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...card habits are finally taking a toll. With more than a billion cards in our wallets, we floated some $937 billion in outstanding credit-card debt as of last November, according to the Federal Reserve. The average card-holding household has $9,659 in credit card debt, up from $2,966 in 1990. Seduced by 0% interest rates on balances transferred from other cards and blanketed with "convenience checks" that let us pay off other bills while card debt mounts, it is more tempting than ever to say yes. But whereas even a year ago, folks could tap their home...

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

...insistence that 3 million supporters thronged the streets of Karachi to greet her return from exile strains credibility, especially as most journalists and observers put the number at a generous 300,000. Most egregious however, is her overwrought descriptions of the terrible blast that same night. The death toll is enough; her account of watching a video of the event later and hearing the faint cry of Jeay Bhutto - "long live Bhutto" - from the wounded as they lay dying in the streets smacks of political aggrandizement...

Author: /time Magazine | Title: Bhutto's Incomplete Legacy | 2/17/2008 | See Source »

...recuperate, the Crimson had back-to-back Ivy league matches against Penn and Princeton last weekend. Harvard came out strong against Penn and earned a 6-3 victory. But due to Princeton’s sheer depth of talent and having a match the previous day took its toll on Harvard as it lost, 9-0. This is the first time the Crimson has lost to Yale in its last four competitions with the Bulldogs. Tonight’s win propelled Yale to the No. 3 positions and dropped Harvard down to the No. 4 position in the CSA championships...

Author: By Alison E. Schumer, CRIMSON STAFF WRITER | Title: Harvard Chewed Up by Bulldogs in 7-2 Loss | 2/14/2008 | See Source »

...ceremony in City Hall this morning. Ken Livingstone, the capital's two-term Labour Mayor - currently campaigning to win a third stint in May 1 elections - announced that from October onward, drivers of high-polluting vehicles will have to pay a punitive ?25 or $50-a-day toll for city-center journeys. The chief focus of Livingstone's wrath are the four-wheel drive vehicles he calls "Chelsea tractors": shiny gas-guzzlers driven by affluent moms who drop off their little darlings at private schools and then cruise into town for their Botox appointments. The toll will be levied...

Author: /time Magazine | Title: Taxing the Gas Guzzlers in London | 2/12/2008 | See Source »

...likely to prove popular with Livingstone's core supporters - blue-collar workers and a broad sweep of left-leaning metropolitan types concerned about climate change - as well as green campaigners across the world, who laud the congestion-charging scheme he first introduced in February 2003. The original daily $10 toll has been raised to $16, and the charging zone was extended westward last year. The mayor says that if a third of the 33,000 high-emissions cars daily entering central London continue to do so, the new scheme will generate a further $60 million to $100 million a year...

Author: /time Magazine | Title: Taxing the Gas Guzzlers in London | 2/12/2008 | See Source »

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