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...Debating what bankers should be paid would have taken weeks and perhaps months. Wall St.CEOs claim that a number of their key managers and traders did make a lot of money for their companies and would argue that these employees should not be responsible for the problems of the failing financial industry. CEOs have said that talented people who don't get paid well will leave. That is a good argument but it should have been clear, even then, that there would be nowhere for these highly paid people...

Author: /time Magazine | Title: How the Government Missed All Those Wall St. Bonuses | 1/30/2009 | See Source »

...competitive and an ultimate high-performance entity. And you cannot have an aligned organization without aligned teams. For an organization to raise its level of performance, every team, on every level, must be a great team. That is to say, it must be aligned, or in sync, in five key areas: 1. Business strategy 2. Business deliverables coming from the strategy 3. Roles and responsibilities at individual and business-unit or functional levels 4. Protocols, or ground rules, for decision-making and conflict resolution 5. Business/interpersonal relationships and interdependencies...

Author: /time Magazine | Title: A Lesson Straight from Mars | 1/29/2009 | See Source »

...they'll launch their biggest lift with the beginnings of a plan to reform Social Security and Medicare, the two entitlement programs that, even before the economy collapsed, were threatening the Treasury with bankruptcy. By any standard, it is a massive three-month agenda fraught with political risk. The key to getting it all done, Summers says, is entering into a "compact" with the country "that this isn't just government as usual throwing money at things." When Obama unveils his annual budget in late February or March, Summers promises that the President "is going to describe the kinds...

Author: /time Magazine | Title: Can Larry Summers Save the Economy? | 1/29/2009 | See Source »

...served as the assistant secretary of defense in the Clinton administration during 1994 and 1995, has been a steadfast supporter of the “key alliance” between the U.S. and Japan, according to Kennedy School professor of international finance Jeffrey A. Frankel...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Rumors Peg Nye As Ambassador To Japan | 1/29/2009 | See Source »

...that Muslims avoid conventional banks in favor of Shari'a-based banking. Because the council's rulings are nonbinding, they are generally observed only by the nation's more conservative Muslims, but its advice is nonetheless often sought by government officials. Last year, for instance, the council played a key part in the controversial ban of the Ahmadiyah religious sect by the governor of South Sumatra. (Read "Should a Pious Muslim Practice Yoga...

Author: /time Magazine | Title: Indonesia's Fatwa Against Yoga | 1/29/2009 | See Source »

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