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...Citigroup sold its commodities-trading division Phibro to energy company Occidental Petroleum. Citi was motivated to dispose of the unit because of pressure from regulators to curtail the pay of Phibro's top trader Andrew Hall, who made $100 million last year, and reportedly has a contract that would award him roughly the same amount in 2009. Oxy declined to comment on Hall's compensation. But the energy giant says Hall will remain with the unit at Oxy. Hall had threatened to leave Citi if his pay was cut, which means Oxy is probably honoring his contract. Says...
...remembered as somebody who asked a lot of questions, somebody who wouldn't take a pat answer," another son, John, told the Associated Press. Peg continued to oppose our wars of aggression, and in 2008 the Women's International League of Peace & Freedom honored her efforts with an award. As we struggle for peace, we can all take immense inspiration from Peg's life...
...Nobel Peace Prize Committee’s announcement last Friday that Barack Obama would become the next recipient of its prestigious award caught the whole world—including the White House—by surprise. And the committee’s assertion that Obama deserved the Nobel Prize “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples” has done little to mollify critics, who note that there is little in the way of substantial, sustained progress toward peace on Obama’s resume. Indeed, the elevation of speeches and promises...
...Nobel Peace Prize Committee’s move seems to be little more than a rebuke of the previous administration. It would be naïve to say that the Nobel Peace Prize is not a political statement, but this year the political agenda appears particularly blatant. The award seems in this case to be a reaction that was 8 years coming, rather than a matter of desert...
...Nobel Prize Committee’s misguided attempt to make a political statement should not reflect poorly upon President Obama or his presidency thus far. The Nobel Peace Prize was the last thing on Obama’s mind when he received the award. Additionally, the president responded with appropriate humility by noting that he did not feel he deserved the prize and has done the best thing he can reasonably be expected to do in such a situation by treating the award as a “call to action.” Hopefully, President Obama?...