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None of this gets to the core of the issue. What distinguished Wall Street pay in recent years was less its short-term nature (even before the crisis, a large chunk of bonuses was paid in restricted stock that couldn't be cashed in for years) than its staggering generosity. This remunerative largesse extended far beyond the top five or even top 25 executives at big firms. Shortly before its merger with Bank of America at the beginning of this year, Merrill Lynch paid bonuses of at least $1 million to 700 employees--after the firm's worst year ever...

Author: /time Magazine | Title: Pay Wall Street Less? Hell, Yes | 2/19/2009 | See Source »

...including 20 soldiers, at a screening point for IDPs. This kind of asymmetrical warfare--the LTTE was the global pioneer in the use of suicide bombers--allowed a few thousand fighters to hold their own for decades against the Sri Lankan army's 50,000 soldiers. So the most recent army offensive uses a new strategy. The military clears people from every stretch of territory it captures. Those displaced must either seek shelter deeper in Tiger territory or surrender to government forces, which move them into camps. The result is a sort of scorched-earth policy that has helped...

Author: /time Magazine | Title: The Tigers' Last Days | 2/19/2009 | See Source »

...parallels with today are clear, and so are the lessons. Then, as in recent years, some were willing, in the name of security, to trade away the people's rights as if they were written in sand, not stone. For much of this decade, we have read about and witnessed such abuses as the scandal at Abu Ghraib, the disclosure of torture memos and the revelations about the warrantless surveillance of Americans...

Author: /time Magazine | Title: The Case for a Truth Commission | 2/19/2009 | See Source »

...saying that we cannot afford extreme partisanship and debilitating divisions. As we commemorate the Lincoln bicentennial, there is a need, again, "to bind up the nation's wounds." Rather than vengeance, we need an impartial pursuit of what actually happened and a shared understanding of the failures of the recent past...

Author: /time Magazine | Title: The Case for a Truth Commission | 2/19/2009 | See Source »

...Obama Administration to fix those parts of our government that went off course. But to repair the damage of the past eight years and restore America's reputation and standing in the world, we should not simply turn the page without being able first to read it. A recent USA Today/Gallup poll showed that more than 60% of Americans agree that investigating the failed national-security policies of the past eight years should be considered...

Author: /time Magazine | Title: The Case for a Truth Commission | 2/19/2009 | See Source »

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