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...Feinberg had the seven firms disclose what the executives in question earned in the past two years. He then collected data on top executives' salaries in the auto and financial industries. None of those at the bailed-out firms, in Feinberg's view, should receive more than the average pay for that position in their industry. Then he got feedback from within the firms on how well each individual...

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

...None of us can really know the dynamic of the Heenes or how eager Richard's wife and children were to serve his scientainment ambitions. The kids seemed to take to their Wife Swap appearance with foulmouthed gusto. But that doesn't make turning their lives into TV a better idea or make exploiting them in a publicity scheme any less odious. If your kid is puking on the Today show while you keep talking to Meredith Vieira, it's a good sign you've screwed...

Author: /time Magazine | Title: Balloon Boy's Lesson: The New American Dream | 11/2/2009 | See Source »

...Ellroy’s latest dwells too often and for too long on aspects of the plot that, for their sheer monotony, never seem important. The truth behind the robbery and Joan Klein’s identity are both revealed so slowly that the value of surprise is squandered. None of the three protagonists are ever completely invested in the novel’s seeming climax, rendering much of the book’s attention to plot somewhat irrelevant. One passage exemplifies Crutchfield’s divided attentions throughout the novel. “Memo: work on your mother?...

Author: By Heather D. Michaels, CONTRIBUTING WRITER | Title: 'Rover' Runs Red, if Overlong | 10/30/2009 | See Source »

...such system has ever really existed in Russia, and none had ever been promised in such terms. Talk-show hosts and columnists nearly lost their heads interpreting the paper. Was Medvedev actually taking a stand against Putin? Were they preparing to face off for the presidency in 2012? In the weeks that followed, nearly every public intellectual responded to the piece, including former Soviet leader Mikhail Gorbachev and oil mogul Mikhail Khodorkovsky, who had been stripped of his assets and imprisoned under Putin for fraud. Most of them were skeptical. "It is absolutely clear that one leader cannot modernize...

Author: /time Magazine | Title: Medvedev Dashes Hopes for More Democracy in Russia | 10/30/2009 | See Source »

...Reaction from Chirac's office was swift. In a statement released Friday morning, it said the former president was "serene" and "determined to prove in court that none of the jobs still being debated were fake." Chirac also made it clear he wished to be treated "like any other citizen before the law." (See pictures of Paris expanding...

Author: /time Magazine | Title: Chirac Faces Charges. French Shrug. | 10/30/2009 | See Source »

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