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...users. Today that company, Safaricom, has more than 10 million. The company has done it by finding creative ways to serve low-income Kenyans. Its customers are charged by the second rather than by the minute, for example, which keeps down the cost. Safaricom is making a profit, and it's making a difference. Farmers use their cell phones to find the best prices in nearby markets. A number of innovative uses for cell phones are emerging. Already many Kenyans use them to store cash (via a kind of electronic money) and transfer funds. If you have to carry money...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...were too many folks here who were totally irresponsible as buyers and shouldn't be able to take advantage of this process." He agrees, for example, with a stipulation in the new bill that defaulting homeowners who get bailed out must return all or a significant portion of any profit they make on the subsequent sale of their house to the federal government. But he also stresses that one of the things he hopes the city can do with the federal aid is reform the reckless culture of home-buying by setting up tools like lender databases and buyer workshops...

Author: /time Magazine | Title: Foreclosure Rescue: Who Gets Help | 7/28/2008 | See Source »

...Negotiating peace in Yemen can be lethal. Since 1997, when Marwani founded his non-profit organization to work against gun violence and revenge killing, 15 of his volunteers have been killed - most of them caught in the crossfire of tribal battles. Government officials estimate that there are around 60 million guns in the region - three for every person. "A poor man will save on food, just to buy a gun," says Marwani. "A man in Yemen without arms has no value...

Author: /time Magazine | Title: 'If You Kill All the Christians ...' | 7/25/2008 | See Source »

...arms-technology deals. . According to the Begin aide, Eisenberg bought the military technology from Israel's defense industries and sold it to China for whatever he could get. Eisenberg's office says he made only nominal commissions, but in parts of Asia he was known for the high profits he made on deals. In any case, says the Begin aide, ''he made a lot of money out of it, but he also helped the Israeli military industry.'' Since 1979, Israeli security officials say, the country has sold China $3.5 billion worth of arms components and technology -- not finished weapons...

Author: /time Magazine | Title: ISRAEL'S SECRET WEAPON | 7/21/2008 | See Source »

...feeling that we are breaching a psychological barrier.'' If so, winning the breach has cost plenty. In order to woo back nervous travelers concerned about Arab terrorism, Soviet radioactive fallout and the declining U.S. dollar, airlines were engaging in extraordinary gimmicks and severely cutting their prices and profit margins. In the forefront of the European scramble to recover American business is British Airways. BA has waged a $6 million promotion campaign called ''Go for it, America'' to win back U.S. travelers. That effort reached a climax of sorts last week when 5,791 American winners of a BA sweepstakes were...

Author: /time Magazine | Title: INTO THE BREACH U.S. tourists return to Europe | 7/21/2008 | See Source »

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