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Adam Levin, co-founder of consumer-information website Credit.com predicts credit-line cutbacks will accelerate as card companies try to shore up their finances before the new regulations take effect early next year. "Credit-card companies are on a reign of terror," he says. "The new rules aren't going to change that anytime soon." Adds McBride: "Consumers will have to brace themselves for higher fees, higher rates and lower lines going forward." And that applies to those with good credit scores as well...

Author: /time Magazine | Title: Could Your Credit Be Too Good? | 6/22/2009 | See Source »

...operation, including office rent of $800 a month and occasional support for those trying to get back on their feet, with his retirement savings and donations. But in April, the Japanese government committed to supporting Shige's and similar efforts with about 10 billion yen ($100 million) over the next three years. "It's taken five years to get the support," says Shige. "But we also need the kind of policies that keep people from becoming depressed in the first place"--particularly by bolstering the safety net for people with mental disorders and those who have hit hard times...

Author: /time Magazine | Title: Postcard: Tojinbo Cliffs | 6/22/2009 | See Source »

...start selling e-books before the end of the year. Simon & Schuster has just announced a plan to sell digital copies of its books through the e-book website Scribd.com. The price? Twenty percent off the harcover price, which comes to a good deal more than $9.99. "Within the next six to nine months, there will be many new devices, some new platforms and formats and a number of big companies entering this field that don't currently have a presence," says Michael Cader, founder of Publishers Lunch, an e-newsletter for book-world insiders. (See 25 must-have travel...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

...this spring, when I heard that an upcoming barbecue competition on our block would pit me against Stock (Dorfman's next-door neighbor), I quailed. Stock is a barbecue bully. During the last cook-off, he planked a salmon that was epic - and he never stopped gloating about it. Now, with the Great Chicken Grill-Off only weeks away, he was mincing about with a plan to kill his own poultry. And I? I had nothing...

Author: /time Magazine | Title: King of the Grill | 6/22/2009 | See Source »

Stock was a dead man. And he didn't even know it yet. Over the next 10 days, I smoked chickens, ducks, brisket, pheasant and, most delectable of all, ribs. I had lungs like a coal miner's but continued to smoke anything I could find. I almost threw my wife's little dog in there...

Author: /time Magazine | Title: King of the Grill | 6/22/2009 | See Source »

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