Krugman: We’re doomedObama has told Bloomberg he doesn’t “begrudge” rich bankers their multi-million bonuses — that’s just capitalism. “Oh. My. God.” says Paul Krugman: how can the leader of the free world be so clueless?
Bonus payments
Goldman Sachs to dish out $23b in bonuses
Insurance firm Goldman Sachs will give out $23 billion in bonuses this year — twice as much as last year — despite America’s ongoing recession and the fact that the company had to be bailed out by the US government last year.
Business as usual on Wall St as big bonuses return
Buoyed by a recent boom in profits, Wall Street’s biggest banks are setting aside billions of dollars for executive bonuses, only months after they were rescued by the government bailout. Said government is less than impressed.
ARC: Gone and soon forgotten, the ARU hopes
The final nail has been placed in the coffin of the ARC – a competition which was condemned by many as a millstone around the neck of a cash-strapped ARU, writes Andrew Logan.
