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...infected other parts of Sri Lankan society. The country has high rates of domestic violence and alcoholism. The suicide rate, especially among Sri Lanka's young, is one of the worst in Asia. The fighting and threat of suicide bombings means many children miss long periods of school. Cell phones have turbocharged Sri Lanka's rumor mill and kids are yanked from classes at even the whiff of potential trouble. Many of those who do well in school end up leaving the country for opportunities abroad...

Author: /time Magazine | Title: Endless War | 4/5/2007 | See Source »

Part of the appeal no doubt rests in the brevity of Keret's surreal snapshots of Israel's intifadeh generations ("Just enough to read between leaving your cell and getting stopped in the showers," is how he puts it). There is also the way that his very short stories - there are 46 in Missing Kissinger, in just 211 pages - lend themselves to lengthy bouts of reflection...

Author: /time Magazine | Title: Surreal Israel. Etgar Keret's stories plumb the strange side of the Holy Land | 4/3/2007 | See Source »

...First, each time customers access their account by phone, they must enter a six-digit personal identification number (PIN). Second, no personal data, including account numbers, are ever stored on the phone. And finally, all information sent between the phone and the bank has 128-bit encryption. While a cell phone virus could still circumvent such security in theory, it has yet to happen even in countries where mobile banking is already widely used...

Author: /time Magazine | Title: Banking Goes Mobile | 4/2/2007 | See Source »

...Available for more than two years in Japan and much of Europe, cell-phone banking has been slow to catch on in the U.S., in part because of lack of interest. Wells Fargo shuttered its mobile banking offering in 2002 after only 2500 people had signed up over 18 months. (It plans to launch a new service later this year.) A recent study by Forrester Research found that only 10% of Americans said they would consider mobile banking, versus the 35% or so who already bank online. "It's hard to motivate someone to download something on their phone...

Author: /time Magazine | Title: Banking Goes Mobile | 4/2/2007 | See Source »

...Once mobile banking catches on, it's likely to pave the way for even more electronic-wallet services like making purchases at department stores, supermarkets and even vending machines. "This is just the first step of making Americans comfortable with using their cell phones as financial instruments," says analyst Entner. To take that next step, phone makers must embed a chip capable of near-field communication (NFC) that will work with special readers in stores, exactly like the contact-less credit and debit cards that are now available. Both Visa and MasterCard have trials under way, but have...

Author: /time Magazine | Title: Banking Goes Mobile | 4/2/2007 | See Source »

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