Wall St wages vs. Average wagesA disturbing chart tracks the average tracking the average Wall St bonus against the average American wage since 1985. And despite the GFC, they’re on the rise again. No wonder bankers are feasting on $43 steaks.
October, 2009
Goldman Sachs: “Pay inequality benefits all!” Errr…
A Goldman Sachs adviser has lauded Wall St execs receiving huge paychecks and bonuses as “a way to achieve greater prosperity and opportunity for all.”
Bailed-out execs face 90% pay-cut
The US government is set to order the companies that received the most money in last year’s Wall St bailout to slash compensation for their top executives.
Bush hits the motivational speaking circuit
Dubbya has a new gig: motivational speaking. The former US President will hit the circuit this weekend, putting his *ahem* renowned public speaking skills to good use at a business seminar in Texas.
The next big e-reader
US book retailer Barnes & Noble has launched its own e-reader. Called the “nook”, it’s a purty-lookin’ dual screen little gadget, but the real thing that sets it apart from other readers is that it lets users share e-books with each other
Breakfast Media Wrap: Lessons on courtship from a female red back spider
The pick of the morning’s media
Noel Pearson is ‘our’ Obama? Albrechtsen’s swatch politics
Janet Albrechtsen dubbed Indigenous leader Noel Pearson as Australia’s answer to Barack Obama. Is that because they’re both, um, black? asks Guy Rundle.
Melbourne: a city of books or bogans?
Melbourne, the European capital of Australia, a recognised City of Literature, known for its coffee and elegance. Right? Wrong, says Tony Martin. Melbourne is a city of bogans, not books.
Country clubs and corporate jets: perks continue at bailed-out banks
When the US government was bailing out their banks to the tune of hundreds of billions of dollars last year, big banking executives were receiving more perks and bonuses than usual, according to new corporate disclosures.
PHOTO GALLERY: Whoever said Canberra was boring? The mass exorcism of Parliament House
Last weekend, a mass political “prayer offensive” at Mt Ainslie against alleged satanic rituals included Christian singalongs, speaking in tongues and some Atheist, gay and Pagan gatecrashers. A rollicking good time was had by all.
The trapped world of Kim Jong-il
North Korean dictator Kim Jong-il may cop a lot of flack, but he’s not an idiot. He is, however, in a difficult position, where further opening of borders will risk his (increasingly limited) political power.
“Monopoly ruined my life!”
83-year-old economics professor Ralph Anspac has spent the better part of his life locked in battle with Monopoly-maker Hasbro over the rights to sell his own game called Anti-Monopoly, and to expose what he says is the “true” history of the boardgame.
Apple’s 10 big geeky announcements
Apple just unloaded a whole bunch of new products and features. Gizmodo rounds-up all the important bits, including cheaper iMacs, next-gen processors, the shiny new ‘Magic Mouse’, and more.
How social media can score you your next job
Time was that your Facebook addiction could get you fired — these days, HR folk are all over social media sites, scouring for web-savvy employees. TechRadar explain how you can use services like Twitter, LinkedIn and YouTube to score your next big break.
Kiernan: from security guard to larger-than-life mining character
Michael Kiernan, former boss of Consolidated Minerals, remains one of the Australian mining industry’s most colourful figures, having developed for himself a “black widow” reputation in the sector.
Community TV is on its death bed, when will Conroy step in?
Digital television is screwing community television stations like Channel 31, since they are stuck broadcasting in analogue and not yet allocated any space on the digital network. Emma Rugg explains.
How countries choose which side of the road they drive on
Why do so many other countries drive on the “wrong” side of the road? Believe it or not, Hitler, the Pope, horse-drawn carts and Napoleon have all played their part.
Intervention’s welfare management to extend across Australia
The Federal Government will shortly announce the extension of income management Australia-wide as part of its reintroduction of the Racial Discrimination Act in the Northern Territory.
Arrr! Prepare ye landlubbers for book piracy
With the arrival of the Kindle around the world, the publishing industry is preparing for an onslaught of black-market e-books, as people share them illegally online. Will it be the mp3 wars all over again?
Riding the coattails of Asia’s success
Despite initially being the hardest hit by the GFC, Asian economies have proven more resilient than US and Europe. Manufacturers are hopping on board, exporting to developing countries like China and India and reaping the rewards.
Crikey Says: The Trioli Awards
Crikey honours ABC2 host Virginia Trioli’s finger-twirling candour with a new award for public waffle.
Drinking with the enemy: the soft drink marketing wars
Soft drink giants Coca-Cola and PepsiCo are locked in a neck-and-neck battle to become new best friends of public health. It’s what you do when your industry is facing flak as an enemy of public health, writes Melissa Sweet.
US politely averts its gaze from the coup in Honduras
No you see it, now you don’t. The coup in Honduras of June 28 has revealed not only the deep divide between an impoverished majority and a privileged elite within Honduras, but the profoundly schizoid nature of the US’ foreign policy, writes Warwick Fry.
Political economy: Rate hike didn’t go far enough
If a 3% interest rate is “imprudent:, 3.25% is hardly prudent. Why the Reserve bank did not hike by 50 points last month is difficult to fathom, writes Henry Thornton.
