India's richest man caps his salary at $3.3M

India's richest man annouced he will voluntarily cap his compensation at 150 million rupees ($3.3 million) this year, saying Thursday that he will get by on about a third of his take-home pay from the previous year.

Mukesh Ambani's flagship company, Reliance Industries, said his decision reflects his "desire to set a personal example of moderation."

In 2008, he made 66 percent more, or 440.2 million rupees ($9.6 million), a drop in the bucket of his overall wealth, which Forbes magazine puts at $19.5 billion.

In March, Mukesh's younger brother, Anil, decided to forego all compensation this year, Tony Jesudasan, a spokesman for his group …

Preserve Clybourn Corridor

If you listen to some people, you'd think that using the law toprotect the investment people have made in their property is somekind of radical idea. These people would have you believe that thecity has no business trying to protect an important enclave ofmanufacturing on the Near North Side called the "Clybourn Corridor."They argue that Chicago would be better off letting yuppiegentrification sweep through the area, driving out the plants andtheir jobs.

The argument, which conveniently ignores the well-establishedlegitimacy of zoning laws, should not stand in the way of the CityCouncil approving a proposed designation of the Clybourn Corridor asa manufacturing area. …

Dan Rather Joins HDNet, Talking to AOL

PASADENA, Calif. - Saying the news "needs backers who won't back down," former CBS anchor Dan Rather confirmed Tuesday that he's joining Dallas Mavericks owner Mark Cuban for a weekly program that begins in October on HDNet.

The one-hour "Dan Rather Reports" will feature field reports, interviews and investigations. Rather will produce the program and be its host.

"Hard news needs backers who won't back down," Rather said. "Mark Cuban is such a leader. As a team player I intend to give Mark and HDNet all of the hard work, loyalty and fearless, high quality reporting possible."

Rather and Cuban were scheduled to meet with reporters late Tuesday in California.

…

Analysis: Nuclear concerns still weigh heavy on US

Behind President Barack Obama's toughened but modulated response to the Iranian election crisis is a calculation that when the dust settles, the United States will still face an unpredictable adversary that gets closer every day to producing nuclear weapons.

No one can say whether the unrest following disputed presidential elections will yield an Iran more willing to cut a deal over its disputed nuclear program. But as Obama sees it, the United States must be ready to talk no matter who sits on the other side of the table.

"My position coming into this office has been that the United States has core national security interests in making sure that Iran …

Ski Season: New Name, Old Look // Hot Dog Relishes Change

The Ski Chicagoland Association still includes all five downhillfacilities in the metropolitan area, but one has a new name - andlook - this season.

Americana, which had been for sale for five years, recently wassold to Marcus Hotel Corp. of Milwaukee.

The Lake Geneva facility has been renamed Hot Dog Mountain,and will be part of what is now the Grand Geneva Resort & Spa.

The new owners plan a major renovation of the resort, which wasa hot spot of the 1970s as an offshoot of Chicago's Playboy magazineempire. Playboy, which built the resort on what was then the IndianTrails ski area in 1968, sold it to Americana in 1980.

Among the first …

Boren remembers loss to Appalachian State

COLUMBUS, Ohio (AP) — There's no need to preach to Ohio State offensive lineman Justin Boren about how good an underdog can be, or what one can accomplish.

You see, Boren has firsthand knowledge of one of the biggest upsets in college football history.

On Sept. 1, 2007, Boren played for Michigan when the fifth-ranked Wolverines were shocked 34-32 by championship-subdivision Appalachian State.

"Appalachian State was a good team. People think that these (unranked) teams are so much different, but they're really not," Boren said Tuesday. "They're all very capable teams. Appalachian State was a very good team. People look at it and, like, dang, Michigan must be terrible. …

Citigroup's string of bailouts, at a glance

Citigroup Inc. CEO Vikram Pandit appeared in Washington on Thursday to tell bailout overseers that today's Citi is not the tangled behemoth that required more than $45 billion from the government to survive the financial crisis.

Citi's bailouts have attracted attention because it is the world's largest financial services conglomerate, and because the government seemed endlessly willing to rework the terms of Citi's debt in ways that helped the company _ but not always taxpayers.

Here's a look at the various stages by which the government's stake in Citi ballooned, and how much has been paid back:

_ Oct. 28, 2008: Treasury's first round of capital …