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...subprime borrowers, according to Experian Automotive, up from 34% in the third quarter. Still, borrowers have to pay more to get those loans. The interest rate on loans to finance purchases of used cars for buyers with credit scores of 550 or less climbed to nearly 18% at the end of last year. That's nearly 2 percentage points higher than those same customers were being charged a year...

Author: /time Magazine | Title: The Subprime-Lending Business Survives, Even Thrives | 3/11/2010 | See Source »

...World, one of the biggest, has seen its stock price rise to a recent $41 from $15 a year ago. World makes much of its money refinancing its existing customers into new loans with longer terms and lower monthly payments. But last year, it also increased lending. At the end of 2009, World had $839 million in outstanding loans, which average about $800 each. That was up from $736 million in loans a year before. (See "How Will the Credit Card Act Affect...

Author: /time Magazine | Title: The Subprime-Lending Business Survives, Even Thrives | 3/11/2010 | See Source »

...There will be consequences." And what might those be? For one thing, government spokesman Luc Chatel said Wednesday that French President Nicolas Sarkozy, who was also reportedly furious about the turn of events, will raise the issue with President Barack Obama during his visit to the U.S. at the end of March...

Author: /time Magazine | Title: Europeans Cry Foul Over a Defense Contract | 3/11/2010 | See Source »

...which means that this U.S.-E.U. catfight over protectionism is probably going to end as abruptly as the EADS-Boeing dogfight that sparked...

Author: /time Magazine | Title: Europeans Cry Foul Over a Defense Contract | 3/11/2010 | See Source »

Plenty of women are embarrassed by big rear ends. Is there anything you can do to hide that? The greatest piece to come out recently has been the tunic. It covers your middle section, and it covers your rear end. The only thing is that if you're petite, you really have to watch out that it's not too long and that it's not going all the way down to your mid-thigh. Otherwise, it kind of looks like a sack of potatoes. Another thing that I think is great for women to wear is a dress instead...

Author: /time Magazine | Title: How to Never Look Fat Again — Without Dieting | 3/11/2010 | See Source »

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