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...time and for any reason is tied to deregulation, which began in banking in the 1970s and effectively eliminated caps both on interest and fees. Thanks to mergers and consolidation, the top six card issuers?Bank of America, JPMorgan Chase, Citigroup, American Express, Capital One and Discover?now float about 75% of all outstanding credit-card debt, according to The Nilson Report. Consolidation allows competitors to be less competitive: from 1995 to 2005 the average late fee soared 162% from $12.83 to $33.64, according to CardTrak.com. Fees now account for 39% of issuers' revenue, up from 28% in 2000 (interest...

Author: /time Magazine | Title: Exposing the Credit-Card Fine Print | 2/21/2008 | See Source »

...complicated stage effects to simulate the undersea life, she simply equips her fishy characters with wheelies, which enable them, when they rock back on their heels, to glide across the stage with an ease that nicely approximates aquatic movement. And for the couple of times when characters actually do float - swimming up to the surface or sinking to the ocean floor - the effort is largely hidden, the effect breathtaking...

Author: /time Magazine | Title: The Little Mermaid: In Defense of Disney | 1/16/2008 | See Source »

...blast. He's got that big forehand and that big serve, but for some reason... What I think he should do is serve and volley. Just come in and learn to hit some low volleys and put some pressure on an opponent, because all his opponents do is float that first ball back, and he hasn't taken advantage of that huge first serve that...

Author: /time Magazine | Title: Legend Rod Laver on Tennis Today | 1/13/2008 | See Source »

...WCHA) at the Ohio Hockey Classic last weekend. ST. CLOUD STATE 4, HARVARD 1In Sunday's consolation game, Harvard ((6-6-2, 5-3-1 ECAC) certainly wasn't sitting on cloud nine. Hindered by numerous penalties, the Crimson watched St. Cloud State float by with a victory after converting on two power plays and slamming in two insurance goals to seal a 4-1 win. Although the Huskies, who boast a top-10 power play, took seven of their 10 first-period shots with a man advantage, both sides remained scoreless through the first period.St. Cloud State finally found...

Author: By Courtney D. Skinner, CRIMSON STAFF WRITER | Title: Vacation Trip to Ohio No Holiday for Men's Hockey | 1/5/2008 | See Source »

Should the Chinese currency--now pegged to the U.S. dollar--appreciate against the dollar? China is under growing pressure from the U.S. to adjust the rate or let it float. The argument, made vociferously by the White House, is that the current exchange rate artificially cheapens China's exports, to the detriment of American jobs and the U.S. trade deficit. The trade gap with China is more than $100 billion. Naim called the current rate of $1 to 8.3 yuan "the world's most dangerous number." At issue, he said, is whether it will change in an orderly manner...

Author: /time Magazine | Title: Board of Economists: Growing, At Last | 11/14/2007 | See Source »

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