Word: risks
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More important, at least when it comes to the bailed-out businesses, the notion that there's a correlation between excessive pay and excessive risk-taking isn't quite accurate. It may be true in the case of hedge funds or leveraged-buyout - which call themselves private-equity (PE) - firms or some parts of stricken outfits like AIG, Citi and the former Merrill Lynch, now part of Bank of America. But hedgies and PEs aren't covered by pay czar Ken Feinberg's ukases...
...different story at intelligently run companies like Goldman. They make money by understanding risk and managing it. If the firm as a whole doesn't make money, the traders and risk takers don't either...
...With a dense population near the city's ports, the problem of shipping-related emissions is particularly acute in Hong Kong, where 60% of people say they've suffered health problems because of air pollution. But anyone living near a shipping lane is at risk. An estimated 60,000 people die annually from global shipping emissions, according James Corbett, a professor of marine policy at the University of Delaware, who along with five others calculated the concentration of pollutants due to ships and then estimated the number of extra deaths caused by the additional exposure. If nothing is done...
...goal? To utilize Harvard’s extensive knowledge in order to “tell you how you can reduce your risk of contracting H1N1 anytime, anywhere through your iPhone," according to the trippy promotional trailer below...
...Antezana acknowledges the risks but says his volunteers know what they are getting into and that by treating the animals well, they avoid problems. "[The volunteers] come down aware of the work and the love that one has to have with the animal," he says. "If one comes passively, with love, the animals are in peace. This is the No. 1 basis for this work. Everything carries a risk, but thanks to the fact that we do it with love, that produces positive energy...