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Americans are being forced to pay significantly higher swipe fees whenever they use their credit cards than any of their peers in the industrialized world, according to a report by the Merchants Payments Coalition...

Author: /time Magazine | Title: Retailers Ready for Fight on Credit-Card Fees | 9/17/2009 | See Source »

...report, released Thursday by a coalition of retailers, supermarkets, drugstores and other businesses, found that Americans currently pay about $2 in "interchange" fees for every $100 they spend using credit cards. The fee is actually paid by retailers, though consumers feel it in a higher retail price. This rate is twice that charged in the U.K. and New Zealand, four times the rate levied in Australia and more than six times the cross-border rate charged in the European Union, the study says. (Read a brief history of credit cards...

Author: /time Magazine | Title: Retailers Ready for Fight on Credit-Card Fees | 9/17/2009 | See Source »

...runs, but good solid angles.” Many of his colleagues at Harvard agree that though technology can be a valuable resource—helping to foster lively discussions both inside and outside of the classroom—it cannot replace the experience of attending an institution of higher learning. “If you could skip college and go straight to the internet, it wouldn’t be needed,” said Richard M. Losick, a professor of biology and head tutor in the Molecular and Cellular Biology department. “The Harvard experience would...

Author: By Diana Z. Li, CONTRIBUTING WRITER | Title: Technology Finds Its Place in Classes | 9/16/2009 | See Source »

...What new restrictions would be placed on the private health-insurance plans? Insurers would no longer be able to exclude applicants based on pre-existing conditions or charge higher premiums for those with pre-existing conditions. Insurers would have to offer coverage to anyone who applies for it and would be allowed to adjust premium rates only based on tobacco use, age, family size and geographic location...

Author: /time Magazine | Title: The Baucus Health Bill: A Primer on What's in It | 9/16/2009 | See Source »

...years after World War II that the Navy used a portion of the island as a firing range and weapons-testing ground it negligently exposed Vieques' population of 10,000 to dangerous levels of toxins. The community, according to several independent medical studies, has a cancer rate 30 times higher than that of Puerto Rico's main island to the west. The U.S. Justice Department has filed a motion to dismiss the suit, which collectively seeks health and property damages in the billions of dollars, claiming the Federal Government's sovereign immunity. A federal judge in San Juan, Puerto Rico...

Author: /time Magazine | Title: Toxic Chemicals at Vieques: Is U.S. Accountable? | 9/16/2009 | See Source »

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