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...Washington. The House Committee on Financial Services held a hearing on executive compensation. Harvard professor Lucian Bebchuk, who recently consulted pay czar Kenneth Feinberg in setting compensation limits at bailed-out firms, said Congress should regulate and "place limits" on Wall Street pay. Nobel Prize-winning economist Joseph Stiglitz told the panel that bank pay incentivized traders and other employees to take the excessive risks that contributed to the financial crisis. And corporate-governance expert Nell Minow asserted that Wall Street firms had done little to change the pay practices that she believes were a "symptom and cause...
After these candidates flopped, Democrats patronizingly blamed their misfortunes on voters’ “anger.” “People are angry, and they’re frustrated,” Obama told George Stephanpoulos, “not just because of what’s happened in the last year or two years, but what’s happened over the last eight years.” This tactic smells stale. In 1994, Peter Jennings, then-host of ABC Nightly News, said voters threw a “temper tantrum” after Republicans...
...Science of the Physical Universe 12: "Natural Disasters," which we recommend below, students were told to close their eyes as the professor turned the lights off and played a loud recording. As the intensity of the sound grew, the students, we were told, felt as if they were shaking. When the lights came back on, students were shown a photo of the disaster in Haiti and told that the noise was what they would have experienced had they been physically there at the time, and that scene was what they would have seen had they been alive...
...conflict last May - but the advent of the poll has brought out deep tension, division and several alarming incidents of violence. "There is this foreboding sense that things could turn really bad," Keerthi Thenakoon, the chief executive of the election-monitoring body Campaign for Free and Fair Elections (CaFFE), told TIME. "It is like sitting on a dynamite pile that is giving off sparks...
...violence on polling day, voters may stay home in fear, CaFFE's Thenakoon warns. That's a big risk for the opposition, as Fonseka supporters say that the higher the voter turnout, the better his chance of ousting Rajapaksa. "They want to keep us away from the booths," Fonseka told the crowd at his final election rally on Jan. 23. "We should not get scared, we should go and vote." (See pictures of life in the territories previously controlled by the Tamil Tigers...