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...need U.S. aid whether they remain "solvent" or have to get court protection. Almost every American has seen that news on TV or read about it in the paper. It will be hard to imagine what consumers will think when they find out that a company which was the largest corporation in the U.S. for years is bankrupt. It is like finding out that the telephone company has gone out of business. (Perhaps people actually do worry about that, which is why they subscribe to cable...
...richest man in New York—Michael Bloomberg—is not a Wall Streeter, but tellingly a man who sold news and information to Wall Street, despite the highly entrenched business media that already existed. The two 35-year-olds who run Google—the largest distributor of advertising in the world—own a business that aims to do nothing less than “organize the world’s information and make it universally accessible and useful.” It can be tremendously profitable to be a creator of content?...
After eight hours of fierce gun battles, Pakistani security forces are claiming victory against as yet unidentified gunmen who attacked a police-training facility on the outskirts of Lahore - the country's second largest city and cultural hub - in a siege that Pakistani media is comparing to the Mumbai massacre in India last November. At least 13 police trainees were killed and more than 90 people were injured and taken to hospitals. The death toll is expected to rise, as bodies still need to be recovered from inside the building. More than 400 trainees are believed to have been present...
...return requests for comment for this article. Eggan was on vacation and could not be reached for comment. The new grants come at a time when scientists are most in need of support. After five years of flat funding from the National Institutes of Health—the largest source of money for academic research—coupled with rising inflation, scientists are now scrambling for funds from President Obama’s two-year stimulus package, which includes $10.3 billion for the National Institutes of Health and $3 billion for the National Science Foundation. The Early Career program drew...
...South Africa after vandals smashed windows and his car at his Edinburgh home. Britons are livid that Goodwin was awarded a $1 million annual pension after he quit RBS in disgrace last year. The 50-year-old oversaw a disastrous expansion that almost felled one of Europe's largest banks, prompted a $30 billion government bailout last fall and triggered the biggest annual loss in U.K. corporate history. "We are angry," a group claiming responsibility for the attack wrote in an e-mail to an Edinburgh newspaper, "that rich people, like him, are paying themselves a huge amount of money...