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...carve some of the excess behavior out of the system, companies that take TARP will be required to create an internal panel on "luxury" purchases, the definition of luxury - a jet, fancy office or glitzy sales conference? - being left vague under the "you know it when you see it" rule. It also allows employees to "name and shame" abusers. There's a dose of shareholder democracy too. Companies will have to subject their compensation packages to a nonbinding shareholder vote, popularly known as "say on pay." (See the top 10 scandals...

Author: /time Magazine | Title: Can Obama's Executive-Pay Limits Tame Wall Street? | 2/4/2009 | See Source »

...basic rule of thumb, your father has sex, your mother doesn't. It's not clear how we all come to think this. For those people whose adult children are uncomfortable with this, number one, are you yourself handling this in a way that suits your value system? If the answer to that is yes, which it often is, I think the kids are going to have to adjust...

Author: /time Magazine | Title: Getting Naked Again — Dating After Divorce or Widowhood | 2/4/2009 | See Source »

...Even the rules of this high-school basketball league have been called into question, with demands for mercy rules and protocols for when the scoreboard should be turned off. While these may be useful in younger leagues where the youth players are less able to discern and control their style of play, no rule like this is necessary for high-school competition. A level of maturity and sportsmanship has to be required of the players, and not the rulebook...

Author: By Marcel E. Moran | Title: An Absence of Sportsmanship | 2/3/2009 | See Source »

...basic rule of politics is to avoid offending your allies. Apparently unaware of this tactic, the Czech Republic has decided to celebrate the start of its presidency of the European Union by commissioning a sculpture that is controversial to the point of insult. Entitled “Entropa” and mounted in the foyer of the EU, the eight ton monstrosity takes the form of a model kit, with pieces intended to humorously represent each member country. The humor lies in the shocking nature of the stereotypes selected—Italy, for example, is depicted as a football pitch...

Author: By Olivia M. Goldhill | Title: The Art of Tact | 2/3/2009 | See Source »

...Afterwards, both groups were given two money-sharing games to play. The games were different, but both were devised so that the more the participants cooperated, the more they collectively won. In the second of the two games, there was also a rule that allowed individuals to keep more money for themselves, but it would come at the expense of the group haul. As Wiltermuth and Heath anticipated, the groups that had moved in rhythm earlier, cooperated better later - increasing their collective take. Those who moved at their own speed and tempo were likelier to be looking out only...

Author: /time Magazine | Title: What Sports Fans Get From Chanting and Cheering | 2/1/2009 | See Source »

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