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...demands for the head of Citigroup (C) CEO Vikram Pandit have not ended and may rise to a crescendo again if the bank receives poor "stress test" ratings from the federal government. The drumbeat of dissatisfaction about Ken Lewis, head of Bank of America (BAC), has gone on for months. Recently, proxy advisory RiskMetrics/ISS Governance Services recommended that the financial firm's shareholders vote Lewis...
...apartheid, South Africa had no film industry to speak of. Filmmakers had either been co-opted by the white regime for propaganda or driven underground. Foreign filmmakers - whose big budgets can help prop up smaller local industries - had stayed away. With apartheid gone and sanctions lifted, that changed. Television commercial producers from around the globe discovered that Cape Town combined a spectacular location with skilled, cheap crews. Movie makers found that South Africa's diverse landscape - savannah to desert, winelands to white-sand beaches - could stand in for almost anywhere, while the people of the Rainbow Nation, with a carefully...
...just in case. Tellingly, the IMF extended the credit line through a new facility that doesn't impose the same sort of rigid conditions that gave the organization such a bad name in the past. That prompted Stephen Timms, financial secretary to Britain's Treasury, to crow: "We have gone beyond the era of stigma." India's Prime Minister Manmohan Singh said he viewed Mexico as a precedent, and concurred with Timms. "We are very happy that the [loan] conditions are being relaxed," he said...
...middle on match point to take the set, 8-5, with her partner, freshman Holly Cao.To keep its chances for an Ivy title alive, Harvard had to take at least three of the six singles matches, but history was not on its side—the Crimson had gone 0-12 in singles in the last two meetings between the two teams. But history changed yesterday.After Rosekrans lost 6-3, 6-2, Cao gave Harvard a 2-1 lead at No. 5 with a crosscourt backhand into the corner to take the match 6-1, 6-3.No. 88 Ko extended...
Pets-Only Planes. Air travel has finally gone to the dogs. The new Pet Airways caters to your beloved Fido or Fluffy, offering dogs, cats and other domestic animals "first class pet travel" in the cabin instead of the cargo hold. Pets even get access to a special arrival lounge. Sadly, you can't fly with your baby; the aircraft are for animals only. Which begs the question, how is that different from every other airline you'd normally fly? Service starts between select cities - New York, Washington, D.C., Chicago and Los Angeles - on July 14. Fares start...