Word: idea
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...Launched by a group of green Atlantans, including Chuck Leavell, a part-time tree planter and full-time keyboardist for the Rolling Stones, MNN is the latest website to try to ride the environmental wave online. (See grist.org, treehugger.org and TIME's own Going Green.) But if the idea behind MNN isn't new, the website's sheer ambition is. Launched in the teeth of the recession and a media apocalypse that has not spared environment-themed properties - the paper edition of the eco-friendly magazine Plenty folded on Jan. 5 - MNN aims to be nothing less than...
...partnership model began to break down in 1970, when upstart Donaldson, Lufkin & Jenrette sold shares to the public. Merrill Lynch followed a year later, and in 1999 Goldman Sachs was the last big firm to go public. Perhaps that was all a mistake. "It's a radically regressive idea, but I honestly think Lehman Brothers would have been better off as a partnership," says Christopher McKenna, a reader in business history at Oxford University's Saïd Business School. "How do you hold these people accountable? The answer is partnership...
...side benefit of Kinsley's proposal is a huge step toward energy independence. Who did not enjoy seeing the OPEC ministers being forced to reduce production because of reduced demand in the U.S. and worldwide? I wonder if our elected representatives will have the courage to pursue Kinsley's idea. Richard Parins, Sarasota...
Still, while Thomas' bold idea is a long shot, talk of more modest clawbacks is in vogue on Wall Street. Clawback provisions have long been standard at venture-capital and private-equity firms, where partners are expected to regurgitate past earnings to make good on unmet promises to investors. And wherever outright fraud can be proved, those who benefited can be forced by the courts to disgorge their gains--as investors who withdrew money from Bernard Madoff's apparent Ponzi scheme before it collapsed might discover in the coming months...
...with a concussion, another broke several ribs and a third lost the tip of a finger. "It's an uncontrolled projectile," says Karin Wolfs, an Amsterdam resident who broke a finger when a beer bike hit her motorcycle in June and sent her flying. "Who came up with the idea to drink beer while driving on public roads?" (See pictures of bikes...