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...losses would be getting $450 million in bonuses. Some of the media put the number lower than that, but Congress and The White House have already complained loudly that any amount of money paid to an operation that helped undermine AIG's viability should get nothing. Edward Libby, the feckless former head of Allstate (ALL) who was brought in to turn AIG around, apparently did not know about the bonuses until recently. In the brief note he sent to the Fed apologizing for the problem he said that the company's hands were tied. The employees getting the money...

Author: /time Magazine | Title: AIG's Bailout and the Price of Doing Business | 3/16/2009 | See Source »

...Edward Humes makes clear in his new book Eco-Barons: The Dreamers, Schemers and Millionaires Who Are Saving Our Planet, a high income-tax bracket gives the rich another advantage: a platform on which they can advance the causes that matter to them. And believe it or not, a surprising number of super-wealthy Americans are using their money to fight for what Humes calls "a secret plan to save the earth." (See the top 10 green stories...

Author: /time Magazine | Title: When the Super-Rich Go Green, They Do It Big | 3/13/2009 | See Source »

...talks have been held in parallel to negotiations orchestrated by Senator Edward M. Kennedy, chairman of the Health, Education, Labor and Pensions (HELP) Committee, which has principally involved outside groups like insurers, doctors, labor and big business. Aides to the bipartisan group of lawmakers, citing the delicacy of the talks, provided no details of the potential agreement. However, the two main sticking points remain how to pay for a plan that some estimate could cost as much as $1 trillion and how to integrate a public, government-run plan into the private system, two aides say. (Read about Obama...

Author: /time Magazine | Title: Bipartisan Senate Group Makes Health-Care Progress | 3/13/2009 | See Source »

...college I will be taking tons and tons of classes that deal with reading books or reading papers or reading articles. This is probably the only class that I will ever take that deals with reading comic books.”—Staff writer Edward F. Coleman can be reached at efcolem@fas.harvard.edu. —Staff writer Bram A. Strochlic can be reached at bstrochl@fas.harvard.edu...

Author: By Edward F. Coleman and Bram A. Strochlic, CRIMSON STAFF WRITERSS | Title: Hitting the Comic Books | 3/12/2009 | See Source »

From its dark opening scene, Zack Snyder’s “Watchmen” establishes a complex blend of murder mystery, social commentary, and unrepentant action flick. This mood is immediately set as brawny Edward Blake (Jeffrey Dean Morgan) fails to fight off an unidentified attacker in his home. Viewers—assuming they have not read the graphic novel—can only speculate as to the assassin’s identity, but Blake knows, telling his killer that their world is a joke before he is hurled out a high-rise window.Creating this world has required...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Watchmen | 3/12/2009 | See Source »

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