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...period, the executives at Bank of America, GM and the other firms will get awards of stock along with their regular paychecks. The checks can be cashed immediately, but the executives may not sell the stock for up to four years. Also, bonuses are paid in restricted stock, which must be held for at least three years and may be sold only after the firm has repaid what it owes taxpayers. The result is that in most cases, much of what the executives will get paid - in some instances, nearly 95% - will be in long-term stock grants...

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

After all that ruckus about their promotional videos, maybe it’s worth it to check this out. Unless the tagline “what starts clean…must turn dirty” makes you too uncomfortable...

Author: By Michelle L. Quach | Title: Halloween Happenings | 10/31/2009 | See Source »

...only person who thinks so. Earlier this month, French President Nicolas Sarkozy unveiled an "emergency plan" for teaching foreign languages in the nation's schools with the lofty objective that "all our high school students must become bilingual, and some should be trilingual." Why the panic? Because as Sarkozy noted, a nation that spends 5.8% of its annual GDP on education - the fifth-highest percentage in the world - simply must do better than its current rank of 69th among 109 countries on the standardized Test of English as a Foreign Language (TOEFL). To that end, Sarkozy has proposed exposing students...

Author: /time Magazine | Title: Why France Is Pushing Its Students to Master English | 10/31/2009 | See Source »

...with all of these anxieties and prejudices that I approached Edward Snow’s new translation of Rainer Maria Rilke, the early 20th century poet who wrote in German (though he was born in Prague, at the time under Austro-Hungarian control). Before I evaluate the translation, I must admit that I do not speak a single word of German. Accordingly, I will address the book as a reader for whom it was intended: one who does not know the language and therefore needs another to present Rilke’s poetical universe...

Author: By Adam L. Palay, CONTRIBUTING WRITER | Title: Revisiting Rilke's Translations | 10/30/2009 | See Source »

...name or image by his four official charities - the Mandela Foundation, the Nelson Mandela Children's Fund, the Mandela Rhodes Foundation and the Nelson Mandela Institute for Education - and asked the other 44 charities of which Mandela is a patron to sign on as well. Other charitable causes must get the foundation's consent before using Mandela's name. This week, the foundation reprimanded actress Charlize Theron for auctioning off a package of gifts related to the 2010 World Cup in South Africa, which included a 20-second kiss from her and a meeting with Mandela. "Not even the charity...

Author: /time Magazine | Title: McMandela? Protecting the Brand of a Legend | 10/30/2009 | See Source »

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