A small church in Santa Fe, N.M., has grown up around a unique sacrament. Twice a month, the congregation meets in a ritualized setting to drink Brazilian huasca tea, which has psychoactive properties said to produce a trance-like state.
The Supreme Court confirmed the UDV church's right to exist in 2006. The church doesn't seek new members and prefers to keep a low profile. It did, however, agree for the first time to open up to a journalist.
Consumer advocates call them "debt" traps. The banks that offer them call them direct-deposit advances and describe them as available funds for short-term emergencies.
But the cash advances have many of the negative characteristics of payday loans. And on Thursday, U.S. bank regulators took a step toward protecting consumers from the risks they pose. The regulators proposed standards for "deposit-advance products."
New York City is notoriously crowded, and it's only getting more so. The city estimates it will have 1 million more people by the year 2030, many of them single. Where to place all these newcomers is a major challenge.
Mayor Mike Bloomberg has announced plans to put up an experimental building of micro-apartments that could be replicated throughout the city. And the Museum of the City of New York is looking at ways to make better use of the city's housing stock.