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ROME—His legacy tarnished and his hopes of clinging to power dashed, Silvio Berlusconi faces daunting legal and financial challenges once he vacates the premier’s office and faces the prospect of life outside the international spotlight.

He has vowed he won’t run again for office, though few expect he’ll abandon Italian politics for good. Berlusconi himself has already said he might help out a campaign here or there because, well, “they’ve always turned out well for me.”

But with Berlusconi’s resignation as premier Saturday following months of market turmoil, a political era in Italy closes and the 75-year-old Berlusconi is just a billionaire businessman once again.

“What we are viewing now is not the end of a government, but the end of a system, of a political system,” said Massimo Franco, a political analyst for leading daily Corriere Della Sera.

Indeed, Berlusconi dominated Italian politics for the last 17 years, a polarizing figure who served three terms as premier. He held off political opponents and jousted with magistrates pursuing him on corruption and sexual misconduct charges, but was felled by massive international and market pressure.

The media mogul had thrived rubbing shoulders with the powerful, whether vacationing with Russia’s Vladimir Putin or getting a taste of Texas ranch life when hosted by then President George W. Bush in a meeting of Iraq war allies.

But seen as an impediment to economic reform, his exit came quickly as Italy was swept up by Europe’s debt crisis.

Whether he goes back to running his media empire or even returning to the vacant post as president of his beloved AC Milan soccer team, he faces an unpleasant agenda. Judging from how his media voices are reacting, it won’t be a completely quiet exit.

“Stop a Europe of technocrats,” clamoured a headline in the family newspaper Il Giornale of Italy’s presumed new government headed by economist Mario Monti. “This government is a coup.”

Berlusconi’s resignation will mean he can no longer claim official government business as a reason for missing hearings in his three trials, a tactic that has been used to delay proceedings. His attempt at fashioning a law that would have given him immunity was overturned by the constitutional Court.

But charges in two Milan trials related to his business dealings will run out due to the statute of limitations early next year — leaving little peril that the billionaire would face any penalty even if courts can reach a conviction in the first trial. The Italian system allows for two levels of appeal.

Berlusconi is expected to testify before Christmas in his trial on charges of paying British lawyer David Mills to lie for him on the stand in another case. A verdict is expected in late January, but with the statute of limitations set to expire in March, it is impossible that two levels of appeal could be completed to make any verdict final bad credit payday advance.

Berlusconi has denied the charge, and Mills saw his conviction overturned on appeal.

In the other trial concerning his Mediaset media empire, Berlusconi is charged with tax fraud in the purchase of TV rights. Berlusconi denies the charges, which also expire in the spring.

In Berlusconi’s most sensational trial, the 75-year-old is accused of paying for sex with a Moroccan teen — known by her nickname Ruby Rubacuore, “Ruby the Heartstealer” — and using his influence to cover it up. No fewer than 22 court dates have been scheduled through May.

A conviction would mean Berlusconi would be permanently barred from public office — but he has already pledged not to run again and his hopes of one day becoming Italian president were dashed by the sex scandal.

That leaves the billionaire back where he started: running his considerable empire. The economic crisis has made that more challenging.

Shares in Mediaset have lost half of their value since May, as the debt crisis lapped ever more perilously at Italian businesses, and dropped by as much as 10 per cent in trading sessions this week as Berlusconi’s political future was decided by the markets.

Mediaset — which is controlled by the family holding company Fininvest and includes private TV stations as well as newspapers and other publications — dropped from €4.242 a share in May to €2.142 on Friday.

“It could be that Berlusconi is very scared by the financial crisis. If you think that Fininvest is 95 per cent invested in Italy,” said Carlo Guarnieri, a political scientist as the University of Bologna.

Even more dangerous was his loss of a civil suit to rival media group over corruption in the acquisition of the Mondadori publishing empire. A court has ordered him to €560 million ($800 million) for corrupting a judge.

Alarmed by the amount, Berlusconi went as far as quietly introducing a measure into Italy’s austerity budget this summer that would have allowed the company to delay payment until the final appeal, but withdrew it after political opponents raised an outcry.

He can still count on friends in high places to look after his interests: his 41-year-old political heir, Angelo Alfano, now heads his People of Liberties party and he remains its founder.

But Franco, the Corriere della Sera analyst, said Berlusconi’s future in the near-term is probably not on Italy’s centre political stage.

“I think Berlusconi can just survive, maybe with a personal party, but I don’t think he is due to rule and lead Italy in the foreseeable future any more,” he said.

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By the third time around, it really shouldn’t be a surprise. The latest “Call of Duty” video game set a first-day sales record this week, generating $400 million in sales in its first 24 hours in stores. That breaks the record its predecessor set this time last year.

“Call of Duty: Modern Warfare 3″ is the third game in the military shooter series to set such a record. Last year, “Call of Duty: Black Ops” raked in $360 million in its first 24 hours on sale. “Call of Duty, Modern Warfare 2,” sold 4.7 million copies in its first 24 hours to reap $310 million

The latest installment of the game from Activision Blizzard Inc. went on sale at midnight Tuesday in North America and the U.K.

Activision said Friday the game sold 6 faxless payday advance.4 million units in its first 24 hours.

A rival shooter game from Electronic Arts Inc., “Battlefield 3,” meanwhile, sold 5 million units in its first week in stores last month, making it the fastest-selling game in EA’s history.

The figures show there’s a big appetite for big shooter games this holiday season, boding well for their publishers and retailers such as GameStop Corp.

Shares of Activision Blizzard slipped 16 cents to $12.82 in morning trading Friday.

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Greece’s tortuous power-sharing talks entered a fourth day Thursday, with the country’s president hosting a meeting of party heads a day after negotiations descended into chaos and political leaders failed to name a new interim premier.

Outgoing Prime Minister George Papandreou, the head of the opposition conservatives, Antonis Samaras, and the leader of a small right-wing party were meeting with the president Thursday morning to settle on a new prime minister and cabinet.

The new temporary government’s aim will be to secure a new European debt deal and ensure Greece receives the vital next euro8 billion ($10.9 billion) installment of its existing euro110 billion facility, without which the country faces a catastrophic default within weeks. Elections are then expected to be held in February.

Thursday’s talks come after a similar meeting Monday night collapsed, with Giorgos Karatzaferis, the head of the right-wing LAOS party, storming out in a rage only minutes after entering the presidential mansion. The precise reason for his anger was unclear.

The hope is that the fourth day of talks will finally yield a new prime minister to head an interim government that will secure the country’s continued bailout funding payday loans. European leaders have been pressing for an end to the political turmoil in Athens that has endangered the country’s bailout funding and even its continued presence in the eurozone.

“This is the third time I’m coming here for (this) issue, and I hope it’s the last,” Samaras said as he arrived for the meeting.

Despite three days of wrangling and intense European pressure, Greece’s main parties have been unable to agree on who will lead the new government, which is expected to only be in power for a few months before leading the country to early elections in February.

Greece’s deliberations over the past few days have taken a backseat to developments in Italy where Premier Silvio Berlusconi has announced his intention to resign soon after a new package of economic reforms are passed. But his announcement has done to little to assuage market concerns that Italy is facing a Greek-style economic crisis and the country’s borrowing costs have shot through the roof.

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ROME

Greece’s embattled prime minister and main opposition leader agreed Sunday to form an interim government to ensure the country’s new European debt deal and oversee early elections, capping a week of political turmoil that saw Greece facing a catastrophic default and threatening its euro membership.

Greek leaders had been anxious to end a severe political crisis with some positive result before Monday, when the country heads to a meeting of eurozone finance ministers in Brussels. The initial agreement, which will see Prime Minister George Papandreou step down, came after a week of drama sparked by his announcement he was taking the debt deal to a referendum. He withdrew that plan Thursday after intense opposition from European leaders and his own Socialist lawmakers, many of whom called for him to resign.

Papandreou “has already stated he will not lead the new government,” the statement from the president’s office said.

He is to meet again Monday with opposition leader Antonis Samaras to seek agreement on who will head the new government and who will be included in its Cabinet, the president’s office said.

A planned meeting with the leaders of all political parties represented in parliament, which was to take place Monday evening, was canceled after parliament’s two leftist parties refused to attend, the office said.

The statement came after a late-night meeting between Papandreou and Samaras called by President Karolos Papoulias to end a two-day deadlock. Direct talks had failed to get off the ground as Papandreou had agreed to step aside but only after power-sharing talks settled on a new government makeup, and Samaras insisted he wanted snap elections and would not start negotiations unless Papandreou resigned first.

An opposition conservative party official said Samaras’ party is “absolutely satisfied” with the outcome of the talks and that party officials were to hold meetings late Sunday night with Finance Minister Evangelos Venizelos and his advisers to discuss how long it would take to finalize the new debt deal and when elections could be held.

“Our two targets, for Mr. Papandreou to resign and for elections to be held, have been met,” the official said, speaking on condition of anonymity to discuss the process.

The crisis was sparked after Papandreou’s shock announcement on Oct. 31 that he wanted to put a new European debt deal aimed at rescuing his country’s economy to a referendum. That plan caused an uproar in Europe, with the leaders of France and Germany saying any popular vote in Greece would decide whether the country would remain in the euro direct payday lenders. European officials also said the country would not receive the vital euro8 billion euro installment of its existing euro110 billion bailout until the uncertainty in Athens was over.

Papandreou’s announcement also spooked international markets, leading stock markets to tumble and led to calls in Greece for Papandreou’s resignation _ even from among his own Socialist lawmakers and ministers _ with many saying he had endangered Greece’s bailout.

The prime minister withdrew the referendum plan on Thursday, after Samaras indicated his party would back the new debt deal, which was agreed upon after marathon negotiations in Europe on Oct. 27.

Greece has been surviving since May 2010 on its initial bailout. But its financial crisis was so severe that a second rescue was needed as the country remained locked out of international bond markets by sky-high interest rates and facing an unsustainable national debt increase.

The new European deal, agreed on by the 27-nation bloc on Oct. 27 after marathon negotiations, would give Greece an additional euro130 billion ($179 billion) in rescue loans and bank support. It would also see banks write off 50 percent of Greek debt, worth some euro100 billion ($138 billion). The goal is to reduce Greece’s debts to the point where the country is able to handle its finances without relying on constant bailouts.

Greece’s lawmakers must now approve the new rescue deal, putting intense pressure on the country’s leaders to swiftly end the political crisis so parliament can convene and put the debt agreement to a vote.

“We know that there can be no elections now,” Papandreou had said during an earlier emergency Cabinet meeting, noting that snap polls would delay the approval of the new debt deal. “This cooperation, however, is necessary and will be beneficial for the climate in our country and internationally.”

In return for bailout money, Greece was forced to embark on a punishing program of tax increases and cuts in pensions and salaries that sent Papandreou’s popularity plummeting and his majority in parliament whittled down from a comfortable 10 seats to just three.

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Associated Press writer Nicholas Paphitis in Athens contributed to this report.

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How should people prepare their houses for sale during the winter?

A bit of simple maintenance now will go a long way to keep a house in good shape for prospective buyers this winter.

Start by clearing leaves from gutters and patios. Keep walking areas swept and collect lawn debris regularly. Remember to check working fireplaces for loose mortar and debris. Get heating systems inspected. Stock up on filters for timely changes throughout the winter. Replacing window screens with storm windows will cut heating costs and extend the life of the screen material.

Don’t overlook the driveway. Snow, ice and salt that come with the winter season can wreak havoc on driveways and blacktop surfaces. Protect them by filling cracks and holes before the freeze sets in. Snow can alter the overall look of the property. Shovel and de-ice paths and doorways. The driveway and sidewalks should be plowed. Make sure that outside lights and doorbells work. Consider installing more lights to highlight effectively the best areas of the house.

Focusing on the interior is also important for selling in the winter. Furnished homes and those that are well organized have more appeal. Make sure beds are made, furniture is well placed and that countertops and closets are clutter-free. Bear in mind that not all home shoppers celebrate the same holidays. Keep holiday decorations as a seasonal accent so buyers see the home, not just the adornments.

Selling a home in the winter has its perks. Chances are, buyers looking for a home during the winter holidays are serious about buying and not simply shopping around. At that time of year, there are fewer homes on the market, reducing the competition.

A Republican-led House panel on Thursday agreed to subpoena the White House for documents related to Solyndra Inc., the failed California solar company that received a half-billion-dollar federal loan. A House Energy and Commerce subcommittee voted 14-9 along party lines to authorize subpoenas of top White House officials. GOP lawmakers say the subpoenas are necessary because the White House has denied or delayed requests for thousands of documents related to Solyndra.

The Fremont, Calif., company received a $528 million federal loan before filing for bankruptcy protection and laying off 1,100 workers.

Rep. Fred Upton, chairman of the House Energy and Commerce Committee, said getting White House documents on Solyndra was like “extracting a tooth without anesthesia” — painful and time-consuming.

“I wish it had not come to this, but it has,” said Upton, R-Mich., who called the White House “downright obstructionist” on Solyndra.

Democrats called the solar loan subpoena an overreach.

Rep. Diana DeGette, D-Colo., called the vote “an act of irresponsible partisanship” and a “political sideshow” that obscures the real issues in the Solyndra debacle.

DeGette and other Democrats said the vote amounted to a “fishing expedition” that grants Upton broad powers to issue subpoenas as he sees fit.

It was the second time in two days that a House panel authorized a subpoena of administration documents. On Wednesday, a House Judiciary subcommittee authorized its chairman to subpoena Department of Homeland Security documents on deportations of illegal immigrations.

Upton, who met with White House Counsel Kathryn Ruemmler on Wednesday, said he will take into account recent White House attempts to provide the committee with documents as he considers whether to issue a subpoena.

White House spokesman Eric Schultz said the Obama administration was disappointed in the GOP vote, adding that committee leaders have “refused to discuss their requests with us in good faith,” instead choosing “a partisan route, proceeding with subpoenas that are unprecedented and unwarranted.”

Schultz said the administration has “cooperated extensively” with the committee’s investigation by producing more than 85,000 pages of documents, including 20,000 pages produced Wednesday. Administration officials also have participated in multiple briefings and hearings on Solyndra, he said.

“All of the materials that have been disclosed affirm what we said on Day One: This was a merit-based decision made by the Department of Energy,” Schultz said. “We’d like to see as much passion in House Republicans for creating jobs as we see in this investigation.”

Rep. Henry Waxman, D-Calif., the energy panel’s senior Democrat and former chairman, said a subpoena can only be justified if Congress and the executive branch have reached an unbridgeable impasse, which he said he didn’t see.

“Apparently what the committee really wants is a confrontation with the president, not information,” Waxman said.

But Rep. Cliff Stearns, R-Fla., chairman of the energy panel’s subcommittee on oversight and investigations, said an impasse had been reached.

“The administration seems to think that if they drag this out, we will give up and simply go away. But we won’t,” Stearns said.

Congressional Republicans have been investigating Solyndra’ s bankruptcy amid embarrassing revelations that federal officials were warned it had problems but nonetheless continued to support it and sent President Barack Obama to visit the company and praise it publicly.

Energy Secretary Steven Chu, who is scheduled to testify before the full committee later this month, acknowledged Thursday the loan program needed work but said he wasn’t “ready to throw in the towel on clean energy.”

Chu, speaking at an energy conference held by The Washington Post, said, “There is no reason to sit on the sidelines and concede on clean energy.” But, he noted, Congress and the administration “can design a better loan program.”

Among the 1,200 pages of documents the administration released Wednesday were details of a bailout plan considered by the Energy Department that would have provided an infusion of cash to Solyndra and part-ownership of the company by the government.

Officials rejected the plan, which was recommended in August by the investment banking firm Lazard Ltd. Lazard was paid $1 million for analyzing options related to Solyndra.

Without an infusion of new cash, Lazard wrote in an Aug. 17 memo to the Energy Department, Solyndra was almost certain to fail, which would “likely result in little recovery to the DOE.” The department rejected the refinancing plan sometime after Aug. 28, and Solyndra shut its doors on Aug. 31.

The White House announced last week it had ordered an independent review of similar loans made by the Energy Department. The review by former Treasury official Herb Allison will assess the health of more than two dozen other renewable energy loans and loan guarantees made by the Energy Department program that supported Solyndra.

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The Federal Reserve, after employing a dwindling set of policy options at its last two meetings, may hit the pause button in hopes that the faint signs of the economy’s rebound will grow stronger.

By taking a wait-and-see approach, the Fed would be buying time to assess whether its actions in August and September are having the desired effect of lowering long-term interest rates enough to jump-start growth.

The Fed’s decision will be announced around mid-day Wednesday following two days of closed-door discussions.

The central bank will also release an updated economic forecast and Federal Reserve Chairman Ben Bernanke will hold a news conference to discuss the Fed’s new forecast.

It will be Bernanke’s third news conference after a Fed meeting and will continue a practice he began last April in an effort to give the public a better understanding of the Fed’s decision-making.

Most economists believe the Fed will leave policy unchanged, although it will be a close call.

“It is about 50-50 on whether they will do anything. There is evidence the economy is continuing to grow, but we still have a fundamentally weak economy,” said Brian Bethune, economics professor at Amherst College.

Financial markets in the United States and around the world were jolted Tuesday after Greece’s prime minister made the surprise decision to call a referendum on the country’s latest rescue package. The move sparked fears that the entire debt deal could unravel, that Greece could default on its debt and that the crisis could ripple through the global financial system.

Economists said Europe was sure to be a major discussion topic during the Fed meeting.

“They will talk about Europe, but I don’t expect any action,” said David Jones, head of DMJ Advisors, a Denver-based consulting group. “The Fed will not respond to the problems in Europe until it is clear they are causing a significant weakening in economic activity in the United States.”

David Wyss, former chief economist at Standard & Poor’s, said one reason for the Fed’s reluctance to do more is that they don’t have many policy options left.

“They know they are running out of tools so they don’t want to employ another one unless they have to,” he said.

The economy nearly stalled out during the first six months of the year, with growth slowing to an anemic 0.9 percent, the slowest pace since the recession ended in June 2009 low fee pay day loans.

However, the government reported last week that growth rebounded modestly in the summer with the economy expanding at an annual rate of 2.5 percent in the July-September period, the best quarterly performance in a year.

While the economy would have to nearly double from the 2.5 percent rate to make a significant dent in high unemployment, the faster growth at least eases fears of a new recession.

At its Aug. 9 meeting, the central bank approved changing its guidance on future policy to say it hoped to keep a key interest rate, which has been near zero since December 2008, at a record low through at least mid-2013, as long as inflation does not become a threat.

The belief was that such an assurance would give investors more confidence that rates would not begin rising any time soon and help to push long-term rates down farther.

At the next meeting on Sept. 20-21, the Fed voted to shift $400 billion of its holdings from short-term to long-term Treasury securities in another effort to push already low long-term rates down further. These rates are critical for consumers borrowing to buy homes and cars and for businesses borrowing to make investments to expand their operations.

Both the August and September moves were approved on 7-3 votes with three regional bank presidents _ Richard Fisher of Dallas, Charles Plosser of Philadelphia and Narayana Kocherlakota of Minneapolis _ voting no because of concerns the actions raise the threat of future inflation.

That was the largest number of dissents in nearly 20 years from an action by the Federal Open Market Committee, the panel of Fed governors and central bank presidents who meet eight times a year to set interest-rate policies.

On the other side are at least four Fed officials, Vice Chair Janet Yellen, Governor Daniell Tarullo, Chicago Fed President Charles Evans and New York Fed President William Dudley who have expressed concerns that the economy is still at risk and may need more support.

If the Fed does move again, many believe it will not occur until either the December meeting or early next year. Some economists believe the likely next change would be a further tweaking of the Fed’s communication efforts.

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