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...less religious banking customers, at a profit. "That's another $20 million mobilized in the economic cycle of the country," says Dayani. "People are coming who have never seen a bank before. They are pulling their money from under the floorboards and we are putting it into circulation through loans." But the ADB's Fazil worries that the system is unstable: Afghanistan's banking sector is largely unregulated, and loan officers have little experience in assessing the risks of business lending. "If the private sector goes bankrupt, [Afghanistan's private banks] will go bankrupt," he says, "and the public, with...

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

...college, their lives are set. Just get them through those four years with a diploma and your job is done. But maybe we should consider something like a six-year plan. After four years at college, encourage them to come home for two years to work off the student loan debt. Then they can pick a job they really want, and be out of your hair...

Author: /time Magazine | Title: When Grown Kids Return Home | 12/4/2006 | See Source »

...Luis Guevara, 50, is a Caracas cabbie who for decades drove wheezing, beat-up taxis because an elitist banking system denied him the kind of small business loan so desperately needed all over Latin America. Last year, under a microcredit project for wannabe capitalists created by Chavez from Venezuela's record oil windfalls, Guevara got a $15,000 loan at a reasonable interest rate; now he owns a new Chevrolet he can use to pick up fat fares at the airport. Guevara could care less what you call the policy: "It works for me whatever...

Author: /time Magazine | Title: After the 'Battle for Latin America's Soul' | 11/28/2006 | See Source »

...They got their wish. When another Madrid museum closed this fall for renovations, the Academy borrowed its guards. To celebrate, the San Fernando has reopened the third floor, and mounted a special exhibit of paintings, sculptures and photography by current Academy members. But the security team is only on loan until early January. "We don't know what happens after that," says Amezua. "We have to wait and see if the government sends us more guards." rabasf.insde.es

Author: /time Magazine | Title: Rare Art | 11/27/2006 | See Source »

...They got their wish. When another Madrid museum closed this fall for renovations, the Academy borrowed its guards. To celebrate, the San Fernando has reopened the third floor, and mounted a special exhibit of paintings, sculptures and photography by current Academy members. But the security team is only on loan until early January. "We don't know what happens after that," says Amezua. "We have to wait and see if the government sends us more guards." http://rabasf.insde.es

Author: /time Magazine | Title: Rare Art | 11/20/2006 | See Source »

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