Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Friday, March 13, 2015

Wall Street Bonuses Rise 2 Percent Even As Profits Fall

NEW YORK, March 11 (Reuters) - The average bonus on Wall Street rose 2 percent last year to $172,860, even as pre-tax profits at the broker-dealer operations of NYSE member firms fell 4.5 percent to $16 billion, New York state's budget watchdog said on Wednesday.

"Industry profits were lower because of weakness in fixed income and commodities trading, higher capital reserve requirements and the continued cost of legal settlements," said the report by New York state comptroller Thomas DiNapoli. (Reporting by Edward Krudy; Editing by Leslie Adler)

Original Article
Source: huffingtonpost.com/
Author: Reuters
Topics: , , ,

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