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...government, and the stimulus legislation he signed into law on Feb. 17 sharply restricts bonuses for the 25 highest-paid employees of any company that has taken bailout money. While Wall Street is unhappy about these measures, its bosses agree (publicly, at least) that they must do a better job of linking pay to long-term profitability rather than short-term jackpots...

Author: /time Magazine | Title: Pay Wall Street Less? Hell, Yes | 2/19/2009 | See Source »

Obama laughed. He knew better than anyone else that it would take some mighty brainpower--and luck and political genius--to get this next stage right. Orszag had been working the problem for months, leading a four-hour meeting on his birthday, Dec. 16, in Chicago, at which Obama showed up with a vanilla cake. Orszag, Summers, Treasury Secretary Timothy Geithner and Orszag's deputy Robert Nabors agreed that there was no avoiding a deficit this year of about $1.5 trillion, including the bank bailout and the stimulus bill. They were prepared to swim even deeper into the red next...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...Characteristically, the Propeller-Heads think they can tackle this problem in part through better data processing. First, a massive investment in health-information technology will track how America's health-care dollars are being spent. Next, a $1.1 billion government study, funded as part of the stimulus package, will take that information and figure out which treatments get the best outcomes for the least money. Which makes more sense for a clavicle fracture: a simple sling and waiting six weeks or surgical repair with a stainless-steel plate? The final step could be to create a federal health-care board...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...Netflix carries nearly 1,400 of them, along with 100,000 of the old models. They are Blu-ray discs. This Sony video format, having won a staring contest with rival HD DVD, is now officially the next generation in home entertainment. The promise is that movies will look better than ever, duplicating and perhaps surpassing the big-screen experience. Manufacturers and film companies, investing zillions in the process, want you to say, Wow! But first they want you to buy the stuff. A Blu-ray player is about $200 to $700, and the discs cost a few dollars more...

Author: /time Magazine | Title: Is Blu-ray Worth Getting? | 2/19/2009 | See Source »

...touch them. The sensation is the same with old black-and-white films like The Third Man, where the Vienna streets gleam with an almost erotic palpability. Any movie that looks good in another format - Sleeping Beauty, Raging Bull, Chungking Express, The Passion of the Christ - will look better on Blu-ray. Different, deeper, better. Realer...

Author: /time Magazine | Title: Is Blu-ray Worth Getting? | 2/19/2009 | See Source »

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