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...This broad rollout of low-priced check-cashing and debit cards marks a milestone for the millions of "unbanked" Americans who have long had to pay rates as high as 10% of the face value of their paychecks in order to cash them and then pay cash for every single purchase they make because they do not qualify for a credit card or checking account. "These are our core customers. We probably have more than others of this underserved customer," says Jane Thompson, president of Wal-Mart Financial Services, who notes that the average check-cashing customer at Wal-Mart...

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

...demand in new and expanding luxury markets, such as Dubai, India and parts of China. They're perfectly in keeping with another trend: global warming and the desire for lighter clothes. "From the Sun Belt to the global-warming issue, [resort wear] has evolved to reach a very broad audience," says Gucci CEO Mark Lee. "If you look at the items offered in the collection, there is a complete spectrum, from summer-weight suits to leather pieces...

Author: /time Magazine | Title: The Third Season | 6/21/2007 | See Source »

...Still, not all of Yahoo's efforts fared as poorly as Semel's entertainment strategy. Its photo, email, travel and mobile offerings have proved popular and have been successful audience-builders. But Yahoo's broad array of assets have proved difficult to manage, prompting the so-called Peanut Butter Manifesto last year, in which senior VP Brad Garlinghouse argued that Yahoo! was spreading itself too thin. And now that Yahoo has created a precedent in shedding Yahoo! Photos in favor of Flickr, it may cut down further on other businesses to focus on its core offerings...

Author: /time Magazine | Title: Yahoo Goes Back to Square One | 6/19/2007 | See Source »

...order to provide more cover for moderate Democrats, Pelosi is considering separate passage for two other pieces of the bill: a guest worker program, and the provisions beefing up border security. This gives representatives like Shuler the opportunity to vote for border security, which has broad support. The Senate legislation would double the border patrol, and provides billions in funding for additional fencing and border technology. It would also start the guest worker program - which would grant 400,000 two-year visas to workers looking for U.S. employment - only after all of the border security fixes have been implemented...

Author: /time Magazine | Title: Reluctant Dems on Immigration Reform | 6/19/2007 | See Source »

...employers, it's not easy reserving jobs for workers called to active duty. But Congress judged that the cost was worth the peace of mind of citizen soldiers, willing to sacrifice their time and perhaps lives to the military. Like predecessor statutes dating from 1940, the 1994 act's broad protections rest on the promise of a federal jury trial--with rights to evidence, a fair hearing and an appeal--if an employer fails to comply...

Author: /time Magazine | Title: The Veterans' Enemy at Home | 6/14/2007 | See Source »

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