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...Washington there are bailouts to be had for banks and car companies, but what about Portland's Oregon Ballet Theatre? OBT's 20th anniversary season is around the corner, but its budget has dropped 28%. It's hard to celebrate in style when faced with a "very serious cash crunch," says executive director Jon Ulsh. And it's forcing arts groups to be ever more creative about where and how they look for support...

Author: /time Magazine | Title: Arts Groups in Tough Times Think Locally | 7/24/2009 | See Source »

...buzz can surely help, but to a point. Is Mr. Six actually driving incremental traffic to Six Flags? Viewers are already cash-strapped. Why potentially turn them off with your spots? "Sure, the ad sticks Six Flags in your mind," says Lippert. "But it's wedged in the area that causes extreme anxiety and annoyance. You're saying, 'Get this out of my lobe...

Author: /time Magazine | Title: Why Is Six Flags Targeting Kids with a Creepy Old Guy? | 7/24/2009 | See Source »

...supporters of legalization may have been handed their most convincing factor yet: the bummer economy. Advocates say that if state or local governments could collect a tax on even a fraction of pot sales, it would help rescue cash-strapped communities. Not surprisingly, the idea is getting traction in California, home to the nation's largest supply of domestically grown marijuana (worth an estimated $14 billion a year) and biggest state budget deficit (more than $26 billion...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

...even the most ardent marijuana advocates aren't expecting nationwide legalization anytime soon. Instead, any action is likely to come on the state and local level. For now, all eyes are on cash-strapped California, where high taxes could take on an entirely new meaning...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

...Italian boot, is today considered the most powerful organized-crime syndicate in Italy, surpassing the legendary Sicilian Mafia after having taken over much of the trafficking of South American cocaine into Europe. With billions in narcodollars, 'Ndrangheta is constantly on the lookout for ways to invest its ill-gotten cash in legitimate enterprises, explains Alberto Cisterna, a Rome-based magistrate who has long followed the Calabrian Mob. He says that high-profile urban centers are actually considered the best places for crooks to simultaneously hide their illicit wealth and evade taxes. "These criminal organizations see Rome and Milan as bona...

Author: /time Magazine | Title: Mob Allegations Turn Rome's 'Sweet Life' Sour | 7/23/2009 | See Source »

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