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...Sundance Institute's stated mission emphasizes discovering independent artists - a variety of enterprises have carried the Sundance name over the decades. The Institute launched a cable-TV arm, the Sundance Channel, in 1996 to air films, documentaries and original series commercial-free. There is also a Sundance mail-order catalog selling home decorations, gifts and clothing; a Sundance resort in Sundance, Utah; and most recently, Sundance cinemas in San Francisco and Madison, Wis. (See the top 10 films...
...order to get around the repayment problem, a number of firms say their clawbacks will only apply to deferred compensation and not immediate cash payments. At Morgan Stanley, for instance, the firm's clawback provision only applies to the portion of their employees' compensation that is paid in deferred cash, which for most employees is only about a third of their pay. The other two-thirds of the firm's employees' compensation, paid out in cash and restricted stock, are not subject to the clawback provision. But in limiting the repayment provisions, Morgan Stanley might actually be promoting risky behavior...
...months later, Chan's admonitions seem prescient. Rich countries' hoards have become massive surpluses, and many nations are now trying frantically to cancel pending orders of vaccines or transfer them to poorer nations. France, which had ordered enough of the vaccine to inoculate its entire population of 60 million, has so far used only 5 million doses and now wants to cancel 50 million doses and sell millions more. Similarly, the Netherlands has a 19 million-dose order for sale to other countries, while Germany is in talks with drug manufacturers to halve its order of 50 million doses...
...international election monitors to sensitive polling districts. Sri Lanka has a well-established, compulsory national identity-card system used to verify voter rolls, and each candidate is allowed four representatives at each counting station. Hettiarachchi has appealed to the police and armed forces to uphold the law and maintain order, no matter what the result. "It is a crucial election, and their impartiality will matter a lot," he says...
...spat escalated when Russia decided that Belarus no longer deserved its energy subsidies. When the two countries' existing oil contract expired on Dec. 31, Russia demanded additional payments of a whopping $2.5 billion, which amounts to about 5% of Belarus' entire economy. The Russian government also hinted that in order to keep oil prices down, Belarus should give Moscow a stake in its energy infrastructure - namely the oil refineries it uses to process oil for resale to Europe. This would play into Russia's larger aim of controlling the energy supply chain from the oil fields of Siberia...