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Although pawn loans are far pricier than credit-card and bank loans, they also are faster, don't require complicated paperwork and don't affect one's personal credit. Since the loan is backed by merchandise, if the loan isn't repaid, the person simply loses the pawned item - "whereas with other types of loans, I could lose my house or car," says Henry Coffey, a senior analyst at Sterne Agee & Leach...

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

Lewis largely blames the seven-person board and former President Larry Summers for Harvard’s current financial crisis—noting that the Corporation lost $3 billion by “gambling” with operating cash and making bad bets on interest rates, in addition to another $11 billion lost from the endowment. He writes about the Corporation’s notorious secretiveness (“Their meetings and agendas are unannounced, their decisions unreported”) and seeming invulnerability (“[They] serve for life if they wish and cannot be unseated by anyone except...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Professor Challenges Harvard's Governance Structure in the Huff Post | 1/13/2010 | See Source »

...does succeed, the promoter would not only manage to stage what will be by far the biggest event of its kind in China, he will also finally realize a 10-year-long personal dream that began with a random phone call from the Vatican. "I am the least likely person to get a call from the Vatican," says Garson, "but they wanted to do a project with me," involving printing some of Pope John Paul II's favorite poems and prayers...

Author: /time Magazine | Title: Can a Rock Concert (and a Vegas Producer) Remake China's Image? | 1/13/2010 | See Source »

...duty policeman with a .45 caliber pistol casually tucked into his trousers was the first person to be arrested in the Philippines' new six-month ban on carrying firearms in public - a measure aimed at reducing political killings during the election season that has only just started but is already violent...

Author: /time Magazine | Title: Philippines Gun Ban Kicks Off Amid Campaign Violence | 1/13/2010 | See Source »

What are some practical ways businesses can improve performance? The do-it-yourself performance review. I have not encountered a single person who thinks performance reviews are useful, valuable or enjoyable. They take place too infrequently. If you want feedback on something, you want it pretty quickly, rather than six months later. At the end of the month, call yourself into your office, and give yourself an appraisal. How are you doing? Where are you falling short? People want to know how they're doing and I think we can assess that ourselves...

Author: /time Magazine | Title: Business Guru Daniel Pink on What Fuels Good Work | 1/12/2010 | See Source »

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