Word: annualized
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Dates: during 2000-2009
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...summit, the leaders declared that bonuses should be tied to a bank's performance and that guaranteed annual payouts should be avoided. The group also demanded that the G-20 "commit to agreeing to binding rules for financial institutions on variable remunerations, backed up by the threat of sanctions at the national level." (Read "Braking the Banks...
...half years ago, at Morgan Stanley's annual meeting, CEO John Mack fielded a question from a worried investor. Mack's firm had had a good 2006 and early 2007, but the questioner was concerned that much of the new profits seemed to be coming from increased borrowing and bets the bank was making with its own capital. Mack answered defiantly...
...Harvard Square Business Association held its First Annual Urban-Agricultural Fair at Winthrop Park in Cambridge yesterday, in an effort to celebrate locally-grown Cambridge produce and goods. The grassy area located in front of Peet’s Coffee Shop dates back to 1635 and was the location of the first marketplace in Newtowne, the city that predated Cambridge. The event, which lasted from 11 a.m. to 5 p.m., featured cooking demonstrations, recipe sampling, and advising information and drew over 30 participating vendors and organizations. Fair-goers were exposed to a wide range of local businesses that offered specialized...
...counter that kind of attack, there are significant provisions in the bill that would go into effect immediately, according to a White House aide. The practice of rescission (nixing policies for dubious reasons when sick people need them most) and annual and lifetime spending caps that insurers place on some policyholders would immediately be banned. For those who can't get insurance because of pre-existing conditions, a catastrophic-care fund would immediately be set up to provide coverage. And as part of an agreement with the pharmaceutical industry, seniors who fall into the so-called doughnut hole (after they...
...Iranian regime that was worried in the weeks leading up to what in Iran is known as Qods Day - the annual day of government-sanctioned rallies supporting Palestinian statehood that take place in most cities in Iran. All public events surrounding the Islamic month of Ramadan, which historically have provided opportunities for Iranian politicians from across the ideological spectrum to speak their minds, were either shut down or scaled back. Former President Mohammed Khatami was scheduled to speak alongside Ayatullah Ruhollah Khomeini's grandson at Khomeini's shrine two weeks ago, but the occasion was canceled. Former President Ali Akbar...