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...That goal is easily seen in the legislation's key feature: limitations on how card companies treat customers' existing balances. When you sign up for a credit card, you agree to pay a certain interest rate on the balance you carry - you enter into a legal agreement to that end - but historically, your card company has been able to change that rate for all sorts of reasons. Maybe you charge a greater chunk of your credit limit than normal. Maybe you're late on a payment to some other company. In recent years, the difference between the interest rate folks...

Author: /time Magazine | Title: Congress's Credit-Card Bill: Playing Fair, Not Foul | 5/15/2009 | See Source »

...Republicans for decades. But, so far, depriving the “beast”—big government—of revenue hasn’t led to starvation. The beast has had a credit card, a card with a seemingly perennial teaser rate and a credit limit it can more or less set itself. Republican politicians, who would have lost their power to vote tax cuts to their wealthy donors if they hadn’t been re-elected, have not wanted to be implicated in the demise of the source of national defense, social security, medical care...

Author: By Clay A. Dumas | Title: The Private Cost of Public Poverty | 5/13/2009 | See Source »

...It’s inevitable, from the looks of it, that a certain amount of that is going to happen,” Thomas said. “One just has to try and limit it so that it doesn’t lead to the deterioration of the [educational] mission...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Wary Professors Eye Next Wave of Cutbacks | 5/13/2009 | See Source »

...information. And yet America's overreliance on consumer debt has happened anyway. Why? Disclosure itself may not be enough considering the well-entrenched forms of human thinking we're dealing with. "There have been a lot of disclosure policies over the past 20 years, but they've had a limited effect on improving the market," says the University of Maryland's Ausubel. "The problem isn't in the availability of information. The problem is in the processing of the information." (Read "How the Banks Plan to Limit Credit-Card Protections...

Author: /time Magazine | Title: The Real Problem with Credit Cards: The Cardholders | 5/12/2009 | See Source »

...hallmarks of a diplomatic cat-and-mouse game from the start. Iran watchers viewed it as a play by Iranian hard-liners to insert themselves into the debate over diplomatic engagement, giving anti-détente forces a tool to retard diplomatic progress because the U.S. would have to limit its engagement with Tehran as long as Saberi was held captive. "They can use her to sabotage any opening," said Suzanne Maloney, an Iran expert at the Brookings Institution. (See pictures of the health-care system in Tehran...

Author: /time Magazine | Title: After Iran Frees Saberi, Will the U.S. Reciprocate? | 5/12/2009 | See Source »

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