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...spotlight because earlier this year the Financial Accounting Standards Board voted to require companies to treat them as an expense, making clear a cost that had been relegated to the footnotes. The tech world, which claims it needs stock options to attract good employees, has led the opposition. No lesser lights than Warren Buffett and Alan Greenspan have endorsed expensing. Here's the rub: surveys show that if options must be expensed, nearly half the companies with broad plans will cut back grants to the rank and file, while only a handful will cut equity-based compensation to executives...

Author: /time Magazine | Title: Investing: Pocket Pickers | 7/12/2004 | See Source »

...prison for both counts with an additional five years probation. The sentence is significantly less than the maximum 20 years that each count of rape carries. Procopio said that Urban’s lack of a criminal record influenced the prosecution’s decision to seek a lesser sentence...

Author: By Sarah E.F. Milov, CONTRIBUTING WRITER | Title: Former Student Faces Six Years in Prison for Rape | 7/9/2004 | See Source »

...presidential nominee, tied with Aaron Burr, its presumed vice presidential nominee. It took 36 rounds of voting in the House to decide the election in Jefferson's favor. Faced with the prospect of Burr as President, a man he considered unscrupulous, Hamilton not only opted for Jefferson as the lesser of two evils but also was forced into his most measured assessment of the man. Hamilton said he had long suspected that as President, Jefferson would develop a keen taste for the federal power he had deplored in opposition. He recalled that a decade earlier, in Washington's Cabinet, Jefferson...

Author: /time Magazine | Title: Thomas Jefferson: The Best Of Enemies | 7/5/2004 | See Source »

Pittsburgh, Pa., Bishop Donald Wuerl has recently asserted that "sometimes a single issue will be so important that it overrides a whole range of lesser issues." Yet many experts who confirm abortion's import insist that the issue does not impose lockstep political behavior on believing voters. The church allows believers commonsense, or "prudential," latitude in fitting doctrine to political action. That is not license to contradict teaching, but an acknowledgment of the delicacy of its application in the real world. In practice, says the Rev. John Langan of Georgetown University, prudence could translate into supporting Pennsylvania's pro-choice...

Author: /time Magazine | Title: Catholic Teaching: Does Abortion Trump All Other Issues? | 6/21/2004 | See Source »

...thought democracy was about the people choosing their government, not about Democratic and Republican party chairmen forcing us to pick between the two people they support. Although I would much rather see a Democrat in office than Bush again, I refuse to continue to vote for the lesser of two evils. My vote for Nader is not a vote for Bush. It is a vote for Nader, and I hope it will shake up the hegemonic two-party electoral system so in the future voters will have a real choice. ELIZABETH DAWN CREACH Beaverton...

Author: /time Magazine | Title: Letters: Jun. 21, 2004 | 6/21/2004 | See Source »

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