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...subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg, has the ability to set compensation for the 25 highest-paid employees at those firms. Other firms receiving government assistance are subject to much less stringent pay rules. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

...have to accelerate our success in North America." Reuss also acknowledged that some of the pressure to get things done faster comes from the board of directors, led by former AT&T chief Ed Whitacre, who is settling into his role as GM's chief executive, and Wall Street veteran Steven Girsky, the UAW's choice for a seat on the board, who is now in charge of GM's strategic planning...

Author: /time Magazine | Title: For GM, It's Two Steps Forward, One Step Back | 3/4/2010 | See Source »

...support of Wall Street - and his statement that the rise of populism is an understandable but "worrisome" response to a sagging economy - is telling. Unlike Palin, whose book Going Rogue was an anecdote-laced grand tour of her household, Romney has penned a sober, substantive tome that traces the decline of the Ottoman Empire and includes graphs of housing prices. With voters consumed with their checkbooks, he ramps up the wonkishness, offering an Index of Leading Leading Indicators and closing the book with a 64-point agenda on issues ranging from tort reform and the construction of nuclear power plants...

Author: /time Magazine | Title: Mitt Romney's No Apology | 3/3/2010 | See Source »

...features distant vocals and more original songwriting based on the lyrics as a whole rather than just the chorus. The refrain very simply states, “And I’m always swinging on this wrecking ball / While you’re building up and breaking down my wall.” Although this is repeated three times throughout the song, the chorus is sung through soft background vocals, allowing the verses between each iteration to steal some of the spotlight. Indeed, those lyrics prove to be some of the most interesting on the album, as Wade sings...

Author: By Chris A. Henderson, CONTRIBUTING WRITER | Title: Lifehouse | 3/2/2010 | See Source »

...populist rhetoric, and its populist nature is now revealed by the fact that it has barely been mentioned in the weeks since the subject was first broached. In the desperate moments following the Massachusetts Senate race, Obama sought an “elite” group to blame, and Wall Street bankers provided a perfect, easy target. His failure to outline a clear plan explains the holdup now preventing banking reform, and his focus on blaming the banks rather than reforming them represents the keystone failure of the populist ideology...

Author: By Peter M. Bozzo | Title: Obama’s Tea Party | 3/2/2010 | See Source »

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