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...compensation for its best investment bankers and traders is that, if they leave, overall losses at banks could get worse. People can be profit centers. The most successful ones help offset the red ink created by the series of poor decisions that big financial firms made about mortgage-backed paper and commercial credit loans. It is easy to assess the value of the best traders by looking at a bank's books. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Importance of Paying Citigroup Bankers Bonuses | 4/29/2009 | See Source »

...business leaders. This would allow The Times to free itself from subsidizing The Globe's losses, and allow The Globe to both significantly reduce its tax liabilities and raise donations from readers. These improvements, on top of The Globe's existing advertising and subscription base, would let the paper avoid closure—and perhaps significant layoffs as well. And unlike for most papers, the actual conversion of The Globe to a non-profit would not cost money; after all, there are no owners or shareholders to buy out, as there are for The Times Company as a whole...

Author: By Paras D. Bhayani | Title: Breaking the News | 4/29/2009 | See Source »

...similar model has already been implemented successfully in St. Petersburg, Fla. Decades ago, Nelson Poynter gave his two main media properties, the St. Petersburg Times and Congressional Quarterly, to an eponymous foundation with the directions that the papers were to be run as public trusts. Today, the St. Petersburg Times is perhaps the best newspaper from any small or moderate-sized city. In fact, just last week the paper won Pulitzer Prizes for both national reporting and feature writing...

Author: By Paras D. Bhayani | Title: Breaking the News | 4/29/2009 | See Source »

...this point, the first goal seems ambitious enough. It would truly be a shame if the nation’s most intellectual city were home only to a trashy tabloid and a few free subway papers. Bostonians who think better of their city should not fault Times executives for threatening to close their paper. They should simply offer to take it off of their hands...

Author: By Paras D. Bhayani | Title: Breaking the News | 4/29/2009 | See Source »

...second paper in Nature, published by the same team at CHOP along with scientists at numerous other institutions, looked at a specific kind of genetic change: deletions and duplications of genes. While there are many such changes associated with autism, most are very rare. This paper, however, found an intriguing pattern among two genes already linked to autism and nine newly identified targets. Most play a role in two key systems in the brain. One is the same brain-wiring system - neural cell adhesion - implicated in the first paper. The second is a set of housekeeping proteins - the ubiquitin system...

Author: /time Magazine | Title: Autism Linked to Genes That Govern How the Brain Is Wired | 4/28/2009 | See Source »

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