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Dates: during 2000-2009
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...According to The Wall Street Journal, "The most stringent pay restriction bars any company receiving funds from paying top earners bonuses equal to more than one-third of their total annual compensation." That means that a trader making a modest salary of $400,000 who brings in $50 million in profits for his firm would probably be paid less than $600,000 under the new rules. Most traders get bonuses at year end. Successful traders can make $10 million or $20 million a year in exchange for pumping up their employer's bottom line...

Author: /time Magazine | Title: Can Wall St. Dodge Government Pay Limits? | 2/16/2009 | See Source »

...current economic collapse with precision long before most economists. His forecasts for the next year or so seem reasonable and are widely viewed as a good road map for what is likely to be ahead for GDP and employment. However, he may not be right with his estimate that total banks write-offs due to toxic financial instruments sold by U.S. will be about $3.3 trillion worldwide. That is well above projections by most economists and the IMF. Nationalization of U.S. banks would cause hundreds of billions of dollars of losses to the common and preferred stockholders in the firms...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...problem is that it is not easy to count every person in the United States, and some communities are disproportionately left out of the total. The 1990 census missed an estimated 8 million people - mostly immigrants and urban minorities - and it managed to double-count 4 million white Americans. Recent or illegal immigrants are often reluctant to answer questions in a government survey, and many experts fear that concerns about government misuse of personal data post-9/11 could hamper participation in the 2010 census as well. Children have also traditionally been underincluded in census totals...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

...This is the third aquatic documentary Howard Hall has directed for Imax, after Deep Sea 3-D and Into the Deep 3-D. Shot mostly in coral reefs around Indonesia and Australia, this one required lugging enormous equipment (total weight: 8,000 lb.) about in boats and logging vast numbers of hours under the sea for a mere 40 minutes of screen time. But the brevity of the film, and the spectacular oddness of the creatures, leave you - and, perhaps more crucially, your children - wanting more. Awww moments, the tentpoles of so many nature documentaries, are mostly reserved...

Author: /time Magazine | Title: Under the Sea: Fish Tales in 3-D | 2/13/2009 | See Source »

...maximum potential profit will go down. For a 30% decrease in principal, the math works out to some $3 trillion potentially lost on residential mortgages as of mid-2008, according to the Federal Reserve. But if Americans keep defaulting on these mortgages and asset values continue to crash, the total loss to the financial world will be far greater than $3 trillion...

Author: /time Magazine | Title: A Better Bank Fix: Cut Every Mortgage's Principal | 2/13/2009 | See Source »

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