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Critics contend that without the pay czar's oversight, Citi will again award outsize pay 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...
...General Motors, recovery always seems to be a case of two steps forward and one step back. The same day it reported an impressive 32% increase in sales during February, the automaker also announced it was recalling some 1.3 million compact cars built between 2005 and 2010, and suspending sales of 2010 Chevrolet Cobalt so it can fix a power steering assist...
...Basically, we were able to test a hundred million [mutated strains] over a course of few hours, which is a tremendous speed-up,” said Weitz. “This [new technology] allowed us to ask very fundamental questions about the nature of evolution itself, how to best improve the technology to make new enzymes...
...bill's biggest stumbling block may be the funding it would require. Created with the assistance of the Animal Legal Defense Fund, the bill would raise the approximately $500,000 to $1 million necessary for its launch through a 2- or 3-cent tax per pound of pet food, says Florez, a Democrat who is chairman of the Food and Agriculture Committee. He estimated that after it's launch, the project could cost between $300,000 to $400,000 a year to maintain. Yet even that relatively small amount has some organizations, including a national pet-product trade group...
Washington agrees with this urgency. In 2007, the Bush Administration approved $750 million to be spent in the Northwest Frontier Province over the next five years to catapult the poor, lawless region into the 21st century, creating schools and jobs and repairing the battered civil society. But because of fears that there were no safeguards to keep corrupt officials from siphoning off the funds, and because much of the region has been off-limits to aid workers due to militancy, only a tenth of that amount has been spent. Nor can aid wait: the U.N. reckons that over 1.63 million...