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Carl Hughes is a banker in Marion, Ohio, the sort of guy who takes the pillar-of-the-community part of the program seriously. Last spring, he attended a meeting for people in town with health-insurance problems, called by Ohio's Democratic governor, Ted Strickland. "It was very emotional," Hughes remembered, "very upsetting." And so Hughes decided to pay for the insurance of the three families who seemed most desperate. "You want to see this problem fixed on the national level, but sometimes immediate action is needed," Hughes told me during a Sunday-morning visit to a pancake house...

Author: /time Magazine | Title: As Ohio Goes | 2/27/2008 | See Source »

...free Raśl to do a lot more than he could in the provisional role," says Brian Latell, a Cuba expert at the University of Miami and author of After Fidel. "Now I think we'll see significant changes, not just in style but in policy." Bernardo Benes, a Miami banker and prominent Cuban exile who played soccer with Raśl at the University of Havana and was an emissary to Cuba for Presidents Jimmy Carter and Ronald Reagan, agrees: "I do expect him to free himself from the image of his older brother. I expect...

Author: /time Magazine | Title: Cuba's Chance | 2/21/2008 | See Source »

...verdict is still out, however, on whether even the proposed changes will curb our addiction to plastic. One banker told TIME that a byproduct of a recession is that people charge more and don't pay it off, increasing their balances. Another is that it gives a bank that is ready for recession the opportunity to win share from the unprepared. Those might offset whatever pain the prospect of more regulation will bring...

Author: /time Magazine | Title: Exposing the Credit-Card Fine Print | 2/21/2008 | See Source »

Roger Agnelli, a 48-year-old investment banker, became CEO in 2001. He inherited a company whose historic strength lay deep in the Amazon, in the massive iron-ore deposits of Carajas. Iron ore then accounted for 75% of Vale's revenues, and Agnelli's first move was to consolidate domestically, by selling off peripheral holdings in paper and forestry (Agnelli's family business) and using the proceeds to swallow eight rival firms. This gave the company new reserves and more sway over prices to the domestic steel industry, just before the commodities boom really kicked off in 2003 with...

Author: /time Magazine | Title: Brazil's Behemoth | 2/21/2008 | See Source »

...what does eating potato chips have to do with our larger, more important life decisions? Consider the choice to marry one sweetheart over another. If you pick the genial, down-to-earth banker, will you forever regret letting go of that free-spirited artist who loves traveling as much as you? Probably not. The very fact that you'll be living with - and experiencing - one spouse and not the other means that the passed-over option will quickly fade in your mind. "The people you don't marry don't move in with you," says Gilbert...

Author: /time Magazine | Title: Can You Predict Happiness? | 2/19/2008 | See Source »

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