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...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 over long distances - say, from the market back to your home - this kind of innovation makes a huge difference. You're less tempting to rob if you're not holding any cash...
...gaming concessions and imposed a moratorium on new casino projects, beyond those already in progress. In July, Macau's government announced it would tighten visa restrictions for mainland tourists, halving the maximum length of their stay from 14 days to seven and requiring special approval to enter Macau via Hong Kong. The Macau police said the changes would help prevent potential mainland criminals from committing crimes during their stay, but many see the move as an attempt to curtail growth in the city's gambling market. Mainland Chinese, many of them wealthy high rollers, account for 55% of Macau...
...Pragmatic objectives such as halting Palestinian rocket fire out of Gaza and recovering a kidnapped Israeli soldier being held there have prompted the Israelis to abandon their own taboo against dealing with Hamas and negotiate a cease-fire via Egypt. Those pragmatic imperatives will remain even after Olmert has left the scene, as will the ones that prompted Israel to begin negotiating with Syria via Turkey this past spring, in the hope that Damascus can be detached from Iran - something officials close to the Syrian leadership have told TIME will not happen. And the effort to press for action against...
...just north of Miami one of the state's - and one of the nation's - highest mortgage failure rates. Few places were as glad to hear that Congress this week had passed a housing relief bill that could help some 400,000 desperate homeowners like Harvin keep their homes via mortgage refinancing aid. They're happier still that President Bush said he'll sign it, despite his objections to the refinancing trust fund as well as the $4 billion set aside to help local governments buy up and refurbish already foreclosed homes (the President described these provisions as giveaways...
Under the new legislation, which also provides billions to save the country's two largest mortgage banks, Fannie Mae and Freddie Mac, the Department of Housing and Urban Development (HUD) has 60 days to lay out a plan for how the homeowner aid will be disbursed via state and local agencies. After that it has 30 days to send it out. Officials like Rosemond, who this summer created a foreclosure prevention program in his city to help distressed homeowners buy more time, hope that lenders who are poised to pounce with notices will hold off until the money arrives...