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...hallmark of capitalism, before the government got involved in what car company and bank executives were to be paid, was that employees could make as much as management felt they were due based on their contributions to the firms where they worked. The best salesman at a company could earn more than the CEO. The best investment banker at a brokerage firm could earn more than the head of investment banking. Just because a CEO held the highest title at a company did not mean that he had to be paid more than everyone who worked for him. Annual compensation...

Author: /time Magazine | Title: Capitalism Finally Takes Root in Russia | 4/7/2009 | See Source »

French luxury company Hermès has placed its signature style on everything from Bugattis to helicopters, but this time around it has taken a greener approach with its new Toile H Smart fortwo Car, a collaboration in celebration of the 10th anniversary of Smart Car's Parisian distributor, the Como Group. Outfitted in Hermès saddle-stitched leather, the 38,000-euro limited-edition car is available only in Paris and comes in 10 colors?from the classic Hermès red to indigo, sky and lime. Boasting the lowest CO[subscript 2] emissions of any car (88 g/km), this tiny...

Author: /time Magazine | Title: Haute Wheels | 4/6/2009 | See Source »

...when Cambridge Police and the Cambridge bomb squad swarmed the area in response to a bomb threat. Police closed down Massachusetts Avenue, the Harvard Square MBTA stop, and several nearby Square businesses. “Where the T stop was, there must have been like eight or 10 SWAT cars and a big squad car parked there,†said Pierce E. Tria ’10. Tria said he saw Harvard and Cambridge police officers cordoning off Holyoke and Mount Auburn Streets. The scare was precipitated by a call to Cambridge police made by a pedestrian early Saturday...

Author: By Emily J. Hogan, CRIMSON STAFF WRITER | Title: Square Disrupted By Bomb Scare | 4/6/2009 | See Source »

...impressiveness of the car-nage epic's take also surprised the industry analysts who had predicted a weekend figure in the $40 millions; some had thought F&F might finish second to last week's winner, Monsters vs Aliens. Instead, it more than doubled the second-weekend numbers of the DreamWorks animated comedy - though $33.5 million isn't a measly amount for a movie everybody rushed to way back in late March...

Author: /time Magazine | Title: Weekend Box Office: Fast & Furious by a Mile | 4/5/2009 | See Source »

...Traveling offers from B&Bs around the U.S. The various deals give you anything from $75 to $150 in gas vouchers (participating B&Bs include High Haven House Inn in Vineyard Haven, Mass., and Black Bear Inn in Bolton Valley, Vt.); and 10% discounts for driving a hybrid car (at the Craftsman in Pacific City, Ore.); to free picnics for guests who ride bikes instead of driving (at the William Seward Inn in Westfield...

Author: /time Magazine | Title: Hotel Freebies: Yoga Classes and Spa Treatments | 4/5/2009 | See Source »

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