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...Feinberg, 64, holds a unique position in American society. He decides what people - their pain as well as their day-to-day roles - are worth. Appointed 25 years ago to distribute about $200 million to Vietnam vets poisoned by the herbicide Agent Orange, he has become the Solomon of settlement. As head of the 9/11 fund, he held town-hall meetings and met one on one with countless grieving relatives to explain his bottom line on the lost years of mothers and fathers and daughters and sons. "He recognized the astounding amount of sensitivity of the assignment," says former Senator...

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

...executives' base salaries from last year's, though not as much as the firms requested. Total compensation dropped, but to most people, it will look like Wall Street pay as usual. Eight of the 12 highest-paid executives at Bank of America will get more than $5 million for their work in 2009. At Citigroup, 14 execs will get at least that much...

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

...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 for the purpose of sending advertisements to their list of friends. But Wallace...

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

...High-profile judgments like the one against Wallace are the exception to the rule; the majority of spammers go undiscovered and unpunished. Wallace, who already had a $230 million judgment levied against him in a case brought by MySpace last year, has already filed for bankruptcy; the judge in the Facebook case referred the Spam King to federal court to face additional charges, which could carry a prison sentence. The penalties combined are by far the largest ever for spamming - Facebook won an $873 million judgment against a spammer in 2008 that is the largest single penalty...

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

...years, or 20 years? Those of us who served in Vietnam could readily see the same lack of willingness in the South Vietnamese as they mostly refused to put their lives on the line in their war against the North. If the government of a country of 28 million people can't muster enough support to combat 10,000 insurgents, maybe we should be considering other options. John Uffer, DENVILLE...

Author: /time Magazine | Title: A Soldier's Life | 11/2/2009 | See Source »

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