Archive for February 27th, 2013

Ain’t That a Shame? Part Deux: Mo’ Better Bonuses for Bailed Out Wall Street


Wednesday February 27th, 2013   •   Posted by K. Lloyd Billingsley at 4:18pm PST   •   0 Comments

Wall Street cash bonuses for 2012 could rise 8 percent to a grand total of $20 billion according to the Wall Street Journal, in an industry where the average salary is $362,900, higher than before the financial crisis began. Those who bagged the fat bonuses are doubtless popping the bubbly and heading for the...
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High-Maintenance Ruling Class


Wednesday February 27th, 2013   •   Posted by K. Lloyd Billingsley at 10:29am PST   •   3 Comments

As Thomas Sowell has pointed out, politicians like to spend money on government pensions, for obvious reasons. It reinforces their professional ruling-class status, they are spending other people’s money on themselves, and the spending comes down the line in the future. But in a lingering recession and shrinking economy, articles like this are starting...
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