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...More tempting for the MPs: the issue of bankers' pay. Goodwin, who said he went without a bonus last year after stepping down eight years into the job, admitted he has lost $7.4 million as RBS shares have plummeted. Amid reports that the bank plans to pay its existing staff bonuses for 2008, all four former execs agreed that changes to the bonus system should be looked at. Hornby reckoned that bonuses "do not reward the right kind of behavior" and suggested they be tied more closely to long-term performance. The 42-year-old, who also went without...

Author: /time Magazine | Title: Britain's Bankers Say Sorry — Again and Again | 2/10/2009 | See Source »

...spectrum, receives 83 percent of its budget from the endowment. The Divinity School—which receives 71 percent of its budget from the endowment—has planned more extensive belt-tightening measures than many of its peers. The school will cut its annual budget by four to eight percent and is already “reducing sharply” the number of visiting and adjunct professors, according to a letter from Dean William A. Graham to the community late last month. —Staff writer Athena Y. Jiang can be reached at ajiang@fas.harvard.edu. —Staff...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Schools Expect Payout Decline | 2/9/2009 | See Source »

Faced with consecutive matches against two of the nation’s top squads, Harvard men’s squash began the weekend in stunning fashion but could not sustain its momentum.The fifth-ranked Crimson (6-3, 3-2 Ancient Eight) notched a thrilling 5-4 comeback win over No. 7 Penn on Saturday, but fell 9-0 to No. 2 Princeton yesterday.“They were two very different matches,” junior Frank Cohen said. “Penn was a very good match for us, but Princeton is tough. It’s difficult...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Weekend Yields Mixed Results | 2/9/2009 | See Source »

...traveled through Spain, Nicaragua and several other destinations in a wheelchair, has created a new website called Accessible Travel, an online info and booking site devoted to helping his fellow handicapped globe-trotters. Launching on Feb. 19, the site will include information on accessible hotels in San Francisco and eight European cities - including London, Paris and Prague - and will expand over the next few months to include New York City, Miami, Chicago, Boston, L.A., Scandinavia and New Zealand...

Author: /time Magazine | Title: Fashion Week's Couture Tea Cakes and Other Travel News | 2/9/2009 | See Source »

...worst hit areas were between 35 miles and 60 miles (60 km to 100 km) northeast of Melbourne. There, the town of Kinglake lost 20 of its residents, St Andrews, 12, Marysville eight, and Steels Creek seven. It happened quickly. Marysville motel owner Christine Adams says that the only warning was a red glow in the sky. "We sent the guests packing and put a few things in the car and then we saw the flames. It was like a huge fireball that came over the hill. It was moving very fast and we grabbed a few more things...

Author: /time Magazine | Title: Horror and Tragedy in Australia's Worst Wildfires | 2/9/2009 | See Source »

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