Word: crediteers
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Still, Greeks are bracing for the coming pain. With the economy already in recession, firms are trying to figure out how to survive until the crunch is over. Projects have been put on hold and credit is tight. Many are likely to lose their jobs, while budget cuts and tax hikes will further dampen the economy. "Everything is frozen," says financier Paul Papadopoulos. "It's a wait-and-see scenario." (See pictures of retailers which have gone out of business...
...August the social-networking giant started rolling out the ability to send real-life gifts by going to the same digital wall on which a member would jot a note to a friend. (First-time users have to input credit- or debit-card info to obtain Facebook credits. Think of them as Chuck E. Cheese tokens for a digital generation.) Once the purchase is complete, the recipient gets a notification on her wall to show off to all her friends, and if she provides her address to the third-party vendor, the gift shows up on her doorstep...
...example that may hit closer to home, think about how you would go about paying off a series of credit cards. Mathematically, it makes the most sense to start with the bill with the highest interest rate. Yet the Heaths argue that beginning with the one with the smallest rate is the better approach. Why? You're more likely to successfully pay it off, feel good about yourself and keep going with plan...
...gotten the message that it could no longer count on U.S. support to head off sanctions and other international pressure in the name of anticommunist solidarity. Financial sanctions were beginning to bite and the price of maintaining the status quo was beginning to appear prohibitive. De Klerk, to his credit, realized that his people had more to gain from negotiating from a position of relative strength. And the political unrest in the black townships, combined with the expanding sanctions and growing isolation, helped him make the case to his own electorate...
...Lewis's Narnia novels became so expensive that Disney ditched the idea of making a third. (It has been picked up elsewhere.) Hard to say whether Percy Jackson, the son of Poseidon, will flourish on screen, but it has a hopeful start, for which director Chris Columbus deserves some credit. On his own, Columbus is no hit machine: his last two features, Rent and I Love You, Beth Cooper, earned only $29 million and $15 million, respectively. But as the launch deliverer for kids'-movie series, the guy is peerless. He directed the first two Home Alone comedies...