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...Shared bathrooms, bacheloresque cooking mishaps - it's a fitting lifestyle for a group whose official perks include, according to Wikipedia, "low-cost haircuts" and a gym membership. Also, their signature is worth as much as a stamp. (Which, come to the think of it, was the hallmark of another penny-ante House scandal of the '90s.) And as for that Congressional pin that can get you around Hill metal detectors, well, that and $2,800 can buy you a really nice dinner. It's not even much of a chick magnet; in 2003, New Jersey Representative Mike Ferguson made...

Author: /time Magazine | Title: Why Congressmen Are Such Easy Marks | 5/12/2006 | See Source »

...9/11, many financial firms, including Citigroup and J.P. Morgan Chase, moved their employees to other locations around the city and to nearby Jersey City, N.J. Government officials persuaded Goldman Sachs to erect a building near ground zero, but at a cost of more than $1.6 billion in Liberty Bonds--low-cost, tax-exempt bonds issued by the city and state governments. The city and state provided an additional $150 million in tax breaks...

Author: /time Magazine | Title: A New Blueprint | 5/8/2006 | See Source »

...loans at its usual rock-bottom prices, "the cost of banking services would decline, and consumers would say, 'This is great.'" Wal-Mart would also be in a good position to reach the 10 million households in the U.S. that don't use a bank account, says John Caskey, a professor of economics at Swarthmore and expert on the "unbanked." The company has already punctured the high cost of check cashing, which hits the unbanked hardest, by offering the service in its stores. Caskey says that with the right mix of low-cost services--bill payment, money orders, check cashing...

Author: /time Magazine | Title: Wal-Mart's Bank Shot | 4/17/2006 | See Source »

...well. Early this month, he arranged a question and answer session through his website, where anyone from across the country could ask him questions. Getting visitors to campaign websites like Feingold's (progressivepatriotsfund.com) is important; people who visit give their e-mail addresses, and e-mail lists are a low-cost way to raise money in presidential campaign, as Dean proved in the last election...

Author: /time Magazine | Title: Capitol Letter: The Senate's Presidential Primary | 3/22/2006 | See Source »

...half the size of its Asian rival. In the longer term, he thinks, China will also have the edge in income per head. In the short term, too, O'Neill sees the Chinese influencing Indian policy through their example of growth led by massive quantities of investment and booming low-cost exports. "The threat of China is doing some good," O'Neill said. He pointed out that India has been changing its domestic rules in a bid to attract more foreign investment, a tactic which he labels "a direct product of being envious of how much investment China is getting...

Author: /time Magazine | Title: Looking Eastward | 1/28/2006 | See Source »

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