For better or for worse

Article Abstract:

Prague, the capital of the Czech Republic, is recovering economically, environmentally and socially from the hardships it endured under communism. The city's market economy is thriving, although participation by wealthy foreigners and expatriates has led to increases in living costs, such as rents, that those on fixed or limited incomes find difficult to bear. The city still suffers from pollution problems, although environmental issues are beginning to draw more public attention. Another communist legacy is the reluctance of the populace to participate in community improvement projects.

Economic aspects, Czech Republic, Economic development, Description and travel, Community development, Cost and standard of living, Cost of living, Capitalism, Prague, Czech Republic

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A better wetter future

Article Abstract:

Somerset Levels, Great Britain, is regaining some of its wetland flora and fauna after the concentrated effort made by National Rivers Authority, Somerset Trust and the European Community to increase the water level in the area. Decrease in water levels to harden the ground for efficient farming had changed the ecological balance of the area. The farming and environmental revolution of the 1980s increased awareness about the loss of unique natural phenomena and the area was declared an environmentally sensitive area.

United Kingdom, Environmental aspects, Wetlands

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A better option

Article Abstract:

A recent National Bureau of Economic Research paper showed that CEOs of major companies are given annual stock options that are larger than their salaries and bonuses. This practice has strengthened the link between executive pay and performance. However, the executives surveyed expressed confusion over the incentives provided by stock options. The study also discussed four options-granting policies: up-front option grants, fixed number policies, fixed value policies and unofficial 'backdoor repricing.'

Stock Options, Research, Compensation and benefits, Executive compensation, Chief executive officers, Employee stock options, National Bureau of Economic Research

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