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...years of pent-up curiosity would finally be satiated--at least a little. I've covered this country on and off for almost two decades--from Tokyo, Moscow, Beijing and now Shanghai--but despite repeated requests for a visa, I'd never been allowed in. Perhaps this was because I'm a U.S. citizen, and we're still technically at war with North Korea. More likely it was because my stories about this little-known country had not exactly flattered its despotic rulers: the late Great Leader Kim Il Sung and his son, Dear Leader Kim Jong Il. Now, thanks...

Author: /time Magazine | Title: Notes Of Hope | 2/29/2008 | See Source »

...best time, you might think, to sell shares in the biggest initial public offering (IPO) in Wall Street history. Especially not a financial IPO. Yet here we have credit-card giant Visa, now owned by its member banks, announcing plans to peddle up to 446 million shares of stock in late March for an expected take of between $15 billion and $19 billion...

Author: /time Magazine | Title: Visa Charges On | 2/29/2008 | See Source »

...better part of 20 years, from postings in Tokyo, Moscow, Beijing and now Shanghai, I have been covering North Korea - to the extent that a journalist can cover a place he has actually never been to. Three times previously, I had applied for an official journalist's visa to do reporting in the North - to no avail. Partly, I've always assumed, that's because I'm a U.S. citizen, and we have been technically at war with the North since a 1953 armistice. Partly it may be because some of the things I've written over the years haven...

Author: /time Magazine | Title: The Ballad Of Kim Jong Il | 2/28/2008 | See Source »

...everyone sees it that way, though. A steady stream of would-be economic migrants has been arriving at Granny Sarah's door seeking an American visa. Almost every day she has to explain that the U.S. embassy in Nairobi is the only place that can make their American dream come true. (There's been a steady stream of journalists as well, so many that appointments now have to be made in advance before Granny Sarah will see them.) But even Granny Sarah admits to harboring secret hopes of a local windfall if Obama's momentum carries...

Author: /time Magazine | Title: Dreams from Obama's Grandmother | 2/27/2008 | See Source »

...from 1995 to 2005 the average late fee soared 162% from $12.83 to $33.64, according to CardTrak.com. Fees now account for 39% of issuers' revenue, up from 28% in 2000 (interest accounts for the rest), according to card advisor RK Hammer. The industry is so buoyant that transaction-giant Visa is planning an IPO this spring that could raise more than $10 billion in capital...

Author: /time Magazine | Title: Exposing the Credit-Card Fine Print | 2/21/2008 | See Source »

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