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...true.) Even though "Wall Street" means the nation's big financial and investing operations, not a geographical location, a disproportionate number of Street people live in Manhattan. Things in the desirable parts of that borough are expensive beyond belief, especially if you have children and feel the need to send them to $40,000-a-year private schools. But these people choose to live in Manhattan...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...JPMorgan Chase or Morgan Stanley higher-up this year is obscene because none of these firms would exist if our government and others hadn't stepped in to save the world financial system. If these companies have all that money around, largely courtesy of us, they ought to send it to the U.S. Treasury. But paying a $250,000 bonus on top of a $150,000 salary to a worker bee is a different story...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...Iranian officials have talked of possibly extending the range of suppliers of enriched uranium to include China - which is fast emerging as Iran's most significant economic partner and is not aligned with the more dire Western reading of Iran's intentions. And Iran will likely insist that it send its uranium to Russia in smaller installments and over a longer time frame, to test the bona fides of its partners without surrendering most of its stockpile at the get-go. But the French and other Europeans warn that such adjustments would be a deal breaker - precisely because their prime...

Author: /time Magazine | Title: Behind Iran's Response on the Nuclear Deal | 10/29/2009 | See Source »

...sentence of three months or less of unpaid labor, according to two refugees in Seoul. The shift may not have been an ideological one: Myung, who served in the North Korean police just last year, says that the regime made the decision because it couldn't afford to send so many people to prison camps. (See rare pictures from inside North Korea...

Author: /time Magazine | Title: Soap-Opera Diplomacy: North Koreans Crave Banned Videos | 10/29/2009 | See Source »

...Secretary Steven Chu has also expressed support, even if somewhat lukewarm, for the nuclear approach, endorsing in September additional loan-guarantee authority for nuclear power and saying that, “If you really want to restart the American nuclear energy industry in a serious way...we [need to] send signals to the industry that the U.S. is serious about investing in nuclear power plants.”Fears about the safety of nuclear power are outdated; since the Three Mile Island incident, there have been no new major accidents either here or in France, whose 59 nuclear reactors provide...

Author: By The Crimson Staff | Title: The Nuclear Option | 10/28/2009 | See Source »

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