Lead Article NY Times Today (Regarding Wallstreet Bonuses over the Last 5 yrs)
“As a result of the extraordinary growth at Merrill during my tenure as C.E.O., the board saw fit to increase my compensation each year.”
— E. Stanley O’Neal, the former chief executive of Merrill Lynch, March 2008
For Dow Kim, 2006 was a very good [...]
Rich Miller
Bloomberg
Monday, Oct 27, 2008
Less than three weeks after the Federal Reserve’s emergency interest-rate reduction was, in the words of its vice chairman, “overwhelmed” by the collapse of financial markets, Ben S. Bernanke is about to try again.
The outlook has worsened since the Fed last acted on Oct. 8, and analysts now say the [...]
Economists think the Fed may be inclined to leave rates at such low levels possibly through the rest of this year and maybe into next year.
WASHINGTON (AP) — The Federal Reserve is poised to deliver another interest rate cut to millions of people and businesses this week, although that could be the last break they [...]
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