Word: foundering
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Adam Levin, co-founder of consumer-information website Credit.com predicts credit-line cutbacks will accelerate as card companies try to shore up their finances before the new regulations take effect early next year. "Credit-card companies are on a reign of terror," he says. "The new rules aren't going to change that anytime soon." Adds McBride: "Consumers will have to brace themselves for higher fees, higher rates and lower lines going forward." And that applies to those with good credit scores as well...
...question, Amazon is the most forward-thinking company in the book business. If there's a Steve Jobs of books, it's Amazon's founder, Jeff Bezos. His vision is defining the way books will be bought and sold and written and read in the digital world - which is to say, the world. The question is whether there will be room in it for anyone besides Amazon...
...Sunnygram goes back to even more basics. "Our users are not technophiles, which is why they are interested in Sunnygram," says co-founder Matt Ahart, "so it seems inconvenient to burden them with having to set up and maintain fax equipment." Along with individualized newsletters, which are basically a compendium of all e-mails and photos sent to a person's account that week, Sunnygram subscribers get a self-addressed stamped envelope. They can hand-write replies and mail them to the company, which scans and e-mails the notes to the right people. Or they can call a toll...
...ground, and it is a major setback to the government to lose this competent Minister." The fall of Sharif's government would represent a double blow, both to prospects for peace in Somalia and to forging a bridge between the Islamic and Western worlds. Sharif was a founder of the Islamic Courts Union (ICU), a hard-line Islamic law-and-order collective that briefly ruled Mogadishu for six months in 2006. The ICU succeeded in ejecting the country's warlords from the capital and imposed a modicum of rough justice. But after another ICU leader, Sheikh Hassan Dahir Aweys, declared...
...lifted the excommunication of four bishops from an ultra-conservative movement in January, even his admirers worried that he was taking the proverbial lid off Pandora's box. The group known as the Society of St. Pius X had, after all, operated a separate ministry since 1988, when its founder, the late Archbishop Marcel Lefebvre, ordained his own bishops in open defiance of Pope John Paul II. Two decades of schism were bound to feed both unorthodox ideas and an autonomous chain of authority...