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...Facebook pages, just as they do with videos, status updates and photos of last weekend's party. An estimated 5 million of these notes - that's 125 million facts - have appeared on the website within the past week. Assuming it takes someone 10 minutes to come up with their list, this recent bout of viral narcissism has sent roughly 800,000 hours of worktime productivity down the drain. (Read "Does Facebook Replace Face Time or Enhance...

Author: /time Magazine | Title: 25 Things I Didn't Want to Know About You | 2/5/2009 | See Source »

...first company on the list is The New York Times (NYT). It has been clear for over two years that the newspaper industry is in grave trouble even though internet initiatives have had some modest success. But, the New York Times chose to keep a number of newspaper properties which have been in trouble, notably The Boston Globe. Investors should want to know why the board did not demand a plan for restructuring the company. The easy answer is that the founding Sulzberger family controls enough of the voting power of the board so that actions by other members could...

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

...first official list of Bernie Madoff victims, numbering some 13,500, has been made public in a Manhattan U.S. Bankruptcy Court filing, and the names range from celebrities to average working stiffs. (See a PDF of the official list of victims...

Author: /time Magazine | Title: The Bernie Madoff Client List Is Made Public | 2/5/2009 | See Source »

...review of the massive 162-page document shows Madoff's direct victims but does not list the many other thousands of entities, from banks to charities, that were burned in Madoff pension, feeder and subfeeder funds. In testimony yesterday before the House Financial Services Committee, Harry Markopolos, an early whistle-blower on Madoff's $50 billion Ponzi scam, said there were at least 14 known major feeder funds. (See pictures of the demise of Bernie Madoff...

Author: /time Magazine | Title: The Bernie Madoff Client List Is Made Public | 2/5/2009 | See Source »

...part of the bill," says Larry Sabato, a political science professor at the University of Virginia. "It seems to me that Obama is very likely to embrace the Senate approach. Will Pelosi go along with Obama or join the House liberals in trying to maintain the party's wish list as a big slice of the stimulus bill...

Author: /time Magazine | Title: Obama vs. Pelosi: Can the President Work with the Democrats? | 2/4/2009 | See Source »

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