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...tech Albert Einstein has signaled Obama's desire to put the E back in DOE, to have a first-tier brain reinvent a second-tier agency, to keep his Inaugural Address pledge to "restore science to its rightful place." With Obama publicly committed to an economic transformation designed to slash U.S. carbon emissions 80% by 2050, Chu will be America's first Clean-Energy Secretary - a job that's part green evangelism, part venture capitalism and part politics...
...work for less money. But in other recent recessions salary growth hasn't slowed this much. Going back to the early 1990s, base salaries never increased by less than 3.4% a year, according to Hewitt, which polled 1,156 large companies to get its latest data. Companies desperate to slash costs are turning to worker salaries more deliberately than they have in the past. Some 48% of companies have frozen salaries this year, compared to just 2% last year. (See 10 things to buy during the recession...
...giddy as they were, say, six months ago, when stores were running 70% clearance sales to shed their excess holiday inventory. Stores have wised up a bit and cut inventory levels to match the slack in demand. So while retailers may offer lean discounts, we're beyond the slash-and-burn era. "Consumers are going to see moderately priced value offerings," says George Whalin, president of Retail Management Consultants. "The really, really deep mark-downs aren't going to happen this year...
...more than $2.5 billion in losses this year, accounting for one-fourth of the projected $9 billion in losses for the entire industry, according to the International Air Transport Association. Weighed down by overcapacity, debt and the government's refusal to provide bailouts, Indian carriers are being forced to slash their operations and reduce ticket prices. "Indian aviation is undergoing a regime change in just four years," says Kapil Kaul, chief executive officer the Center for Asia Pacific Aviation, a New Delhi-based research firm. (Read Indian business news here...
...corrections-technology industry - focusing on preventing and squashing unrest - has grown in recent years, offering such products as cell doors that swing in both directions to prevent barricades, as well as stab- and slash-resistant body armor for corrections officers. Many of these products will be showcased at the annual Mock Prison Riot trade show to be held next spring in West Virginia. Its slogan: "Where technology meets mayhem...