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...current task may be even more complex. Feinberg's mid-October report reassessed not only what the top 25 executives of each of the seven firms that received the most government assistance should be paid but also how. Unlike his job with the 9/11 fund, Feinberg's position as pay czar is not one that inspires sympathy. Some think his meddling has made the firms over which he has sway less competitive. Others say he didn't cut enough. But as Wall Street prepares to hand out eye-popping year-end bonuses, the larger question is this: Just how much...

Author: /time Magazine | Title: Wall Street, Meet Ken Feinberg, the Pay Czar | 11/2/2009 | See Source »

...editor of a small Shanghai newspaper, is carefully groomed in an epicene, metrosexual way that is unusual among Chinese males of his age. Affable if slightly wary, he is an old hand at interviews, deftly batting away questions that don't suit him, including most concerning the current state of Chinese literature and his place in it. "It's stupid to try to evaluate one's own works," he says, lacing his answer with frequent expletives. "If you are too humble, people won't take you seriously; and if you think too highly of yourself, it's not good...

Author: /time Magazine | Title: Han Han: China's Literary Bad Boy | 11/2/2009 | See Source »

China's example shows how hard it will be to switch to a more comprehensive measure. But it's also another lesson on how misleading the current figure can be. The numbers that caused so much shock were a better reflection of the country's long-range economic health. It might take time before we find a replacement for GDP. Until then, there's little point in marking our progress against something that's so clearly wrong...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

...homage. From his early covers of Woody Guthrie ballads to his current stint as a satellite-radio DJ, Dylan has been as much an innovator as an advocate for American musical tradition. For Dylan and any other kid growing up in the 1940s and '50s, Christmas songs as interpreted by Bing Crosby and his fellow crooners were folk music. These new versions of such pop classics as "Silver Bells" and "The Christmas Song" may alternate between croaks and moos, but they're reminders that a Christmas LP was a rite of passage into the mainstream for early rockers like Elvis...

Author: /time Magazine | Title: Like a Rolling Snowman | 11/2/2009 | See Source »

...added disadvantage of seeming dated today. But collectively, they showcase much of what makes Chicago theater so distinct and vital. The City of Big Shoulders produces big-shouldered theater as well--thematically ambitious, emotionally juiced, socially impassioned. It's a contrast to the hothouse quality of so much current New York theater: wispy memory plays, absurdist satires, Manhattan-centric relationship dramas, many written by gay playwrights on gay themes. Not that there's anything wrong with that. But there's a big country out there, and right now the freshest breezes onstage are blowing in from the Windy City...

Author: /time Magazine | Title: Chicago Takes Center Stage in New York | 11/2/2009 | See Source »

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