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...water could also worsen existing algae blooms as far upriver as the Mass Ave. bridge, according to EPA state manager David Webster...

Author: By Brendan R. Linn, CONTRIBUTING WRITER | Title: Pollution Threatens Charles | 10/19/2004 | See Source »

...addressing the heart of the problem: workers are expensive. But economists have doubts about whether this limited policy will make a real difference. They are much less excited about Bush's tax cuts, which could fire up some consumer spending, but not enough to add jobs, and would worsen the deficit. "We can't afford them anymore," says Diane Swonk, chief economist at Bank One. Shrinking the deficit or making big changes to the health-care system, the experts say, would do more to shore up business confidence and boost hiring...

Author: /time Magazine | Title: Campaign '04: Bush and Kerry: Whose Plan Is Better? | 9/13/2004 | See Source »

...interest rates rise, mortgages and credit-card debt get more expensive, especially for those making less than $50,000 a year. "If you look at the low end of the income spectrum, they seem to be having more difficulty making payments," says Sohn. Over time, the deficit could worsen that effect, by making interest rates higher than they would have been otherwise. "Its effects on the economy are slow and cumulative," says Ed McKelvey, senior economist at Goldman Sachs. "It's like driving with your emergency brake...

Author: /time Magazine | Title: Campaign '04: Bush and Kerry: Whose Plan Is Better? | 9/13/2004 | See Source »

Your personal-debt problems may soon worsen. The folks at Economy.com expect the Federal Reserve's string of interest-rate hikes to affect the interest rates you pay on your credit card sometime in the first half of next year, according to Scott Hoyt, the site's director of consumer economics. The key to feeling as little pain as possible is using the next six to nine months to pay down your debt smartly. In my new book, Pay It Down! From Debt to Wealth on $10 a Day (Portfolio), I discuss strategies to do just that. For instance...

Author: /time Magazine | Title: Money: Getting Out of the Red | 9/13/2004 | See Source »

...latest arrivals join an estimated 5,200 already living in the South, and their ranks are expected to grow as conditions in their homeland worsen. But as Yoo testifies, stepping out of a totalitarian time warp and into a high-tech, hyper-competitive society can be the challenge of a lifetime. To help them assimilate, Seoul gives refugees a two-month-long "life-training" course?teaching such things as how to open a bank account?and a $23,000 settlement payment. They also get a monthly income supplement of up to $375 and help with housing...

Author: /time Magazine | Title: A Whole New World | 8/2/2004 | See Source »

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