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...banks that bought it will have to write it off. They also have to face the prospect that people who are poor credit risks can run up tremendous sums on their cards, expose the lender to greater risk, and not have to pay a tenth of a percent in extra interest because they are increasingly likely to default. Congress uses perverse mathematics that no one else has to make certain that banks will write down more money on credit card losses. This gives the government the opportunity to lend the banks more out of the TARP fund...

Author: /time Magazine | Title: Congress and Credit Cards Mean the Death of Privacy | 5/20/2009 | See Source »

...said. “Every day this week we had greater than 80 percent of the students in attendance.” In response to the cases, the school district has called parents to explain the situation, and on Friday the school sent letters home. Extra cleaning staff has been sent to the King Open School to provide additional sanitization, Martin said. Maloney said that the district was trying to contain the epidemic by emphasizing that students be vigilant in their hand-washing and that parents monitor their children for signs of illness. He added that it is difficult...

Author: By Sofia E. Groopman, CRIMSON STAFF WRITER | Title: Flu Scare Closes Local Schools | 5/20/2009 | See Source »

...under an ice shower or chill out to harmonious music and mood-enhancing lights in the quiet zone of the Lumenarium. Numerous pampering treatments include oil massages, algae wraps, salt exfoliations and goat-butter conditioning. The summer admission fee is just under $5 per hour, with treatments costing extra. On weekends you'll all but have the spa to yourself after 8 p.m., but whenever you arrive be sure to leave your modesty at the door: nude bathing is expected. Langgasse...

Author: /time Magazine | Title: Make a Splash in Frankfurt | 5/20/2009 | See Source »

...April 30, Defense Secretary Robert Gates told a Senate committee there were up to 100 Gitmo detainees who could be neither tried nor released, and he requested an extra $50 million for a new facility on U.S. soil. Greg Smith, executive director of Hardin's Two Rivers Authority, says the isolated town could be a "good fit." Its facility is beyond "shovel-ready," he says--it's a turnkey operation...

Author: /time Magazine | Title: The Montana Town That Wanted to Be Gitmo | 5/18/2009 | See Source »

...Hear Me Now? It's going to get even harder to get a Continental Airlines reservation agent on the phone, now that the airline will lay off 500 workers and close its Tampa call center as of July 19. The airline says the extra agents are not needed, since so many passengers now book travel on the Web. O.K., but those extra fees for booking through a live person didn't help...

Author: /time Magazine | Title: Anniversary Travel Deals, Even If It's Not Yours | 5/18/2009 | See Source »

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