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The investment losses are sure to rankle lawmakers already unhappy with the way the Treasury has handled the first stage of the $700 billion financial-rescue plan. In a hearing on Wednesday, members of the House Financial Services Committee said the Treasury has not done enough to slow foreclosures, increase...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

He should be. After years in the soccer wilderness, the famously dour 52-year-old has just signed a lucrative contract to manage the national team of Thailand, the self-styled Land of Smiles. The former Everton midfielder seems an unlikely choice. Thailand is a well-mannered country where fun...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

Like any expatriate who lands a plum management position overseas, Reid must now wrestle with an alien culture and a tricky language. But unlike other foreign execs, he must manage not a company but a national team - at a time of national crisis. "Football is about nothing," British comedian Peter...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

One reason to be cheerful: a contract reported to be worth $1.5 million a year. While that's small compared to the nearly $9 million Fabio Capello is paid to manage England's national squad, it's very big money by Thai standards. Reid's base salary is 33 times...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

Although still young, Paperless Post is already growing. It is more than choosing snowflakes on cream paper—it is about “organizing formal social behavior without sacrificing formality,” Hirschfeld says. On the Web site, users can keep track of events, manage RSVPs, and...

Author: By Julia S Chen, CONTRIBUTING WRITER | Title: Paperless Post | 12/10/2008 | See Source »

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