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...centers leave plenty of room for the Wal-Mart to work with partners to add even more financial services such as mortgages and home equity loans later, something the company has not ruled out and competitors are already bracing for. Although Wal-Mart withdrew its bid earlier this year to become a full-fledged bank, amid opposition from community banks that feared such a move would put them out of business, Wal-Mart's new Money Centers and MoneyCards are giving them a significant foothold in the financial services industry. The centers currently offer money orders, bill payment and phone...

Author: /time Magazine | Title: Wal-Mart's Unbanking Business | 6/21/2007 | See Source »

...customized ringtones. One ringtone alone, "Crazy Frog," has earned more than $70 million. Data demand increased about 68% last year, and it now constitutes 16% of the carriers' revenue. To guard that growing income stream, the carriers restrict the features available on your phone. They control the billing for add-ons, and most companies selling ringtones and games are so new that they need the carriers' help to gain a foothold...

Author: /time Magazine | Title: The iPhone Dials Up the Competition | 6/21/2007 | See Source »

...this new wave of mobile start-ups is finding ways to release consumers from the carriers' grip--by using the Web to get around carrier control and by training users to switch carriers for better add-ons. Other new services, though, still rely on the carriers because they are installed on phones or piggyback on the carriers' networks...

Author: /time Magazine | Title: The iPhone Dials Up the Competition | 6/21/2007 | See Source »

...mobile-phone companies insist they have been responsive to consumer demands. They have bolstered their networks for better coverage, improved call quality by searching for and fixing dead spots, and made it easier to download ringtones and other add-ons. "There has probably been more change in the way phones operate in the past three years than in the 10 years prior," says Carlton Hill, a vice president...

Author: /time Magazine | Title: The iPhone Dials Up the Competition | 6/21/2007 | See Source »

...tighten border security. That could spur U.N. Secretary-General Ban Ki Moon to recommend dispatching a U.N. observer mission to monitor the porous frontier. Such a decision will anger Damascus, which has repeatedly stated its opposition to an international presence along its border with Lebanon. It will further add pressure on the Palestinian bases, which are linked to Syria via numerous remote trails that criss-cross the mountainous border. The Lebanese army tightened control over the bases 18 months ago, manning checkpoints on the approach roads and monitoring movements of the Palestinian militants. A corner of southeast Lebanon near...

Author: /time Magazine | Title: Lebanon's Troublesome Camps | 6/15/2007 | See Source »

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