Word: terme
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...past half-decade. But earlier this year, it was revealed that the head of that unit, Andrew Hall, had been paid $100 million for his work in 2008 and was set to get a similarly large check for 2009. Citigroup is subject to government-imposed pay caps as a term of the financial aid it received. The government was reviewing Hall's pay package and was reportedly moving closer to forcing Citi to either reduce or restructure Hall's pay. Rather than risk losing the trader - and the profits of the unit - Citi decided to sell...
...over the decades, a wealth of animal and human data has suggested it's true. Maternal conditions like high blood pressure and diabetes and behaviors like smoking and drinking have all been identified as factors that can harm the fetus. Each risk factor may lead to various long-term consequences, including mental retardation, low birth weight or an increased risk of heart disease, diabetes or schizophrenia. (See how not to get the H1N1...
...income compared with babies born before or after pandemics. "The cohort [born in 1919] has shorter height and lower weight as teenagers, a higher percentage of various health issues," wrote economist Ming-Jen Lin of National Taiwan University in a soon-to-be-published paper looking at the long-term effects of the 1918 flu in Taiwan...
...Recently in Germany, particularly in the run-up to the elections, there has been an unfortunate discussion about justice in the former G.D.R. The hard-left party Die Linke is driving a campaign to reject the term state of injustice when talking about the regime in East Germany. This is another attempt to play down a dictatorship that destroyed families and careers, killed people in jail and at the Wall, and built a monstrous system of control and terror with access to all sectors of daily life. Young Germans learn a lot about the crime and terror in Nazi Germany...
...undervalued renminbi (RMB) were icing on the cake for China's powerful strain of export-led growth. Moreover, to the extent that its currency-management objectives required ongoing recycling of a massive reservoir of foreign-exchange reserves into U.S. dollar - based assets, such capital inflows helped keep longer-term U.S. interest rates at exceptionally low levels. In effect, China's implicit interest-rate subsidy ended up becoming an important prop to bubble-prone U.S. asset markets and, ultimately, for the asset-dependent American consumer...