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...usually with exorbitant interest rates - to help Kenyans buy shares. Poor people who didn't even have bank accounts complained about a minimum investment requirement of 10,000 shillings (just over $150). And on the first day of the IPO, thousands of people lined up in downtown Nairobi to snap up shares. It was perhaps most emblematic that one Kenyan newspaper the Daily Nation, referred to potential investors as "punters," as if by buying Safaricom shares they were betting on a racehorse, or a particularly promising poker hand. "There has been a lot of education, people are now aware...

Author: /time Magazine | Title: Kenya's Mobile Gold Mine | 4/2/2008 | See Source »

...drove across the bridge spanning Lake Pontchartrain, passing the recently rebuilt levees on our way to the Lower Ninth Ward. Debris on the shore stretched inland for hundreds of yards before giving way to rows of houses—if they could still be called that. Roofs snapped in two rested precariously above splintered and warped planks of wood. Tacked-up plastic sheets covered some of the holes where windows and doors had once been; others were left open to the elements. Behind a rusty chain-link fence, an old church stood in cross-section, exposing its soul...

Author: By Jessica A. Sequeira | Title: Postcard from New Orleans | 3/31/2008 | See Source »

...this is a snap shot,” he said. “If it blows up...if the calm of today is replaced by a storm of renewed suicide bombings and civil war in the next six months it will be a big, big story...

Author: By Abby D. Phillip, CRIMSON STAFF WRITER | Title: Words From the Front | 3/18/2008 | See Source »

...Someone shows up and gives you one before the election, and you can keep it if you come back with a photo on this new, shiny handset showing your ballot marked for the right candidate. The phones, which are worth about $75 apiece, are even conveniently set up to snap the pictures silently. The fluctuating value of a vote seems to have returned to its level in the 1950s, when the businessman-mayor of Naples, Achille Lauro, offered packs of pasta and a new left shoe before an election. The right shoe could be collected afterward upon proof that...

Author: /time Magazine | Title: Maimed by the Mob | 3/13/2008 | See Source »

...Well, the commissioner can't really make changes. He can organize the process leading to change. That's a petty answer. To give you the real answer, I'd try to do something about the game dragging in the late innings. We need to make the games snap along a little better, particularly in the late innings. There are more than six times as many pitching changes in a game now than there were two generations ago. That's a huge change in the game. And it's not a change for the better, in my view. Maybe...

Author: /time Magazine | Title: Q & A: Baseball Guru Bill James | 3/6/2008 | See Source »

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