Word: checking
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...environment has been an afterthought on the road to exploitation. From the arrival of Russian fur trappers in the 1780s, the Last Frontier has been a rich trove of resources. Today oil and natural gas provide more than 85% of the state's revenues, along with a royalty check for nearly every one of Alaska's 686,000 residents. "Being against development here is literally the third rail of politics," says Bryce Edgmon, an Alaska state representative from Bristol...
...Exchange Commission and Commodity Futures Trading Commission would be exempt from CFPA oversight, as would most insurance companies, which are regulated by the states. And while the CFPA would have authority over anyone extending credit to consumers, the first line of regulation for nonbanks such as mortgage brokers and check-cashing firms would remain the states. American Bankers Association chief executive Edward Yingling argues that because of this, the playing field would still be tilted in favor of the nonbanks, and he may be right. But it would at least be more level than...
Surprisingly, perhaps, Chaudhry has some supporters among members of the old regime."In any democracy, there have to be some check and balances," says Tariq Azeem, a senator who served as Musharraf's deputy information minister and had backed the removal of Chaudhry. "Normally, it is the opposition that takes up that role. But at the moment there is no opposition. People now have to look to somebody to give them relief, and the only people left are the courts. No wonder when they take a popular step, people are happy...
...hard to feel sorry for a guy who walks away from a job with a check for €50 million ($71 million). So while a few Germans see Wendelin Wiedeking, departing CEO of German sports car maker Porsche, as the victim of a public lynching by media, few feel bad for him. Wiedeking had a 17-year run at Porsche, the Stuttgart-based sports car icon which has just failed in its bid to take over motoring giant Volkswagen and will now be merged into the VW group. He took the job when Porsche was on the skids and transformed...
According to the Financial Times Deutschland, Wiedeking was entitled to compensation of $200 million or more. But labor representatives on Porsche's supervisory board's protested at such a huge handout and Wiedeking himself suggested a more modest sum. Before the ink had dried on the check, Wiedeking announced he would donate half the money to a Porsche-sponsored charity. Not without a sense of humor, he also pledged to donate $2.3 million to assist "needy journalists". The German taxman will likely get a big chunk of what is left. "For the first time an executive has responded...