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...That goal is easily seen in the legislation's key feature: limitations on how card companies treat customers' existing balances. When you sign up for a credit card, you agree to pay a certain interest rate on the balance you carry - you enter into a legal agreement to that end - but historically, your card company has been able to change that rate for all sorts of reasons. Maybe you charge a greater chunk of your credit limit than normal. Maybe you're late on a payment to some other company. In recent years, the difference between the interest rate folks...

Author: /time Magazine | Title: Congress's Credit-Card Bill: Playing Fair, Not Foul | 5/15/2009 | See Source »

...plans were parked. On Friday, Team Ferrari filed an injunction in a French court to block the cap. Rivals Renault, Toyota, Red Bull and Torro Rosso all issued similar warnings. "If the regulations for 2010 will not change," read a Ferrari statement, "then Ferrari does not intend to enter cars in the next Formula One world championship." (See the 50 worst cars of all time...

Author: /time Magazine | Title: Can Formula One Run Without Ferrari? | 5/15/2009 | See Source »

Despite being one of the cheapest formals on campus ($15 for a couple, $10 per person), HoCo didn't seem to skimp on anything. There was a fortune teller (yeah...), delicious snacks, and everything was meticulously decorated. After walking over a "magic carpet" to enter, you could go to the "harem"-themed library. Or, just head straight for the relatively empty dining hall to swing dance or the packed upper common room to grind on your date. And everyone else standing near...

Author: By Aditi Balakrishna, Asli A. Bashir, Charles J. Wells, and June Q. Wu | Title: BALLin! FlyBy's Formal Reviews Pt. I | 5/11/2009 | See Source »

...that Harvard, even though it hasn’t always been easy, offers so many chances to take those risks and have some adventures.Let’s look at a brief case study. Last weekend it was sunny—a grand day for a soccer game. Enter the cast of characters: Walter “Waltburger” Howell, Matt Sundquist aka Butt Buttquist aka BBQ, Clem “Nickname” Wright, and Yours Truly. We were just runnin’ around soccering, or as the Europeans say, “footballing” when Walter...

Author: By H. max Huber, CRIMSON STAFF WRITER | Title: Taking It to the House: A Fond Farewell | 5/7/2009 | See Source »

...which treatments are cheaper and more effective. The other part of the answer involves an essential change in Medicare, from fee-for-service to a managed-care system that decides whether a hip replacement is necessary for a terminal cancer patient. Since most of the baby boomers about to enter the Medicare system have been living with managed care for the past 20 years, a gradual transition may not be impossible...

Author: /time Magazine | Title: The Fire This Time: Is This Health Care's Moment? | 5/7/2009 | See Source »

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