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...first to exploit that weakness and is building a billion-dollar business built around a gadget aimed at people who read offline. In fact, it has already supposedly sold more than 500,000 of its $359 e-readers, despite their obvious limitations. (Kindles only do black and white text and can't even handle photographs or different fonts properly yet, much less the New York Times Crossword Puzzle...

Author: /time Magazine | Title: Fujitsu's New Reader: A Step Toward the Post-Web World | 3/19/2009 | See Source »

...single largest supplier of financial talent to the government. Critics have been quick to note - and not favorably - the almost uncanny influence of former Goldman executives. Initial phases of the rescue were orchestrated by ex-Goldman chairman Hank Paulson, who was recruited as Treasury Secretary in part by former White House chief of staff and Goldman senior exec Josh Bolten. Goldman's current boss, Lloyd Blankfein, was invited to participate in meetings with the Fed. AIG's Liddy is a former Goldman director and an ex-CEO of Allstate. Another alum, Mark Patterson, once a Goldman lobbyist, serves as chief...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...ordinary Americans. "That is a massive new tax. It's a tax on energy, and it will flow directly through to the consumer in the form of a national sales tax on their electric bill," Senator Judd Gregg, a New Hampshire Republican, said in questioning White House Office of Management and Budget Director Peter Orszag at a hearing last week of the Senate Budget Committee. After a few minutes of Gregg's grilling, Orszag conceded "there will be increased prices...

Author: /time Magazine | Title: Is Obama's Environmental Agenda Losing Out? | 3/18/2009 | See Source »

...held an energy summit as it did for health care, Obama has had an easier time hiring and confirming staff on the environmental front than on the economy or health-care fronts. For example, Obama's special adviser for green jobs, Van Jones, started work at the White House's Council for Environmental Quality on Monday. "There is more action and emphasis than we've ever seen before," says Phyllis Cuttino, director of the Pew Environment Group's Domestic Climate Campaign. "We've seen more commitment from this Congress than we have ever before on global warming...

Author: /time Magazine | Title: Is Obama's Environmental Agenda Losing Out? | 3/18/2009 | See Source »

...unlikely to assuage the outraged. Cummings, for one, says Liddy informed him about the coming bonuses on Jan. 15. So why didn't the Secretary of the Treasury, with all the resources of a government department at his command, know about it until Mar. 10, according to a White House time line? If it was simple ineptitude, it has nevertheless cost his boss, the President, considerable political and popular embarrassment. Geithner's job security may lie in the fact that the White House needs someone - anyone - with the right credentials to run the financial ship amid this storm. But adrift...

Author: /time Magazine | Title: The AIG Bonuses: Getting Mad and Getting Even | 3/18/2009 | See Source »

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