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It was status and convenience in two breezy words: Charge it. But in
these leaner times, shoppers are thinking twice before pulling out the
plastic, even as analysts predict credit-card defaults could total more
than $75 billion this year. On April 23, Barack Obama and his economic
adviser Lawrence Summers met with credit-card executives to discuss how
to control our addiction to plastic--and curb the controversial
practices that encourage it. Read the whole article at http://www.time.com/time/magazine/article/0,9171,1893507,00.html
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