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...cost of banking services would decline, and consumers would say, 'This is great.'" Wal-Mart would also be in a good position to reach the 10 million households in the U.S. that don't use a bank account, says John Caskey, a professor of economics at Swarthmore and expert on the "unbanked." The company has already punctured the high cost of check cashing, which hits the unbanked hardest, by offering the service in its stores. Caskey says that with the right mix of low-cost services--bill payment, money orders, check cashing and basic savings accounts--Wal-Mart could serve...

Author: /time Magazine | Title: Wal-Mart's Bank Shot | 4/17/2006 | See Source »

...commend TIME for the forum of views on the Iraq war, "Was It Worth It?" [March 27]. While the question may not have immediate relevance to our policy options in Iraq, it provides an important framework to evaluate future actions. I was disturbed, however, that none of the experts you gathered weighed the cost of the war abroad against investments at home. Had the U.S. taken the billions of dollars spent on the war and instead invested in a moon-shot-style program to gain energy independence, would such a war even have been necessary? What about investments in education...

Author: /time Magazine | Title: Letters | 4/17/2006 | See Source »

...vocational-technical schools worldwide, which deflate the myth that Opus serves only the rich. But very few of the schools and hospitals are legally owned by Opus, which admits only to providing "doctrinal and spiritual formation." It is a tribute to the persistence of Allen and his financial expert, Joseph Harris, that they determined that at least in the U.S., Opus proper enjoys a minimum of "dual control" over them by placing members on their boards...

Author: /time Magazine | Title: The Ways of Opus Dei | 4/16/2006 | See Source »

...issues." Of course, you don't have to be Opus to oppose abortion, euthanasia or gay marriage. But the prelature, with an office on the capital's lobbyist-laden K Street, can act as a kind of validator to a broader spectrum of traditionalists. Scott Appleby, a Catholic history expert at Notre Dame, estimates that through programs for nonmembers and the articulate piety of its members, Opus Dei informs "about a million conservative Catholics." That's just 1.5% of the 67 million Catholics nationally, but it's a trove of motivated voters a politician can love, and may explain...

Author: /time Magazine | Title: The Ways of Opus Dei | 4/16/2006 | See Source »

...brings valuable retail expertise. She is winning kudos for turning around WH Smith, which was headed for major losses when she took over in late 2003. "Kate Swann, who has the CEO experience that boards want and is a woman, is a very attractive candidate," said Constance Bagley, an expert on Britain and corporate governance at Harvard. And worth the wait...

Author: /time Magazine | Title: People to Watch In International Business | 4/16/2006 | See Source »

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