New York City

Blood lines

In a large private garden in Manhattan, behind a grand New York City brownstone, a man in his 90s took the hand of a young girl who is not yet 12. The bridge between them, the man's son, the girl's father, stood at a distance, looking on.

"That was pure love," says Sandi Pei, the 60-year-old son of I.M. Pei, the architect who designed Hong Kong's Bank of China tower and the Pyramid at the Louvre, in Paris, France. "I wasn't quite sure whether Anna was leading my father or if he was leading her."

School tests value of star teachers paid top dollar

So what kind of teachers could a school get if it paid them US$125,000 a year?

An accomplished violist who infuses her music lessons with the neuroscience of why one needs to practise, and creatively worded instructions such as: "Pass the melody gently, as if it were a bowl of Jell-O." A self-described "explorer" from Arizona who spent three decades honing her craft at public, private, urban and rural schools. Two with Ivy League degrees.

What did I say then?

BI: JPMorgan, Banks Back Lenders Luring Poor With 780 Percent Rates | Bloomberg

......Since emerging from rural Tennessee in 1993, payday lending has expanded beyond the fringes of the consumer finance industry. In 2003, the industry generated $6 billion in fee revenue from $40 billion in loans, according to Stephens Inc., a Little Rock, Arkansas-based investment bank.

As many as 14 million of the 105 million U.S. households used payday lenders in 2003, according to Stephens analyst Dennis Telzrow. In May, he projected the industry's revenue would increase 12 percent to 18 percent in 2004.

Four of the top 10 U.S. banks measured by assets have helped fund the rise of payday lending by extending credit lines......

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