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...return to democratic rule, is believed to have stolen more than $4 billion. Just last week a leaked imf report found that $4 billion has disappeared from Angola's budget over the past five years. In Chad, the government spent $4.5 million of an initial $25 million World Bank payment on arms to prosecute a war against northern secessionists. Environmentalists worry that massive infrastructure projects like the Chad-Cameroon pipeline will destroy sensitive rain forests. Critics also fear that the oil windfall will help prop up dictators. In Equatorial Guinea, the ruling party and its leader, President Teodoro Obiang Nguema...

Author: /time Magazine | Title: Black Gold | 10/20/2002 | See Source »

ONLINE BILL PAYMENT Going through your bank's Web-based billing service is the most convenient way to make payments that are different each time. The catch is that there's sometimes a monthly fee of $7 to $11. But most large banks waive the fee for the first six months or for customers who maintain joint balances of about $5,000, according to CheckFree, the largest behind-the-scenes provider of home-banking technology. Bank of America and Citigroup are among a handful of major banks that have made online bill payment free for everyone...

Author: /time Magazine | Title: The Check Is in the Mail. Not! | 10/14/2002 | See Source »

Lowering out-of-pocket costs is a big draw for cross-border patients who can see doctors in Mexico. A typical Health Net co-payment that costs $15 in the U.S. will cost $5 with a Mexican provider, says Ana Andrade, an associate vice president for Health Net of California. But it's not all about economics. The plans' mostly Latino members are also attracted by doctors who speak Spanish and who generally spend more time consulting with patients than do their U.S. counterparts. "The service is warm and empathetic," says Eduardo Pesqueira, a director of economic development for Mexico...

Author: /time Magazine | Title: HEALTH INSURANCE: Doctors Without Borders | 10/14/2002 | See Source »

...employers are concerned, we see no end in sight. In the prior five years, employers' share of health-care costs have been rising compared with consumers'. Employers will be increasing not only cost sharing in the premium paid each month but in every possible way, with either a co-payment or co-insurance...

Author: /time Magazine | Title: Board of Economists: Business, Heal Thyself | 10/14/2002 | See Source »

...July, the company had to fight off a Chinese media report which claimed its financial statements were unreliable. At the time, Greencool said that certain parts of the report were untrue, but didn't elaborate. In March, the Hong Kong Stock Exchange questioned the company about a large advance payment made to its sole supplier, controlled by Greencool chairman and founder Gu Chu-jun. Regulators wanted to know "whether the transactions were conducted on normal commercial terms," according to a company statement. No action has been taken, although a spokeswoman for the Hong Kong exchange says it is "still reserving...

Author: /time Magazine | Title: China's P-Chip Puzzle | 10/14/2002 | See Source »

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