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...Karel Lannoo, head of the Centre for European Policy Studies in Brussels, says it will be difficult to implement efforts to regulate bonuses in the E.U., as rules on working conditions are decided at the national level by individual governments. He adds that although bonuses are a powerful rallying point for E.U. leaders, the payouts represent just a tiny fraction of the global banking losses over the past year and are not to blame for the crisis. "Bankers are exceedingly unpopular, and leaders feel they have to act," he says. "But bonuses are a symptom of the crisis...
...financial system. In response, big financial firms are changing, but few firms have changed more than Morgan Stanley. The latest sign of Morgan's transformation came two weeks ago when the firm announced that James Gorman would replace Mack in January. Unlike Mack, and nearly every other head of Morgan Stanley, Gorman has never been an investment banker. Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan, he was in charge of revamping the firm's brokerage division, and recently integrating the Smith Barney acquisition...
...technology brings a new conundrum: in order to exploit these tools, we have to act before someone we know goes to the hospital with H1N1. "Decisions have to be made in the absence of true, hard scientific information," says Dr. Paul Jarris, head of the Association of State and Territorial Health Officials. "We just have to be comfortable with that." (See how to track the swine flu outbreak on your iPhone...
...game raises its stakes as you sit down to eat. According to tradition (invented right now), you have to dive for cover if someone sneezes in the beverage area. If this happens in the food line, for an extra point, a player can simply turn his head and no-look point to an H1N1 sign. The most difficult maneuver in the game, attempted and unconverted in one try so far, is to read HUDS’s on-table signs about swine-flu risks and then successfully mention “the crook of the elbow” in conversation...
...past five years, Hu has headed the Commission, a critical lever of power in China through which the Party controls the country's armed forces. Promotion to its vice chairmanship is widely seen as an essential step in the opaque process by which the Party selects its next leader. Critically, Hu's appointment to the same job was announced at the Plenum held three years before he ascended to the General Secretaryship of the Party in 2002. Because previous head-of-state successions have essentially been orchestrated by dominant leaders like Mao Zedong and Deng Xiaoping, Hu's path...