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...bonus is generally part of base pay. That's especially true for worker bees, who far outnumber CEOs. (The word bonus is a remnant from the days when Wall Street was made up of partnerships. Now that Wall Street's largely owned by public shareholders, it should have long since dropped bonus for contingent compensation or something similar. But hey, the Street, as I said, is tone-deaf.)(See the top 10 financial-crisis buzzwords...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

People who grab every penny they can, using taxpayer money, aren't true capitalists. True capitalists are long-term greedy, to use Goldman's favorite slogan, trying to maximize their take over the long run. The short-term greedy aren't capitalists, they're pigs. And as they say on Wall Street, pigs get slaughtered...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...your faith in the Fed or Uncle Sam. During the 1982-2000 stock-market boom and the long economic expansion, people foolishly began to think that government officials like former Fed Chairman Alan Greenspan (formerly the "Maestro" and the man who helped save the world, now Alan Who?) - were looking after their interests. They weren't. Greenspan's job was to protect the world financial system and the economy, not you. Ben Bernanke's job is the same as Greenspan...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...conversation with Wolfreys at the time he was starting his residency, Murrow said that after a spring cleanup experience, he was not worried about long hours—he had already completed one of “the most difficult tasks he would ever do,” says Wolfreys...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Dorm Crew Imparts Practical Benefits | 10/29/2009 | See Source »

...past eight years, the brother of Afghan President Hamid Karzai has reportedly been on the CIA payroll. The brother has also long been accused of being one of Afghanistan's biggest narcotics dealers (he has vehemently denied both claims). According to the New York Times, the brother, Ahmed Wali Karzai, is a CIA source, providing bases for the CIA as well as the U.S. military and serving as a go-between with parts of the Taliban. If it sounds a lot like Vietnam when Vietnam started to really come apart, it is - President Diem's grotesquely corrupt brother...

Author: /time Magazine | Title: Why the CIA Can't Be Picky About Afghan Partners | 10/28/2009 | See Source »

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