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...data shows that people have still have more access to credit than ever before," says Andrew Davidson, a VP at Synovate. "Some companies are pulling back credit to riskier borrowers, but for the industry as a whole, access and usage of credit cards is at record levels...

Author: /time Magazine | Title: Paulson Credit-Card Bailout Draws Growing Criticism | 11/16/2008 | See Source »

...having a hard time grasping the importance of becoming the world's fastest kiwi peeler(multiple-record holder Alastair Galpin set that mark this week, stripping and eating the fruit in about 16 seconds) you're not alone. "There can be a snobbishness about record breaking," the book's editor-in-chief, Craig Glenday, told Britain's Sky News. "What may seem pointless to you could be a passion for someone else." For some, record-breaking itself has become a consuming passion. Ashrita Furman, a health-food store manager from Queens, N.Y., has broken more than 200 records. He notched...

Author: /time Magazine | Title: Guinness World Records | 11/14/2008 | See Source »

...card industry is being likened to what has happened in the mortgage industry," says Greg McBride, senior financial analyst at Bankrate.com, a personal-finance website. "I don't see how the two should be mentioned in the same sentence." He reasons that even if credit-card defaults reach a record high of 10% of the $970 billion in revolving debt, a chunk of that total will get paid off in full every month, which would result in an aggregate default of less than $100 billion. That number doesn't come near the losses that have occurred in the $14 trillion...

Author: /time Magazine | Title: With Defaults Rising, Is a Credit-Card Crisis Looming? | 11/14/2008 | See Source »

This is not the story of oil as a commodity but instead the story of
 traders who transact in the future price of oil. These are the same traders who previously brought this price to record highs. The price of oil went up tremendously; the price of oil crashed. Unfortunately for consumers, the story is not over yet, and we're just along for the ride...

Author: /time Magazine | Title: What Caused the Big Slide in Oil Prices | 11/14/2008 | See Source »

...When the House Judiciary Committee looked into the Siegelman affair earlier this year, the DOJ issued statements, placed in the Congressional Record, maintaining that the case had been handled only by career prosecutors, not political appointees, and that Canary had recused herself in 2002, "before any significant decisions ... were made...

Author: /time Magazine | Title: More Allegations of Misconduct in Alabama Governor Case | 11/14/2008 | See Source »

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