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Nonetheless, for now, Moynihan seems to be making more friends than enemies. So far, his boldest moves have to do with consumers. First of all, in February, the bank stopped charging customers overdraft fees on debit-card purchases they couldn't afford. Instead, when someone doesn't have enough money in their account to cover the purchase, Bank of America simply declines the transaction...

Author: /time Magazine | Title: BofA's CEO: How to Win Friends and Influence People | 3/30/2010 | See Source »

Chasing the Taliban How to take on the Taliban [March 8]? The real question should be, Why are we fighting the Taliban? If we are victorious, then what? There is no concrete government in Afghanistan, and when there was, corruption was the rule, not the exception. We cannot afford to continue propping up puppet regimes worldwide. Haven't we learned a lesson from Iraq? David Walker Dartmouth, Mass...

Author: /time Magazine | Title: Inbox | 3/29/2010 | See Source »

...types of novels," he explains, "but I do understand there are reasons for their existence." Mo Yan quite unabashedly says that the desire to escape poverty was the initial reason for the existence of his novels but he adds that it has long been supplanted. "Now that I can afford dumplings, why am I still writing? Because I have things to say." And to say delicately, if he's to continue enjoying good relations with his hosts at lunch...

Author: /time Magazine | Title: Lunch with China's Mo Yan | 3/29/2010 | See Source »

...quid for this?" she asks. After haggling with the assistant, she leaves with half that sum, passing a display case of trinkets earlier customers failed to redeem, including a clutch of diamanté rings spelling out the word Mum. Sentimentality is an indulgence nobody in Dagenham can afford. (See pictures of the U.K. at home...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...Among some journalists at the Guardian, the belief is that Lebedev will be more cautious and drop the price of the daily paper from ?1 to 50 pence in order to undercut the competition. This strategy is certainly more realistic. Lebedev can afford to take the financial risk, having made a fortune through the $668 million sale of his stake in Aeroflot, the Russian airline, and other businesses in his native country earlier this year...

Author: /time Magazine | Title: Can a Former KGB Agent Save London's Independent? | 3/27/2010 | See Source »

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