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...Seeing the name of Peterson's farm on the underside of an onion in the grocery store, the group made him an unusual business proposal: For a set rate, these Chicagoans would fund Peterson's operation, and in exchange, he would keep them stocked with fresh food through the harvest season. Within a few years, Peterson was not only back on his feet, but had attracted hundreds of interested shareholders, all intent on saving his farm...

Author: /time Magazine | Title: The Al Gore of Community Farming | 6/21/2007 | See Source »

...Wednesday, the nation's largest retailer unveiled plans to open 1,000 in-store MoneyCenters aimed at serving the 40 million or so people without traditional bank accounts. The main draw at the centers, which will be in about a quarter of all Wal-Mart stores by the end of 2008, is the cashing of government and printed payroll checks for the bargain price of $3 a pop. The retailer is also debuting a reloadable, prepaid Visa debit card that does not require a bank account or proof of U.S. citizenship...

Author: /time Magazine | Title: Wal-Mart's Unbanking Business | 6/21/2007 | See Source »

...move would put them out of business, Wal-Mart's new Money Centers and MoneyCards are giving them a significant foothold in the financial services industry. The centers currently offer money orders, bill payment and phone cards in a newly designated space painted a bright, "firefly gold" in each store. Because the counters are open from 7 a.m. to 9 p.m. seven days a week, they are as quick and convenient as anything but 24-hour check cashers. The $3 check-cashing fee is far lower than the average 1% to 3% charged by regular check cashers, and the Visa...

Author: /time Magazine | Title: Wal-Mart's Unbanking Business | 6/21/2007 | See Source »

...subsidies continue, and corn-derived snacks and Cokes are so cheap and convenient that, as University of Washington epidemiologist Adam Drewnowski argues, it's perfectly rational, on a dollar-per-calorie basis, to buy them. (Fresh fruits and vegetables aren't subsidized, and by nature they cost more to store and ship.) Drewnowski estimates it would cost 100 times as much to get the same amount of energy from fresh raspberries as from a typical packet of cookies...

Author: /time Magazine | Title: The Rising Costs of Food | 6/21/2007 | See Source »

Among the firefighters who charged into a burning furniture store in Charleston, S.C., on June 18 were veterans with decades of knowledge. They sized up the visible evidence and concluded they could rescue trapped employees and beat down the blaze...

Author: /time Magazine | Title: Courage Under Fire | 6/21/2007 | See Source »

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