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...government is going to have to come to grips with the fact that banks have to pay the best bankers even if the idea is unpopular. There is nothing new in this argument, but it is extremely urgent that it be resolved. The results of bank "stress tests" are about to come out and some firms will be asked to raise capital. One of the banks' key arguments for keeping new investment to a minimum is that they have some divisions that are highly profitable and will contribute to earnings to help offset losses. Once the government takes away...

Author: /time Magazine | Title: The Importance of Paying Citigroup Bankers Bonuses | 4/29/2009 | See Source »

...anniversary, the State of the Air seems dwarfed by a much more sinister pollutant lingering in our atmosphere: swine flu ... or Mexico flu ... or flu flu - however you slice it, the toxins we breath every day seem ho-hum in the face of a potential pandemic. So despite the fact that some 58% of the U.S. population lives with unhealthful levels of ozone pollution and about 15% in areas with chronic levels of particle pollution, most Americans will not be fazed. While awareness and proactiveness in terms of addressing environmental problems has increased markedly with the new administration, much...

Author: /time Magazine | Title: State of Our Air: Breathing Still Not Easy | 4/29/2009 | See Source »

...swine flu outbreak that has sparked widespread fear - so much so that Egypt has ordered the slaughter of the country's 300,000 pigs, even though no cases have been reported there - is easy to pin on the eponymous animal from which it emerged, but the fact is, the current epidemic is little more than an accident of evolution. If pigs are to blame, so too are birds and humans. (See pictures of thermal scanners hunting for swine...

Author: /time Magazine | Title: Swine Flu: Don't Blame the Pig | 4/29/2009 | See Source »

...Talk is cheap. There's a difference between the theoretical discussion of the law and its practice. I take very seriously the fact that I have people's economic interests, liberty, and very lives in my hands." -Reflecting on his appointment to the Ninth Circuit Court of Appeals. (Meridian magazine, a Mormon publication...

Author: /time Magazine | Title: Jay Bybee: The Man Behind Waterboarding | 4/28/2009 | See Source »

...Certainly progress and accountability are not necessarily mutually exclusive. In striving to hit that middle ground, President Obama released the CIA interrogation memos and last week left the door open to prosecuting former Bush Administration officials who sanctioned the harsh interrogation of terror detainees. But the fact that the nation, or at least the national media, spent the next few days debating the finer points of the insult slap and waterboarding, shows how easily the search for justice can overshadow everything else. Obama is now at a juncture in his agenda where he will need to bring together as many...

Author: /time Magazine | Title: Obama and the Dems: Look Forward or Back? | 4/28/2009 | See Source »

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