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...plus side, Wall Street firms are expected to pay out $14 billion in year-end bonuses this year. It's still a lot, and most likely much more than what the firms would have paid out had the government not decided to bail out the financial sector. But bonus pay is down just over $19 billion from a year ago. What's more, Brad Hintz, an analyst at money manager Sanford Bernstein, predicts Wall Street employment will drop from its mid-July peak by around 43,000 employees by the end of next year...

Author: /time Magazine | Title: New York City Feels the Brunt of Wall Street's Crisis | 10/31/2008 | See Source »

...ones--inside the country to quell the Taliban and al-Qaeda threat. Currently there are only about 65,000 coalition forces (including 33,000 U.S. troops) on the ground, in addition to some 70,000 Afghan army personnel--of whom fewer than half can fully function on their own--plus an ineffective police force. Iraq, by contrast, has some 160,000 coalition troops and a nearly 600,000-strong professional national-security force. If there is to be a surge at all, it will most likely be an Afghan one. The U.S. has pledged $20 billion to nearly double...

Author: /time Magazine | Title: A Tale of Two Wars: Afghanistan | 10/31/2008 | See Source »

...Plus, with the Apple tax comes peace of mind. A major virtue of Steve Jobs' control-freak ways is that if something goes wrong with your computer, you know whom to blame. You call Apple or go to the Genius Bar at an Apple store. End of problem. With a PC, though, you have to try to figure out if you've got a hardware problem or a software problem. Invariably, you will be wrong, and the Microsoft-support rep will refer you to the PC manufacturer. Or vice versa. Repeat...

Author: /time Magazine | Title: Born to Hand Jive | 10/31/2008 | See Source »

...federal prison closest to anchorage sits in tiny Sheridan, Ore., where the fenceless minimum-security wing already houses 491 inmates, including a few Alaska legislators who were greased by oil money. There's an outdoor track, plus lots of fresh air perfumed by local vineyards and what former Anchorage state representative Tom Anderson calls "very professional and respectful staff...

Author: /time Magazine | Title: Last Stand | 10/31/2008 | See Source »

...ensure students stay on track. The program is only a few years old, but the state's graduation rate appears to be rising. The new call for federal data will help other states determine whether a program like Georgia's would be a good use of their resources. Plus, more accurate information may ultimately make the dropout problem "seem more manageable," Kondracke says. "We can't move forward until we can measure where...

Author: /time Magazine | Title: No Dropouts Left Behind: New Rules on Grad Rates | 10/30/2008 | See Source »

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