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...January and 64,000 in February. Those numbers are up more than 15% from a year ago, Croxson said, but the really dramatic changes are in the composition of the callers. What happens after the call? The traditional solution in the credit-counseling business has been the debt-management plan, a three-to-five-year repayment schedule with the terms largely dictated by the creditors. Lots of debtors today are in so deep, though, they can't afford those terms. In that case, bankruptcy is one option - and bankruptcy filings, after dipping in the wake of the 2005 reform that...

Author: /time Magazine | Title: Credit Problems Are Climbing the Income Scale | 3/9/2009 | See Source »

...Although Xanadu doesn't have a pretty face, it's what's inside that counts for a mall. And if Xanadu can corral enough retailers to sign on for a grand opening, it has the potential to at least survive the downturn. If all goes according to plan, the mall could spice up the shopping experience, which would be a welcome change in this depressed retail environment. For example, a huge video screen in the sports area will broadcast games, which could draw shopping-averse men to the mall. The Children's Science Center, Legoland Discovery Center and Wannado City...

Author: /time Magazine | Title: The Last Shopping Mall? New Jersey Awaits Xanadu | 3/9/2009 | See Source »

...Truth and Consequences Re "What Would Lincoln Do?": Lincoln dedicated his life to the pursuit of economic freedom for all [Feb. 16]. But lost in the debate on the current stimulus plan is any mention of personal responsibility. That lack of responsibility on Main Street, Wall Street and Capitol Hill is what got us into this mess to begin with. Sure, we all have the right to rise, but we have forgotten that with rights come responsibilities. Jason Peirce, Calabasas, Calif...

Author: /time Magazine | Title: Inbox | 3/9/2009 | See Source »

...talent to advance their husbands’ careers, can achieve greater financial security for their families than with two incomes. Marketed to business savvy career women who desire a “slower-paced, more graceful, family oriented life,” Basham’s book outlines a plan wherein wives transform into indispensable career partners for their husbands by mentoring, advising, and pushing them to get ahead...

Author: By Courtney A. Fiske | Title: “Beside Every Successful Man” | 3/9/2009 | See Source »

...Beyond her absolute reliance on dubious data, Basham’s argument obfuscates the socioeconomic structures that render her step by step plan unfeasible for the bulk of American families. When Basham alludes to a “group of mothers,” she would be more truthful to reference a “group of white upper middle class mothers with equally well-to-do husbands.” Indeed, the women that Basham upholds as paradigms of her “career partner” include the wife of the founder of Amazon.com and the wife...

Author: By Courtney A. Fiske | Title: “Beside Every Successful Man” | 3/9/2009 | See Source »

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