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...upside of this approach is that it gives banks time to work out problem loans in an orderly fashion. It also averts a big hit to the FDIC's empty insurance fund. The downside is that it drags out the correction for years, delaying any rebound. "The smart money, and there is plenty on the sidelines, is waiting for the bottom to materialize," says Bonney. It may still be waiting a year from...

Author: /time Magazine | Title: A Slow-Motion Wreck for Commercial Real Estate | 1/18/2010 | See Source »

...blog is filled with commentary on Faust as fashion icon, sarcastic critiques of Harvard's foray into Allston, and clunky faux dialogue between Grimke-as-foil and a caricature of the Harvard president...

Author: By Asli A. Bashir, CRIMSON STAFF WRITER | Title: President Faust's #1 Fan | 1/18/2010 | See Source »

...political contributions through large bonuses that he paid to members of his law firm, which has since collapsed.) Florida political analyst Sean Foreman of Barry University in Miami doesn't think the scandal will cause much fallout for those, like Crist, who have returned the money in a timely fashion. (Since Rothstein's indictment last month, Crist, who is in a tight race for a U.S. Senate seat this year, has given back $9,600 that Rothstein donated to his campaign.) "In that case, it really shouldn't affect this year's elections," says Foreman...

Author: /time Magazine | Title: Florida's Mini-Madoff: Scott Rothstein's Fall | 1/18/2010 | See Source »

...pier and leaps off in midair to catch onto the net of a passing mechanical crane - are shown here in clips, to establish Bob's espionage expertise. Other acrobatics, like the amazing descent down a four-story shopping-mall pole in the original Police Story, Chan reenacts in milder fashion, befitting an elder statesman of knockabout melodrama. Spy's stunt coordinators (Wu Gang, who's worked with Chan for the past decade, and Bob Brown) give the star some hand-to-frying-pan legerdemain in the kitchen, which is just fancy enough to remind you how great Jackie once...

Author: /time Magazine | Title: The Spy Next Door: Jackie Chan, Babysitter | 1/16/2010 | See Source »

...protested against the powerful Mafia clans that control their lives, says Roberto Saviano, author of Gomorrah, an anti-Mob book that earned him both critical praise and a 24-hour police guard. Saviano - who reported from within the Camorra, Italy's biggest Mafia clan with a global reach into fashion, real estate, waste disposal and drugs - says the rioters are among the hundreds of thousands of immigrants caught up in a brutal cheap-labor system the Mafia runs for legitimate businesses from Milan to Naples...

Author: /time Magazine | Title: African Immigrants in Italy: Slave Labor for the Mafia | 1/15/2010 | See Source »

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