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...Fixing Those Bonuses Almost everyone thinks something should be done to curb big paydays for bailed-out bankers, but solutions are elusive. Finance Ministers of the G-20 nations earlier this month agreed that bonuses should be more clearly tied to performance, but Britain and the U.S. resisted demands by France and Germany to have them capped. Sensing the prevailing political winds, some bankers are already moving to forestall draconian new rules. The Dutch banking association announced that its members have agreed to cap bonuses and severance pay. And in France, bankers have been so frequently called to the Elys...
...Pakistan and for their own countries. French Defense Minister Hervé Morin has warned of "absolute chaos" if France pulled out and opened the door to a rush of other withdrawals. "When the security of our country is at stake," said British Prime Minister Gordon Brown in a speech earlier this month, "we cannot walk away...
...would be a disaster. Those same officials have since argued that the law gave them no choice. But it's also clear that the authorities--then Treasury Secretary Hank Paulson, in particular--didn't want to intervene. The Fed and Treasury had taken a lot of flak for their earlier bailouts of Bear Stearns, Fannie Mae and Freddie Mac. It was time to let the market work...
...only did Saturday’s game provide the Crimson with a measure of retribution against Penn, but it was also a relief after a tough preseason saw the team only win one game against New Hampshire earlier in the month...
...glad to see the administration request student and faculty input in this process. The shuttle conundrum could have been avoided if the administration had taken that initiative earlier. Regardless of the tardiness of this step, we believe this is a good initiative and we encourage people to make use of the website...