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...slimmed-down Advantage Collection. The trick: boxier floor plans cut out embellishments like bay windows and take fewer materials and less time. A 2,000-sq.-ft. (186 sq m) house can be built for $10,000 to $15,000 less and priced to reflect that, since Barton's main competition is distressed sellers. "The foreclosure and short-sale market is a monster," he says...
...rein in executive pay by not allowing corporations a tax deduction on executive salaries above $1 million turned out to be an object lesson in unintended consequences. Because it exempted performance-based pay, the new limit accelerated an already-in-the-works shift toward using stock options as the main piece of executive compensation. Far from being reined in, executive pay - with help from a bull market in stocks - skyrocketed. (See pictures of TIME's Wall Street covers...
...case for limiting pay at corporations not on government life support rests on two main arguments, Bebchuk says. Top executives are supposed to answer to shareholders, but to a large extent they have been able to determine their own pay packages. Say-on-pay votes and other measures that empower shareholders and outside directors are meant to shift that balance of power. At banks, meanwhile, pay is simply one more risk factor that regulators should keep an eye on. "Once you accept that government is already regulating the business decisions of banks, I don't know why this particular business...
Once again, a TIME article has fallen into the trap of depicting Israeli settlements as the main obstacle to peace in the Middle East [July 27]. The key problem continues to be the unwillingness of the Palestinian leadership and most Arab states in the region to accept Israel as a Jewish state. This is a much more fundamental issue than whether someone in Efrat or Ma'aleh Adumim can build an addition onto their house. Henry Goldberg, CHICAGO...
...Before we leave, we take a picture together with the hiking club, a baker’s dozen falling over each other to crowd around the wooden post. “Mt. Cising Main Peak. 1120 M,” it says...