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...executives were required to donate 4% of their bonuses to charity. For Goldman, that would mean a charitable donation of just over $700 million. And that's if every employee is forced to participate, which is not likely to be the case. Still, even $700 million would be far less than the $12.9 billion Goldman received when AIG was bailed out by the Federal Government. And it's a fraction of what Goldman has been making in the market at a time when the government is spending trillions to support asset prices. In the third quarter alone, Goldman raked...

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

...attain this elusive status - by once again sticking it to the customer. This week's chapter involves a move by Delta, quickly copied by Continental, to raise fees for bags checked at the airport to $25 for the first bag and $35 for the second. (It's $2 less if you check in online...

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

...Harry Reid are likely. "We view the race with Coakley comfortably ahead," says a Senate Democratic leadership aide. "In this climate, we take nothing for granted. A win is a win, and we need to make sure she pulls this off." In fact, Democrats are now a little less worried about keeping the seat - if anything, the public policy poll did them a good turn, helping to energize otherwise lethargic Dem voters...

Author: /time Magazine | Title: Could the Democrats Lose Kennedy's Senate Seat? | 1/12/2010 | See Source »

...weekend, the world got a glimpse of a very different Italy from the one pictured in tourist brochures. But while overturned cars, shattered shop windows and street battles may be a far cry from the tranquil villages in the Tuscan hillsides, the real contradiction uncovered by the violence has less to do with how Italy is perceived by outsiders than with how Italians view the country themselves...

Author: /time Magazine | Title: In Italy, Racial Tensions Explode into Violence | 1/12/2010 | See Source »

...region of Calabria, where Rosarno is located, makes up the toe of Italy's boot. Seasonal migrants - mostly from Africa and Eastern Europe - have long been employed to work in the citrus orchards there. The hours are long, and the wages average less than $30 a day. When Fabrizio Gatti, a journalist for the Italian newsweekly L'Espresso, posed as a migrant worker in 2006, he uncovered a world where beatings were common and exploitation was rife. "You have no contract - no rights," Gatti says. "So if they don't pay you, you cannot go to the police...

Author: /time Magazine | Title: In Italy, Racial Tensions Explode into Violence | 1/12/2010 | See Source »

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