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...fact that AIG was in Washington long before the current Administration hasn't spared the Obama team from criticism over the recent bonus payouts. The main target for the opprobrium is Geithner. He still enjoys the confidence of U.S. allies abroad and understands the deeply complicated world of global finance far better than the lawmakers who may soon write new legislation to regulate it. But he has not been a strong public face for a government that needs to project confidence. He has been slow to staff his department, hampering the Administration's ability to react to the crisis...
...There are proposals in Congress to reverse some of the bonuses through legislation, and Liddy called on executives to spit back half their bonus. Some have done so. The program for 2009 has already been pared. That my placate, for now, Main Street constituents who want to get back at those overpaid Wall Street types...
...vast reserve of oil. For three months the Chinese drilled the earth near the muddy Kaladan River in search of black gold. Then, just as suddenly, they left. In December, the Indians arrived. Through Burmese intermediaries, they took the village's paddies as their own, depriving locals of their main source of income. Compensation was promised, villagers tell me, but none has been paid so far. So the impoverished residents of Mee Laung Yaw village, who lack electricity and eat eggplant curry as a poor substitute for meat, spend their days gazing at their expropriated fields, now fenced...
...artist and the chance to relax and have a couple of beers or a glass of wine.” Club Passim is managed by the non-profit umbrella organization Passim Folk Music and Culture Center, which also operates several music-related programs. The organization has recently seen its main sources of revenue—donations, fund-raising, and membership fees—decline during the recession. In 2008, Passim’s financial hurdles, which Scotti attributed in part to lackluster ticket sales, resulted in a 30% staff cut. Club Passim, nestled between Church and Brattle Streets, has been...
What’s more, Cabot’s main House-wide party, Mardi Gras, pales in comparison to those thrown by neighboring Currier and Pfoho. This year, the event attracted more security staff and bartenders than students – I guess Chex-mix and DJ Strauss no longer pull in the crowd they used...