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...personal financial information and decrease people's credit lines or raise their interest rates. The Bill of Rights will make most of the payment tracking software useless. The banks that bought it will have to write it off. They also have to face the prospect that people who are poor credit risks can run up tremendous sums on their cards, expose the lender to greater risk, and not have to pay a tenth of a percent in extra interest because they are increasingly likely to default. Congress uses perverse mathematics that no one else has to make certain that banks...

Author: /time Magazine | Title: Congress and Credit Cards Mean the Death of Privacy | 5/20/2009 | See Source »

...industry, and more particularly the American car industry, has always favored blunt force in building and marketing cars. Make V8-powered cars that get poor mileage and sell them to people who don't need heavy four-wheel drive cars. Make claims that no one builds a better car even if all of the industry research says otherwise. Market cars by having women in bikinis sitting on the hoods. Toyota never had Miss September sitting in one of its cars, at least not that the public ever knew...

Author: /time Magazine | Title: GM and Chrysler: The Revenge of the Car Dealers | 5/19/2009 | See Source »

...result of the unfavorable trends, Starbucks has posted poor earnings, watched it stock price slide, and closed stores and cut workers. (See pictures of coffee in Italy...

Author: /time Magazine | Title: Starbucks Brews a Plan to Twitter for Dollars | 5/19/2009 | See Source »

President Obama aptly characterized the current recession recently as one caused by a "perfect storm of irresponsibility and poor decision-making that stretched from Wall Street to Washington to Main Street." Yet the Obama phenomenon could be brewing a more perfect storm, wherein an F.D.R.-L.B.J.--style government would promote intrusions that could inflict great social, political and economic devastation on us. Daniel B. Jeffs, APPLE VALLEY, CALIF...

Author: /time Magazine | Title: Inbox | 5/18/2009 | See Source »

...seeing a lot more of these next year. As evinced by the budgetary changes announced last Monday, the head honchos over in University Hall seem to think students needs more fatty foods late at night to accompany their poor sleeping schedules and stress overload...

Author: By Esther I. Yi | Title: Tonight's Special: Brain Break | 5/18/2009 | See Source »

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