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...unemployment rate has risen too, nearing 10%. In stark contrast, Goldman Sachs has set aside some $11.36 billion so far in 2009 in total compensation and benefits for its 29,400 employees. That's about on pace with the record payout the firm made in 2007, at the height of the bubble. Thanks to Andrew Cuomo, the New York State attorney general, we know that in 2008, while Goldman earned $2.3 billion for the year, it paid out $4.82 billion in bonuses, giving 953 employees at least $1 million each and 78 executives $5 million or more (although Goldman...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...Hatoyama's party, nevertheless, appears ready to meet the big challenges his new administration will face. With an economy in crisis, record unemployment and faltering welfare systems, the DPJ is already looking for all the help it can get. The party is expected to meet on Monday with the leftist Social Democratic Party and the conservative People's New Party to discuss the possibility of forming a coalition. As Hatoyama said Sunday night, "We have been fighting, thinking we have to change politics, and now we are about to realize it." The Japanese people have set the ball rolling...

Author: /time Magazine | Title: Japan's Election: Opposition Wins Historic Victory | 8/30/2009 | See Source »

...cutting down on his iron intake. "I had way too much iron in my system," Couture says. Of course, it's natural to wonder if a 46-year-old man can last without performance-enhancers like steroids. UFC fighters, however, do get tested, and Couture's record is clean...

Author: /time Magazine | Title: Randy Couture: Ultimate Fighting's Ageless Wonder | 8/29/2009 | See Source »

...parents will not have the right to make decisions on her behalf for two months, at which time the case will be reviewed. Had her plans not been put on hold, Dekker, whose trip would take two years, would have been on track to shatter the world record for the youngest solo trip around the world, which was broken on Thursday by Mike Perham, 17, from the U.K. But now the Dutch court will have to judge just how young is too young to face the physical and emotional strain of setting out alone on the high seas. (See pictures...

Author: /time Magazine | Title: Is 13 Too Young to Sail Around the World Solo? | 8/28/2009 | See Source »

...years earlier, he had sailed for six weeks across the Atlantic while his father monitored him from a nearby boat. That adventure left him feeling ready to take on the world - but not right away. It took him more than a year to prepare for his record-breaking trip, during which his parents sought out several additional opinions, including those of 12 sailors who'd gone around the world (11 of them were supportive of Perham's attempt) as well as those of sports psychologists. This time, his father stayed home but kept in contact with his son by satellite...

Author: /time Magazine | Title: Is 13 Too Young to Sail Around the World Solo? | 8/28/2009 | See Source »

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