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...thought, Why not host people in our own apartment?" Gebbia said. "It was a way to make a few extra bucks to offset our already expensive rent." The guys had an extra bed, a sofa and an air mattress and decided to offer, via the conference's website, ad hoc bed-and-breakfast accommodations. Thus was born AirBnB.com They made $1,000 that week and were shocked to find that their customers weren't teenage slackers but were instead older folks, including a 45-year-old father of three. Said Gebbia: "It completely blew away our assumptions...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

...They say one of the simplest ways to lose weight is to keep track of what you eat in a journal. Seeing it there on the page underscores your piggishness. I decided to do the same thing with money, even though I've been tweaking my spending ad hoc for months. Helpful hint No. 1: When you try to save money by going to the supermarket instead of eating out, you probably shouldn't shop at a store called Gourmet Garage. (See the best business deals...

Author: /time Magazine | Title: How Much Less Can You Spend? | 3/29/2009 | See Source »

Geithner, his predecessor Hank Paulson, FDIC chief Sheila Bair and Fed Chairman Ben Bernanke have so far used ad hoc powers to erect two of those crucial four pillars. Last fall they introduced Fed-sponsored insurance for money-market deposits, the equivalent of the FDIC insurance that exists for regular bank accounts. At the same time, they opened Fed lending to financial-services companies, making the Fed the lender of last resort for those firms, just as it is for traditional banks. In the past two days, Geithner unveiled the final two safeguards that he, Bernanke and Bair believe will...

Author: /time Magazine | Title: Geithner Makes His Pitch for More Regulation | 3/26/2009 | See Source »

There are also questions over how all-encompassing the ICC's role really is. It was set up in 2002 after just 66 countries out of 195 ratified its founding statute - and Russia, China and the U.S. have still not done so. Its ad hoc predecessors may have prosecuted leaders from around the globe, but so far the ICC has only indicted Africans: in the Central African Republic, the Democratic Republic of Congo, Sudan and Uganda. "That," says African Union chairman, Jean Ping, "is a problem...

Author: /time Magazine | Title: The Moment: Sudan | 3/5/2009 | See Source »

...Undergraduate Council unanimously passed a bill on Sunday creating an ad-hoc student relations committee that will aim to improve communication between the UC and the student body. The committee is charged with maintaining the UC’s Web site, sending out a weekly e-mail newsletter, and holding public town hall meetings, along with other outreach efforts According to Eric N. Hysen ’11, the UC parliamentarian, no undergraduates who are not members of the Council or the media are in the habit of attending UC general meetings. “We want to have events...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: New UC Passes First Bill | 2/10/2009 | See Source »

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