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According to a proxy statement Citi filed with the Securities and Exchange Commission, the company finalized its bonus plan on Jan. 14. Twelve days later an amendment barring such payments was inserted by the House of Representatives into the $787 billion fiscal stimulus bill, which went into effect...

Author: /time Magazine | Title: Citigroup Plans Big Bonuses Despite Rules Against Them | 3/20/2009 | See Source »

...period, dubbed the “January Experience” to distinguish it from an academic term, will last from Jan. 3 to Jan. 23 of next year...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Administration Has Few Answers to J-Term Questions | 3/20/2009 | See Source »

...millions of French protesters took to the streets Thursday for a repeat of the nationwide strikes that slowed the country to a crawl on Jan. 29, there was the feeling that the mass social movement had become distinctly personal. More than ever before, marchers said they were not just denouncing the government's minimalist response to the worsening recession, but were singling out President Nicolas Sarkozy as the defiant embodiment of attention to ideological orthodoxy rather than the peoples' pain. As a result, public and political challenges to Sarkozy's leadership are growing - including from members of his own conservative...

Author: /time Magazine | Title: The Protests in France Get Personal | 3/19/2009 | See Source »

...Over 200 demonstrations were organized across France on March 19, with early turnout suggesting participation would easily surpass the 2.5 million people who answered the Jan. 29 strike call. Beautiful weather helped swell the ranks of corteges marching throughout the day to protest the modesty of Sarkozy's stimulus package - especially compared to the mighty bail-out effort accorded to the banks and financial groups who detonated the country's crisis. The marches began in Marseille, where people carried banners reading THEY ARE THE PROBLEM; WE ARE THE SOLUTION and hoisted posters ridiculing Sarkozy's refusal to pledge money...

Author: /time Magazine | Title: The Protests in France Get Personal | 3/19/2009 | See Source »

...Unions have repeated those demands since the Jan. 29 protests, which advanced a broader range of petitions for income and employment protection in the face of recession. Less than 48 hours before Thursday's marches, however, Sarkozy brushed off their calls, scolding critics with the reminder that "I was not elected to raise taxes [but] to reconcile France with the workplace and factory." But with polls indicating that 78% of French voters support Thursday's strike movement - three points higher than in January - union leaders and political opponents warn that Sarkozy will ignore the popular call for relief...

Author: /time Magazine | Title: The Protests in France Get Personal | 3/19/2009 | See Source »

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