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...hours a week, but constantly talking about job insecurity. Wall Street bankers understand that they are liquid people. It's part of their culture. I had bankers telling me, "I might not be at my job next year so I'm going to make sure to get the biggest bonus possible." I had bankers who advised the AOL-Time Warner merger saying, "Oh, gosh, this might not work out, but I probably won't be here when it doesn't work out." I looked at them like, "What?" Their temporality is truncated...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

...still can't eat whatever they want whenever they feel like it. The space station operates on a 16-day menu cycle, and each astronaut is allotted two cases to fill with any type of non-perishable goods, such as Pringles or M&Ms. Sometimes NASA sends up a bonus item, like a birthday cake...

Author: /time Magazine | Title: What Do Astronauts Eat in Space? | 7/20/2009 | See Source »

...been coming to camp for years but hadn't signed up yet for 2009. He heard details about grandparents who had footed the bill for camp losing their money to Bernie Madoff. He heard about parents who worked on Wall Street no longer getting a big enough bonus to cover camp. And the list went on. To keep his loyal campers coming back, he cut some deals: while everyone paid the same, more families than ever set up payment plans. "In the macro picture, we're in the same place we've always been, but in the micro picture...

Author: /time Magazine | Title: The Recession Hits Summer Camp | 7/2/2009 | See Source »

...appointment raises a number of questions, including whether someone like Warren can compel staffers at the Treasury Department to hand over sensitive data - the crux of her job. The bonus scandal at AIG, the former insurance giant that is now a ward of the Federal Government, was a strong indication that some of those responsible for dispensing funds from the Troubled Asset Relief Program (TARP) lost track of the cash. Which raises a more philosophical point: Is it even possible to know where the money is going? And if so, is Warren, a Washington outsider who's still feeling...

Author: /time Magazine | Title: Elizabeth Warren: Riding Herd on the Bailout | 6/22/2009 | See Source »

...Starr's lawyers argue that the case rests on documents that were drawn up in 1970, around the time AIG became a public company; there appears to be no requirement that Starr use the stock as part of an AIG bonus program forever. In fact, the program had to be renewed every two years...

Author: /time Magazine | Title: Greenberg on the Stand: Is the Ex–AIG Chief Lying? | 6/17/2009 | See Source »

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