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...buying a house or a car goes up, as does the price you pay for carrying a credit card balance from one month to the next. For example, thanks largely to Fed hikes, the average interest rate for a 30-year mortgage currently stands at 6.6%, according to Freddie Mac, up from 5.7% this time last year. Folks who have adjustable-rate mortgages tend to be especially hard hit, as payments balloon ? and more defaults follow. On the other hand, if you're a saver, you'll start seeing bigger interest payments on savings accounts, CDs and money markets...

Author: /time Magazine | Title: Bernanke Learns the Perils of Honesty | 6/7/2006 | See Source »

...According to the State Department official, Idol isn't the only junk food on Condi's TV diet. She also watches Law & Order and was a fan of The Bernie Mac Show before its cancellation. But while there are no plans at the moment for a Condi-Taylor duet, Idol fans cast a total of 63.4 million votes Tuesday night - which host Ryan Seacrest pointed out was "more than any President in the history of our country has ever received." And since 35% of American Idol fans believe the votes cast in the singing competition count as much or more...

Author: /time Magazine | Title: Taylor Hicks' Biggest Fan? | 5/25/2006 | See Source »

...they persist in their criticism, tell them to call Andres Paniagua, another Big Mac I met. He?s one of the 600,000 of you who has served in Iraq. Of course you probably won?t be able to reach this former Marine, because he works full-time at an inner city school, goes full-time to college in West L.A., and mentors his church youth group...

Author: /time Magazine | Title: Dear Graduates: Hillary Clinton Has Got You All Wrong | 5/23/2006 | See Source »

...really sure how it?s possible to attend college full-time while also holding down a full-time job, so I went to Los Angeles this week to meet some of you who live this way. Sara Lopez was one. This petite Big Mac has been taking classes full-time at Santa Monica College, while also working as a cashier at the UCLA hospital cafeteria. On Tuesdays and Thursdays she only goes to school. On Saturdays and Sundays she works a full day. On Monday, Wednesday and Friday she pulls a double shift of school then work. This 21-year...

Author: /time Magazine | Title: Dear Graduates: Hillary Clinton Has Got You All Wrong | 5/23/2006 | See Source »

...many students camp out in Lamont, others have opted to relieve their stress through yoga with Gene Pacelli at the Malkin Athletic Center (MAC). The 64-year-old yoga instructor stood in front of his 25-person class, balancing on one leg with his hands clasped together as if he were praying. “Whatever it is you’re holding on to, let go of everything less than happiness,” Pacelli says. “I had an exam on Friday, so I had to go to yoga Thursday,” says Anna Reinert...

Author: By Pamela T. Freed, CRIMSON STAFF WRITER | Title: Bend It Like Pacelli | 5/22/2006 | See Source »

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