7:39 p.m. | Updated Wall Street may be shrinking — cutting thousands of jobs over the last year — but for those who remain, the pay is still very lucrative.The average cash bonus for those employed in the financial industry in New York last year rose roughly 9 percent, to $121,900, Thomas P. DiNapoli, New York State’s comptroller, said on Tuesday.Cash bonuses in total are forecast to increase by roughly...
The New Old Age Blog: Is the Pope Frail?
Label: HealthWhite-haired at 85, Pope Benedict XVI looks a bit hunched in photos. He has had a pacemaker for years, the Vatican recently confirmed for the first time — an indicator of long-standing heart problems. His older brother has said that age is taking its toll.Observers have noticed the pope’s reduced energy. The Times has reported that he was ferried to the altar at St. Peter’s for Midnight Mass Christmas...
The New Old Age Blog: Is the Pope Frail?
Label: LifestyleWhite-haired at 85, Pope Benedict XVI looks a bit hunched in photos. He has had a pacemaker for years, the Vatican recently confirmed for the first time — an indicator of long-standing heart problems. His older brother has said that age is taking its toll.Observers have noticed the pope’s reduced energy. The Times has reported that he was ferried to the altar at St. Peter’s for Midnight Mass Christmas...
Bits Blog: Yahoo Issues a Statement on Work-at-Home Ban
Label: Technology In a front-page article in The New York Times on Tuesday morning, Catherine Rampell and I wrote about Yahoo‘s new policy banning employees from working remotely. The company declined to comment for that article, but on Tuesday afternoon, it issued a statement about the ban against work-at-home arrangements.“This isn’t a broad industry view on working from home,” the statement said. “This is about...
Pope Benedict Evokes Difficult Moments in Final General Audience
Label: WorldVATICAN CITY — In the waning hours of his troubled papacy, Pope Benedict XVI held his final general audience in St. Peter’s Square on Wednesday, telling tens of thousands of believers in an unusually personal public farewell that his nearly eight years in office had known “moments of joy and light but also moments that were not easy” when it seemed “the Lord was sleeping.” The audience came...
Feb
26
DealBook: Gupta Ordered to Reimburse Goldman Sachs $6.2 Million
Label: BusinessA federal judge on Monday ordered Rajat K. Gupta, a former Goldman Sachs director, to pay the bank more than $6.2 million to reimburse it for legal expenses connected to his insider trading case.Last May, a jury convicted Mr. Gupta, 64, of leaking boardroom secrets about Goldman to the hedge fund manager Raj Rajaratnam. The presiding judge, Jed S. Rakoff, sentenced Mr. Gupta to two years in prison....
Horse Meat in European Beef Raises Questions on U.S. Exposure
Label: HealthThe alarm in Europe over the discovery of horse meat in beef products escalated again Monday, when the Swedish furniture giant Ikea withdrew an estimated 1,670 pounds of meatballs from sale in 14 European countries. Ikea acted after authorities in the Czech Republic detected horse meat in its meatballs. The company said it had made the decision even though its tests two weeks ago did not...
Horse Meat in European Beef Raises Questions on U.S. Exposure
Label: LifestyleThe alarm in Europe over the discovery of horse meat in beef products escalated again Monday, when the Swedish furniture giant Ikea withdrew an estimated 1,670 pounds of meatballs from sale in 14 European countries. Ikea acted after authorities in the Czech Republic detected horse meat in its meatballs. The company said it had made the decision even though its tests two weeks ago did not...
Yahoo Orders Home Workers Back to the Office
Label: TechnologySince Marissa Mayer became chief executive of Yahoo, she has been working hard to get the Internet pioneer off its deathbed and make it an innovator once again. She started with free food and new smartphones for every employee, borrowing from the playbook of Google, her employer until last year. Now, though, Yahoo has made a surprise move: abolishing its work-at-home policy and ordering everyone...
India Ink: Narmada Devi, the Housewife from Uttar Pradesh
Label: WorldWhy do millions of people, from entire Indian villages to urbane middle managers to foreign tourists, brave the crowds at the Kumbh Mela? During this year’s 55-day pilgrimage, to Allahabad, Uttar Pradesh, an estimated 100 million Hindus and others are expected to take a holy dip in the Ganges River to wash away their sins. India Ink interviewed some of them.Narmada Devi, 45, a housewife from Varanasi,...
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