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...rendered a dire situation worse, just as similar Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond. With all of Asia then in a state of unprecedented financial collapse, the Bank of Japan adopted a series of measures that took it into a realm where no central bank...

Author: /time Magazine | Title: It's Morning in Japan | 3/12/2006 | See Source »

...been involved in an accident. All three were then taken to a safe house where the family was threatened and Dixon forced to cooperate. After midnight, the gang took Dixon to a depot in nearby Tonbridge, run by Securitas, a company that handles about 40% of the cash deposits made in the U.K. Once inside, the gang tied up 14 staff members and started to load the loot into a white truck. It's a racing certainty they didn't know what they'd got. With big robberies, that's more common than you might suppose. In a number...

Author: /time Magazine | Title: Villainy of the Old School | 2/28/2006 | See Source »

...done in a few minutes, or with only a few people knowing what was up. As the police started to search for the gang, leads came in. Two people were detained the next day on suspicion of involvement in the crime; then a woman was arrested after trying to deposit $10,500 that appeared to have come from the Tonbridge haul at a southeast London bank. By the weekend, all three had been released on bail. But two more were arrested on Saturday, and a number of vehicles thought to have been connected to the raid were detained in Kent...

Author: /time Magazine | Title: Villainy of the Old School | 2/26/2006 | See Source »

...RETURNS With interest rates rising, bank CDs are a safe investment choice for the risk averse. A six-month CD from ETrade.com now earns 4.75% APY, one of the highest short-term CD rates nationwide. ? PayPal.com offers a money-market account with a rate of 4.38%, no minimum deposit and no withdrawal fee, but it is not FDIC insured. ? Check Bankrate.com to compare and evaluate CD and savings-account rates...

Author: /time Magazine | Title: Money: Beyond the Blue Chips | 2/5/2006 | See Source »

...have to submit a handful of forms and I.D.’s such a passport, F-1 visa, student I.D., birth certificate, and two to three proofs of current address, when just nine digits would do. Cell phone companies, for example, require an absurd amount of deposit in addition to a number of papers in place of a SSN. I got my phone after depositing $400 to Verizon Wireless.Furthermore, credit card companies check a person’s credit based entirely on his or her SSN. People without a SSN are thus without credit and do not qualify...

Author: By June Hwang, | Title: Social Insecurity Number | 12/15/2005 | See Source »

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