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4:45pm

Sat May 14, 2011
Economy

Cash-Strapped Cities Put The Squeeze On Nonprofits

From the nation's founding, those doing the Lord's work, healing the sick or educating the masses have been given a pass on paying taxes. The thinking has been: We owe them more than they owe us.

But in these hard financial times, that thinking is changing.

"I think we've reached a point where something needs to give here," says Ron Rakow, Boston's assessing commissioner.

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4:35pm

Sat May 14, 2011
Your Money

SEC Requests More Money To Fight Fraud

Last July, when President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, he promised greater oversight power to the agencies tasked with keeping watch over the nation's financial markets.

"These reforms represent the strongest consumer financial protections in history," he said.

Many of those protections were to come from the Securities and Exchange Commission in the form of new authority over derivatives markets, hedge funds and credit-rating agencies.

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4:03pm

Sat May 14, 2011
Around the Nation

The Mississippi: A River That Will Not Be Tamed

In the summer of 1993, when many people in the Midwest were searching for higher ground, Isabel Wilkerson packed her bags and headed for the Mississippi River. She was there to cover the floods for The New York Times and would go on to win a Pulitzer Prize for her reporting.

In one piece, she described the river as a "rowdy uncle who gives freely in good times and breaks the furniture in bad and pretends not to notice after the damage has been done."

Eighteen years later, that rowdy uncle is misbehaving again.

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3:53pm

Sat May 14, 2011
Author Interviews

'Badass' Guys: Giving History A Kick (And A Punch)

Thompson lists Samson as one of legend's top badasses, citing a story of a crazy, ultrabearded Biblical berserker who killed a thousand warriors using just the jawbone of an ass.
Harper Perennial

Marvel Comics hero Thor smashed his way to the top spot at the box office this past week, but author Ben Thompson says you don't need to go to the multiplex to appreciate the Norse god of thunder.

The original Norse myths provide plenty of excitement on their own, Thompson says. "There's one time, these giants were pissing off the gods, so he disguises himself as a goddess, and goes to some, like, giant feast that they're having," he gushes. "And then, he throws off his costume and just wastes the entire dining hall with a hammer."

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3:17pm

Sat May 14, 2011
Music Interviews

Raphael Saadiq: Learning From The Greats

Raphael Saadiq's latest album is called Stone Rollin'.
Barry Brecheisen FilmMagic

If you passed Raphael Saadiq on the street, you might wonder whether you'd stepped back in time. He wears tightly fitted suits, skinny black ties and thick, black-framed glasses. He makes music that almost seems like it's from another era, so it's no surprise that he's increasingly seen as the standard-bearer of old-school American R&B.

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