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...expected 2009 bonus payouts. President Barack Obama is considering leveling a fee on financial firms to help the government recoup the costs of last year's bank and auto bailouts. FDIC officials, too, are considering charging banks that pay a large portion of their executive compensation in bonuses a higher fee for its deposit insurance. The U.K. recently adopted a 50% tax on bank bonuses.(See the worst business deals...

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

...logic to charging for bags is that by disaggregating airline pricing, the carriers can collect fees for added services. That's why you are seeing fees for things like exit-row seats or extra-room seats. That makes perfect sense: a better seat equals a higher price. But making us all suffer so the carriers can milk a baggage fee from a few makes no sense, even if it does make some dollars. (See the best travel gadgets...

Author: /time Magazine | Title: Airline Baggage Charges: It's Customer Abuse | 1/13/2010 | See Source »

...consider it a cause for celebration. But an announcement on Wednesday that that same share of us now qualify as obese - and that a whopping 68% of adults and 32% of kids are at least overweight - is being hailed as encouraging news. Why? Because the numbers aren't even higher...

Author: /time Magazine | Title: Obesity News: Americans Not Getting Fatter | 1/13/2010 | See Source »

...which focused on adults, surveyed 5,555 men and women age 20 and older, using their height and weight measurements to calculate what's known as body mass index (BMI). In general, people with a BMI of 25 to 29.9 are considered overweight, and those with a 30 or higher are obese...

Author: /time Magazine | Title: Obesity News: Americans Not Getting Fatter | 1/13/2010 | See Source »

...Pentagon spends nearly 10 times as much as China's official annual defense budget of $71 billion, although military experts believe Beijing's true military spending is substantially higher. But any commotion generated by the Chinese test is somewhat passé. Ballistic missiles follow a predictable arc through the skies that makes them relatively easy to target. But both China and the U.S. have developed low-flying cruise missiles designed to fly underneath such antimissile shields...

Author: /time Magazine | Title: China's Missile Test: A Symbolic Warning to U.S. | 1/13/2010 | See Source »

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