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...ripple effects of rising interest rates could hit your investment portfolio. "Appraisers, mortgage bankers and title-insurance companies are all feeling the brunt of a pretty dramatic slowdown," says Stuart Hoffman, chief economist for PNC Financial Services Group. Hoffman suggests shifting those investing dollars toward stronger parts of the sector, such as the home-renovation and appliance industries. The National Association of Home Builders estimates that homeowners will spend $238 billion on renovations this year, a 13.2% jump from...

Author: /time Magazine | Title: Mortgage Mess | 5/10/2006 | See Source »

...Amtrak is privatized, the current, rather pathetic, state of train service in the U.S. soon will be a thing of the past. With private investment—and private sector standards of efficiency—Amtrak will finally be able to compete with planes on prices, reliability, service, and, over shorter distances, time...

Author: By Emily C. Ingram | Title: Plane Pain | 5/10/2006 | See Source »

...purpose, and any number of children get their grades based on these submissions. The practice is particularly rampant among offspring of “chosen ones”—politicians and employees of giant state-owned corporations, high-profile government officials, and figures at prestigious public sector institutions. Gradually, there has been a drastic decline in moral values in India to the point where no value is attached for originality or creativity. Naturally, every other movie produced in India is an unabashed rehash of a Hollywood chart buster. Complete sequences are lifted with no semblance of any acknowledgment...

Author: By Sampathkumar Iyangar, CONTRIBUTING WRITER | Title: Sophomore's Plagiarism Indicative of Cultural Trend | 5/8/2006 | See Source »

...pull in about $1.4 billion in annual sales and represent $450 million in purchasing power--so its members get the clout and volume prices previously reserved for the big boys. Last month Luria signed a contract with Avendra, the top U.S. group-purchasing company in the restaurant-and-hotel sector, to get members lower prices on food and supply contracts as well as consulting advice on how to run their businesses more efficiently. The help may not reverse the chain-restaurant juggernaut, but it gives small restaurants a fighting chance. Even before the Avendra deal, many chapters had developed their...

Author: /time Magazine | Title: Change Agent: Eateries, Unite | 5/7/2006 | See Source »

...continent's two economic powers are not only Bolivia's sole natural gas markets but among its biggest energy investors as well. "Foreign energy companies got very sweet deals when Bolivias energy sector was privatized in the 1990s, and many Bolivians feel they were screwed," says David Mares, a political science professor at the University of California-San Diego and an expert on Latin American energy issues. "But in the end, Morales needs a lot of capital to make this work - which means he needs Brazil and Argentina more than they need him. He's going to have to make...

Author: /time Magazine | Title: Will Bolivia's Move Make Chavez Leader of the Pack? | 5/5/2006 | See Source »

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