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...pervasive in financial firms and corporate America in general," says Nell Minow, who is the co-founder of the Corporate Library, a research firm that tracks corporate-governance issues. "We need to launch substantive financial reform rather than weighing the faults of one firm versus another." Minow's point is this: spend too much time on Goldman and you miss the fact of how broadly the financial system and the regulations that are supposed to keep profiteers in check failed us. And she's right...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

...international title fight as vendors hawked caramel apples and cotton candy instead of beer and pretzels. TV ratings, however, define the story in immense dimensions, at least for Peru. The Malpartida-Dos Santos bout attracted the largest single TV audience in the country's viewing history. At one point, two-thirds of the viewing audience was watching the fight. (See pictures of the women Ultimate Fighters...

Author: /time Magazine | Title: In Peru Sports, Men Bumble, And Women Shine | 7/3/2009 | See Source »

...life in 36 years," says Ronan Hubert, aviation accident expert and president of the Geneva-based Aircraft Crashes Record Office. "I can't say whether the claims by Comorans of appalling service aboard are valid or not, but service isn't the same as safety, and on that point Yemenia's record speaks for itself...

Author: /time Magazine | Title: Does the E.U.'s Airline Blacklist Make Flying Safer? | 7/3/2009 | See Source »

...first time ever ... taxing health care instead of fixing it. We can't afford John McCain." But in recent days, Obama's top aides have signaled a new openness to the idea. "There are a number of formulations, and we'll wait and see. The important thing at this point is to keep the process moving, to keep people at the table, to keep the discussions going," his top strategist, David Axelrod, said last weekend on ABC. "We've gotten a long way down the road, and we want to finish that journey." (Read "The 5 Big Health Care Dilemmas...

Author: /time Magazine | Title: Will Obama Tax Employer-Provided Health Benefits? | 7/2/2009 | See Source »

...Nobody at this point is - or not many folks - are talking about taxing benefits or completely eliminating the exclusion," Obama said. But he noted that taxing benefits above a certain point - citing, as an example, $13,000 a year - would have some benefits in holding down costs overall. "If you get some Cadillac plan that costs $17,000, then what we're going to do [under this scenario] is you're going to have to pay taxes on that last $4,000," Obama said. "And the idea that is being debated in Congress right now is, Is that a good...

Author: /time Magazine | Title: Will Obama Tax Employer-Provided Health Benefits? | 7/2/2009 | See Source »

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