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...which firms are receiving exceptional assistance from the government. At issue is executive pay. EESA requires the Treasury Department to monitor executive pay at all the firms receiving government assistance. Last summer the Treasury said firms that are deemed to be receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg, has the ability to set compensation for the 25 highest-paid employees at those firms. Other firms receiving government assistance are subject to much less stringent pay rules. (See pictures of TIME's Wall Street covers...
...crisis. But because the government owns common stock and not preferred, the Citi deal is unlike any of the hundreds the Treasury has struck with other banks that have participated in the program. Nonetheless, on Dec. 23, Feinberg issued Citi a letter saying the bank would no longer be subject to his executive-pay review...
...office on precedents, a course of action to whomever is presiding over the Senate - in formal votes this is the Vice President. But if the leaders choose to ignore the parliamentarian's advice, they do so at their own peril: rulings that aren't backed up are subject to challenge. "Whoever's in the chair does make the ultimate decision but that can be overruled by a vote of the members," says Senator Kent Conrad, chairman of the Budget Committee. "You're just not in a position where you can just do whatever you want...
...demonstrated by these recordings, Parra found innovative ways of approaching physics as a musical subject. As the son of a physics professor, he was anxious to integrate his varied interests through this project. Throughout the panel, Parra described how he thought about “warping” music—manipulating elements like tempo and pitch to alter the “mass” of any given note or dilate the listener’s sense of temporality. The resulting sound he produced is quite unique—unsettling, arrhythmic, and as inscrutable as the hidden dimensions that...
...simply promised to reject proposals offered by others. Obama’s plan to limit commercial bank activity represented an even more extensive use of populist rhetoric, and its populist nature is now revealed by the fact that it has barely been mentioned in the weeks since the subject was first broached. In the desperate moments following the Massachusetts Senate race, Obama sought an “elite” group to blame, and Wall Street bankers provided a perfect, easy target. His failure to outline a clear plan explains the holdup now preventing banking reform, and his focus...