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...large extent they have been able to determine their own pay packages. Say-on-pay votes and other measures that empower shareholders and outside directors are meant to shift that balance of power. At banks, meanwhile, pay is simply one more risk factor that regulators should keep an eye on. "Once you accept that government is already regulating the business decisions of banks, I don't know why this particular business decision to compensate should be exempted from intervention," Bebchuk says. (Watch TIME's video of Peter Schiff trash-talking the markets...

Author: /time Magazine | Title: Should Executive Pay Be Regulated? | 8/10/2009 | See Source »

Last month the Human Rights Watch issued a report condemning the Equatorial Guinean government’s lack of transparency with respect to oil revenue. This was an important step towards keeping the average citizen’s struggles in the international eye, but as long as American oil companies remain the largest contributors to Equatorial Guinea’s income, it remains to be seen if any parties involved (especially the U.S.) can move beyond words and agreements towards concrete actions...

Author: By James A. Mcfadden | Title: A Tale of Two Guineas | 8/10/2009 | See Source »

...While one little, isolated neighborhood protest is surely not a terminal deterrent for the attitude that has characterized places like Preston Hollow and men like Bush for so long, it was at least an eye-opener. This façade, powerful as it is, will no longer deceive the rest of the nation...

Author: By James K. Mcauley | Title: Requiem for a Neighborhood | 8/9/2009 | See Source »

...later than planned. I ran with hair flying and reporter notebook pages as askew as my rumpled skirt, dashing through the metro tunnels out into the (possibly) blinding sunlight. I knew all about the dangers of “solar maculopathy” and was determined to not make eye contact with my subject—and usually, archnemesis—the sun. A hotline had been established in Hong Kong for the symptoms of eye damage—blurred vision, holes in visual field, afterimages, and reddened perception. Most people didn’t own the proper solar filters...

Author: By Vidya B. Viswanathan | Title: The Revealing | 8/4/2009 | See Source »

...eclipse started, the people who remained waiting on line—unable to get onto the observatory deck with its fancy instruments and filters—abandoned caution and looked towards the sun with naked eyes. I was shocked that they would risk something so huge for something seemingly so unimportant. Nothing is worth irreparable eye damage. But I forgot my shock as I automatically turned with the crowd toward the perfect orange in the sky—eclipse shades luckily donned—and watched the moon ruthlessly vanquish it during the longest total eclipse to occur in Asia...

Author: By Vidya B. Viswanathan | Title: The Revealing | 8/4/2009 | See Source »

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