Word: patronnesses
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...fall for a simple Ponzi scheme. But the organization relies on a network of businessmen and fundraisers such as Ezzeddine, not just in southern Lebanon but also in West Africa, South America and wherever expatriate Lebanese do business. Hizballah has been trying to become financially independent from its main patron, Iran (which has its own financial problems), and earlier this year, a Hizballah official told TIME the organization is close to becoming completely self-sustaining. What effect the Ezzeddine scandal has on those plans remains to be seen...
...College in Lancaster, Pa., licensed its name to an Italian firm, which emblazons it on college-athlete-inspired T-shirts and sweatshirts, complete with fake school crests. National Geographic beat Field & Stream to the punch, launching menswear in 2005. And neither of them is even the most unlikely fashion patron. Kenny Chesney's a designer now, selling his Blue Chair Bay line in three locations in the South...
...British tea, Americans have wielded their economic clout as a weapon against - and, sadly, sometimes for - social injustice. In the U.S., the power of the purse is the most democratic power of all. The Quaker notion of doing well by doing good - popularized by Ben Franklin, the patron saint of social entrepreneurs - predated the predatory capitalism of the Gilded Age. Its revival is due in part to an Obama effect: as a presidential candidate, Barack Obama relentlessly touted green products and industry and preached the idea that profits and principles are not mutually exclusive. His election was both a cause...
...What began in 1999 as a Hong Kong journal of prose and poetry known as Dim Sum - a part-time labor of love produced, somewhat intermittently, by Hong Kong author Nury Vittachi - took on a new lease of life when, in late 2006, U.K.-based banker and arts patron Ilyas Khan bought out the publication. He restyled it as the ALR, publishing it under the umbrella of his Asia-focused literary publishing agency and film-production business, Creative Work. "We purposely decided not to restrict ourselves to Hong Kong," says Khan, previously a director of the Man Hong Kong International...
...following the disputed presidential election. Its political influence within the regime has always far exceeded the actual army's, and it has increased exponentially since President Mahmoud Ahmadinejad was elected to office in 2005. But the speculation among Iranian opposition sources is that, these days, the IRGC's powerful patron - whose second term officially began last week - has now become its puppet, falling under the influence of a gang of security chiefs (the so-called New Right) that harbor schemes to further radicalize the regime or topple it in a military takeover. (What's ahead for Iran's protesters...