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...these difficult economic times, rich shoppers with cash to burn have been forced to ditch their Prada or Saks bags after long days of binge buying. But concealing conspicuous consumption is getting old. The solution, as always: the Internet. Where else can consumers buy outrageously priced crap without anyone knowing...
...development and growth of technology has had some unexpected and unpleasant side effects. One is the death of privacy. People with cell phones snap pictures and take videos of strangers. Webcams make online dating harder. Those seeking romance find it much more difficult to lie about their ages...
...keep tabs on what customers are doing with their money, which includes where they shop, what they spend, and whether they pay their bills for other credit cards, their car payments, and mortgages. The Senate recently passed a "Credit Card Holders Bill of Rights" that will make it more difficult for lenders to take personal financial information and decrease people's credit lines or raise their interest rates. The Bill of Rights will make most of the payment tracking software useless. The banks that bought it will have to write it off. They also have to face the prospect that...
...four to six weeks, is primarily a sigh of relief. To be more precise, it's about institutional investors repositioning themselves in these stocks. Last year there was a mass exodus from financial stocks, and not just the banks. There was just too much risk, and it was too difficult to navigate through the financial sector to find stocks that didn't have subprime risk or related issues. Even the asset managers got hit by withdrawals and redemptions...
...that the Obama Administration will be able to forge a compromise on the tricky matter of a national cap on greenhouse-gas emissions. "It's an enormous breakthrough for national legislation," says Vickie Patton, a senior attorney for the Environmental Defense Fund. "It ends years of polarization on extraordinarily difficult issues and leaves us with a sense of progress." (See the 50 worst cars of all time...