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...felt they were due based on their contributions to the firms where they worked. The best salesman at a company could earn more than the CEO. The best investment banker at a brokerage firm could earn more than the head of investment banking. Just because a CEO held the highest title at a company did not mean that he had to be paid more than everyone who worked for him. Annual compensation data from the SEC has shown that a number of chief executives have not taken any of this to heart. They simply take every last dime they...
...economic downturn and record-high gas prices have been a boon to public transit. Americans took 10.7 billion trips last year on the nation's trains, buses and subways--the highest level of ridership in 52 years, according to the American Public Transportation Association. But while the rate stayed high even as gas prices dropped, rising unemployment could mean fewer commuters...
...Washington HIV Infections Soar in the Nation's Capital A report by the District of Columbia revealed that at least 3% of residents suffer from HIV or AIDS--among the highest rates in the nation and a figure that far outstrips the 1% benchmark that the city's HIV/AIDS administration says indicates a "severe" epidemic. The city's rate of infection--which has risen 22% since 2006--surpasses those found in some developing nations, and officials warn that the actual tally is even higher than the reported number. More than 75% of residents harboring the virus are African American...
...Obama’s National Economic Council—Summers received $586,996 in salary as the Charles W. Eliot University professor in 2008 and 2009. According to the report, he held the position at Harvard from 2001 until January of this year.Excepting Summers, the University’s highest-paid professor in 2007 was Business School Professor W. Earl Sasser, who received $416,148 in compensation and employee benefits as well as a $335,000 expense account. According to the Department of Education, the average salary of a full professor at Harvard in 2006 was $165,149. Summers served...
...late 1970s, China's economic reform and opening up spurred a fervor of fossil-hunting among impoverished peasants, who began selling their finds to the highest bidders - state institutions, private individuals and foreigners alike. Since then, numerous dinosaur and bird fossils have been identified in the northeast province of Liaoning, and the southwest regions of Guizhou and Yunnan have become well known for their massive output of Triassic marine-life fossils. Fakery became a natural part of this lucrative business, and several Chinese paleontologists say fakes, typically made into the shape of bones using plastic, charcoal and construction materials...