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...system requires banks to clearly explain overdraft charges to their consumers, and it also requires permission to offer the service in the first place. Requiring permission will make the customer a more active participant in the process of acquiring and, yes, understanding the use of a debit card—an essential step in liberating huge numbers of Americans from the confusion that has all too often translated into customer abuse...

Author: By The Crimson Staff | Title: The Need for Card Reform | 11/18/2009 | See Source »

When asked by an audience member to explain the differences between himself and fellow Democratic Senate candidates, Khazei said that his background and comprehensive strategies distinguish him from his opponents...

Author: By Barbara B. Depena, CONTRIBUTING WRITER | Title: Khazei Says He Opposes Troop Increases | 11/17/2009 | See Source »

Nearly six years ago, then Detroit mayor Kwame Kilpatrick was one of the most sought-after figures at the Democratic National Convention in Boston. This afternoon, Kilpatrick is making his second appearance in a downtown Detroit courtroom to explain why he can't pay the nearly $1 million that he promised taxpayers to resolve a sordid case that effectively ended his political career...

Author: /time Magazine | Title: In Detroit, Kwame Kilpatrick's (Money) Troubles Continue | 11/17/2009 | See Source »

...auto retailer Roger Penske and Quicken Loans chairman Dan Gilbert - had given a total of nearly $240,000 in loans to Kilpatrick's family around the time he left prison. Precisely how the money was used is unclear. The executives swiftly issued statements nearly identical in tone to explain their actions. "We were concerned about the city's inability to move forward due to the situation and circumstances that had surrounded Mayor Kilpatrick and his administration," Gilbert's statement read. The statement of Karmanos, Kilpatrick's boss, read: "We wanted to help care for his family until he could...

Author: /time Magazine | Title: In Detroit, Kwame Kilpatrick's (Money) Troubles Continue | 11/17/2009 | See Source »

...explain the fact that longtime Ronald Reagan admirers are suddenly starting to sound like a union activist's picket sign? Has the Great Recession of 2008-09 effectively sapped all the energy from Europe's post-1989 wave of economic neoliberalism? "Quite clearly, the state is back," notes Iain Begg, a professor of European political economy at the London School of Economics. "In front of the failures of the Anglo-American model, we are seeing a revival of Keynesian approaches to react to the crisis...

Author: /time Magazine | Title: Europeans Sour on American-Style Capitalism | 11/17/2009 | See Source »

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