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...Fire Next Time Ein el Hilweh is the largest Palestinian camp in Lebanon, with 70,000 inhabitants. Built just outside the southern city of Sidon, it is surrounded by walls and watchtowers and looks like a postapocalyptic penal colony from a Mad Max movie - albeit one decorated with posters of Saddam Hussein, Osama Bin Laden and Yasser Arafat. The main Palestinian political parties Hamas and Fatah have carved the camp up like gang turf, leaving a no-man's-land as a haven for dangerous jihadist groups...
...grim state of the American economy. The financial crisis of last October has spiraled into a cataclysmic near-total collapse, with official unemployment figures spiking at 7.6 percent this month. President Obama has already made plans to resuscitate the economy through a massive stimulus package while somehow reducing the largest peacetime budget deficit in American history...
...Tuition, currently FAS’s second largest source of revenue, providing 20 percent of its income, will come to account for a greater percentage of a reduced budget, as the endowment and alumni donations plunge...
...largest amount realized thus far was the €35,905,000 ($45,264,579) for French Impressionist Henri Matisse's painting Les coucous, tapis bleu et rose (Cuckoos on a blue and pink carpet), which went for twice Christie's estimate. Similarly, a Constantin Brancusi sculpture valued at up to €20 million ($25,877,114) sold for €29,185,000 ($36,792,835). In all, more than 700 items are up for sale at the three-day auction, which Christie's believes could bring in as much as €300 million ($384 million). (See pictures from the auction...
...said oil giant Yukos, which was effectively shut down by Moscow in 2006, three years after its boss, Mikhail Khodorkovsky, was thrown into prison on charges of fraud and tax evasion, could proceed with a lawsuit seeking $34 billion in damages against the Russian government. It is the largest claim the ECHR has agreed to consider and the first ever involving a corporation. The financial and political fallout from an ECHR judgment could be immense...