Word: jannings
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Dates: during 2000-2009
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...Geithner's failure to reckon quickly with the existence of large retention bonuses for AIG employees in the Financial Products division is perplexing. On Jan. 27, Bloomberg News reported that AIG has offered "about $450 million in retention pay" to the AIG FP staff, a program that AIG confirmed. Representative Elijah Cummings, a Maryland Democrat, knew about the bonuses two weeks earlier, on Jan. 15, when he met with Liddy, and the Congressman never kept his displeasure secret. Nor was he alone in raising alarms. In January, Richard Shelby, the ranking Republican on the Senate Banking Committee, called the bonuses...
...Kathleen Ann Soliah was born in Fargo, N.D., on Jan. 16, 1947 to a close-knit, conservative Lutheran family. In high school, she was a popular student, an active member of the Spanish and Pep Clubs and a powder puff football player. She also served as a volunteer on Richard Nixon's presidential campaign...
That is unlikely to assuage the outraged. Cummings, for one, says Liddy informed him about the coming bonuses on Jan. 15. So why didn't the Secretary of the Treasury, with all the resources of a government department at his command, know about it until Mar. 10, according to a White House time line? If it was simple ineptitude, it has nevertheless cost his boss, the President, considerable political and popular embarrassment. Geithner's job security may lie in the fact that the White House needs someone - anyone - with the right credentials to run the financial ship amid this storm...
...world has changed for print media. On Jan. 9, the Hearst Corp. announced that the financially strapped paper was for sale. If no buyer could be found within 60 days, the paper would be forced to close its doors or produce a Web-only version with a fraction of its staff. The P-I's demise is a sign of the times, coming in the wake of the Feb. 27 closure of Denver's Rocky Mountain News weeks short of its 150th anniversary, while the San Francisco Chronicle, another Hearst paper, has been put on notice that its days...
Meanwhile, because of the new U.S-Iraq security agreement that went into effect on Jan. 1, a first batch of 1,500 inmates were released from Camp Bucca last month, at a rate of about 50 a day. The marked improvement in security across Iraq has meant that more detainees are being released than captured. Last year, 18,600 low-threat inmates were freed from Bucca, while only half of that figure were taken in. Of those released, 497 were transferred to the Iraqi government...