Word: thrift
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Fifteen years ago, Kerry Killinger took over a tiny regional thrift called Washington Mutual. Today he runs the nation's seventh largest financial firm and has a rep for bringing customer service--such as free checking--back to banks. He talked shop with TIME's BARBARA KIVIAT...
...savings and loan industry also had its troubles. In March customers of 69 S and Ls in Ohio stampeded to withdraw money when the failure of a Cincinnati thrift threatened to bankrupt the state's private deposit-insurance fund. Ohio Governor Richard Celeste temporarily closed the S and Ls and required them to apply for federal insurance. Two months later, Maryland Governor Harry Hughes seized temporary control of 102 institutions after a similar panic developed...
...craft," observes Bostonian Leah Kramer, 30, who likes to take old boxy rock-concert T shirts and transform them into baby-doll fashion statements. "One way to express your creativity is your clothing. If you make a cool dress out of some sheets that you bought at a thrift store, that says a lot about...
Other members of this fashion movement have made the leap to selling their creations. Melissa Dettloff, 26, who lives in rural Brooklyn, Mich., likes to take on improbable projects like deconstructing four pairs of thrift-store jeans and using their parts to construct a new pair. But her specialty, which can be seen on her website, lekkner. com, is turning old T shirts into minidresses, halter tops or zippered hoodie sweatshirts. Dettloff sells her wares online and will make customized versions for customers who send her their favorite, outdated Ts. "I'm not into labels or name-brand clothing," says...
...your own community, says Jean Railla, author of Get Crafty, a guide to do-it-yourself style, and creator of the website getcrafty.com "The idea is that we consume consciously," says Railla, 34. "That might mean you wear jeans from Old Navy, a T shirt you deconstructed from a thrift store, a vintage blazer and a hand-knit scarf...