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...According to The Wall Street Journal, "The most stringent pay restriction bars any company receiving funds from paying top earners bonuses equal to more than one-third of their total annual compensation." That means that a trader making a modest salary of $400,000 who brings in $50 million in profits for his firm would probably be paid less than $600,000 under the new rules. Most traders get bonuses at year end. Successful traders can make $10 million or $20 million a year in exchange for pumping up their employer's bottom line...

Author: /time Magazine | Title: Can Wall St. Dodge Government Pay Limits? | 2/16/2009 | See Source »

...varnish. That's the theory of Joseph Nagyvary, a professor emeritus of biochemistry at Texas A & M University. In a study published last week in the scientific journal Public Library of Science ONE, Nagyvary argues that Stradivari probably had no idea what made his instruments special because the crucial factor, an externally applied varnish on the wood, was beyond his apprehension or control. (See pictures of things money can buy, including a violin...

Author: /time Magazine | Title: Accidental Genius: Why a Stradivarius Sounds So Good | 2/15/2009 | See Source »

...study published Feb. 13 in the British Medical Journal found a significant increase in the risk of dementia and other forms of cognitive impairment in people over 50 who have been exposed to high levels of secondhand smoke. (See pictures of vintage pro-smoking advertisements...

Author: /time Magazine | Title: Study: Secondhand Smoke Tied to Dementia | 2/13/2009 | See Source »

Winters, who publishes political analysis in the online Cambridge Civic Journal, said he has run the election commission’s software using the 2007 election results, and found that Ward will win the vacancy recount...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Brian Murphy Departs City Council | 2/13/2009 | See Source »

...kept secret until Thursday. In a briefing to reporters at the White House, Obama's chief of staff, Rahm Emanuel, said the news had come as a blow. "My first thought was, It's better we discovered it now than later," he said, according to the Wall Street Journal. "If I said it wasn't a disappointment, that would lack credibility...

Author: /time Magazine | Title: After Gregg Jilts Obama, Washington Counts Score | 2/13/2009 | See Source »

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