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...case, has said he wants to limit the case to the facts surrounding the relationship between Starr and AIG. Rakoff says he will not allow jurors to hear testimony about the accounting scandal that led to Greenberg's AIG exit or anything related to the insurance company's recent financial troubles, which resulted in a huge government bailout. Excluding the circumstances of Greenberg's exit may make it hard for AIG to prove that he ended Starr's AIG compensation plan because he was angry he had lost...
...Thumped by a global depression, firms just about everywhere have gone to town on staff costs in recent months, from salary cuts to mandatory unpaid leaves. But BA is going further. Volunteers can sacrifice between a week and one month's worth of salary, or else spread the pain by taking a reduced salary for three to six months. Union officials have scoffed at the proposal. "Willie Walsh can afford to work a month for free," says a spokesman for Unite, BA's biggest union. "Our members can't." (See pictures of London's Heathrow Airport...
...further 1.5 million people being displaced, in addition to the nearly 3 million who already have been. But other observers put the number lower, at around half a million, given that many residents of Waziristan have already fled as word of a looming military operation spread in recent weeks...
Further negotiations may achieve more concrete results. While India in recent years has found common cause with the U.S. in its execution of the war on terrorism, Iran is still keen to boost its long-standing friendship with New Delhi. A mooted gas pipeline, running from Iran's fields through Afghanistan and into Pakistan and India, is a massive project that appeals to all parties involved. Conversation in Yekaterinburg will surely include the need to shore up the region's economies - China has already promised a $10 billion soft loan to its SCO allies, including Russia, which has been...
...Iraqis aren't crazy about Mousavi. Westerners unfamiliar with Iran's recent history and yearning for a moderate alternative to Ahmadinejad may have convinced themselves that Mir-Hossein Mousavi is a reformist, but Iraqis aren't buying it. Many remember him as Iran's Prime Minister during the 1980-88 Iran-Iraq war, which cost Iraq hundreds of thousands of lives, tens of billions of dollars and, ultimately, its place as a leader of the Arab world. It doesn't matter that Mousavi was not in charge of the Iranian military. "Everyone who was in the top [Iranian] leadership during...