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...payday that shook Wall Street: nearly $140 million in compensation set aside for Big Board chairman Dick Grasso. But when Grasso, CEO of the New York Stock Exchange, tried in 2003 to cash in early, the revelations about his staggering paycheck triggered an imbroglio that ended his eight-year reign as King of the Club and brought a lawsuit by then New York Attorney General Eliot Spitzer. Was Grasso, who was interviewed for the book, a victim of the post-Enron era or just another fat-cat CEO? Both. Gasparino insists that Grasso was "one of the most remarkable...

Author: /time Magazine | Title: Business Books | 11/29/2007 | See Source »

...Chávez can keep raking in tons of cash without expanding production--even with production declining," says David Mares, an oil-politics expert at the University of California at San Diego. "He's taking advantage of the situation we consumers dropped in his lap." Mares says Chávez has to invest more in his oil industry in the future. Although it also wouldn't hurt if Americans learned to consume less...

Author: /time Magazine | Title: Is Chavez Taking Too Many Oil Risks? | 11/29/2007 | See Source »

...purpose of the new discount cards is twofold. Many stores in the Square already offer reduced prices to students with a college ID, but these savings remain under-publicized. Along with offering new discounts at popular Square businesses, the card will publicize existing markdowns. This will not only benefit cash-strapped students, but will also help to support small businesses in the Square (such as Herrell’s and Dickson Brothers Co.) who choose to participate. The UC representatives behind the initiative have proven themselves willing and able to facilitate projects that respond to strong but oft-overlooked needs...

Author: By The Crimson Staff | Title: If You Slash, They Will Come | 11/29/2007 | See Source »

...Iowa, turning a four-man race into an even broader contest. Former Tennessee Senator Fred Thompson has unveiled several big policy proposals, while sliding in some polls. Texas Congressman Ron Paul has become a true force in terms of online fund-raising, and has begun to spend his cash on advertising in key early-voting states. And the once-upon-a-time favorite for the nomination, Arizona Senator John McCain, seems to have put together a plausible - if long-shot - strategy for getting back in the game...

Author: /time Magazine | Title: How the GOP Will Play on YouTube | 11/28/2007 | See Source »

...away as India and Vietnam in chili deterrence. Wildlife groups from Sumatra to the Serengeti, including the Worldwide Fund for Nature, now use chilies to control elephants. Meanwhile, farmers who are growing chilies in Livingstone have seen their annual income triple from $90 before planting their new cash crop to $300 a year now. Osborn hopes the new Elephant Pepper sauces will create a demand that will allow him to spread chili-farming across Africa...

Author: /time Magazine | Title: Hot Chilies Keep Elephants At Bay | 11/28/2007 | See Source »

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