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...Greenberg and Starr say that AIG should not be believed when it says it is pursuing the lawsuit on behalf of shareholders or taxpayers. In a recent e-mail to a blogger, a Starr spokesperson wrote, "By its own admission, AIG is prosecuting these claims for only one purpose: To add hundreds of millions of dollars to a bonus pool available to AIG's top 700 executives...

Author: /time Magazine | Title: AIG vs. Hank Greenberg: Who's More Deserving? | 6/15/2009 | See Source »

...recent study by Walker and his colleagues examined how rest - specifically, rapid eye movement (REM) sleep - influences our ability to read emotions in other people's faces. In the small analysis of 36 adults, volunteers were asked to interpret the facial expressions of people in photographs, following either a 60- or 90-minute nap during the day or with no nap. Participants who had reached REM sleep (when dreaming most frequently occurs) during their nap were better able to identify expressions of positive emotions like happiness in other people, compared with participants who did not achieve REM sleep...

Author: /time Magazine | Title: Wish Fulfillment? No. But Dreams Do Have Meaning | 6/15/2009 | See Source »

...Remains of the Day, won in 1989, Kazuo Ishiguro is the undisputed genius of vagueness, threshold states and constantly shifting surfaces. Now he has turned his attention to the short story for the first time. Nocturnes, subtitled "Five Stories of Music and Nightfall," was written, Ishiguro said in a recent interview, as a unified, organic project from beginning to end. It is much like a novel and unlike most short-story collections, which tend to be a gathering of work published elsewhere over a long period. As such, the collection is tight and assured although the unifying themes that Ishiguro...

Author: /time Magazine | Title: Unhappy Endings | 6/15/2009 | See Source »

...recent weekday in May, Primark's flagship Oxford Street store in London bustled with shoppers snapping up $3.20 T shirts, $1.60 turquoise tank tops and $21 pink chiffon dresses. The fitting rooms were so crammed that some patrons tried on skirts and shirts in front of mirrors on the store floor. Crisis? What crisis? In the six months to February, revenues at Primark, an Ireland-based company that is the U.K.'s second largest clothing retailer, surged 18% to $1.8 billion, with same-store sales up 5%. Operating profits, at $200 million, jumped...

Author: /time Magazine | Title: Storm Riders | 6/15/2009 | See Source »

...What's more, Primark in recent years has invested in upgrading its outlets so the shop floor looks as hip as the clothes. "Primark has been moving into big stores that look as good as any middle-market retailer," says Maureen Hinton, lead analyst at U.K. retail consultants Verdict Research. "If you can pick up a dress for GBP 15 [$24] in a place that looks as good as any other High Street store, it makes the value even better." Even in hard times, it pays to keep up appearances...

Author: /time Magazine | Title: Storm Riders | 6/15/2009 | See Source »

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