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...Citi's effort to repay the government will remove some of the stigma surrounding the firm that has evolved since the start of the financial crisis. Treasury officials say Citi will no longer be considered one of the companies that have received "exceptional assistance" from the government. That means pay czar Kenneth Feinberg will no long have a say over salaries at the company. What's more, the company will save $1.6 billion in annual preferred-stock dividend payments it would have owed the government on its TARP loan...

Author: /time Magazine | Title: Citi's TARP Repayment: The Downside for a Troubled Bank | 12/15/2009 | See Source »

This expanse of high desert 35 miles southwest of Truth or Consequences, N.M., is the site of Spaceport America, a collaborative effort between the state and Richard Branson's space enterprise, Virgin Galactic, that hopes to send private citizens into near orbit as early as 2011. New Mexico is spending $198 million on construction; Virgin Galactic will lease the place for 20 years at a price of $200 million to $250 million. (See pictures of billionaire Richard Branson...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

...understand that tackling the climate crisis is an ambitious venture,” Simmons said. “It is going to take a sustained effort on all our parts...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Cambridge Holds Climate Congress | 12/14/2009 | See Source »

During the congress, delegates divided into small groups to discuss tangible solutions to the climate emergency. Recommendations included eliminating all street parking by 2020, raising the price of parking permits, and working with nearby institutions to research and publish reports on green initiatives in an effort to educate the public...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Cambridge Holds Climate Congress | 12/14/2009 | See Source »

...Prize with the undertakings in motion, we should also hold ourselves accountable for “change” and make an impact—no matter how big or small—on some of the things we hope to improve. Whether it be donating time, money, or effort, giving philanthropic presents rather than materialistic ones will reap benefits for long after the holiday season has passed. While only time will tell if Obama is the “change we can believe in,” it’s also true that—as another wise...

Author: By Meredith C. Baker | Title: Make Like a Democrat | 12/14/2009 | See Source »

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