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...Monday, New York Attorney General Andrew Cuomo asked eight large banks to turn over data on their expected 2009 bonus payouts. President Barack Obama is considering leveling a fee on financial firms to help the government recoup the costs of last year's bank and auto bailouts. FDIC officials, too, are considering charging banks that pay a large portion of their executive compensation in bonuses a higher fee for its deposit insurance. The U.K. recently adopted a 50% tax on bank bonuses.(See the worst business deals...

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

...this leaves the question of how Neanderthals got their thick-as-a-brick reputation in the first place. "The original idea of Neanderthal dumbness," says Erik Trinkaus, a paleoanthropologist at Washington University (in St. Louis, Mo.), "emerged around the turn of the last century." People back then had a stake in believing that modern humans were the pinnacle of evolution, and because Neanderthals were clearly different physically, they had to be inferior." The new work by Zilhão and his colleagues, says Trinkaus, "is just one more important piece in that puzzle that says these people may have looked...

Author: /time Magazine | Title: What Did the Well-Dressed Neanderthal Wear? Jewelry | 1/12/2010 | See Source »

...Democratic leadership aide. "In this climate, we take nothing for granted. A win is a win, and we need to make sure she pulls this off." In fact, Democrats are now a little less worried about keeping the seat - if anything, the public policy poll did them a good turn, helping to energize otherwise lethargic Dem voters...

Author: /time Magazine | Title: Could the Democrats Lose Kennedy's Senate Seat? | 1/12/2010 | See Source »

Blair's star turn is expected to be so heavily subscribed that the inquiry has launched a public ballot for seats. A key question will be at what point the British government gave pledges to Washington about taking part in military action. The inquiry panel's questions to Campbell revealed for the first time the existence of private letters in 2002 from Blair to U.S. President George W. Bush. The "tenor" of these letters, said Campbell, was "We are going to be with you making sure that Saddam Hussein faces up to his obligations and that Iraq is disarmed...

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

...Hamas' election victory in 2006, and became a full blockade after the movement's militias ejected security forces loyal to Fatah, whom they accused of plotting a coup. The Israelis hope that if they choke off the inflow of even basic goods to a bare minimum, the population will turn on Hamas. Israel has also presented most construction materials from entering the territory, which has prevented the reconstruction of thousands of homes and other structures damaged by last year's Israeli offensive aimed at stopping Hamas rocket fire. Egypt, which controls the only Gaza border crossing outside Israeli territory...

Author: /time Magazine | Title: In the Siege of Gaza, Egypt Walks a Delicate Line | 1/11/2010 | See Source »

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