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...protest against the Buddha Bar. They argued that a place called Muhammad Bar or Jesus Christ Bar would hardly meet with approval. The students demanded that the hotspot's name be changed, something the Jakarta Legislative Council has agreed must be a prerequisite for the Buddha Bar to reopen. At the same time, Indonesian Corruption Watch, a local NGO, has raised questions about whether the dining lounge, which is located in a Dutch colonial building that was restored with public funds, is contravening a cultural-conservation regulation that prohibits historic buildings from being used for private gain...

Author: /time Magazine | Title: Indonesia Cracks Down on Offensive Hot Spot | 3/11/2009 | See Source »

...failed banks. In nearly all those cases, the FDIC already had buyers lined up for the failed institutions by the time they were taken over. Troubled banks are generally closed on a Friday and given to new owners over the weekend. In most cases, the failed bank's branches reopen with a new name on the door the following Monday. The one exception is IndyMac, which the FDIC decided to nationalize rather than sell off immediately. (See the worst business deals...

Author: /time Magazine | Title: Nationalized Banks: Why They Might Work | 3/6/2009 | See Source »

...possibly forever. Luckily, alumni stepped up to the plate: their contributions at two rallies in December and January - including $100 in quarters, donated by the 13-year-old son of an alumna - supplied the first $100,000 to start paying down the water bill, allowing the school to reopen this semester. (See pictures of Barack Obama's college years...

Author: /time Magazine | Title: Sparing a Dime to Save a College | 2/24/2009 | See Source »

...Taliban has destroyed more than 180 schools across the valley, mostly girls' schools but a number of boys schools too. Now government schools are expected to reopen in March, after the winter break. Government officials insist that under Mohammed's Shari'a regulations, the Taliban's prohibition on female education will be lifted. But many of the teachers who were threatened have fled the area and are too fearful to return anytime soon. "The Taliban have threatened us not to come back," says Zunaiba Hayat, a 35-year-old middle-school teacher who moved to Islamabad after her school...

Author: /time Magazine | Title: Can Pakistan Regain Control of Swat from the Taliban? | 2/24/2009 | See Source »

...with enough determination and inspiration - and reliable financing - transformation can happen. The proof is that this month, in the first part of a $1.2 billion, multistage redesign of its 16 acre (6.5 hectare) campus, Lincoln Center will reopen Alice Tully Hall, its chamber-music auditorium, in a building ingeniously reconfigured to announce to anybody passing by, Come in, we're here, make yourself at home...

Author: /time Magazine | Title: Lincoln Center's New Come-Hither Design | 2/19/2009 | See Source »

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