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...week term, which translates into an annual percentage rate exceeding 300%. Industry experts say the APR is just theoretical since payday loans are meant to be very short term, lasting only until the borrower's next paycheck. Even so, a number of states, like Ohio, are imposing caps on the rates in an effort to stop what they consider to be predatory lending. (See the top 10 oddball news stories...

Author: /time Magazine | Title: Pawnshops Flourish in Hard Times, Drawing Scrutiny | 1/14/2010 | See Source »

...year since the crisis, a number of academics have pretty much refuted nearly every one of those early explanations as being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...

Author: /time Magazine | Title: Hearings to Begin on Causes of Financial Crisis | 1/11/2010 | See Source »

...which John McCain either lost or won with less than 60% of the vote in 2008), while Democrats are defending seven seats (which Obama either lost or won with less than 60% of the vote). And in the Senate, Dems have strong candidates for the open GOP seats in Ohio, New Hampshire, Missouri and Kentucky...

Author: /time Magazine | Title: Senate Retirements Point to Dems' Uphill Election Fight | 1/7/2010 | See Source »

...appears the extra dimension is finally here. Analysts expect a slew of 3-D-related products to be released at the Consumer Electronics Show, which starts Jan. 7. ESPN has already experimented with 3-D production - the network showed the September USC-Ohio State football game in 3-D in select movie theaters...

Author: /time Magazine | Title: Will Sports Fans Watch Games on ESPN in 3-D? | 1/6/2010 | See Source »

...According to Bratches, the in-home 3-D experience will take you dangerously close to the action. "When we did the USC-Ohio State game, one of the most interesting things we saw was when they ran a play to the side of the field where the 3-D cameras were," he says. "The people in the front row [of the theater] literally stood up. They thought they were going to get hit." Sports broadcasts in 3-D will require additional cameras at different angles from those in the 2-D production. "The camera at the center court line...

Author: /time Magazine | Title: Will Sports Fans Watch Games on ESPN in 3-D? | 1/6/2010 | See Source »

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