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The new credit-card regulations, widely known as the CARD Act, could tilt the priorities of borrowers even more toward credit cards. Lenders used to be able to cancel a customer's credit card if they defaulted on their mortgage. Now, under the act, lenders are not allowed to raise...

Author: /time Magazine | Title: Strapped Consumers Paying Credit-Card Bills Before Mortgages | 3/2/2010 | See Source »

The E.U.'s recovery from recession has been fragile and slow - the bloc is only forecast to grow by an anemic 0.7% this year. José Manuel Barroso, the European Commission President, warns that Europe risks a "lost decade" of stagnation and decline if it does not act boldly now...

Author: /time Magazine | Title: Europe's New Economic Strategy: A Miracle Cure? | 3/2/2010 | See Source »

Barroso sees this is a crisis-driven leap into further European economic integration. Euro-zone finance ministers are already putting Greece's budgetary policies under more scrutiny than any member state has ever had to endure - and there are now suggestions that similar measures could be taken with economic policies...

Author: /time Magazine | Title: Europe's New Economic Strategy: A Miracle Cure? | 3/2/2010 | See Source »

It's not entirely clear why the videos are so ineffective, but there may be two potential explanations. One has to do with the idea that such videos and DVDs overstimulate the brain. Researchers believe there is a critical window during early development in which language skills are acquired and...

Author: /time Magazine | Title: Baby Wordsworth Babies: Not Exactly Wordy | 3/2/2010 | See Source »

Another reason videos inhibit word-learning may simply be that they replace precious parent-child time that could be spent learning the same words. If babies are watching a DVD, they are not engaging or communicating with their parents. In Richert's study, her team found that the most learning...

Author: /time Magazine | Title: Baby Wordsworth Babies: Not Exactly Wordy | 3/2/2010 | See Source »

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