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...Beyond money, the Mafia is a study in power. Provenzano withstood conditions of abject poverty in order to reign over a vast criminal network from the heartland of the Italian island. (A boss who flees his home turf with a suitcase of cash is, on the other hand, considered a failure and possible traitor.) Of course, power and money feed off each other: Provenzano, for one, never stopped working to acquire wealth for Cosa Nostra, even if he couldn't spend it himself. Despite the blows to its leadership, the organization still generates billions of dollars of annual turnover...

Author: /time Magazine | Title: Busting the Sicilian Mafia's Board of Directors | 12/16/2008 | See Source »

...Heartland Heartache I am a libertarian and can't abide free government handouts, so I agree to an extent with Michael Grunwald's argument for farm-bill revision [Nov. 17]. However, I must contest some of his findings. He states, "The median farmer's net worth is five times the median American's." Of course it is - farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price...

Author: /time Magazine | Title: Capturing the Moment | 11/27/2008 | See Source »

...Heartland Heartache Michael Grunwald suggested five steps to "help get America back on track" [Nov. 17]. May I suggest a sixth: Democrats and Republicans must put an end to partisan politics and work together to heal our nation. Most Americans are tired of the self-serving games that strangle progress. Nancy Turner, Gardner, Massachusetts...

Author: /time Magazine | Title: Inbox | 11/20/2008 | See Source »

...Heartland Heartache...

Author: /time Magazine | Title: Inbox | 11/20/2008 | See Source »

...slump, so have merchandise exports from Hong Kong, which in the third quarter grew at their slowest pace in more than six years. Hit by higher costs, slowing orders and tightening credit, thousands of factories owned by Hong Kong firms are closing up in southern China's industrial heartland. This week, HSBC, the city's largest bank, said it would layoff about 450 people in Hong Kong due to deteriorating business conditions and a poor outlook for next year. Supply chain-management firm Li and Fung, which sources clothing and other consumer goods for major American retailers and brands, announced...

Author: /time Magazine | Title: Due to the Economy, Stress Boils Over in Hong Kong | 11/20/2008 | See Source »

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