Padding around text in module

Is it possible to adjust padding around text in a module. Specifically the left module here: www.memaonline.org/index.php?option=com_...=featured&Itemid=476 . I'd like more space around the edges.

Thank you!!

In layout.css:

div.item, div.itemContainer, div.userItemView, div.tagItemView, ol.dynlayout_feed li {
border: 1px solid #ccc;
margin: 5px 0px!important;
padding: 10px;
float: left;
width: auto;
-webkit-border-radius: 4px;
-moz-border-radius: 4px;
border-radius: 4px;
}

adjust:

padding: 10px;