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...long ago, telling of absenteeism and desertion from the ranks, and the scarcity of officers. Most of the Iraqi battalions in the surge are woefully undermanned, he said. Nonetheless, Dempsey maintained that the Iraqis would be "capable of taking over security in Iraq soon." Tellingly, he declined to offer a date...

Author: /time Magazine | Title: Insecurity Forces | 6/14/2007 | See Source »

...looking to expand around the world. But buying or building enough branches to break into mature markets like the U.S. would be hugely expensive. So the company decided to run an experiment, communicating with customers only by phone, mail and the Internet. With the money saved, ING Direct could offer a significantly higher interest rate on savings accounts, a handy way to collect customers from conventional banks...

Author: /time Magazine | Title: ING Direct's Man on a Mission | 6/14/2007 | See Source »

...signing up each month. "Before it was a curiosity, but now banks look at the outflow of accounts to ING Direct, and they're reacting," says Alenka Grealish, managing director of the banking group at consultancy Celent. Citibank, HSBC, Capital One, E-Trade and Emigrant Bank are among those offering no-fee, no-minimum-balance Web-only accounts with well-above-average interest rates. Many even offer rates higher than ING Direct's. Kuhlmann's response: "Knock yourself out." So far, new-account growth at ING Direct hasn't slowed, and the 3% of accounts closed each year is below...

Author: /time Magazine | Title: ING Direct's Man on a Mission | 6/14/2007 | See Source »

...cocooning era, is now dominated by what it calls "Property Buzz" shows: series about buying and selling homes, which now make up six of the channel's 10 highest-rated shows. Shows like Secrets That Sell!, Designed to Sell, Bought & Sold, Get It Sold--notice a pattern?--offer a guide to tapping, Jed Clampett--style, the gusher of wealth sitting under your property. "What will people do to sell?" asks the intro of Buy Me. "How far will buyers...

Author: /time Magazine | Title: Home Economics on TV | 6/14/2007 | See Source »

...blame us for it? Social Security is endangered. Job security is a quaint memory. Upward social mobility is failing. (A new study by the Economic Mobility Project finds that American men in their 30s are worse off financially than their fathers.) Real estate may not offer double-digit returns anymore, but it does offer an atavistic promise of security, a nest egg embodied in Sheetrock that you can touch and dirt that can't be outsourced to Mumbai. Property fever is in our blood: this country made its fortune in sweet real estate deals--a Louisiana Purchase here...

Author: /time Magazine | Title: Home Economics on TV | 6/14/2007 | See Source »

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