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...nation limps through the recession, many towns and cities are hurting. "Buy-local" campaigns can help local economies withstand the downturn. Says Boyle: "For communities, this is a hopeful message in a recession because it's not about how much money you've got, but how much you can keep circulating without letting it leak...

Author: /time Magazine | Title: Buying Local: How It Boosts the Economy | 6/11/2009 | See Source »

...owner and chairman Bjorgolfur Gudmundsson lost his trousers in the credit crunch. Iceland's Straumur Bank, CB Holding's major shareholder, is itself in the midst of restructuring after being bailed out by the Icelandic government in March. In Spain, once mighty Valencia is effectively controlled these days by local lender Bancaja, its major creditor, after hapless management and a soured stadium-development plan left the club about $725 million in debt. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...whereas slum clearance was enforced by local governments, which used and in some cases abused eminent domain to reinvent neighborhoods, the Tysons retrofit almost entirely depends on 150 or so private landowners. (Aside from a fire station, a school and a few public watersheds, Tysons has almost no public land. Like most other places in Fairfax County, Tysons is unincorporated and is overseen at the county level.) The government won't mandate these changes. Rather, property owners will apply individually to increase the scale or density of their holdings, to tear down or add to what is already standing...

Author: /time Magazine | Title: A (Radical) Way to Fix Suburban Sprawl | 6/11/2009 | See Source »

...Gauguin was a revolutionary," says my tour guide Tim as we drive through the rainforests of Hiva Oa. "He fought against the local church, he fought for the rights of us Marquesans. He lived according to his own values, and we appreciate him here still...

Author: /time Magazine | Title: A Brush with Gauguin | 6/11/2009 | See Source »

...pursue his artistic dream at the end of the earth. (One of his letters home explains: "Life has no meaning unless one lives it with a will, at least to the limit of one's will.") He took up with various Polynesian women, and his freewheeling ways made the local missionaries livid. Less than two years after his arrival, he was dead at the age of 54 from self-induced dosages of morphine to dull the pain of his virulent syphilis. Practically unknown and penniless during much of his life, Gauguin is now considered the most important post-Impressionist painter...

Author: /time Magazine | Title: A Brush with Gauguin | 6/11/2009 | See Source »

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