Word: thursdaying
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...Thursday, Crown, an imprint of Random House, announced that the former President has signed on to write a book, to be published in fall 2010, tentatively titled Decision Points. According to the publishing house, "the book will not be a conventional memoir, but instead will focus exclusively on approximate a dozen of the most interesting and important decisions in the former President's personal and political life" - including his decision to quit drinking, his reaction to 9/11, his response to Hurricane Katrina; and how he found faith. (See photos of Crawford, Texas...
...Bush will have a writing companion in his wife, Laura, who in January signed a multimillion-dollar contract to write her own memoir. But they'll have to pedal hard to catch up with the literary achievements of the current occupant of 1600 Pennsylvania Avenue. Thursday also brought news of Barack Obama's 2008 book earnings - with the same publisher, Crown. The President picked up $2.5 million in royalties last year for his memoir Dreams from My Father (139 weeks and counting on the New York Times paperback nonfiction list) and The Audacity of Hope (64 weeks on the same...
...revelations about Citi's bonus plan come at a time when anger over executive pay, particularly in the troubled financial sector, is boiling over. On Thursday, the House overwhelmingly passed a bill that would impose a 90% income tax on all compensation over $250,000 earned by employees at banks that have received more than $5 billion in bailout funds. The Senate is working on its own bill to raise taxes on highly compensated bankers. President Barack Obama indicated he would sign legislation that curtails bonuses...
...none of that has calmed this week's circus in the nation's capital. And so on Thursday, after little debate, the House overwhelmingly passed a measure to tax at a rate of 90% not just the AIG bonuses in dispute, but the lion's share of bonuses paid since the start of the year to all employees making more than $250,000 a year at firms receiving more than $5 billion from the government's banking rescue program known as TARP. The Senate next week is expected to take up its own clawback bill, which would...
...Meanwhile, Jean-François Copé, president of Sarkozy's Union for a Popular Movement majority in parliament, has similarly aired his differences with the president. On the eve of Thursday's strike, Copé described the protest as a "comprehensible" way of communicating "the main message of concern for [peoples'] jobs and purchasing power...