Sea, the Caribbean--and is true now in the waters off the Horn of Africa. This year alone, pirates based in Somalia, where any semblance of a functioning state broke down years ago, are thought to have attacked more than 90 ships. In a recent 48-hour period, they apprehended vessels from Greece...
...with the Iraqi forces to bring National Police and Iraqi army soldiers into Baghdad from all over the country. Displaying political dexterity, he persuaded a nervous Iraqi government to sign on to the Sons of Iraq program, which turned thousands of insurgents into neighborhood-watch groups. If Petraeus gets credit for ushering in the surge, it was Odierno who "made it work," says Lieut. General Nasier Abadi, deputy chief of staff of the Iraqi joint forces...
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...
...suddenly thrift-minded shopper. Black Friday--when the holiday shopping season traditionally begins, the day after Thanksgiving--falls on Nov. 28, far later than usual. Compared with last year, stores now have five fewer shopping days and one less weekend between Thanksgiving and Christmas. Looming layoffs and tightening credit have crushed consumer confidence, making shoppers more discerning than ever. Before buying a gift, 71% of shoppers ask themselves, Is this a smart use of my money? according to an October survey on how America shops, conducted by WSL Strategic Retail, a New York City consultancy. Deloitte's annual holiday survey...