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...Central Federal Credit Union, for instance, reported paper losses of $4.6 billion in October, $800 million more than it showed just one month earlier. Declining asset values are starting to take a toll: on Dec. 9 another large credit union, Members United Corporate, said it would be laying off employees to reduce expenses and conserve cash. "I've been watching the whole thing fall apart," says Ed Roberts, who runs the Washington bureau of the trade publication Credit Union Journal. "It's very...

Author: /time Magazine | Title: Are Credit Unions in Trouble? | 12/10/2008 | See Source »

...waypoint on the road to negotiating a new Kyoto Protocol; it's not the final event. Kyoto, which mandated greenhouse-gas reductions for developed nations (except the U.S., which never ratified the treaty), will expire in 2012. And last year, at the contentious Bali summit, delegates managed to paper over disputes - including those among the U.S., which under the Bush Administration has generally played the spoiler at these talks; the European Union, which has routinely argued for the most stringent carbon reductions; and the big developing nations, like India and China, which say climate change is the fault of rich...

Author: /time Magazine | Title: What to Expect from the UN Climate-Change Summit | 12/10/2008 | See Source »

...prime bonding opportunity with friends and family, as well as an outlet for all that extra energy not spent on studying for midterms. Nothing gets the holiday message across better than the perfect $5 gag gift from CVS. And beautifying your sad white walls by covering them with paper snowflakes is a legitimate procrastination method. Ask anyone. Besides, anxiously anticipating Santa coming down my chimney really tops off all those preparation efforts. Okay, maybe I just want to be five again. But in all honesty, the magic of Christmas doesn’t have to die when you become...

Author: By H. Zane B. Wruble, CRIMSON STAFF WRITER | Title: Love it: Christmas Comes Early | 12/10/2008 | See Source »

...where everything from playing sports to making friends has become digitalized, James D. Hirschfeld ’08 is introducing a novel concept to the electronic world: elegant e-mail invitations. Unlike existing e-vite programs, Paperless Post aims to save money and paper while maintaining the same quality of a written invitation...

Author: By Julia S Chen, CONTRIBUTING WRITER | Title: Paperless Post | 12/10/2008 | See Source »

...Merkel snub dominated the concluding press conference, Sarkozy reacting angrily to a question from a British journalist about a schism with Merkel. Countries had at their disposal a tool kit of fiscal stimulus options, said Sarkozy, manically shredding a piece of paper as he spoke. "Gordon Brown used the tax tool. The fact that I didn't use the tool doesn't mean we disagree...

Author: /time Magazine | Title: Behind a Merkel Snub, Euro Economic Discord | 12/9/2008 | See Source »

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