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...well-known Los Angeles restaurateur of Pizzeria Mozza and founder and former owner of LaBrea Bakery, was in a Chais sub-group called CMG, LTD. Some of our savings, and 50 others', were in that group, too. She's lost everything, over $5 million. CMG investors lost $80 million total, according to a class action suit filed in United State District Court in California last week. Silverton's family, in another Chais group called Caroline, also lost everything. It's unclear how many sub-groups Chais had going, but there were at least six I know...

Author: /time Magazine | Title: Who Is Bernie Madoff? Many Investors Didn't Ask | 12/23/2008 | See Source »

...city already has about 6.5mW of solar power hardware installed in the city, most of it from a relatively small number of big commercial and municipal projects. Newsom is aiming for 31mW of solar by 2012, part of a bigger plan to provide 50mW of total renewable energy by the same year. Newsom's office is also identifying the 1,500 business that have the biggest solar potential in San Francisco - saving them equally big money - and is offering a special incentive to solar contractors who employ graduates of San Francisco's workforce training program, part of the mayor...

Author: /time Magazine | Title: Mapping Renewable Energy, Rooftop by Rooftop | 12/22/2008 | See Source »

...started until Dec. 22, they do it in style. On that date every year, children from the San Ildefonso School (once an orphanage for boys) sing a three-hour Gregorian chant in which they pick and announce the winning numbers in the world's oldest and - with a total of $3.3 billion given away - by far its biggest lottery. An estimated 3 in 4 Spaniards and thousands of foreigners purchase tickets in the lottery - with more than a million participants expected to take home some sort of cash...

Author: /time Magazine | Title: The World's Biggest Lottery | 12/22/2008 | See Source »

...Harvard men’s basketball team scored 42 of its 63 total points from long range on Wednesday night, shooting a blistering 67 percent from behind the arc, but it could not overcome Rice’s second half comeback as the Owls toppled the Crimson 67-63 at Tudor Fieldhouse. Harvard took the lead in the final minute with two free throws by junior guard Jeremy Lin, but Rodney Foster answer for the hosts with a three-pointer with 40 seconds to play to give his team a 62-61 lead it would not relinquish. Free throws turned...

Author: NO WRITER ATTRIBUTED | Title: WEB UPDATE: Long-range shooting can't bail out Crimson | 12/21/2008 | See Source »

...become a much more diverse group. Still, Europeans continue to have a virtual lock in overall numbers: exactly half of the current 116 Cardinal electors (those under age 80) are from Europe, with Italy still counting 20. Latin America has 20 Cardinal electors, the United States and Canada a total of 16. Asia has 11 and Africa nine. Any Cardinal (any baptized male Catholic, in theory) can emerge from a conclave as Pope...

Author: /time Magazine | Title: Will the Catholic Church Ever Have a Black Pope? | 12/21/2008 | See Source »

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