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...real problem with Feinberg's scheme may be its reliance on the market. If we have learned anything from the financial crisis, it should be that the market can get things very, very wrong. So paying more people mostly in stock may result not in his stated goal of pay for performance but in pay for randomness. Feinberg is probably correct that his compensation structure won't hurt these firms' ability to retain top talent. Wall Streeters love to let it ride. The question is whether more people hell-bent on boosting their stock price will produce a better outcome...

Author: /time Magazine | Title: Wall Street, Meet Ken Feinberg, the Pay Czar | 11/2/2009 | See Source »

...figure can be. The numbers that caused so much shock were a better reflection of the country's long-range economic health. It might take time before we find a replacement for GDP. Until then, there's little point in marking our progress against something that's so clearly wrong...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

...plans. The government can encourage or mandate the inclusion of an insurance/annuity option in 401(k) plans but should not replace the 401(k) with such an option. The suggestion that the 401(k) should be scrapped because some employees near retirement made poor investment choices is wrong. Leave my 401(k) alone...

Author: /time Magazine | Title: Inbox | 11/2/2009 | See Source »

...fear independence may be out of reach campaign for expanded freedoms and guarantees to preserve their language and culture within the Pakistani and Iranian states. Others have taken up arms over the years. Suggestions made by some Pakistani officials linking Baluch separatism to the activities of the Taliban are wrong, says Harrison. Baluch nationalism has always been a secular project; its militant fronts warring with Pakistan, like the Baluch Liberation Army, descend from a tradition of Marxist-Leninist guerrillas that took root in the 1970s. Jundullah, though an avowedly Sunni group, articulates its identity as a rejection of the Shia...

Author: /time Magazine | Title: Pakistan's Other Problem Area: Baluchistan | 11/1/2009 | See Source »

...deputies also called for the resignation of the head of the Central Election Commission, Vladimir Churov, who, in their view, epitomizes all that is wrong with Russia's electoral system. A bearded apparatchik with Coke-bottle glasses, Churov served under Putin in the St. Petersburg mayor's office in the early 1990s. After Putin became President, he paved the way for Churov to lead the election commission, and Churov has since repaid the favor by deflecting the fraud allegations that mar every election in Russia...

Author: /time Magazine | Title: Medvedev Dashes Hopes for More Democracy in Russia | 10/30/2009 | See Source »

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