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...interest margin - a measure of profit - fall in the third quarter compared with a year ago, according to the Federal Deposit Insurance Corporation. "After you pay your stockholders and employees, maintain your capital ratio and fund your growth, it gets pretty tight," says Mike Menzies, president and CEO of Easton Bank & Trust in Easton, Md. (See pictures of the recession...

Author: /time Magazine | Title: The CD-Rate Scramble: Better for Depositors than for Banks | 12/8/2008 | See Source »

Banks looking to invest the money they raise through deposit-gathering are finding that the numbers barely work at all. Easton Bank's Menzies, for example, recently lost a bid to get $5 million in cash from a local government in exchange for the bank's issuing the government a one-year CD. The winning bidder agreed to pay the government 3.72%. Menzies had offered 2.69%, which he considered a high rate, one that probably would have netted him just a 0.04- or 0.05-percentage-point profit after he rolled the money into an investment like a Fannie Mae mortgage...

Author: /time Magazine | Title: The CD-Rate Scramble: Better for Depositors than for Banks | 12/8/2008 | See Source »

...Your Eyes Only," Sheena Easton A truly horrible song by any measure - except the Bond theme measure. Easton crams in the lyrical double entendres just in case we forget we're at the peak of the Roger Moore era and never misses an opportunity to overemote. To hear Easton sing it, James Bond isn't just keeping the world safe from baddies; he's keeping our hearts safe...

Author: /time Magazine | Title: The Art (and Business) of the James Bond Theme Song | 11/13/2008 | See Source »

...actually won by Bush. To cite the phrase that he himself found so difficult to utter: Fooled us once, shame on them. But the second time around, shame on us. W. should be required viewing in every political-science class in the country. Linda Calcagno Melchione, Easton, Mass...

Author: /time Magazine | Title: Inbox | 11/13/2008 | See Source »

...actually won by Bush. To cite the phrase that he himself found so difficult to utter: Fooled us once, shame on them. But the second time around, shame on us. W. should be required viewing in every political-science class in the country. Linda Calcagno Melchione, EASTON, MASS...

Author: /time Magazine | Title: Battling Election Day Glitches | 11/12/2008 | See Source »

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