New York -- The global economic crisis has finally caught up with Wall Street insiders who triggered it. They are discovering that their traditional year-end compensation is lowering the balance on their bank...
You might think that sounds like a good idea since Americans are not real satisfied with the administration’s performance. Yet, think about it some more. “Bonuses” are planned and provided to people who...
These are only rumors because Target has not officially released its Black Friday sale ads but leaked sale items are secretly floating around the web and are hiding some very good deals. Target has said...
created by Gordon Clark | 2 years ago | updated 2 years ago 1713 views | 3 recommendations | 0 comments
This past summer, angry tea baggers yelled, screamed and berated Democrat lawmakers over government spending on health care. There was also a protest in Washington D.C. over the taxpayer dollars being used to...
As economies age, more and more people 'stop productive working.' That is, they get some special privilege, some inside point of view, some conniving advantage. The latest numbers, for example, tell that almost...
This follows the news announced by the White House last Friday, that Goldman Sachs Group Inc. Vice Chairman Robert Hormats was appointed to the role of State Department's undersecretary for economic, energy and agricultural affairs. Read about it here, on NowPublic."July 16,...
created by Maireid Sullivan | 2 years ago | updated 2 years ago 222 views | 4 recommendations | 1 comment
" The 2008 AIG bonus pool just keeps getting larger and larger. In a response to detailed questions from Rep. Elijah Cummings (D-Md.), the company has offered a third assessment of exactly how much it paid out in...
Written by Phil Gremillion, a man described as "a businessman, farmer, inventor and Cajun who lives in Lafayette (La.)," a commentary published today in The Daily Advertiser of Lafayette, La., follows perfectly on...
opinion by BMCWrites | 2 years ago 373 views | 4 recommendations | 0 comments
Fox Business Network anchor Dagen McDowell appeared on Fox News to make the case against the tax on AIG bonuses by comparing it to sexual abuse:"You don’t want to think if you get in bed with Uncle Sam he’s...
Shane Croft Windermere, FL "Fortune soon tires of carrying anyone long on her shoulders" -Baltsar Gracian Ah, the good old U.S. of A. One nation, under God, indivisible..... A creator, carrier, and mother of so many great fortunes. As a people, we tend to...
opinion by shanecroft | 2 years ago 116 views | 12 recommendations | 1 comment
Update: The US House of Representatives votes today on a bill to tax those AIG bonuses at 90%, though such a retroactive tax would not stand up constitutional law. In that light, it's meant more as a gesture,...
created by Jordan Yerman | 2 years ago | updated 2 years ago 439 views | 21 recommendations | 3 comments
Rep. Gary Peters (D-Michigan) attacked AIG for not renegotiating their “iron clad” contracts the same way the auto workers union (UAW) was forced to do during the recent car-maker bailouts. “In my...
Update: AIG CEO Edward Liddy has asked bonus recipients to give half of the money back. I don't imagine that this will pacify the public, and thus lawmakers must keep re-election prospects in mind when...
opinion by Jordan Yerman | 2 years ago | updated 2 years ago 277 views | 36 recommendations | 4 comments
Reports over the weekend that bailed-out insurance giant AIG will be paying $165 million in bonuses to executives “in the same business unit that brought the company to the brink of collapse last year” have...
Taxpayer bailout money made Government to own majority stakes in banks like Citi Bank, Bank of America, Fanny Mae, Freddy Mac, AIG and a few more. However the board members who have presided over these disastrous...
opinion by PIM of SPAIN | 2 years ago | updated 2 years ago 193 views | 20 recommendations | 3 comments