The credit crisis is where crucial funds to buisnesses are being cut off. This is caused by the channels of credit being constricted. Also, many companies are being seized by the government due to the credit crisis. To try to fix this, the federal government adopted a $700 billion bailout plan to help get credit flowing again. The problem with this plan is that people are going to be taxed more, and this is what could have started the problem in the first place. I think the bailout plan works temporarily, but is not a complete answer to the problem. (http://topics.nytimes.com/topics/reference/timestopics/subjects/c/credit_crisis/)
CREDIT CARDS
I am comparing the Citi premirepass-elite level card and the Chase+1 student mastercard. With the citi premirepass-elite level card you recieve 2 point with every $1 that you spend and 1 point with every mile flown. With the Chase student master card, you recieve points for music, electronics, movies, and more. The Chase card has no annual fee, but the Citi card has a $75 annual fee that needs to be paid. With the chase card you also earn karma points if you have a good credit score. The Citi card has a high APR at 13.24%. I would choose the chase +1 student mastercard because there are no annual fees, the APR is not high, and the point you earn work for things that I like. The points work for things that students enjoy to do. The citi card had too high of an APR, and you had to pay an annual fee of $75. The citi card had a good point system, but in the end would end up costing too much.
