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...with politicians angry with the bankers over the subprime fiasco, the heat is rising on the industry's credit-card segment. One of the strongest proposed changes is Levin's provision to limit interest rate increases to no more than seven percentage points above the initial rate. "Too many card issuers engage in very, very severe abuses and outrageous practices. It?s indefensible," says Levin, who arrived at seven, because it is about 50% above many cards' initial interest rate of around...

Author: /time Magazine | Title: Exposing the Credit-Card Fine Print | 2/21/2008 | See Source »

...Harvard men’s basketball team looks to get back on a winning track this weekend when it hosts Princeton tonight and Penn tomorrow night at Lavietes Pavilion. The Crimson looks to regroup and snap a seven-game losing streak against two teams also in the bottom half of the Ivy standings and with less than stellar road records...

Author: By Meghan E. Marchetti, CONTRIBUTING WRITER | Title: Harvard Welcomes Penn, Princeton | 2/21/2008 | See Source »

That spark may very well be provided by junior guard Drew Housman. Last weekend, Housman erupted for 18 points in a one-point loss to Cornell and then notched 25 points, seven rebounds, and three steals in the loss against Columbia. Amaker could only praise Housman’s play of late...

Author: By Meghan E. Marchetti, CONTRIBUTING WRITER | Title: Harvard Welcomes Penn, Princeton | 2/21/2008 | See Source »

...state's 15 most populous counties, some 65,000-plus voters went to grocery stores and bank lobbies, rec centers and libraries to vote. Some images are startling: 1,000 Prairie View A&M students, a traditionally African-American college in a rural area west of Houston, marched seven miles to the nearest early voting station. And in a state requiring no party registration to cast a ballot, two out of three early voters so far have asked for a Democratic ballot. That is where the battle is being fought: between a must-win Hillary Clinton and a surging Barack...

Author: /time Magazine | Title: Clinton-Obama Rodeo Lassos Texas | 2/21/2008 | See Source »

...task here is really monumental," says Dr. Said Hakki, an American of Iraqi descent who is now president of the Iraqi Red Crescent Organization. Basic services, such as ambulance dispatches, are almost nonexistent. "The response time in America is about seven minutes. In Saudi Arabia it's nine to ten minutes and in the region it's 12-15 minutes." By comparison, says Dr. Hakki, "the response time in Iraq is two hours to infinity...

Author: /time Magazine | Title: Iraq's Need: A Humanitarian Surge | 2/21/2008 | See Source »

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