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Recently, Faculty of Arts and Sciences Dean Michael D. Smith wrote in his annual report that our vaunted library system will need to be reshaped with “a dramatically smaller base of resources.” While times are tough, the administration should be extremely reluctant to slash funds for this cornerstone of the university. During this period of budget contraction, cuts have necessarily been extended to many parts of the school, yet libraries are one of the sacrosanct areas of this institution that deserve preservation in particular...
...America's family doctors. Any job that averages $179,000 per year and lets you be your own boss is a job most folks wouldn't turn down. With the effort to rein in health-care costs increasingly framed as an unhappy trade-off in which insurers either slash benefits or raise premiums, some in Washington are beginning to ask a question long considered off-limits: Do we simply pay doctors too much...
...Obama administration’s move to slash the pay of many top executives at the seven firms that have still not paid off their bailout loans is an understandable attempt to create a sense of accountability for corporate executives. It is a bold policy move that attempts to send the message that irresponsible behavior should not and will not be rewarded with massive compensation...
...agreed to administrate the Hokie Spirit Memorial Fund, set up for the benefit of victims' families in the wake of the 2007 Virginia Tech mass shooting. In his latest high-profile role, as the Obama-appointed executive-pay czar, Feinberg announced Oct. 21 that the Treasury Department will slash compensation for the 25 highest-paid executives at the seven firms that received the largest chunks of federal bailout money: Citigroup, Bank of America, AIG, General Motors, Chrysler and the financing arms of the two automakers. Salaries are expected to shrink 50% on average, with the majority falling below...
...billion and avoiding the need for 24 new gas-fired power plants. On the supply side, the state has required utilities to provide one-fifth of their power from renewables by 2010, which will jump to one-third by 2020. And California's soup-to-nuts effort to slash emissions - including a cap-and-trade regimen in 2012 - is the blueprint for federal climate legislation. (Download a PDF on California's industries, labs and technologies...