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...Then there is the financial system. Problems tied to bad loans persist. The latest victim came forward on Tuesday: small-business credit-card issuer Advanta said it would shut down all of its cardholders' accounts after billowing losses threatened its viability. And yet elsewhere the credit markets seemed downright rosy. The TED spread - a gauge of how willing banks are to lend to each other - hit its lowest point since the beginning of the credit crisis in the summer of 2007, and companies, including Microsoft and Wal-Mart sold a relatively sizeable $32.6 billion of debt to investors...

Author: /time Magazine | Title: The Outlook for Stocks Is Decidedly...Mixed | 5/17/2009 | See Source »

...Democrats devised a permit allocation system to line up committee support. To woo lawmakers from districts powered by coal-fired utilities in the Midwest and Southeast, the agreement would give away 35% of the permits to electric utilities until 2025 while they make a transition to cleaner fuels or develop carbon capture technology. Research for such technology would be subsidized by billions of dollars raised from government auctions...

Author: /time Magazine | Title: Environmentalists Attack House Global-Warming Deal | 5/16/2009 | See Source »

...balance her Seventeen photo shoots and ANTM auditions with school work, Westbrook says that she has developed an incentive system for herself...

Author: By Manning Ding and Jessie J. Jiang, CRIMSON STAFF WRITERSS | Title: Harvard Models Work Runways, Classrooms | 5/15/2009 | See Source »

...Without something called pre-registration, we don’t know how many people will be taking classes until after shopping period,” said Dean of the College Evelynn M. Hammonds. “It’s a pretty inefficient system...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERSS | Title: FAS to Increase Section Size In Order To Accommodate Budget Saving Measures | 5/15/2009 | See Source »

Sessions, Rep. Pete •accusation by that Obama plans to "diminish employment and diminish stock prices" for no other reason than to "inflict damage and hardship on the free enterprise system, if not to kill...

Author: /time Magazine | Title: It Happened This Week!: The News Index | 5/15/2009 | See Source »

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