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Americans relied less on borrowed money in April than they did in March-a sign that the pullback on debt-fueled spending continued into the spring. New data from the Federal Reserve shows that outstanding consumer credit which includes credit cards, auto loans and tuition financing, but not mortgages, fell by $15.7 billion to $2.52 trillion, an annualized drop of 7.4%. That marks the second-largest dollar drop on record, following March's $16.6 billion decline...

Author: /time Magazine | Title: Consumer Borrowing Is Down, But For How Long? | 6/6/2009 | See Source »

...there was a public record of hundreds of tweets documenting the conversation. And the conversation continued - if you search Twitter for #hackedu, you'll find dozens of new comments posted over the past few weeks, even though the conference happened in early March...

Author: /time Magazine | Title: How Twitter Will Change the Way We Live | 6/5/2009 | See Source »

Twenty years since the Exxon Valdez tanker ran aground in southeastern Alaska on March 24, 1989, spreading an 11-million-gallon crude-oil inkblot into Prince William Sound, the formerly pristine coastal waters once again appear clean and untouched...

Author: /time Magazine | Title: Still Digging Up Exxon Valdez Oil, 20 Years Later | 6/4/2009 | See Source »

Such discrepancies are hard to explain. The Harvard researchers' data, gathered from the Osiris database, was reviewed by both NEJM and TIME and found to be accurate as of March 26, 2009. Osiris, for its part, collects financial information from yet another financial database, FactSet Research Systems, which sources its records directly from public filings by the tobacco firms and the insurers to the Security and Exchange Commission. "I think the numbers in the Osiris database are aggregate numbers from every division of a company like Northwestern, whereas Northwestern might be looking at a subset of their total holdings," Boyd...

Author: /time Magazine | Title: How Much Do Life Insurers Profit from Tobacco? | 6/4/2009 | See Source »

...health-insurance industry, by contrast, has largely divested tobacco holdings since the 1990s and has offered to compromise with lawmakers in the health-care debate. In a letter to Congress on March 24, several health insurers indicated they would be willing to stop charging higher premiums to people with a history of medical problems if all Americans were required to purchase health plans. Perhaps the next step will be for life and disability insurers to look at their tobacco stocks and, as they say, kick the habit...

Author: /time Magazine | Title: How Much Do Life Insurers Profit from Tobacco? | 6/4/2009 | See Source »

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