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...Many people have praised him for his emphasis on long-term compensation. But a number of pay consultants say Feinberg might have gone too far in curbing year-end bonuses. "It is fair to say that some of the pay schemes promoted bad behavior and led to excessive risk, but you still need some sort of short-term incentive," says top-pay consultant Don Delves. "People do stuff for money, and they tend to be more motivated by money they can get in the next year [than by] money they may not see for three or five years...

Author: /time Magazine | Title: Wall Street, Meet Ken Feinberg, the Pay Czar | 11/2/2009 | See Source »

...mail account knows the acute frustration of being inundated with offers of pills from virtual pharmacists, financial propositions from Nigerian princes and pictures for fetish sites that really, really shouldn't exist. Spam has even gone beyond e-mail: like kudzu, it adapts to clog whatever online inbox you might choose. On Oct. 30, the social-networking site Facebook won a $711 million judgment against the self-proclaimed "Spam King" Sanford Wallace. Wallace, a professional e-mail marketer from New Hampshire who also likes to be called Spamford, used ill-gotten passwords to surreptitiously log into user accounts...

Author: /time Magazine | Title: Spam | 11/2/2009 | See Source »

...With so many different technological avenues for spamming, the best solution might be a legal one. In 2003, the U.S. passed the CAN-SPAM Act, which gives the Federal Trade Commission some regulatory power to curb spammers. CAN-SPAM regulations require that any commercial messages provide a means for recipients to opt out, prevent the modification of e-mail headers to hide the identity of a sender and stop the use of e-mail addresses harvested from the Internet without permission. Still, there's a very clear loophole: nowhere in the CAN-SPAM regulations does it say that spammers need...

Author: /time Magazine | Title: Spam | 11/2/2009 | See Source »

...reversed, with Chinese firms taking 74% of new installations, says Jun Ying, chief China representative for the consulting firm New Energy Finance. In fact, the number of Chinese turbine manufacturers has expanded so rapidly that the government, fearing a glut, warned in October that applications for new factories might not be approved...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

...wholeheartedly agree with Michael Schuman's views in "American Lament" [Oct. 12]. America's influence, reach and power is waning, but on the other hand, we read President Obama's compelling speeches on the Internet, follow the Nasdaq index, and accept the U.S. dollar as a base currency. America might have lost its direction in recent years, but I believe the best is yet to come under Obama's leadership. Sirinthra Malhotra, Bangkok, Thailand...

Author: /time Magazine | Title: Inbox | 11/2/2009 | See Source »

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