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...Treasury established Feinberg's position after Congress passed the American Recovery and Reinvestment Act in February. Feinberg has jurisdiction over the 100 highest-paid employees at the seven firms that the government deemed "exceptional assistance recipients": insurer AIG, financial firms Bank of America and Citigroup, auto companies Chrysler and General Motors and their former finance arms Chrysler Financial and GMAC...

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

...says in general, the companies have cooperated. But there has been tension. Feinberg asked all the firms to report how much stock each of their executives held, a point that a number of execs said might call into question their loyalty to their firm. AIG and a number of its top earners refused to give back past bonuses or rewrite contracts that guarantee multimillion-dollar bonuses at the insurer next year. And a number of companies insisted that his plan would hurt their ability to attract and retain talent...

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

...Bush administration, there were suggestions that Washington was even secretly backing anti-Iranian groups like Jundullah and staging covert operations against Iran from Baluchistan. But a more public effort to reach a just solution for Baluch grievances would go a long way toward securing stability for Pakistan in general. The Baluch disturbances have put on hold plans to build a lucrative gas pipeline from Iran to India via Pakistan - a link that would enhance regional cooperation as well as boost the nation's wealth. Calming separatist passions would also serve as a lesson to the Pakistani military, which, as seen...

Author: /time Magazine | Title: Pakistan's Other Problem Area: Baluchistan | 11/1/2009 | See Source »

Authors are on both sides of the barricades. Opponents of the settlement include silver-maned folk singer Arlo Guthrie and former Deputy Assistant Attorney General John Yoo, author of the so-called torture memos for President George W. Bush. The settlement counts The Joy Luck Club author Amy Tan and noir crime novelist Elmore Leonard among its supporters. The deal has many other supporters as well, from disability rights groups to Dr. Seuss Enterprises and the National Grange...

Author: /time Magazine | Title: The Global Antitrust Battle Over Google's Library | 10/31/2009 | See Source »

Foreign fighters aligned with al-Qaeda make up a large component of the fighters that the army is taking on in South Waziristan. The military's chief spokesman, Major General Athar Abbas, said that some 1,500 Central Asian fighters, mainly Uzbeks, were among the 5,000 to 8,000 fighters that the offensive was targeting...

Author: /time Magazine | Title: Passports of Jihadis Found by Pakistani Army | 10/30/2009 | See Source »

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