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...share an interest in seeing these companies return taxpayer dollars as soon as possible, and Ken today has helped bring that day a little bit closer." - Treasury Secretary Timothy Geithner, in a statement about Feinberg's rulings on executive pay (Reuters...

Author: /time Magazine | Title: Compensation Czar Kenneth Feinberg | 10/23/2009 | See Source »

...Similarly, on Oct. 19, PhRMA put out a statement calling for a "fair period of data protection" of 12 years at a "bare minimum." To defend its position, the group cited Duke University economist Henry Grabowski, whose work it has funded, and two patient groups. One, called RetireSafe, receives regular infusions of "general operating support" from Pfizer and operates out of a small Washington law-firm office. It has been blitzing Capitol Hill with letters arguing that guaranteeing biologics makers fewer than 12 years of exclusivity in the use of their data could cost lives. The other group, the Alliance...

Author: /time Magazine | Title: How Drug-Industry Lobbyists Won on Health-Care | 10/22/2009 | See Source »

...first G-20 nation to raise interest rates, hiking its key rate by a quarter of a percentage point, to 3.25%. With "inflation close to target and the risk of serious economic contraction in Australia now having passed," Reserve Bank of Australia Governor Glenn Stevens said in a statement, the central bank decided that it was now "prudent to begin gradually lessening the stimulus provided by monetary policy." Meanwhile, in other industrialized nations still suffering from high unemployment and yawning excess capacity, policymakers are in no hurry to tighten. In the U.S., the Federal Reserve has indicated that...

Author: /time Magazine | Title: Can the World Agree on a Stimulus Exit Plan? | 10/22/2009 | See Source »

...slaughter of civilians in Darfur and credibly implement the 2005 peace agreement between the Arab north and the animist and Christian south. While the exact carrots and sticks remain classified, advocacy groups have responded to the overall approach with cautious optimism. The Save Darfur Coalition released a statement saying it cautiously welcomes the new policy but that "its success will depend on implementation backed by sustained presidential leadership." (See pictures of Darfur descending into chaos...

Author: /time Magazine | Title: Darfur Activists Frustrated with Obama's Sudan Policy | 10/22/2009 | See Source »

...Sudan watchers; Gration's own first choice was to head NASA. And as a plainspoken first-time diplomat, Gration hasn't exactly been careful with his choice of language. Before a Senate Foreign Relations Committee in late July, Gration testified that sanctions on Sudan should be loosened, a statement he had to retract within days. Earlier, he asserted that only "remnants of genocide" remain in Darfur, provoking fury from Darfur advocacy groups and directly contradicting his boss's position: Obama has said three times since January there is currently a genocide in Darfur. (See pictures of solar cookers for Darfuri...

Author: /time Magazine | Title: Darfur Activists Frustrated with Obama's Sudan Policy | 10/22/2009 | See Source »

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