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...clear what sorts of limits on executive compensation will be included in the bailout bill. Ideas being batted around include a temporary elimination of golden parachutes (payouts that executives collect when they lose their jobs); a lower limit on the amount of an executive's base salary that companies can deduct from their taxes (currently $1 million); "clawback" provisions to help recoup bonuses paid based on earnings or other metrics that later prove to be inaccurate; and limits on incentives for "excessive" risk-taking...

Author: /time Magazine | Title: Do Caps on Executive Compensation Really Work? | 9/25/2008 | See Source »

...spent a huge amount of money on this trip, a large part of your personal fortune. So far at least, is it worth it? Absolutely. Even kids ask me, Wow, how could you possibly consider spending that much of your personal wealth on this particular event? And what people have to know is, it wasn't that I was looking for a place to go spend some money. It was that I was looking for a way to reach space.. And I've built businesses, and invested, and grown my assets to pull it off. And I've made...

Author: /time Magazine | Title: Space Tourist Richard Garriott | 9/25/2008 | See Source »

...society is like a family and has to live within its means. We took this as an invitation for our families to start borrowing like the Federal Government. So now we have the national debt, credit-card debt, student-loan debt, plus Social Security and other government promises that amount to more debt (although they aren't on the official books...

Author: /time Magazine | Title: The Ponzi Economy | 9/25/2008 | See Source »

...while today's crisis management makes a certain amount of sense, returning to the borrow-and-spend status quo afterward seems like a disastrous idea. If the U.S. is to have a future as an economic power, its long love affair with borrowed money has to end. Right? "I hesitate to say yes, because people--including me--have been saying that it had to come to an end now for years, and it hasn't," says R. Taggart Murphy, an expert on global capital flows who teaches at the University of Tsukuba's business school in Tokyo. Then he adds...

Author: /time Magazine | Title: America's No. 1 Export: Debt | 9/25/2008 | See Source »

...made by the Greenhouse Gas Task Force convened last spring and co-headed by Kennedy School Professor William C. Clark. Clark said that a guest speaker of Gore’s status and the location of the event in Tercentenary Theater reflects that the issue is receiving an appropriate amount of attention from the President’s office. He praised Faust for implementing the recommendations of the task force, and emphasizing the research possibilities of the University. Zachary C. Arnold ’10, chair of the Harvard Environmental Action, praised Gore’s ability to engage...

Author: By Aparicio J. Davis, CONTRIBUTING WRITER | Title: Gore Visit ‘Symbol’ For Green Attention | 9/25/2008 | See Source »

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