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...Barack Obama seemed at least a little more upbeat. In a statement, he noted that all four principles he laid out last week - increased oversight, taxpayer protections, a provision limiting golden parachutes and measures to help homeowners - were included in the bill. But he added, "When taxpayers are asked to take such an extraordinary step because of the irresponsibility of a relative few, it is not a cause for celebration...

Author: /time Magazine | Title: The Bailout Bill That Nobody Likes | 9/29/2008 | See Source »

...Sunday morning. But a compromise was reached that places a tax on executive salaries and bonuses of $500,000 or more at companies in which the Treasury has bought more than $300 million in assets at auction. For companies in which the Treasury intervenes directly, a 20% surcharge on golden parachutes is instituted...

Author: /time Magazine | Title: The Bailout Bill That Nobody Likes | 9/29/2008 | See Source »

...When Hyman Golden co-founded the Snapple Beverage Corp. in 1972, the company took its name from one of its first products--a carbonated apple soda drink. After building its product line and name recognition in New York through pervasive "Snapple Lady" television ads and the introduction of flavored teas, the company became nationally known, earning $700 million in annual sales before being purchased by Quaker Oats Co. in 1994. Raised in Queens, N.Y., Golden earned his keep in pre-Snapple days by working as a window washer with his Romanian father and later as a business broker...

Author: /time Magazine | Title: Milestones | 9/25/2008 | See Source »

...strains of the metal tradition belies its patent complexity and eagerness to appropriate other musical idioms. “The Unforgiven III” opens with familiar themes of Norse mythology and epic journey: “Set sail to sea, but pulled off course / By the light of golden treasure / How could he know this new dawn’s light / Would change his life forever?” But the string quartet and clutch of trombones that introduce the song, as well as Hetfield’s vividly colored lyrics, make it feel fresh. “Death...

Author: By Kyle L. K. Mcauley, CRIMSON STAFF WRITER | Title: Metallica | 9/25/2008 | See Source »

...back as the penny-saving Ben Franklin and the conquistadores chasing their dreams of golden cities, this has been a country of mixed minds about how to get rich. We extol the conservative Warren Buffett model: selling 4 cent Cokes for a nickel and conscientiously saving the proceeds, investing in quality goods and well-run enterprises and shunning a penthouse on Central Park when a five-bedroom home in Omaha, Neb., will do. At the same time, we're always on the lookout for the next gold rush, the next Powerball, the next bubble. The fact that Wall Street banks...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

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