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...cash as it grapples with a $24 billion budget crisis--are appearing on websites like Craigslist, where opportunists are buying them at a discount so they can turn a profit when the IOUs come due on Oct. 2. Meanwhile, Bank of America, Wells Fargo and Chase agreed to accept the IOUs at face value through July 10. After that, recipients will have to go to check-cashing storefronts or credit unions, which will take them at a fraction of the full price...

Author: /time Magazine | Title: The World | 7/20/2009 | See Source »

...didn’t say anything, though. I kept walking through the beautiful streets of Rome, a knot in my stomach. I suppose I didn’t want to cause a scene and I was struggling to accept a greater and more disquieting truth: If the vendor had put the calendar in front, it was probably a popular item. People are buying these souvenirs and putting them in their kitchens. They might be marking birthdays, dinner parties, or play-dates under Il Duce’s watchful...

Author: By Sofia E. Groopman | Title: In Search of Italy’s Glory Days | 7/15/2009 | See Source »

Sessions remained unconvinced. "I just am very concerned that what you're saying today is quite inconsistent with your statement that you willingly accept that your sympathies, opinions and prejudices may influence your decision-making," he concluded...

Author: /time Magazine | Title: Sotomayor Keeps Her Cool on the Senate Hot Seat | 7/15/2009 | See Source »

...leaders came under further question last week, when Prime Minister Benjamin Netanyahu's father, the historian Ben-Zion Netanyahu, told an Israeli TV interviewer that he had been told by his son that he did not support the creation of a Palestinian state. Despite Benjamin Netanyahu's having accepted the goal in principle under pressure from Washington, his father said the Prime Minister had done so only on the basis of conditions that were impossible for the Palestinians to ever accept...

Author: /time Magazine | Title: Despite Jewish Concerns, Obama Keeps Up Pressure on Israel | 7/14/2009 | See Source »

...been involved in trying to do just that for a decade longer than Obama has - may simply have recognized that the U.S. pressure that has been required to get both sides simply to make confidence-building gestures is nothing compared with what will be required to get them to accept a final peace agreement...

Author: /time Magazine | Title: Despite Jewish Concerns, Obama Keeps Up Pressure on Israel | 7/14/2009 | See Source »

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