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...Rangel and Paterson's father Basil were members of Harlem's Gang of Four, along with Percy Sutton - a civil rights activist, lawyer and local power broker, who died Dec. 26 at 89 - and David Dinkins, who served as mayor of New York City from 1990 to 1993. The group inherited a tradition passed down from trailblazers like Adam Clayton Powell Jr., whom Rangel unseated in 1970, and together shattered scores of racial barriers, attaining offices once dismissed as off-limits and paving the way for the ascension of black leaders around the country. In the process, they turned Harlem...

Author: /time Magazine | Title: Rangel, Paterson and the Fall of a Harlem Dynasty | 3/5/2010 | See Source »

...current crop of Harlem politicians know that measuring up to their predecessors' accomplishments is impossible. "They are absolutely historic figures," says New York state assemblyman Keith Wright, who represents the district. "Without Percy, Charlie, Basil and Dinkins, you probably wouldn't have this number of [politicians] in Brooklyn, in the Bronx, in Queens. They're pioneers." But Wright acknowledges that the power they accumulated is now flowing elsewhere - to the outer boroughs of New York City and to cities like Chicago, President Barack Obama's adopted hometown...

Author: /time Magazine | Title: Rangel, Paterson and the Fall of a Harlem Dynasty | 3/5/2010 | See Source »

Those with healthy balance sheets, however, see a silver lining. Basil Stephanis, president of Selonda, a $167 million aquaculture company with fish farms in Greece, Turkey and Wales, says Greece's woes are "an opportunity to consolidate and buy up companies with liquidity problems." Constantine Petropoulos, chairman of Petros Petropoulos, a $158 million firm that sells cars, automotive supplies and industrial equipment, also plans to beef up his portfolio. "We will acquire businesses that we wouldn't have ever been able to consider in better times," he says...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...Quotes About: "[Fonseka] has to answer to the people. We have a lot of allegations against him. [Sri Lankans] don't want anarchy. They don't want dictatorship. So they rejected Fonseka." - Basil Rajapaksa, younger brother and adviser to President Mahinda Rajapaksa, in the aftermath of Fonseka's defeat at the polls on Jan. 28. Rajapaksa hinted at Fonseka's rumored plans to overthrow the government (Indo-Asian News Service...

Author: /time Magazine | Title: Sarath Fonseka | 2/9/2010 | See Source »

...government has previously accused Fonseka of organizing a coup and planning to assassinate President Mahinda Rajapaksa and two of his brothers, Defense Secretary Gotabaya Rajapaksa and member of parliament Basil Rajapaksa. Fonseka, who was once a powerful ally of Rajapaksa, led the military campaign that defeated the Tamil separatist insurgency last May. Soon after, he was named Chief of Defence Staff - a move that sidelined him and left him without any effective command. Fonseka later fell out with the Rajapaksa government and put himself forward as the opposition candidate in last month's elections. (See a bio of Mahinda Rajapaksa...

Author: /time Magazine | Title: Sri Lankan Opposition Leader Arrested | 2/8/2010 | See Source »

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