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...real problem with Feinberg's scheme may be its reliance on the market. If we have learned anything from the financial crisis, it should be that the market can get things very, very wrong. So paying more people mostly in stock may result not in his stated goal of pay for performance but in pay for randomness. Feinberg is probably correct that his compensation structure won't hurt these firms' ability to retain top talent. Wall Streeters love to let it ride. The question is whether more people hell-bent on boosting their stock price will produce a better outcome...

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

...Heenes or how eager Richard's wife and children were to serve his scientainment ambitions. The kids seemed to take to their Wife Swap appearance with foulmouthed gusto. But that doesn't make turning their lives into TV a better idea or make exploiting them in a publicity scheme any less odious. If your kid is puking on the Today show while you keep talking to Meredith Vieira, it's a good sign you've screwed...

Author: /time Magazine | Title: Balloon Boy's Lesson: The New American Dream | 11/2/2009 | See Source »

...local newspapers. The ads begin, "Due to losses caused by Bernie Madoff," and then detail such treasures as original art by Peter Max, Salvador Dalí and Norman Rockwell - as well as Rolex watches and "other flashy items" - that are to be sold to "recover losses from Ponzi scheme." Trouble is, it's hard to tell whether any of the merchandise at these auctions was owned by Madoff or those he ruined or if the ads are just a dubious way to drum up traffic for run-of-the-mill estate sales. (See a Madoff family photo album...

Author: /time Magazine | Title: Coming Soon to Your Town: Fake 'Madoff' Auctions? | 11/2/2009 | See Source »

...case focuses on a false employment scheme that Chirac was allegedly involved in toward the end of his time in the mayor's office from 1994-1995. Chirac and members of his City Hall staff are suspected of having created nearly 500 fictional consulting jobs for members of Chirac's conservative party - a way of paying people for political work out of public coffers. Twenty-one of these suspicious positions are cited in Simeoni's dossier. Chirac was constitutionally banned from giving testimony in the case while he was president from 1995-2007, but he admitted after leaving office that...

Author: /time Magazine | Title: Chirac Faces Charges. French Shrug. | 10/30/2009 | See Source »

...hammer out concrete proposals. The method is similar to the process Pelosi went through in crafting her highly successful Six for '06 campaign that helped the Democrats retake control of the House, involving six core Democratic issues that she pledged to push legislation on if elected. Cantor's scheme also shares some DNA with the 1994 Contract with America that helped Republicans win the House. "The essentials are the same: these are the issues that are impacting Middle America that are being ignored by the majority, and if you elect us, they won't be left out," says Dick Armey...

Author: /time Magazine | Title: How the GOP Hopes to Overcome 'Party of No' | 10/29/2009 | See Source »

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