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...when they opened in June. Islamic law prohibits the collection and payment of interest, making it difficult for banks to attract deposits from devout Muslims. Instead, Azizi launched a program they called Qismat (or "luck") Banking, in which customers opening new accounts are automatically entered in a lucky draw for cars, TVs, gold jewelry and other prizes. It may sound more like a lottery than a savings account, but no fees are charged, and customers can withdraw their money any time after three months. Since the program launched in August, Azizi has drawn $20 million in Qismat deposits alone, capital...

Author: /time Magazine | Title: Capitalism Comes to Afghanistan | 12/4/2006 | See Source »

...Support Agency are helping to build industrial parks to encourage manufacturing. A steady rise in consumer spending should also boost the economy-for nearly 30 years, Afghans have been deprived of basic consumer goods, and they are eager to catch up. President Karzai, not surprisingly, has been eager to draw attention to these rays of economic sunshine. "Whoever invested in Afghanistan in the past four years has earned a lot," he said a few months ago at a conference to attract foreign investment. "Those who invest now in the still fresh, needy, greedy market in Afghanistan will make...

Author: /time Magazine | Title: Capitalism Comes to Afghanistan | 12/4/2006 | See Source »

Billing itself as two hours of nonstop comedy, the lineup of the show included performers from both Harvard and Tufts, and—despite being held the night before the LSATs—it managed to draw close to 150 people to the Science Center, according to the society’s co-founder David W. Ingber...

Author: By Christian B. Flow, CONTRIBUTING WRITER | Title: A Night of Laughs in Science Center D | 12/4/2006 | See Source »

...ultimatums. A senior Administration official says, "Bush's plan is eventually going to call for reductions in troops. They're going to do whatever they can to get the security to a level at which it's sustainable so that at some point they can start to draw down the troop levels...

Author: /time Magazine | Title: Bush Looks for an Exit | 12/3/2006 | See Source »

...expand their audiences, papers are launching Spanish editions, free commuter dailies and glossy magazine inserts. ? By launching writer blogs and posting rough drafts of cartoons and editorials online, some editors are encouraging more community involvement. ? Gannett has announced a new "crowd-sourcing" policy, enabling editors to draw on reporting from readers...

Author: /time Magazine | Title: Extra: Newspapers Aren't Dead | 12/3/2006 | See Source »

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