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...better selections than the people whom they replace. In many quarters this is considered a sort of governance recidivism. But, that does not mean that the argument is entirely flawed. Pandit, Thain and Willumstad did not do any better than their predecessors. As a matter of fact, they probably did much worse. They were given the specific tasks of ferreting out problems in the companies which they were picked to operate and fix them. Each one expressed optimism about accomplishing their goals only to face the need for government intervention to prevent collapse. Not one of the three simply acknowledged...

Author: /time Magazine | Title: In Favor of Not Firing Bank CEOs | 4/20/2009 | See Source »

...easy task. "We joke all time about the Little Debbies," says Chris Crepeau, owner of Michigan Auction Sales in Holt, Mich. "People always want those specific snack cakes, and pay too much for them." The auction process sweeps up some shoppers - I just want to win, darn it, no matter how much I pay for that dog food. Others figure that while they're at the grocery auction anyway, they might as well spend an extra dollar to secure that ground beef. Beats making another trip to the store...

Author: /time Magazine | Title: Canned Ham, Going Once, Twice: A Rise in Grocery Auctions | 4/19/2009 | See Source »

...extreme - seemingly lethal - conditions is nothing new. Researchers have found creatures living at boiling vents on the floor of the ocean, in desert sands that virtually never see water; fossilized remains of microorganisms have even been found inside of rocks. Antarctic life, however, has always been a more complex matter. Antarctica was once a warmer, wetter land than it is now, but continental migration pushed it from place to place, leaving it - for the current epoch at least - at the bottom of the planet, where it became little more than a frozen desert. Its valleys are some of the driest...

Author: /time Magazine | Title: An Organism Survives Antarctica, and Maybe Mars | 4/18/2009 | See Source »

...woman, Kristy Hammonds, 31, uploaded the video on YouTube. In a matter of days, thanks to Twitter and other viral social media, the clip had been viewed more than a million times and Domino's had an instant crisis on its hands. (The original video has been removed, but copies are still easily available online.) Both Hammonds and the other employee in the clip, Michael Setzer, 32, have been fired from the pizza-delivery chain and now face felony charges for distributing prohibited foods. Hammonds and Setzer say the video was just a prank, and that the unsanitary food...

Author: /time Magazine | Title: Domino's YouTube Crisis: 5 Ways to Fight Back | 4/18/2009 | See Source »

...matter-of-fact dismissal of what appeared to be a fairly serious challenge to the prosecution's case is just one of many reminders that the Arthur Road jail is a long way from the tidy proceedings of "Law and Order." The court allowed the prosecution to present its opening arguments, for example, even though the newly appointed defense attorney had not yet read the 11,000-page charge sheet. (The judge acknowledged that he still hasn't finished the whole thing.) Qasab does not speak English, but there is no Urdu translator to explain the proceedings...

Author: /time Magazine | Title: Mumbai Attacks Trial Offers Rare Glimpse into Indian Courts | 4/18/2009 | See Source »

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