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...expected to enrich its employees by $18 billion. The large bonuses have drawn scrutiny because they are being paid at a time when the unemployment rate is 10% and many Americans are suffering financially. What's more, many Americas believe Goldman and others only survived because of taxpayer support, and now are unfairly profiting from the government bailouts...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...report insisted that there was no U.N. mandate for the attack. "There was insufficient legitimacy" for the invasion, commission chairman Willibrord Davids said. Although the commission quashed rumors that the Netherlands played a military role in the invasion, it is still expected to embarrass Balkenende for offering vital political support despite flimsy evidence of Iraq's threat...

Author: /time Magazine | Title: Top Blair Aide Testifies at British Inquiry on Iraq War | 1/12/2010 | See Source »

...cake, she doesn't exactly match the ideal of a German hausfrau. Her second husband, an eminent chemist, often ducks out of official events. "He needs the working day for his science," says Merkel. Such attitudes may have annoyed traditionalists, but her quiet determination has helped her gain broad support well beyond the Christian Democrats' core voters. Even among those who identify themselves as Social Democrats, Merkel's unstuffy pragmatism, social liberalism and commitment to fighting climate change - a key issue in Germany - have made her surprisingly popular. A December poll by Germany's Infratest Dimap Institute showed Merkel...

Author: /time Magazine | Title: Angela Merkel's Moment | 1/11/2010 | See Source »

Dobbs could be a credible spoiler. One poll showed him attracting Perot-like presidential support, in the low teens. And the temptation is understandable, because the barrier between politics and media stardom has been getting more porous. Al Franken went from SNL star to radio host to Senator. Mike Huckabee has a show on Fox News. Sarah Palin left Alaska's governorship to be an author and a media gadfly. Glenn Beck recently announced a political-activist movement involving a "100-year plan" for America...

Author: /time Magazine | Title: 2010 and On: Pundits Get Ready for Their Close-Up | 1/11/2010 | See Source »

...reaction due to the fact that Iceland is a small country?" Latvian Foreign Minister Maris Riekstins asked on Jan. 7. "It is difficult to imagine that similar comments would be heard if, for example, such a step had been taken by the French President." Iceland has also garnered the support of the Jubilee Debt Campaign, a British antipoverty organization. "Iceland's President was correct to assert that states in debt have rights that trump the rights of creditors to bleed their economies dry," says Nick Dearden, the group's director...

Author: /time Magazine | Title: Isolated Iceland: Why Reykjavik Is Defying Europe | 1/11/2010 | See Source »

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