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...fact, much of Hall's ability to produce outsized profits for Citi comes from the creative ways he had found to make money off the oil markets, doing things that would either be impossible for the average small trader or that most traders just won't think of. Earlier this year, for instance, Hall and his traders rented a tanker and filled it with 1 million barrels of oil. Oil prices were down, but most traders thought they were going up again, so futures contracts pegged to distant-month deliveries were expensive. The better deal was the real thing...
...Citi, the controversy surrounding Hall's pay was about whether a bank that has received $45 billion in government assistance should be turning around and handing over big bags of cash provided by taxpayers, most of whom won't make one-tenth of Hall's annual salary in their entire lifetimes, to its employees. But now that Hall has left Citi, a larger question remains: Is anyone really worth $100 million a year, and what exactly do you have to do to deserve that much...
...That won't happen anytime soon. It would send "the wrong signal," warned Campbell. His boss agrees. "Sanctions remain important as part of our policy," said Hillary Clinton, describing them and engagement as "tools" to achieve the same goal: democracy in Burma. Considering Than Shwe's nonexistent track record on reform, U.S. officials are right to downplay the impact of engagement. Barring any real concessions from the hard man himself - starting with the release of Suu Kyi and other political prisoners prevented from running in next year's polls - democracy remains a distant prospect. "Everyone is calling for reform...
...caveat, of course - talk about tiresome - is the internal state of British politics. Britain must have an election by next May; it is highly likely that it will be won by a Conservative Party, led by David Cameron, in which Euroskepticism seems as firmly rooted as it was when Margaret Thatcher gave her famous speech in Bruges 21 years ago. Cameron, who has taken his party out of the center-right European parliamentary grouping, annoying German Chancellor Angela Merkel and French President Nicolas Sarkozy, has promised a referendum on Lisbon if the treaty is not ratified by all E.U. members...
...shocked the academic experts by writing excellent encyclopedia entries on Wikipedia, so why can't amateurs, if we all work together, create perfect recipes? If enough of us discuss and debate our hamburger knowledge - our meat choices, cooking methods, spices, condiments, bread - then won't our collective experience create the Platonic burger? That's one of the goals of two websites - Foodista.com and the recipe section of Wikia.com - that allow users to post new recipes and revise existing ones any way they want, forming a great burger consensus...