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...restaurant was back open and operating by late morning, though a state-appointed manager will manage it for the time being, while the owner is forced to prove, under a special Italian statute, that he is clean of Mob ties. Police allege that top bosses from the Alvaro-Palamara faction of the Calabrian Mafia used a barber from a small rural town in Calabria as a frontman to buy the historic café in 2005 for some $350,000 dollars, though its commercial value is estimated at $60 million. Italian authorities suspect that the difference between the official price...

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

...regulatory reform would, on balance, give more power to the Fed than it has now. And House Financial Services Committee chairman Barney Frank remains a staunch Fed defender. "When you have a terrible mess, it is unlikely that those who attempt to alleviate the danger will come out looking clean," he said in Bernanke's defense this morning. Then again, Frank said, the congressional griping will likely continue until the economy begins to show marked signs of improvement - because, as he put it, "no one has ever gotten re-elected with the bumper sticker that says 'It would have been...

Author: /time Magazine | Title: Bernanke Defends Fed's Actions Before Congress | 7/21/2009 | See Source »

...example, when Austin's semiconductor industry started tanking in 2000, ACC quickly stripped down its chip-development courses and soon repurposed clean rooms for emerging green technologies. These days, it generally takes about six months of weekend classes to get qualified to be a solar installer, a job that can pay up to $16 an hour. But starting in August, a compressed weekday program - catering to the recently unemployed - will allow students to cram the same courses into just two months. To earn an associate degree focusing on renewable energy - enough prep for a job as a solar-installation-team...

Author: /time Magazine | Title: Can Community Colleges Save the U.S. Economy? | 7/20/2009 | See Source »

...border areas a better alternative. People want security, schools, health care. They really just want a safe place to live. To my mind, this is like an inner-city slum where there are criminal gangs terrorizing the people and cops that are on the take. We need to clean up these communities. We need to help the people of this region, and I think we'll see this situation start to turn around...

Author: /time Magazine | Title: Fighting the New Narcoterrorism Syndicates | 7/17/2009 | See Source »

...People listened to the warning and just stayed home," Michael Roth, vice president of communications for AEG Live told TIME. "There were less than 1,000 fans down here." Due to the unexpectedly low turnout, extra police officers were dismissed and there was simply less of a mess to clean...

Author: /time Magazine | Title: Jackson May Play London After All, Via Footage | 7/10/2009 | See Source »

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