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...Alabama drawl or his professorial demeanor, but when Jim Rogers speaks, even those who disagree quietly rethink their positions. People who challenge him are playfully mocked. Responding to one young business type in the crowd who questioned his thesis, Rogers advised him to "head down to Texas A&M and offer to trade in your M.B.A. for one of their agricultural degrees." Become a farmer, he advised the guy: "You'll make out better than you will with your M.B.A." The man tried to respond but was drowned out by laughter...
...unit was originally included among the businesses that Citi wanted to hang on to. And for good reason: Phibro has been profitable every year since 1997, averaging a gain of nearly $400 million a year for the past half-decade. But earlier this year, it was revealed that the head of that unit, Andrew Hall, had been paid $100 million for his 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...
...point out that the project mentioned is not a GTZ project, and no one of that name has ever worked as a subcontractor for us. Neither we nor our partners make any payments to antigovernment groups. All of our projects are monitored very strictly. Anja Katharina Tomic, Deputy Head, Corporate Communications, Deutsche Gesellschaft für Technische Zusammenarbeit GmbH (GTZ), Eschborn, Germany
...matter how carefully chosen Obama's words were, nothing was going to disarm his critics. Shortly after 9:30 a.m., Michael Steele, the head of the Republican National Committee, struck the first blow, issuing a release that suggested Obama was undeserving of the award. "The real question Americans are asking is, 'What has President Obama actually accomplished?'" Steele said in the statement. "One thing is certain - President Obama won't be receiving any awards from Americans for job creation, fiscal responsibility, or backing up rhetoric with concrete action." (Read "Obama's Nobel: The Last Thing He Needs...
...tourism sector is a $2 billion-a-year cash cow and its forest cover has actually doubled since the 1980s - thanks to more trees per capita being planted there than anywhere else. "Cutting down a single tree in Costa Rica is cause for scandal," says Pedro Leon, head of the administration's Peace With Nature Initiative. (Read how Costa Rica is turning its environment into a luxury tourist destination...