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...high-end homes that won't sell...
...issue is executive pay. EESA requires the Treasury Department to monitor executive pay at all the firms receiving government assistance. Last summer the Treasury said firms that are deemed to be receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg, has the ability to set compensation for the 25 highest-paid employees at those firms. Other firms receiving government assistance are subject to much less stringent pay rules. (See pictures of TIME's Wall Street covers...
...received a provisional patent from the U.S. Patent and Trademark Office last month, the developer or homebuilder must give 20% of the purchase price to Herzberg's group as a fee for the put option - a payment that many developers may be reluctant to cough up. "20% is astronomically high!," says one analyst, who did not wish to be named. "What builder would give away 20% when they're doing 5% or 10% [pretax] margins? If they gave away 20% of the house price, they'd lose money on every house." He sees a 2% or 5% charge being more...
Beyond the risk to the bikers, drivers sharing the road with the daredevils are also in peril, law-enforcement officials say. Drivers can change lanes having no idea that a racing bike is about to appear - and tragedy can easily strike. At first, the buzzing of an approaching high-speed motorcycle sounds like a gnat near your ear, then it suddenly becomes loud and threatening. Segui remembers a woman who heard that noise and jerked her steering wheel in the opposite direction, jumping a curb and crashing...
...rice-paddy view is something of a status symbol in Bali's trendy Seminyak restaurant row, where a high level of Western cookery competes for tourist dollars. The six-month-old Sardine takes the experience one better: you can watch stalks growing under the stars while seated in a bamboo pavilion with massive thatched eaves handcrafted by artisans from an up-country village. It's Trader Vic's, only updated...