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...coffeehouse's décor has received few updates since the day it opened 50 years ago - Dec. 16, 1959 - in a former Chinese laundry on North Wells Street in Chicago's Old Town neighborhood. The club, and the troupe that shares its name, was opened by three theater veterans and University of Chicago grads, Bernard Sahlins, Paul Sills and Howard Alk. They took the name from the condescending title of a New Yorker article about Chicago by A.J. Liebling, and the idea - an improvisational comedy show - from theater games developed by Sills' mother, actress and theater teacher Viola Spolin...
...have been a much shorter growth opportunity than Pandit and Citi thought. A few months ago, Verme was reassigned to London (though he has been promoted to ceo of all Citi's business lines across Europe, the Middle East and Africa, and Citi stresses he is "one of its highest ranking executives globally"). Mohammed al-Shroogi, who headed Citi's United Arab Emirates operations, left in September. In late November, Dubai World, which is a for-profit development company controlled by the ruling family of the gulf state, indicated that it may have to default on a portion...
...idea for a different kind of war on Christmas came to McKinley four years ago, when he was sitting around with some of his pastor friends and they realized they were all dreading Christmas. "None of us like Christmas," he says, adding, "That's sort of bad if you're a pastor." Instead of helping their congregations focus on the season of Advent and prepare to celebrate the birth of Christ, the pastors found themselves competing with a secular consumerism that made December the hardest time to make their message heard...
Twenty-two years ago, the evangelist Oral Roberts launched an appeal for money so that graduates of the Tulsa, Okla., medical school he founded at Oral Roberts University (ORU) could serve in overseas missions. People were urged to send at least $100 apiece within three months to help reach a goal of $4.5 million. Then Roberts dropped a bombshell. If donations fell short, said the preacher, God would strike him down. "I'm asking you to help extend my life," he said. "We're at the point where God could call Oral Roberts home in March." TIME's story...
...arms industry. Despite the global recession, Arab states have signed huge deals for U.S. military hardware, whose sophistication has been on full display in two long wars in the neighborhood. Petraeus said countries in the region now deploy eight Patriot missile-interceptor batteries - up from zero a few years ago - made by Raytheon Corp. And the Pentagon last month announced that Kuwait had ordered upgrades of its Patriot missile system, in a deal worth $410 million. But Raytheon isn't the only beneficiary of anxiety over Iran. The United Arab Emirates this year ordered $9 billion worth of U.S. military...