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...details of the government's role in keeping the lights on at what was once the nation's largest bank will again be on display on Thursday. For the first time, Citi's CEO will testify before the Congressional Oversight Panel (COP), set up by Congress to monitor the government's bailout of the financial system. Elizabeth Warren, a Harvard professor and longtime critic of the banking industry, heads the COP. Also testifying before the panel will be Herb Allison, who runs the Treasury Department's Troubled Asset Relief Program (TARP), the main vehicle the government has used to assist...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

...EESA), which was passed by Congress in October 2008 and which set up the $700 billion bank-bailout fund, the Treasury Department has the ability to officially deem which firms are receiving exceptional assistance from the government. At issue is executive pay. EESA requires the Treasury Department to monitor executive pay at all the firms receiving government assistance. Last summer the Treasury said firms that are deemed to be receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg, has the ability to set compensation...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

Lindstrom is a practitioner of neuromarketing research, in which consumers are exposed to ads while hooked up to machines that monitor brain activity, pupil dilation, sweat responses and flickers in facial muscles, all of which are markers of emotion. According to his studies, 83% of all forms of advertising principally engage only one of our senses: sight. Hearing, however, can be just as powerful, though advertisers have taken only limited advantage of it. Historically, ads have relied on jingles and slogans to catch our ear, largely ignoring everyday sounds - a steak sizzling, a baby laughing and other noises our bodies...

Author: /time Magazine | Title: Neural Advertising: The Sounds We Can't Resist | 3/1/2010 | See Source »

Brown’s vote on this bill has been widely analyzed as a heroic political move. The Christian Science Monitor wrote, “In his first big votes this week for a $15 billion jobs bill, Sen. Scott Brown stunned some conservative supporters by siding with Democrats...

Author: By The Crimson Staff | Title: Much Ado About Nothing | 3/1/2010 | See Source »

...Drummond, chief privacy counsel Peter Fleischer and former chief financial officer George Reyes - each received a suspended six-month jail sentence. The ruling, which Google said it would appeal, has sparked a vigorous debate about the free flow of information and the legal responsibility of Web-platform companies to monitor the type of material that is posted to their sites. (See pictures of work and life at Google...

Author: /time Magazine | Title: Italy's Google Verdict Starts Debate on Web Freedom | 2/25/2010 | See Source »

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