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...before you get all excited and stop paying your bills, let's talk about how the court reached its decision. In 1977, debt collectors who swore over the phone, pounded on doors, or impersonated cops to extract payments were "a widespread and serious national problem," according to Congress. So it passed the Fair Debt Collection Practices Act, which prohibited abuse by collection firms (not creditors) in seeking payment of personal (not commercial) debts. Congress stressed that it wasn't protecting deadbeats, at the time the approximately 4% of debtors who just refused to pay their bills, but the "vast majority...

Author: /time Magazine | Title: Sue Up or Shut Up! | 10/19/2006 | See Source »

...higher than they were in 2003, meaning that the metals alone (97.5 percent zinc, 2.5 percent copper) needed to manufacture one penny cost 0.8 cents and rising. Oh yes, there is also the minor trifle that huge demand for these metals encourages the environmentally destructive mining process needed to extract them. Add one more category of people whom the penny hurts: those who’ve ever stood in line. A study has shown that making change with pennies adds three seconds to every cash transaction. Penny elimination would save us all time and help us avoid that one customer...

Author: By Nathaniel S. Rakich, | Title: The Penny Pinch | 10/18/2006 | See Source »

...that number in a spy novel," says Kathy Kraninger, director of DHS's newly created Screening Coordination Office, which will manage the program. But in reality, she says, it will be exceedingly difficult for a potential identity thief to crack the government computer and match up the number to extract your information...

Author: /time Magazine | Title: EZPass for the Border | 10/17/2006 | See Source »

...This keeps alumni happy, and ideally generous, and gives the college a way to sell places to the children of (some of) the super wealthy without saying so. But most legacies don’t need a leg up, so there’s less leverage to extract cash. A far more efficient operation would forgo the donations of the small number of disappointed alumni whose children don’t get in on their own merits, and allow all those interested to bid for a small number of spots in the class, subject to a few minimal academic criteria...

Author: By Cormac A. Early, | Title: Harvard, to the Highest Bidder | 10/4/2006 | See Source »

...Instead of balancing the needs of the economy and businesses against the imperative to preserve America’s wilderness for future generations, the Bush administration has given priority and far too much influence over policy to corporate interests. The administration has recklessly relaxed environmental restrictions, enabling companies to extract wood, oil, and minerals from our nation’s public lands at too great a cost. Although these companies will undoubtedly show great concern for their bottom line, it is unlikely that they will take much interest in the long-term future of our undeveloped land.Pinchot...

Author: By Brian J. Rosenberg, | Title: Striking a Greener Balance | 9/22/2006 | See Source »

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