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...part of its credit-card portfolio. When consumers are drowning in mortgage and other credit-card debt, they often ignore retail-card obligations. Rising defaults and delinquencies have dragged earnings. In 2008 credit-card profits dropped 80.5%, to $155 million, and the company incurred a $135 million pre-tax loss on its credit segment in the fourth quarter. "The company did great with its credit business when the economy was up, but now that it's down, carrying your own credit is devastating," says Davidowitz. At least Target can be grateful it made one smart move: in May, the company...

Author: /time Magazine | Title: Walmart vs. Target: No Contest in the Recession | 3/14/2009 | See Source »

...sales a year with only a very modest investment. A car owner who has a vehicle that was made in 2005 with 80,000 miles on it can probably be made nearly new. It can certainly by rebuilt so that it is at the level that a "certified pre-owned" car is. Most of the auto dealers take low mileage trade-ins and, after a few modest repairs, sell them as nearly new. They even carry a warranty. A car dealer with skilled mechanics and parts from the original manufacturer can take a four- or five-year...

Author: /time Magazine | Title: Fixing The Car Industry By Fixing Cars | 3/13/2009 | See Source »

...general body of the active participants of the IOP to be more diverse.” Representatives on the Council include Timothy D. Turner ’09, president of the Black Students Association, as well as the political action chairs from the Chinese Students Association, the Black Pre-Law Association, and the South Asian Men’s Collective, according to Cox, who said around a dozen students regularly attend the meetings held once every two weeks. Cox said the IOP has engaged in diversity initiatives before, but that McGee’s plan represents a distinct approach...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: Council Seeks More Diverse IOP | 3/12/2009 | See Source »

...failed narcissistic foray into the unforgiving world of the feature-length movie. The plot is typical bromance fodder. After waking up from four years in a coma, Eugene Bell (Cregger) discovers that his once virginal high-school girlfriend Cindi Whitehall (Raquel Alessi), has become a Playboy centerfold. His pre-coma best friend Tucker Cleigh (Moore) has relationship issues of his own after accidentally stabbing his epileptic girlfriend with a fork. The two decide to embark on a roadtrip to the annual Playboy party so that Eugene can confront Cindi—an adventure rife with setbacks, including a vendetta with...

Author: By Lillian Yu, CONTRIBUTING WRITER | Title: Miss March | 3/12/2009 | See Source »

...presentation at yesterday’s Faculty meeting, Molecular and Cellular Biology Professor Douglas A. Melton emphasized that HDRB will not be a vocational concentration designed for pre-med students...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: FAS Approves New Life Sciences Concentration | 3/11/2009 | See Source »

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