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...double the average of 5% over the past 10 years - reaching $18.6 billion in the first quarter and $96 billion by the end of next year, predicts an October report from Innovest Strategic Value Advisors, an investment-research firm. "A 10% [charge-off] rate would be unprecedented," says Laura Nishikawa, an Innovest analyst. (Read "Fannie and Freddie Offer New Plan to Help Homeowners...

Author: /time Magazine | Title: With Defaults Rising, Is a Credit-Card Crisis Looming? | 11/14/2008 | See Source »

...Taylor, 28, whose online alter ego is named Laura Skye, said that her husband's virtual infidelity exacted a pain that cut as deep as any extramarital liaison. "It may have started online, but it existed entirely in the real world and it hurts just as much," she said. "His was the ultimate betrayal. He had been lying to me." (See the 50 best websites...

Author: /time Magazine | Title: UK Couple to Divorce over Affair on Second Life | 11/14/2008 | See Source »

...Taylor met her 40-year-old husband, David Pollard, in an online chat room in 2003. Their mutual interest in Second Life helped their relationship flourish, and the couple married two years later. To mark the occasion, Laura Skye married Dave Barmy, Pollard's avatar (who clearly opted for the modest lifestyle on the game, living in a chalet with a Cobra helicopter gunship parked next to it), in a lavish ceremony on Second Life. "People find love in lots of different ways," Taylor said...

Author: /time Magazine | Title: UK Couple to Divorce over Affair on Second Life | 11/14/2008 | See Source »

...Avatars need not represent players' real-life personas. Online, Laura Skye works as a club DJ and is 6 feet tall, weighs 112 lb. and has a penchant for skin-tight cowgirl outfits. In reality, Taylor, an unemployed former waitress, is 5 feet 4 inches tall, weighs 224 lb. and prefers T shirts and leggings...

Author: /time Magazine | Title: UK Couple to Divorce over Affair on Second Life | 11/14/2008 | See Source »

...Disgusted, Taylor ended Laura Skye's relationship with Barmy but chose to stay with Pollard in real life. In an effort to test his commitment, Taylor hired a private investigator on Second Life named Markie Macdonald. Macdonald hatched a plan whereby a female avatar flirted with Barmy in an effort to lure him to her cyber-bed. Instead of succumbing to temptation, Barmy spoke of his strong feelings for Laura Skye...

Author: /time Magazine | Title: UK Couple to Divorce over Affair on Second Life | 11/14/2008 | See Source »

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