Tuesday, October 20, 2009

Movement To Block Bernanke Gathers Steam
Blog for Our Future

Unmask the Fed
Congressmen Alan Grayson and Ron Paul

Latin America plans US dollar replacement

Press TV

Russia ready to abandon dollar in oil, gas trade with China
Rianovosti

Goldman Sachs breaks record with $16.7bn bonus pot

Guardian
"
Just weeks after the leaders of the G20 countries called for restraint in financial industry pay to avert 'unacceptable risk-taking,' Goldman's astute trading on resurgent financial markets yielded an almost 300% rise in quarterly profits to $3.19bn.

Under the US firm's policy of setting aside nearly half of its revenue to pay its staff, a remuneration fund for employees has reached $16.7bn for the year to date – amounting to $527,000 (£323,000) per person.

Barring a sudden slump in business in the final months of the year, Goldman's bankers, including 5,500 staff at its London office on Fleet Street, can look forward to an average year-end payout of more than $700,000 (£430,000) each, which would be the highest figure in the firm's 140-year history."

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