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...Benetton Group has its ups and downs too. It still makes sweaters but it has also greatly expanded its product offerings to include a wide range of apparel as well as new brands such as fashion-forward Sisley and the leisurewear brand Playlife. Now in overall charge of the group, Alessandro has his hands full. The challenge today is to restore some of Benetton's luster and take the company global far more aggressively. Italy still accounts for 46% of sales - Europe overall accounts for 80% - at a time of sluggish economic growth and ferocious competition on its home turf...
...purpose of the annual meeting, the same as it has been since the militia started in 1995, was to bring together the politics of left and right over speeches, food, live music, and, of course, live ammo. The attendees were a wildly diverse group: young activists and anarchists in black, old beat-up Maine woodsmen with beards to their bellies, retired white-haired college professors, Second Amendment zealots, conservatives, libertarians, Marxists. But they all shared the belief that the U.S. government has lost its moral authority, that both political parties had "degenerated," as one attendee put it, "into whores...
...attempted arson was the apparent handiwork of the Earth Liberation Front, a designated domestic terrorist group. But trouble at the scene emerged when FBI and ATF explosives experts seemed to believe their own agencies should head the investigation, recalls Sergeant John Urquhart, a spokesman for the King County sheriff's office. "It was clear that there was something going on. There was tension between the groups of ATF agents and FBI agents," Urquhart tells TIME. (See pictures of crime in middle America...
...Gaza Strip has been under an Israeli blockade since 2007, when the Islamist group Hamas took control of the territory. The blockade has crippled Gaza's economy, leaving 85% of the population dependent on humanitarian aid to survive. At sea, fishermen are restricted to three nautical miles from the coast, creating a crowded, overfished shoreline. "The big fish can be found after six miles, but the fishermen cannot go that far, so they catch what's available," says Mohamed al-Hissi, who serves as a liaison for fishermen affairs at the General Syndicate of Marine Fishers in Gaza City...
...While we have avoided the worst recession since the Great Depression, we are probably heading for another asset bubble and more financial turbulence," Qin Xiao, chairman of China Merchants Group, wrote in Thursday's Financial Times. Qin said he didn't think "a quick, steep bounce driven by fiscal fixed investment is a good thing for China," adding that the current loose monetary policy should shift to neutral. On Thursday, Hong Kong's Hang Seng Index dropped by 0.5% and the Shanghai Composite Index fell 0.6% on concerns that China would begin to tighten monetary policy in response to fears...