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There is something to be said for the feel of crisp bills or clinking change in the palm of your hand, but credit cards and automatic teller machines (ATMs) are taking over the market for money. The machines have popped up on every street corner, and you can pay with plastic just about everywhere-even supermarkets happily accept ATM cards these days. Limits on credit availability and allowable amounts for purchases have also begun to varnish...

Author: By Daniel Altman, | Title: Begging in the Age of Credit | 2/21/1995 | See Source »

This back-and-forth sniping suggests that the world has grown more complicated than it was when Consumer Reports made its debut almost 59 years ago. Subscribers still swear by it. Cheryll and Tommy Schechtman, both in their early 40s, recently built a new house in Palm Beach Gardens, Florida, and wanted to upgrade all the major appliances on a $10,000 budget. Says Cheryll: "We're pretty trusting about what Consumer Reports recommends." But the exponential growth of new products threatens to swamp the magazine that was established to rank them for the buying public. Hundreds of new computer...

Author: /time Magazine | Title: EVALUATING THE BUYER'S BIBLE | 2/20/1995 | See Source »

Even Israel, the only country to side with the U.S. in a recent United Nations vote condemning the American trade embargo, does business with Cuba: Israeli firms are second only to Mexican companies in textile investments. These days, the palm-lined patio at the elegant La Ferminia restaurant in suburban Flores is jammed with foreign businessmen power-lunching with government ministers and discreetly whispering into their cellular phones...

Author: /time Magazine | Title: OPEN FOR BUSINESS | 2/20/1995 | See Source »

President Clinton lost his favorite putter. George Bush clipped two spectators, and Jerry Ford, true to form, knocked his first ball straight at the crowd. "The three hackers," as Ford called the presidential trio, convened in Palm Springs, Calif., today for the Bob Hope Classic, with the venerable comedian as a fourth. Before finishing off his round, Bush had to say he was sorry to one victim, slightly bleeding, 71-year-old Norma Early of Vista, Calif., who told Bush, "I'm sorry I got in the way of your shot...

Author: /time Magazine | Title: DANGER . . . DUFFERS-IN-CHIEF | 2/15/1995 | See Source »

...bought a town house at a swank gated development in Georgetown. Meanwhile, after a hectic round of committee meetings, a briefing on fiscal issues, an interview with CBS News and a sit- down with a representative from the National Association of Realtors, Bono catches a flight back to Palm Springs to view flood damage and attend the film-festival gala...

Author: /time Magazine | Title: Sonny Bono, the First 100 Days | 1/23/1995 | See Source »

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