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...clear what sorts of limits on executive compensation will be included in the bailout bill. Ideas being batted around include a temporary elimination of golden parachutes (payouts that executives collect when they lose their jobs); a lower limit on the amount of an executive's base salary that companies can deduct from their taxes (currently $1 million); "clawback" provisions to help recoup bonuses paid based on earnings or other metrics that later prove to be inaccurate; and limits on incentives for "excessive" risk-taking...

Author: /time Magazine | Title: Do Caps on Executive Compensation Really Work? | 9/25/2008 | See Source »

...trying to find a way to make it new. But there are also great ones, like the 1991 Triptych. In all three panels, a large black square is placed like a window within a flat, beige background. In the center, a figure barely recognizable as human flows over the lower edge of the black square. On each side panel, Bacon appears as a painted photograph of his own head pinned to the space above a pair of disembodied legs. Each of these has one foot stepping into the blackness. It's a portrait of the artist bowing out, dying...

Author: /time Magazine | Title: Francis Bacon: Tragic Genius | 9/25/2008 | See Source »

...North Greenland Eemian Ice Drilling (the acronym is Danish, as are the leaders of the project), and the scientists are digging deep into the Greenland ice--more than a mile and a half deep to be precise--to try to understand its pedigree. Depth is time, and the lower you go, the further back in history you travel. As ice formed in Greenland, year after cold year, bits of atmosphere were trapped in the layers. Drilling into the ice and fishing out samples--ice cores--that contain tiny bubbles of that ancient air can reveal the temperature, the concentration...

Author: /time Magazine | Title: Unfrozen Tundra | 9/25/2008 | See Source »

Much of Nick & Norah was shot on the Lower East Side, a grimy area that Sollett polishes into a wonderland where parking spaces are always available and the street people are genial poets. He has also enlisted stalwarts from Saturday Night Live (Seth Meyers, Andy Samberg) and the Harold & Kumar movies (John Cho). But this film doesn't need the validation of older comics; it's got winning stars in their early 20s who are true both to this moment and to old star quality. In the 1930s, Hollywood had The Thin Man, with the married couple Nick and Nora...

Author: /time Magazine | Title: Nick & Norah's Infinite Playlist: Enchanted Evening | 9/25/2008 | See Source »

They might soon have their chance. Aso is expected to dissolve the Parliament's Lower House and call for a general election by the end of October, a move that would allow the LDP to capitalize on Aso's popularity and the honeymoon period that new prime ministers often enjoy. But it would also open the door for DPJ members to gain seats in Parliament. The DPJ has made a career out of being the naysayer opposition party to the LDP, and has recently had some success in eroding public support for its political rival, capitalizing on issues like...

Author: /time Magazine | Title: Clock Starts Running for Japan's Aso | 9/24/2008 | See Source »

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