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...According to The Wall Street Journal, "The most stringent pay restriction bars any company receiving funds from paying top earners bonuses equal to more than one-third of their total annual compensation." That means that a trader making a modest salary of $400,000 who brings in $50 million in profits for his firm would probably be paid less than $600,000 under the new rules. Most traders get bonuses at year end. Successful traders can make $10 million or $20 million a year in exchange for pumping up their employer's bottom line...

Author: /time Magazine | Title: Can Wall St. Dodge Government Pay Limits? | 2/16/2009 | See Source »

...current economic collapse with precision long before most economists. His forecasts for the next year or so seem reasonable and are widely viewed as a good road map for what is likely to be ahead for GDP and employment. However, he may not be right with his estimate that total banks write-offs due to toxic financial instruments sold by U.S. will be about $3.3 trillion worldwide. That is well above projections by most economists and the IMF. Nationalization of U.S. banks would cause hundreds of billions of dollars of losses to the common and preferred stockholders in the firms...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...second consecutive game, leading all players with 12 kills. Junior Max Lipsitz played equally well opposite Holt, also recording a perfect hitting percentage. Overall, 12 Penn State players each had at least one kill and the Lions averaged a phenomenal team attack of .673 over three games, amassing a total of 45 kills to only 6 errors.“They’re really tall,” Rosier said. “Walking out on the court, it’s like you’re walking into a forest of redwoods.”Ivica...

Author: By Kevin T. Chen, CRIMSON STAFF WRITER | Title: Harvard Downed Twice in Tough Weekend | 2/16/2009 | See Source »

...Cornell in a 96-75 blowout at Newman Arena. Led by all-Ivy forward Ryan Wittman’s 20 points, the Big Red (16-7, 6-1 Ivy) extended its home win streak to a school-record 18 straight games. Although it put up its highest point total since defeating Boston College over a month ago, the Crimson (10-11, 2-5) also gave up the most points it has all season, allowing Cornell to shoot an astounding 62% from the field.“Offensively they’re very efficient, and they have a lot of weapons...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Ivy’s Best Crushes Overmatched Harvard | 2/16/2009 | See Source »

...problem is that it is not easy to count every person in the United States, and some communities are disproportionately left out of the total. The 1990 census missed an estimated 8 million people - mostly immigrants and urban minorities - and it managed to double-count 4 million white Americans. Recent or illegal immigrants are often reluctant to answer questions in a government survey, and many experts fear that concerns about government misuse of personal data post-9/11 could hamper participation in the 2010 census as well. Children have also traditionally been underincluded in census totals...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

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