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...Some analysts have speculated that the deal conveniently earns BofA the political goodwill it will need if it ever wants to expand its consumer-banking business. (The bank already holds close to the federal limit of 10% of the nation's deposits.) Lewis says his motivation is much more straightforward: to complete his vision of a truly national bank serving every financial need that any American might have, by adding the one missing piece - mortgages...

Author: /time Magazine | Title: The Savior of Countrywide? | 1/17/2008 | See Source »

...transition to the things he really cared about?cutting government spending and global warming. If the government weren't spending "$233 million on a bridge to nowhere in Alaska," he would say, the money could be used for retraining programs for displaced workers. If the government decided to limit carbon emissions and reduce our dependence on foreign oil, new technologies would create a wave of jobs for the auto industry...

Author: /time Magazine | Title: The Gladiator Problem | 1/17/2008 | See Source »

...driven to mate a lot. On the other hand, we want to mate well so that our offspring survive. If you're a female, you get only a few rolls of the reproductive dice in a lifetime. If you're a male, your freedom to conceive is limited only by the availability of willing partners, but the demands of providing for too big a brood are a powerful incentive to limit your pairings to the female who will give you just a few strong young. For that reason, no sooner do we reach sexual maturity than we learn to look...

Author: /time Magazine | Title: The Science of Romance: Why We Love | 1/17/2008 | See Source »

...KFCs and Pizza Huts now number more than 2,300. (McDonald's has about 1,000 restaurants, not that Yum keeps track.) Sam Su, who runs Yum in China, projects 20,000 stores someday. "We're nowhere close to saturation at all," he says. "The sky is the limit...

Author: /time Magazine | Title: Kentucky Fried Rice | 1/17/2008 | See Source »

...Kenya Tourist Board; 80% of the town's residents rely on tourism for work. Mombasa is home to east Africa's largest port, and is traditionally a hub for holiday travel. But, with the decline in tourist arrivals, Kenya's national airline says that it will be forced to limit capacity on its domestic flights to cut costs. Flights from the Kenyan capital, Nairobi, to Mombasa will be reduced by 1,200 seats, according to Kenya Airways...

Author: /time Magazine | Title: Where Have All the Tourists Gone? | 1/16/2008 | See Source »

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