Layaway Is Making A Comeback

The Wall Street Journal: Layaway, a payment practice that was made popular during the Great Depression but nearly became extinct due to the instant gratification of credit cards, is back in fashion thanks to the credit crunch. Only a handful of national retailers still let consumers put purchases aside until they have paid for them […]

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Niche Companies Make Most Of Crisis

The Boston Globe: As stocks began their historic nosedive early this month, Tim McNamara and Tracey Manzi smelled opportunity. The husband-and-wife team of certified divorce financial analysts rolled out a new service to take advantage of the sputtering economy and its inevitable stress on marriages: a flat-rate option for divorce-related financial consulting and mediation. Since

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Small Bizs Feeling the Chill

The New York Times: Some small companies say they are no longer able to get loans from newly cautious banks as credit tightens across the country, and even those who do qualify are increasingly reluctant to borrow and expand, fearful of overextending themselves in the midst of the financial crisis. Alan Petrucci, whose small factory

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