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...That [selling the AIG stock] was not a breach of our fiduciary responsibility," Greenberg replied. He maintained that Starr - which was long operated as if it were a private subsidiary of AIG - is an independent company with the right to end the compensation plan as well as the right to sell its shares...
Heat Index. Get used to sweating. Under a business-as-usual course, by the end of the century, Washington, D.C., could average as many as 90 to 100 days a year above 90 degrees Fahrenheit, up from around 30 to 40 days now. Southern Florida and southern Texas could see more than 160 days a year above 90 degrees Fahrenheit...
...Medvedev told reporters after the summit, "I hope that these milk hysterics do not in the end spoil work on the collective rapid-reaction force [the CSTO]." But the milk wars are threatening to sour further. In March, Russia and Belarus made a verbal agreement allowing Belarus concessions on the contract-listed gas prices that Russia charges. But on Monday, Gazprom spokesperson Sergei Kupriyanov told Russian daily Kommersant that the existing contract was never altered, meaning Belarus would have to pay $210 per 1,000 cu m of gas rather than the $150 that was agreed upon - a crippling amount...
...Belarus could not survive without Russia," says Wilson. "But translating that into political reality has always been really difficult. At the end of the day, Belarus needs trade and resources to survive, both of which come from Russia." So for now, Belarus will have to keep up its balancing act between Russia and Europe - and hope that, soon, Russia goes back to drinking its milk...
...about voting in this election. "Why should I bother to vote when my vote isn't respected?" a shopkeeper in eastern Tehran said to me. His wife, he said, was already hectoring him to vote. "She thinks it will make a difference. She'll probably make me in the end." Given the inertia and skepticism that reigned just a few months ago, the sudden energizing of public sentiment in the three weeks preceding the election was extraordinary. Seemingly overnight, Iranians sloughed their cynicism and began to follow the campaign avidly. Whatever you attributed this to - a delayed realization of what...