Word: either...or
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...these days it looks like much more is on the block at Citi than the bank is letting on. Citi is reportedly considering a plan to either sell off or close a number of its retail branches. At just over 1,000, Citi has a much smaller branch network than its rivals. Bank of America, for example, has 6,000 branches nationwide. Citi is reportedly considering closing or selling its bank branches in cities such as Boston, Philadelphia and other areas of the country where it does not have a significant presence. Citi has denied any such intention.(See pictures...
...work in 2008 and was set to get a similarly large check for 2009. Citigroup is subject to government-imposed pay caps as a term of the financial aid it received. The government was reviewing Hall's pay package and was reportedly moving closer to forcing Citi to either reduce or restructure Hall's pay. Rather than risk losing the trader - and the profits of the unit - Citi decided to sell...
Meanwhile, if the criteria and selection process for the peace award appears a bit hazy, those in the other areas are far from uniform either. Notes Philippe Valode, a French historian and author of a book on France's six Nobel winners in various categories; "Criteria for the scientific award are fairly clear and consistent, while those for economics are mostly firm - but open to subjectivity when social considerations factor in," Valode says. "Literature must have broad messages and allure to world-wide readers, But - being about art - a lot of creativity goes into the selection process, too. When...
...that almost all Nobel winners provoke debate, at times fierce. But he says the reason Obama has taken that controversy to new heights is because, in choosing him, the committee seemed to ignore the two main reasons the prize's founder Alfred Nobel stipulated for awarding it. "Either the person must have embraced the cause of peace and obtained results towards obtaining it," Valode recalls. "Or the person had to have demonstrated a commitment to peace through a lifetime of work for it. Obama hasn't had enough time to accomplish much in general, and hasn't even tried much...
Perhaps that could be avoided if the committee decided to break with the past and give a real accounting of how it came to its controversial decision. But then again, that might not help either; after its choice of Obama, few people would believe what the committee has to say right now, anyway. - with reporting by Vivienne Walt / Paris...