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...company's value. In fact, companies long ago thought they had figured out a way to shepherd individual interest. "Everyone thought risk-based compensation was equity in the firm," says James Wiener, head of the finance and risk practice at the consultancy Oliver Wyman. Employees at Lehman Brothers and Bear Stearns owned some 30% of their companies. At the end of the day, that didn't matter. Because altering a foundational element of an industry is difficult...

Author: /time Magazine | Title: Reassessing Risk | 11/5/2008 | See Source »

Don’t believe the historical revisionism of the tray lobby! Clearly, when John Winthrop founded the Massachusetts Tray Colony and guaranteed the right to bear trays, he could never have envisioned the world we lived in today! There were no trays at the first Thanksgiving! The Indians taught pilgrims about maize and tray-less dining. At the very least we could have no trays at three of five meals: a tre-fifths compromise, though that was ruled unconstitutional in the seminal case of Roe v. Tray. It’s a simple case of traykle-down economics. Let?...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: A Harvard BeTRAYal | 11/5/2008 | See Source »

...Remember what eight years of Republican rule has wrought: missing weapons of mass destruction, the promises we'd be greeted as liberators, Jessica Lynch, torture, the disintegration of Afghanistan. Also: Enron, WorldCom, Bear Stearns, AIG, Fannie and Freddie, GM, Chrysler, Social Security privatization, the $700 billion bailout. Also: Brownie, John Ashcroft covering up that bare-breasted statue at the Justice Department, Alberto Gonzales politicizing the Justice Department, Harriet Miers, the oil lobbyist who edited those global warming reports. Also: Jack Abramoff, Duke Cunningham, Bob Ney, Tom DeLay, Ted Stevens. Also: the Vice President shot a guy, and the President almost...

Author: /time Magazine | Title: Barack Obama Elected President with Mandate for Change | 11/4/2008 | See Source »

...More troubling is the McCain campaign’s most persistent talking point: that Barack Obama is a naive, idealistic hope-monger who spouts flighty rhetoric without offering real solutions. Such claims bear little relation to the reality of the candidates’ policy proposals. The recent financial crisis offers an illustration: Senator Obama responded to the crisis with steady pragmatism, while Senator McCain naively refused to recognize the fiscal irresponsibility of cutting taxes for the wealthy, and still clings to Republican dogma that the federal government ruins everything...

Author: By Eva Z. Lam, Elise X. Liu, and William Weingarten | Title: Restoring the Promise of Good Government | 10/31/2008 | See Source »

Tucker •propensity of insufferable people to bear the name is noted...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 10/31/2008 | See Source »

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