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...also have to come to grips with its inherent lack of coordination by exerting greater control over its fragmented economies, markets and political systems. China's four largest banks, for example, still have over 50,000 branches between them - branches that in many cases function autonomously with respect to deposit-gathering and lending policies. Such a fragmented banking system has long been a major complication for China's central bank and its execution of a coherent monetary policy. Asia's rural-urban dichotomy also creates a natural fragmentation to its social and economic fabric - underscoring ever widening income and educational...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

...with domains like Gmail, Hotmail, Yahoo! and Rediffmail (an Indian outfit) - most legitimate hirers have e-mail addresses from their companies. A company or recruiter that asks for your bank account or credit-card number is a huge warning sign. True, plenty of companies use bank information for direct-deposit paychecks - but that comes after you're hired...

Author: /time Magazine | Title: Job-Search Scams on the Rise in the Recession | 10/8/2009 | See Source »

After the change in tax law, Updike continued to deposit his personal archives and work at the Houghton Library, though Updike maintained full control over access to these documents...

Author: By ZOE A. Y. WEINBERG, CONTRIBUTING WRITER | Title: Library Acquires Updike Collection | 10/8/2009 | See Source »

...accounting trick save the Federal Deposit Insurance Corp.? That's what FDIC chief Sheila Bair and Co. seem to be hoping...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

...months it had been clear that the FDIC, which maintains a fund to protect deposits when banks fail, would soon run out of money. By the FDIC's own revised estimate, the credit crisis, which has already claimed 95 banks this year, will cost the agency $100 billion. Half of that has already been spent. It's the other half the FDIC is having problems coming up with. As of the end of June, the FDIC had about $10 billion left in its insurance fund. That has put the FDIC in a tough spot. When a bank fails...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

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