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...Then there is Phibro. Based in Westport, Conn., the unit was originally included among the businesses that Citi wanted to hang on to. And for good reason: Phibro has been profitable every year since 1997, averaging a gain of nearly $400 million a year for the past half-decade. But earlier this year, it was revealed that the head of that unit, Andrew Hall, had been paid $100 million for his work in 2008 and was set to get a similarly large check for 2009. Citigroup is subject to government-imposed pay caps as a term of the financial...

Author: /time Magazine | Title: The Citi Sale That Never Ends | 10/12/2009 | See Source »

...German economic miracle, thousands of guest workers from southern Europe were integrated without major problems. Times have changed. The integration of Turks is not primarily due to economic conditions as your article might suggest, but it is the cultural responsibility both of Germans and Turks. For whatever reason, Turks are often not anxious to learn German, thus missing out on the most important tool for integration. I do not blame the Turks for their habits and lifestyle, I just want to emphasize that there is still a long way to go to achieve full integration, and that some...

Author: /time Magazine | Title: Inbox | 10/12/2009 | See Source »

...away when sitcoms did; it just moved. Even as TV dramas became more complicated and dark, many of them, like Lost, Rescue Me and The Sopranos, also provided some of the funniest moments on television. (Think Christopher and Paulie Walnuts stuck in the Pine Barrens.) And one reason audiences flock to reality shows is that they are often funny - be it because of Tim Gunn's witticisms or Donald Trump's hair...

Author: /time Magazine | Title: No Laugh Track Required: The Comeback of the Sitcom | 10/12/2009 | See Source »

...Comedy of DramaNot coincidentally, none of these shows - with their filmlike editing and numerous outdoor and location scenes - look much like the sitcoms of a decade ago. One reason sitcoms guttered out after Seinfeld may have been their predictability: too many people sitting on couches, peeling off one-liners. Seinfeld was the apotheosis of this kind of comedy, but like Raymond Carver, it inspired numerous lesser imitators that made the same approach seem stale and empty. It takes real genius to pull off a show about nothing...

Author: /time Magazine | Title: No Laugh Track Required: The Comeback of the Sitcom | 10/12/2009 | See Source »

...reason e-readers are getting traction is that competition is driving down prices. Amazon has cut the price of the Kindle by $100 over the past six months, to $259. As e-readers proliferate and price disparities narrow, manufacturers are trying to differentiate their products by adding features such as MP3 players and touch screens. The eSlick by Foxit, based in Fremont, Calif., allows users to listen to songs while reading. Asustek recently unveiled a prototype e-reader with two screens, which would more closely duplicate the traditional reading experience, although the device that the company expects to release later...

Author: /time Magazine | Title: Kindle Killers? The Boom in New E-Readers | 10/11/2009 | See Source »

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