Word: watered
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Clawing back gains absent fraud--and where there are no preset clawback agreements--is another matter. The concept is foreign to most of Wall Street. Hedge funds generally have only what you might call "claw forwards": high-water-mark provisions that prevent managers from pocketing performance fees after a loss until they've made up that loss to their investors. Investment banks, meanwhile, have for decades paid out bonuses on the basis of one year's profits and worried about the consequences later...
...Friday evenings, Francis Hajdas takes his sleeping bag to church. He puts it down among the pews on the left side, close to the century-old carved-wood confessionals, before examining a folding table by a marble tomb of Jesus, which holds a spread of apples, candy canes, water and homemade cookies donated by supporters...
...While carbon-dioxide levels and coral reefs may seem unrelated, the fate of the world’s oceans and the level of our carbon output are inextricably tied together. As carbon levels in the atmosphere increase, the world’s ocean water becomes more acidic. These more acidic waters have a direct, detrimental effect on coral growth. Moreover, acidic waters reduce the survival of animals with calcium-carbonate shells or skeletons, like krill. The killing off of animals that occupy a low level in the marine food chain undermines the chain and can destabilize entire oceanic ecosystems...
...belief that the oceans can be protected piecemeal—an approach that stems from terrestrial conservation. On land, protecting sites in patches can be successful. For example, cutting down trees around Yellowstone will not immediately harm the trees within Yellowstone. The oceans, however, are different because water and life move freely without the same geographic restraints as on land—illustrated by the fact that ocean currents bring in thousands of pounds of garbage from nearby islands into the protected Papahanaumokuakea Marine National Monument. Regardless of well-intentioned efforts like creating marine sanctuaries, oceanic environments will never...
...been offered a concurrent position in the new White House Office of Health Reform), though most surgeons general have been largely invisible since the days of Ronald Reagan's C. Everett Koop, who spoke out often against the dangers of smoking. Bill Clinton's Joycelyn Elders got into hot water for advocating the teaching of masturbation, while George W. Bush's Richard H. Carmona admitted to getting a gag order from the White House on anything that didn't match the Administration's politics. Gupta, who enters politics with an already robust fan base, will most likely not suffer...