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...restaurants in New York City. A year later, nearly 20,000 Americans carried it in their wallet. American Express, which had specialized in traveler's checks, created its card in 1958; the same year, Bank of America mailed its first 60,000 BankAmericards (now Visas) to residents of Fresno, Calif.--a harbinger of the aggressive marketing tactics used today...

Author: /time Magazine | Title: A Brief History of: Credit Cards | 4/23/2009 | See Source »

...genocide.” Instead, we should find people who were there or were affected and speak with these living primary and secondary sources. It shouldn’t be too difficult to find someone—cities all over the world, from Boston to L.A., Montreal to Fresno, Moscow to Sao Paulo, and Paris to Beirut, host thriving Armenian communities made up of scattered survivors and their descendants, all of whom have a story to tell. And, when we do talk to them, instead of asking, “Was it a genocide?”, we should simply...

Author: By Matthew H. Ghazarian | Title: Genocide and Its (Dis)contents | 4/23/2009 | See Source »

...than it has been at any time in recent memory. The last period like this may have been early 2000 during the Internet stock craze. This time around, obscure banks analysts can turn the market against the sector. News that Steve Jobs was seen at a 7-Eleven in Fresno can drive Apple (AAPL...

Author: /time Magazine | Title: A Boring Earnings Season with Bogus Forecasts | 4/8/2009 | See Source »

...rate held steady from a year ago. That put them starkly at odds with the other 363 metropolitan areas tracked by the BLS, all of which were seeing unemployment rising, in some cases sharply. Unemployment in Boise, Idaho, for example, jumped from 3.0% to 7.1% during 2008. In Fresno, Calif., it went from...

Author: /time Magazine | Title: Cities Once Immune Now Suffering in Recession | 3/14/2009 | See Source »

Then came the cars. And the backyard barbecues. And the black-and-white TVs. Ozzy and Harriet, Lucy and Ricky, Leave it to Beaver. In September 1958, Bank of America tested its first 60,000 credit cards (later named Visa) in Fresno, Calif. Within a decade, Americans had signed up for more than 100 million credit cards. Today, the number tops 1 billion. African Americans were able to pull themselves into the middle-class bracket through the social gains of the civil rights movement, though a disproportionate number still live below the poverty line. (Read the 1974 TIME article "America...

Author: /time Magazine | Title: The Middle Class | 2/27/2009 | See Source »

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