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...packages to its top executives. In 2008, despite steep losses at the bank, Citi reportedly paid energy trader Andy Hall $100 million. Indeed, a number of top Citi officials already seem to be cashing in on the bank's loosened pay restrictions. Earlier in the week, Citi, which lost $1.6 billion in 2009, disclosed that it had paid John Havens, widely seen as the bank's No. 2 executive, nearly $10 million in compensation for his work last year. That topped even the salary of Goldman Sachs chief executive Lloyd Blankfein, who was paid $9.6 million in 2009. Goldman, though...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

Asked to name the beleaguered Western currency that sits near a 10-month low against the dollar and has lost 7% against the greenback already this year, most people would probably plump for the euro. They'd be wrong. Europe's single currency - walloped by the big economic problems in Greece - is hardly having a stellar year. But for a currency well and truly in the pickle, look no further than the pound...

Author: /time Magazine | Title: Pound Woes: Why Britain's Currency Is Falling | 3/3/2010 | See Source »

...queasiness to life-threatening E. coli infections, are a serious public-health threat in the U.S., resulting in 5,000 deaths and 325,000 hospitalizations each year, according to the Centers for Disease Control and Prevention (CDC). When tallied up, the consequences of foodborne illness - including doctor visits, medication, lost work days and pain and suffering - cost the U.S. an estimated $152 billion annually. That figure was reported on Wednesday in a new study by the Produce Safety Project, an initiative of the Pew Charitable Trust...

Author: /time Magazine | Title: Putting a Price Tag on Food Unsafety | 3/3/2010 | See Source »

Even though the Crimson is excited about proving itself early in the new season, Harvard lost several of its seniors in key positions to graduation last year...

Author: By Steven T. A. Roach, CONTRIBUTING WRITER | Title: Crimson Looks To Notch Second Win | 3/3/2010 | See Source »

...hours after the quake, a breakdown in communication in the region may have prevented warnings of a tsunami from reaching vulnerable populations. She said her office was not even aware of the danger of a tsunami until after it had washed ashore in many places. "All the communication was lost," she told TIME. "The first information about a tsunami that I received was people calling from [the Chilean islands of] Juan Fernández saying they had been...

Author: /time Magazine | Title: Chile's President: Why Did Tsunami Warnings Fail? | 3/2/2010 | See Source »

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