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...emphasis on long-term compensation. But a number of pay consultants say Feinberg might have gone too far in curbing year-end bonuses. "It is fair to say that some of the pay schemes promoted bad behavior and led to excessive risk, but you still need some sort of short-term incentive," says top-pay consultant Don Delves. "People do stuff for money, and they tend to be more motivated by money they can get in the next year [than by] money they may not see for three or five years...

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

Both sides will probably try to cool things down at the coming summit of Southeast Asian nations in Bangkok. Manmohan Singh and Chinese Premier Wen Jiabao are expected to meet on the margins of the meeting, although one conversation is unlikely to sort out their complicated history. Both countries are still absorbed in a game played in miniature: recently, for example, a Kashmiri student was given a Chinese visa that was stapled rather than pasted into his passport, an implicit questioning of Kashmir's status as a state of India. Indian authorities, Guruswamy says, then quietly suggested they might...

Author: /time Magazine | Title: China Vs. India: Will Rivalry Lead to War? | 11/2/2009 | See Source »

With the Heenes, like the Gosselins before them, we're seeing a new kind of show-biz family, a sort of reality-era von Trapps, for whom living in public is a given and privacy negotiable. We can expect to see only more of this in the future. People have got to make a living, after all, and families pull together. They do it for one another. They do it for the show...

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

Honduras has hardly exited its bitterly polarized crisis. Even if Zelaya is reinstated, his powers will be significantly limited by some sort of unity government. Moreover, Micheletti and other coup leaders still feel Zelaya should be prosecuted for defying a Supreme Court order not to hold a referendum on constitutional reform. They were also worried that he planned to eliminate Honduras' ban on presidential re-election and turn the country into a puppet of his left-wing ally, Venezuelan President Hugo Chavez. Those fears were the basis for the June coup. Many Zelaya supporters, meanwhile, feel Micheletti and other coup...

Author: /time Magazine | Title: A Deal Finally Ends Honduras' Coup Crisis | 10/31/2009 | See Source »

...community about Sufism, Quraeshi does not want to be considered an Islamic artist. “It’s a sensitive subject because of all of the horrible things being done in the name of Islam,” she says. “It’s sort of like calling a woman a female artist. You are either an artist...

Author: By Meredith S. Steuer | Title: Middle Ground | 10/30/2009 | See Source »

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