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...House Press Secretary Tony Snow said that the $4.4 billion would be paid back to the government through the fines and penalties levied on former illegal immigrants applying for a Z-visa, the first step in the process of obtaining legal residency. Snow characterized the funding as "a direct deposit right now on border security, a surge toward the border of people and technology...

Author: /time Magazine | Title: New Life for Immigration Reform | 6/14/2007 | See Source »

Each time a migraine occurs, Welch and others have found, the periaqueductal gray matter fills with oxygen, which triggers chemical reactions that deposit iron in that section of the brain. As the iron builds up, the brain's ability to block out pain decreases. That may explain why many migraineurs become more sensitive to pain with each episode...

Author: /time Magazine | Title: The New Science of Headaches | 5/8/2007 | See Source »

...Multinational bankers are upbeat about their prospects because there is plenty of low-hanging fruit in this woefully underdeveloped market. Vietnam, which is modernizing parts of its communist economy through China-style free-market reforms, has no credit bureau and only a rudimentary system of deposit insurance. Consumer lending is nearly nonexistent. Banking has been dominated by five state-owned institutions-including the largest, the Agriculture and Rural Development Bank (Agribank)-which traditionally focused on financing large, government-owned factories and other enterprises. The country's burgeoning private businesses were virtually ignored. Because of these factors, "You have a pent...

Author: /time Magazine | Title: Open Season | 4/19/2007 | See Source »

...Indeed, deposits are currently growing at rates unheard of in more mature economies. Out of a total of 7 million bank accounts held by Vietnamese, 6 million were opened in just the past two years. Up to now, the biggest beneficiaries have been Vietnam's 34 small private banks such as Sacombank that, unlike the state-owned banks, are relatively unburdened by government directives aimed at managing the economy. Catering to individual depositors and small-business borrowers, private lenders have powered much of the industry's recent growth. Among their target customers are people like Nguyen Thi Tuyet. Four years...

Author: /time Magazine | Title: Open Season | 4/19/2007 | See Source »

...Governments and law enforcement agencies don't view the snakehead's activities so favorably. Illegal immigrants have little recourse should the snakehead make off with their deposit, and are vulnerable to Dickensian conditions in the places where they must work long hours to pay off their debt. Knowing the snakehead or his family personally diminishes such risks, and most Fujianese migrants are only one degree removed from the person they will pay to get them abroad. "This isn't like cocaine, where there's one boss in Colombia who directs the whole business," says Frank Pieke, the director...

Author: /time Magazine | Title: Dreams of Leaving | 4/12/2007 | See Source »

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