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...ball is now in TD Ameritrade's court, a firm that has been gaining market share in recent years, with its flat $9.99 fee. In 2009, TD Ameritrade's daily average revenue [producing] trades rose 17% while Schwab's fell 2%, said Michael Hecht, an analyst at JMP Securities, in a recent note. "We were the one shop that had simple, straightforward, transparent pricing - one price point for all clients and there's no gimmick to it," says Tomczyk. "Clients don't like it when think they have one price and wind up getting nickeled and dimed to death...

Author: /time Magazine | Title: Brokers Wage a Price War on Commissions | 2/16/2010 | See Source »

...when unemployment exceeds 10%, the GOP can elect a Senator in Massachusetts. But what happens when the economy returns to more normal conditions? The Republicans' recent electoral successes do not overcome 20 years of GOP difficulty appealing to women, young people and the college-educated. It wins elections by accumulating a huge supermajority in one demographic: whites, especially white men, who are not poor but who have not finished college. That's a big slice of America, but it's a shrinking slice...

Author: /time Magazine | Title: Republicans Must Embrace the Vital Center | 2/15/2010 | See Source »

...decrepit Midwestern river town to relocate his business to when he saw Cairo on the map. "I grew up by the Ohio River," he says. "The more I read about the town's history, the more intrigued I got." Like the urban homesteaders who have set up shop in recent years in economically depressed areas of Detroit and Pittsburgh, Pa., Johnston came to Cairo in pursuit of dirt-cheap property and with an altruistic sense of purpose. "In all the cool places I've lived - Bloomington, Gainesville, Olympia - I felt like I could add to the community but not affect...

Author: /time Magazine | Title: Trying to Revitalize a Dying Small Town | 2/15/2010 | See Source »

...Lawthers doesn't regret letting her son luge; she trusts his skills, and talks about how he's received a rare chance to travel the globe pursuing his passion. But she's angry that the Olympic track designers have been pushing the limits in recent years, and did not install protective walls around the tricky final turn until after the tragedy. "This should not have happened," Lawthers says. "You know that a track can injure your son. You don't think it can kill him. I so feel for his mother. She thought she was sending...

Author: /time Magazine | Title: Still Fear — and Loathing — at the Luge Track | 2/15/2010 | See Source »

Kishenji, a top Maoist leader in the area, claimed responsibility for the attack in a call to a local television station. He said it was in retaliation for a recent security crackdown against the rebels...

Author: /time Magazine | Title: Maoists Kill 24 Police in East India | 2/15/2010 | See Source »

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