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...Wall St.'s primary argument for keeping a high level of compensation for its best investment bankers and traders is that, if they leave, overall losses at banks could get worse. People can be profit centers. The most successful ones help offset the red ink created by the series of poor decisions that big financial firms made about mortgage-backed paper and commercial credit loans. It is easy to assess the value of the best traders by looking at a bank's books. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Importance of Paying Citigroup Bankers Bonuses | 4/29/2009 | See Source »

...nation's education achievement tests, and what would Davis, as governor, do about it? "We pat ourselves on the back when we move from 46 to 42 in education," he tells the audience, standing in front of a large blue sign that says, in white and red ink, DAVIS 2010. There are a couple "uh-huhs" and "hmmmms" from the crowd, as the candidate makes clear Alabamans need "more of a sense of ambition than we've ever...

Author: /time Magazine | Title: Can Alabama Spark a Democratic Revival in the South? | 4/28/2009 | See Source »

...While ironing out the original story, the movie adds a wrinkle that will impress many a reviewer with its poignancy. Here the main reporters are career antagonists representing two generations, indeed two species, of daily journalism: he an ink-stained kvetch of the print era, she an online blogger looking for the gossip angle. They might be Cary Grant and Rosalind Russell from the classic newspaper comedy His Girl Friday, except the tension is all professional, nothing romantic. (No time for lovey-dovery; must keep main story moving.) But it is perfectly symbiotic; the two use their complementary skills...

Author: /time Magazine | Title: State of Play: Better on the Small Screen | 4/17/2009 | See Source »

...country," in the words of one organizer; critics accused them of "crashing" the event. The Obamas specifically welcomed gay families this year, distributing tickets directly to gay rights organizations. Another innovation of the Obamas: this year's souvenir egg is designed to be environmentally friendly, using vegetable oil-based ink and wood from "sustainably managed forests...

Author: /time Magazine | Title: The White House Easter Egg Roll | 4/13/2009 | See Source »

...well, also. Because it solely benefits workers making $106,800 or less, it should be a no-brainer for congressional Democrats. Yet Obama could very conspicuously present it as a Republican idea. Would the Republicans run from it on the pretext that we are now too covered in red ink for it to be “fiscally responsible”? Or will they pose for those smiling photographs with Obama that will do little for their own political standing and make Obama seem even more above the partisan fray? Either way, Obama will emerge in a politically stronger position...

Author: By Clay A. Dumas | Title: Diamond in the Rush | 4/9/2009 | See Source »

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