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...bill could well hinge on tiny provisions that members want to see removed or modified. Nelson is already opposing Obama's budget because of education provisions that would end federal support for private student loans and divert the money into grants. NelNet, a private student-loan company in Lincoln, Neb., employs 1,000 people and could go out of business if the budget is enacted as Obama envisions it, Nelson points out. "I think it'd be the wrong direction for people to outsource jobs from Lincoln, Neb., to Washington, D.C. It'd be pretty hard for me to vote...

Author: /time Magazine | Title: Can Obama Keep Moderate Dems in Line on His Budget? | 3/11/2009 | See Source »

...Another trend: a creeping problem in the Midwest. It's true that property markets never went wild in Des Moines, Iowa, or Omaha, Neb., the way they did in Merced, Calif., and Fort Myers, Fla., but this means even modest declines in home values can erase equity, especially for recent buyers who have less of a cushion against falling prices. In Iowa, 18.6% of homeowners have negative equity; in Nebraska the figure is 16.6% (both jumped more than three percentage points from September). (See pictures of struggling Cleveland...

Author: /time Magazine | Title: Nearly 1 in 5 Owe More Than Homes Are Worth | 3/4/2009 | See Source »

Since 2008 Grameen has collected 1,700 borrowers in New York City, and last June it opened a second branch in Omaha, Neb. Other cities in its sights include San Francisco, Boston and Charlotte, N.C. - anywhere local businesspeople raise seed capital and a bank will host low-cost savings accounts for borrowers with just a few dollars, since savings are a key part of the Grameen philosophy. "There are whole populations that aren't being reached by the banking sector," says Bob Annibale, director of microfinance at Citibank, which partners with Grameen in New York. Like other financial giants, Citi...

Author: /time Magazine | Title: Can Microfinance Make It in America? | 1/11/2009 | See Source »

...that's what they like to do," says 34-year-old fashion designer Thakoon Panichgul. Born in Bangkok, Panichgul?who extends his collection this month with a secondary line available at Barneys New York, Dover Street Market, London, and Lane Crawford, Hong Kong?moved with his family to Omaha, Neb., at age 11, where early glimpses of fashion magazines and the Roman Polanski film Rosemary's Baby made living in the city one day "something I had to do," he says. "Looking at New York in that way, so beautiful and so kind of surreal?Bangkok doesn't look like...

Author: /time Magazine | Title: New York City | 12/2/2008 | See Source »

...corn has fallen at least 50% since its peak. Revising the bill is a good idea, but in doing so, we must realize that we will make food more expensive, since some farms will go broke. Sometimes these issues aren't so black and white. Matthew Bernhardt, LINCOLN, NEB...

Author: /time Magazine | Title: Capturing the Moment | 11/27/2008 | See Source »

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