Word: evens
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...cashing in on the bank's loosened pay restrictions. Earlier in the week, Citi, which lost $1.6 billion in 2009, disclosed that it had paid John Havens, widely seen as the bank's No. 2 executive, nearly $10 million in compensation for his work last year. That topped even the salary of Goldman Sachs chief executive Lloyd Blankfein, who was paid $9.6 million in 2009. Goldman, though, had profits of $13.4 billion in 2009. Alberto Verme, who for a time oversaw Citi's Dubai operations, responsible for billions of dollars in losses for the bank, was paid $7.8 million...
...estate performs, and, if all else fails, a reinsurance contract. He says the 20% premium fee will be placed into an investment trust and actively managed over the eight year period. He says he has two banks, Wells Fargo and Credit Suisse, on board to manage the assets and even lend money against the home in year eight if needed. On top of that, he says talks are underway to bring in a reinsurer. "The reinsurers' job is to step in at the end of the day and make up any shortfall should there be a shortfall," he says...
...Even if the ban goes into effect, Japan or any other country has the option of taking a "reservation" that would allow it to effectively continue trading the tuna - but they would still need a fishing country from which to buy. "The U.S. won't do that," says Lieberman. "The E.U. won't do that. And we believe they'll exert sufficient pressure on the North African nations to ensure that they won't either...
...climate scientists don't have all the answers, as they will freely and frequently admit, and even when researchers uncover a new piece of data, it isn't always clear what it means. That's very much the case with a new paper about methane emissions, published Thursday in Science. Based on a series of expeditions to the margins of the Arctic Ocean by ship and helicopter, University of Alaska researcher Natalia Shakhova and her colleagues report that methane, a greenhouse gas that is 30 times more effective in trapping heat in the atmosphere than carbon dioxide, is bubbling...
...sudden storm or any of the other expected dangers of maritime travel. Rather, it may have been the victim of rogue waves. For centuries mariners have told stories about sudden waves that would emerge out of the open ocean without warning, strong enough to topple even large ships. The S.S. Waratah, which vanished on a journey to Cape Town; the M.S. München, lost en route to Savannah, Ga.; even the S.S. Edmund Fitzgerald, "the good ship and true" of the Gordon Lightfoot song, which disappeared on Lake Superior - all were rumored to have been sunk by rogue waves...