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...Lapp, who has served as UC's chief business officer since May 2007, will take on a similar slate of responsibilities at Harvard—directing the University's offices for human resources, finances, and administration, which reported directly to the president prior to Forst's brief tenure. She will also work to streamline University-wide operations and services and will serve on the board of the Harvard Management Company, which manages the University's endowment. "Katie has a reputation for effectiveness, honesty, and integrity in whatever she undertakes," University President Drew G. Faust said in a statement released today...
...what does Merkel think about the cleavage posters? When TIME called the Chancellor's office, a spokesperson predictably declined to comment. At the CDU's national headquarters, a spokeswoman tartly said that "there was no prior consent for this issue." Party officials refuse to be drawn on the details. There's no denying, though, that Lengsfeld's womanly attributes have turned the district of Friedrichshain-Kreuzberg into the most exciting constituency in the German capital and made the CDU the hot topic of the day. And that must give Merkel plenty to chuckle about...
...talk about cold-weather-related inventions. Like the bicycle, for instance. That's my favorite one. That grew out of the Year Without Summer [1816]. There was quite a lot of volcanic activity for several years prior to that, and it created a cloud of dust high up in the atmosphere. The earth cooled very quickly, at least in the northern hemisphere. And crops started to fail. So [German inventor Karl Drais] saw that it was more and more expensive to feed a horse, and he came up with what was originally called a Draisine. It was really a scooter...
...Supreme Court ruling that makes it more difficult for facilities to automatically segregate new prisoners by race, as the state had done for more than 25 years to defuse potential violence. A spokesman for the prison system said integrated prison blocks may have contributed to inflamed racial tensions prior to the riot. (Read "Q&A: How to Fix California's Prisons...
...according to the SEC complaint, Lewis and other Bank of America executives had full knowledge of Merrill's plans to pay out bonuses to top executives. In fact, prior to sending out the proxy statement, the complaint asserts, Bank of America had agreed to let Merrill pay out as much as $5.8 billion in year-end bonuses, a little over $2 billion more than Thain actually paid out. In settling the SEC complaint - paying the fine - Bank of America neither confirmed nor denied the charges...