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Old 10.01.2011, 16:00
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Deepening crisis traps America's have-nots

From the interesting pen of Mr. Ambrose Evans-Pritchard, a little piece of food for thought on the (joyless? jobless?) recovery in the USA:
http://www.telegraph.co.uk/finance/c...have-nots.html

Quote:
“Corporate America is in a V-shaped recovery,” said Robert Reich, a former labour secretary. “That’s great news for investors whose savings are mainly in stocks and bonds, and for executives and Wall Street traders. But most American workers are trapped in an L-shaped recovery.”
The writer goes on to link, ever so tenuously, the state of dissatisfaction with the renewed rise in armed militias.

Paul
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Old 10.01.2011, 17:42
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Re: Deepening crisis traps America's have-nots

When one sees the emails circulating to senior CS bank managers regarding the staggering of last years bonuses for "those due to receive up to 50k, there's no deferment blah blah blah, for those due 160k+ blah blah blah and for those due 750k+ you'll get the final installment after your third year blah blah blah" kinda makes you understand some going postal.

Seriously, could they not be simply informed over lunch? Are there that many receiving CHF1m bonuses that emails need to be sent?

Sigh. Have to wait my three years, it seems...

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Sorry, what was the question?

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