By EDMUND L. ANDREWS and VIKAS BAJAJ
The Obama administration is expected to impose a cap of $500,000 on the compensation of executives at companies that receive large new infusions of federal bailout money.
Nobel economics prize to US trio 此三人或可稱為同道
The Nobel Prize for Economics has gone to three Americans for their so-calledmechanism design theory that determines when markets are working effectively. One of the prize winners, Leonid Hurwicz, is a Russian-born US citizen and now 90 years of age, making him the oldest ever Nobel prize recipient.
The Swedish Royal Academy of Sciences says his colleagues Eric Maskin and Roger Myerson developed his theory further. It showed that in practice competition is not completely free, consumers are not fully informed and that consumption can lead to benefits but also social costs.
The three economists will be awarded their prize, worth 1.1 million euros, in Stockholm on December 10.
Definitioncolleague Hide phonetics
noun [C] ━━ n. 同僚; 同職者; 同役.
one of a group of people who work together:
We're entertaining some colleagues of Ben's tonight.
recipient Hide phonetics
noun [C] FORMAL
a person who receives something:
This latest cut in government spending will affect income support recipients and their families.
He was a recipient of the Civilian Service Award.