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...likely to fall short of its assumed goal: reversing a slide in Goldman's public image. That's because the amount the program is likely to generate in donations will be dwarfed by bank bonus payouts. In the next week or so, Goldman and other large financial firms will hand out an estimated $140 billion in 2009 bonuses. Goldman alone is expected to enrich its employees by $18 billion. The large bonuses have drawn scrutiny because they are being paid at a time when the unemployment rate is 10% and many Americans are suffering financially. What's more, many Americas...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...This is the first time there has been a major disaster when this type of service has been widely available," says Yéle Haiti executive director Hugh Locke, whose nonprofit will use the funds to send nutrition bars, candles, hand-cranked flashlights and blankets to Haiti on two FedEx planes this Friday. "People want a sense of participating in the response. There is an emotional need to do something," he adds...

Author: /time Magazine | Title: Donating by Text: Haiti Fundraising Goes Viral | 1/13/2010 | See Source »

...learn a lot about gambling if you're willing to analyze 27 million hands of online poker. Don't have time for that? No worries; sociology doctoral student Kyle Siler of Cornell University has done it for you. His counterintuitive message: the more hands you win, the more money you're likely to lose - and this has implications that go well beyond a hand of cards...

Author: /time Magazine | Title: How Winning Can Mean Losing in Poker and Life | 1/13/2010 | See Source »

...meantime, Lewis has decided to try his hand at a new career path—writing. On Sunday, he went on camera with local “BeLive: The Cambridge Rag” producer Roger A. Nicholson for an exclusive interview in order to promote his book Poison! The Doctor’s Dilemma. Sadly, the book is only available for Kindle or in paperback on Amazon.com, so you can’t boost Lewis’ sales from the COOP...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: The Man Behind the Tylenol Cyanide Murders Might Be Living in Cambridge | 1/13/2010 | See Source »

...still trying to enforce a no-look-back zone on the facts in our book and on his presidential bid. Palin, after all, was a bet that didn't pay off - and probably backfired - for the Arizona Republican. Understandably, McCain isn't keen to admit he played a poor hand. During a Jan. 12 appearance on the Today show, he was asked by Matt Lauer if it was true that his campaign had done only a cursory background check on Palin before selecting her as his running mate. McCain disavowed responsibility for the process used to scrutinize her with...

Author: /time Magazine | Title: The Uncertain Future of Sarah Palin | 1/13/2010 | See Source »

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