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...real problem with Feinberg's scheme may be its reliance on the market. If we have learned anything from the financial crisis, it should be that the market can get things very, very wrong. So paying more people mostly in stock may result not in his stated goal of pay for performance but in pay for randomness. Feinberg is probably correct that his compensation structure won't hurt these firms' ability to retain top talent. Wall Streeters love to let it ride. The question is whether more people hell-bent on boosting their stock price will produce a better outcome...

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

...seems flippantly dismissive on the subject of fiction, social and political issues draw a more serious response. Asked whether China will ever have a democratic system of government, Han becomes pensive: "I can accept the fact that there's no real democracy or multiparty system in this country in the foreseeable future. There are more urgent and realistic issues, such as press and cultural freedom. At least those issues are not hopeless. And I prefer doing things that are not hopeless...

Author: /time Magazine | Title: Han Han: China's Literary Bad Boy | 11/2/2009 | See Source »

...level of sympathy among the Pakistani public, but is a non-starter with the military, who view the province as a vital geopolitical bulwark against Tehran, Kabul or New Delhi's interests. The political paralysis in dealing with this remote, restive province is another sign, experts say, of the real power the military holds over the country's weak civilian government. "[Pakistani President Asif ]Zardari and his entourage understand what needs to be done," says Harrison. "But they have no ability to get the armed forces and the ISI to cooperate...

Author: /time Magazine | Title: Pakistan's Other Problem Area: Baluchistan | 11/1/2009 | See Source »

...union legislation known as Card Check. But she is endorsed by the National Rifle Association, she supported the Bush tax cuts, and she opposes much of Obama's health care plan. "Whether you agree with Scozzafava or not or whether you like her politics or not, there's this real cognitive dissonance between the woman that we know and this bizarre caricature of her that's being described out there," says Atkinson of WWNY. "Now she's like a stand-in for Mao and it's just bizarre...

Author: /time Magazine | Title: A GOP Civil War in Upstate New York | 10/30/2009 | See Source »

...This statement, aired on state television, killed off whatever flicker of hope liberals had that Medvedev might finally start moving Russia toward real democracy. The humbled opposition has since gone back to their places in the Duma. And the pro-democracy camp can only look with dread to 2012 when Putin is widely expected to run for President again. Whether he realizes it or not, Medvedev may already be a lame duck...

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

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