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...principles of the Comedy Store that this settlement was made," she told the Los Angeles Times's William Knoedelseder. "You might say I was unionized into a corner." Mitzi got a fig leaf of satisfaction three years later, when an administrative law judge for the National Labor Relations Board ruled that the comedians, as independent contractors, could not be unionized. "In my personal view, workman's comp, benefits - those were always in the back of Mitzi's mind as something that would break the Comedy Store," says Hamilton. "I was thrilled," Mitzi says of the ruling. "It meant they never...

Author: /time Magazine | Title: Comedy at the Edge Excerpt | 1/30/2008 | See Source »

...rale may well be wondering why their agony endures, a week and counting after a far bigger scandal that cost it $7.13 billion to unwind - and that subjected its risk control procedures to public mockery. Yet the end is still not in sight. The SocGen's board of directors, meeting in emergency session, left chairman and president Daniel Bouton in place. That action probably wasn't a vote of confidence as much as it was acknowledgment that SocGen's travails have only begun...

Author: /time Magazine | Title: SocGen Boss Keeps Job | 1/30/2008 | See Source »

...board's rejection of Bouton's resignation surprised many observers, considering who has been calling for heads to roll after the bank's staggering losses from allegedly unauthorized speculative activity by Jérome Kerviel, a junior derivates trader. Earlier in the week, French President Nicolas Sarkozy led a parade of government officials signaling expectations that the highest ranks of the bank's management would step up and assume responsibility in the affair. "We are in a system where, when you have a big salary - which is without doubt legitimate - and there is a big problem, you cannot escape your...

Author: /time Magazine | Title: SocGen Boss Keeps Job | 1/30/2008 | See Source »

...Société Générale is in crisis," added Finance Minister Christine Lagarde on the eve of the bank's board meeting. "The board members are there to decide whether or not the person in charge is the best one to steer the ship or if a change of captain is needed...

Author: /time Magazine | Title: SocGen Boss Keeps Job | 1/30/2008 | See Source »

...spent the past year hard at work in a cosmetics factory in this southern Chinese city, and now he's trying to get back home for the holidays. The trip to his hometown outside the central city of Suzhou takes more than 20 hours - if he can board. Around him, hundreds of people push towards an opening in the barrier surrounding the station. A police officer standing behind a fence shouts into a megaphone, calling for order. "I haven't made any money here," Gao says. "But I want to go home to see my mother...

Author: /time Magazine | Title: No Way Home for China's Migrants | 1/29/2008 | See Source »

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