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...says in general, the companies have cooperated. But there has been tension. Feinberg asked all the firms to report how much stock each of their executives held, a point that a number of execs said might call into question their loyalty to their firm. AIG and a number of its top earners refused to give back past bonuses or rewrite contracts that guarantee multimillion-dollar bonuses at the insurer next year. And a number of companies insisted that his plan would hurt their ability to attract and retain talent...

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

...ominous discovery - the result of Boero's request that all Italians report their jellyfish sightings - came during a series of unusually prolific jellyfish seasons ? over the past five years. This summer, jellyfish outbreaks forced numerous resorts along the Mediterranean coast to shut their beaches. In Corsica and Tuscany, several swimmers were wounded by Portuguese man-of-wars, jellyfish-like creatures with a potentially fatal sting. In Tunisia, a swarm of jellyfish engulfed a fish farm, killing the year's production of sea bass and sea bream...

Author: /time Magazine | Title: Jellyfish: A Gelatinous Invasion | 11/2/2009 | See Source »

...Australia," says Anthony Richardson, a marine biologist at the University of Queensland in Australia. If the deadly box jellyfish that plague the country's northern beaches migrate south to the Gold Coast, it could have huge implications for the region's multibillion-dollar tourism industry. (See TIME's special report on the environment...

Author: /time Magazine | Title: Jellyfish: A Gelatinous Invasion | 11/2/2009 | See Source »

...warhead, and armored cars for police who fight riots in our streets," said Robert Kennedy in 1968. "It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials." (See TIME's special report on the environment...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

...arrested and charged with earning $20 million off stock trades on the basis of information unavailable to the public. Rajaratnam, whose firm manages $3.7 billion, allegedly relied on a broad network of sources, including executives at IBM and McKinsey & Co., for lucrative tips; one leak about a Google earnings report yielded his firm $8 million in profits in 2007, authorities said. The investigation was the first insider-trading probe to make use of wiretaps and may signal a tougher attitude toward white collar crime in the wake of the Bernard Madoff scandal...

Author: /time Magazine | Title: The World | 11/2/2009 | See Source »

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