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Click here to visit the new home of Politics Daily!(Oct. 12) -- When people talk about symbols of frustration during the recession, exorbitant employee paydays on Wall Street are a target of choice. A report from The Wall Street Journal Tuesday morning won't help Wall Street dodge any more bullets. A survey of about 35 top financial institutions -- comprising banks, investment banks, hedge funds, money-management firms and securities exchanges -- estimates distribution of $144 billion in compensation and benefits for 2010. This amounts to a 4 percent increase from the $139 billion paid out in 2009, and potentially a whole lot more billionaire ...
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(July 19) -- After two years of bumper crops, the question of "food security" is once again back on the menu. The USDA announced this month that heavy rains have whittled down the expected yield of the U.S. grain harvest. China just doubled its imports of Canadian wheat to compensate for a bad crop. Authorities in 12 Russian regions have declared emergencies due to the worst drought in a decade. Vietnam, the world's second largest rice exporter, is similarly hurt. These are big problems, and they raise the age-old question: How should we feed the world in light of the many threats to the ...
President Obama urged Congress Saturday to take swift final action on sweeping reforms of the way Wall Street does business. Push the bill "over the finish line," he said, so that taxpayers will never again have to bail out banks and investment firms such as those involved in the 2008 meltdown. ...
President Obama urged Congress Saturday to take swift final action on sweeping reforms of the way Wall Street does business. Push the bill "over the finish line," he said, so that taxpayers will never again have to bail out banks and investment firms such as those involved in the 2008 meltdown. The president said the compromise legislation, facing final votes in the Senate and House, included "90 percent of what I proposed when I took up this fight. We'll put in place the strongest consumer financial protections in American history, and create an independent agency with an independent ...
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