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...celebration. In April the Internet bank signed up its 500,000th account holder, and it continues to add clients at a rate of about 20,000 a month. "We are on target," says ceo Bob Head, who adds that his goal - though a very long-term one - is to "wipe the big banks out." Online banking is growing steadily across Europe. NetValue, a market research firm, says the number of unique visitors to Internet bank sites in eight large European markets jumped 15% between October 2001 and May 2002, to nearly 22.5 million. Each visit might represent a deposit...

Author: /time Magazine | Title: Anything You Can Do ... | 7/21/2002 | See Source »

...over active stock pickers who charge 1.5% or more. Combine those fees with the hidden expenses, such as the trading costs incurred by some hyperactive managers, and the real drag on a managed fund can get close to 3%. That, if you believe the LBS group's numbers, could wipe out your long-term gain from stocks over cash or bonds. And if one thing's for sure, this is no time to start throwing money away...

Author: /time Magazine | Title: Down And Out | 7/14/2002 | See Source »

...hour drive from Perth lies the dusty, sunbaked township of Eneabba, which has as many dogs as people. It's home to a general store, some uninspired architecture and a rutile sand factory, which employs half the population of 286. This is a place to fill the gas tank, wipe the splattered insects off the windscreen and vamoose in a cloud of dust. But from mid-July to the end of October, Eneabba undergoes a startling transformation into one of Australia's most impressive natural attractions. The spring rains trigger an outburst of wildflowers, which bedeck the usually arid landscape...

Author: /time Magazine | Title: Hot Spot: Eneabba | 6/17/2002 | See Source »

Chemical and biological agents can wipe out entire populations, but first they must be placed in an effective delivery system, such as a bomb or warhead fitted with an aerosol diffuser that will spread its plagues or poisons before the weapon explodes. Iraq is believed to be working to perfect such delivery systems. All but about a dozen of Iraq's Soviet-made Scud missiles were accounted for and dismantled after the Gulf War, but last year Iraq began testing a new line of short-range ballistic missiles, which could potentially be loaded with viruses or gases and hit targets...

Author: /time Magazine | Title: What Saddam's Got | 5/13/2002 | See Source »

...Faced with growing opposition within his own party, Deuba gave the army carte blanche to wipe out the Maoists. I spoke to several young girls held prisoner in Nepalgunj jail accused of belonging to the guerrillas' political wing. All told the same story of the police keeping them blindfolded for weeks, sometimes months, beating the soles of their feet with plastic piping, then rubbing chili powder into the wounds. Nor are the security forces above murder. On March 18, a group of 20 policemen arrested five men, including Kanchha Dangol?a carpenter?in Tokha outside Kathmandu. Four days later Dangol...

Author: /time Magazine | Title: Nepal: Return to Year Zero | 5/6/2002 | See Source »

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