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...Monday, New York Attorney General Andrew Cuomo asked eight large banks to turn over data on their expected 2009 bonus payouts. President Barack Obama is considering leveling a fee on financial firms to help the government recoup the costs of last year's bank and auto bailouts. FDIC officials, too, are considering charging banks that pay a large portion of their executive compensation in bonuses a higher fee for its deposit insurance. The U.K. recently adopted a 50% tax on bank bonuses.(See the worst business deals...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...perched on the set of The O'Reilly Factor, luminous, eager and game, her fans saw the woman they fell in love with in the summer of 2008 - still larger than life on the small screen. Brimming with cracker-barrel charm and acerbic scorn, she ridiculed Barack Obama, championed conservative positions and solutions and attacked as clueless the media, with which she has clashed so often. Her foes, including many of the aides who worked for Senator John McCain on his 2008 presidential campaign, also saw a familiar figure - one who, in their estimation, stumbled over syntax, fumbled with...

Author: /time Magazine | Title: The Uncertain Future of Sarah Palin | 1/13/2010 | See Source »

President George W. Bush was widely criticized for failing to focus before 9/11 on what U.S. intelligence knew of al-Qaeda's threat to America. But was President Barack Obama similarly remiss in the months before the attempted Christmas Day attack on a Detroit-bound airliner? So far, the White House hasn't provided enough information to make the judgment...

Author: /time Magazine | Title: The Flight 253 Bomb Plot: What Did Obama Know? | 1/12/2010 | See Source »

...Oleanna seemed to grow out of the authentic passions of a particular time (just after the Clarence Thomas hearings), when sexual harassment and political correctness were ripe issues. Race, by contrast, seems like a relic of another era. The advent of Barack Obama may not have invalidated Mamet's cynical view of race relations, but it has made it seem shockingly glib and opportunistic. "This isn't about sex. It's about race," goes the exchange that brings down the curtain in one scene. "What's the difference?" Make sense of that line, and you just might be able...

Author: /time Magazine | Title: The Downward Spiral of David Mamet | 1/11/2010 | See Source »

...precisely at times like these that dealing with the world's most opaque regime becomes trickier than usual. When, this past Spring, the North test-fired a long-range missile - in violation of U.N. resolutions and on the very same day President Barack Obama was giving a utopian speech in Prague about his vision for a nuclear-free world - even the President's engagement-oriented advisers on East Asia were furious. They happily went to the U.N. to press for even tighter sanctions against Pyongyang, got them, and then sat back and waited to see if the North's tone...

Author: /time Magazine | Title: Is North Korea Ready to Do (Another) Nuke Deal? | 1/11/2010 | See Source »

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