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...Lichtenstein and Andy Warhol. In 2007 the collection was assessed by the auction house Christie's to be worth around $350 million. The downturn in the art market since last fall makes its value today anybody's guess, but it would still command a sizable sum. Brandeis trustees insist that if they can't raise money by selling art, they will have to reduce staff by 30% - there were already cuts last year - or eliminate 200 of the school's 360 faculty members. (Read Richard Lacayo on earlier cases involved protested sales by museums...

Author: /time Magazine | Title: Brandeis' Attempt to Turn Art into Assets | 2/5/2009 | See Source »

...boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi's most prominent members have left, probably not entirely of their own volition. The board at B of A has been savagely attacked over the last several weeks because it did not insist on better due diligence in the buyout of Merrill Lynch and for allowing large bonuses to be paid to employees after the firm had taken TARP money...

Author: /time Magazine | Title: Boards Refuse to Act Despite Poor Governance | 2/5/2009 | See Source »

...boss. Petrov is deliberately cagey about business prospects. Yes, an economic crisis is now raging, "but this is not the first time we've had one," he says. Indeed, back in 1998, Denisov says mysteriously, "it was a crisis that helped us move a step ahead." Business, both insist, has not been affected. But press Petrov on prospects for the year and he shifts uneasily in his seat. "We will be making some corrections," he finally concedes. Putin himself couldn't have put it better. The question is, Just how much pain will Russians have to endure before the government...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...statement caused an immediate uproar within the ranks of Obama's religious supporters, who pushed him to back off from the promise to undo Bush's Executive Order. He has not done so publicly, but several of them insist that Obama and his aides have given them private assurances that there will be no rapid movement to change the status quo with regard to religious hiring. If so, it would be a rare case of political ham-handness by the Obama team, because his secular supporters say they have been assured that the hiring change will take place...

Author: /time Magazine | Title: Obama Tries to Renew Faith in a Faith-Based Office | 2/5/2009 | See Source »

...Physicians may advise a patient to transfer only one or two embryos, but the patient may insist on double the number - or more. "Doctors' attorneys are advising them, 'You have to do it,' " says Sean Tipton, spokesman for the ASRM. "The courts have made clear that decisions about what to do with embryos are in the hands of patients, not in the hands of physicians...

Author: /time Magazine | Title: Octuplets Fallout: Should Fertility Doctors Set Limits? | 2/2/2009 | See Source »

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