[Vision2020] Merry Christmas, Wall Street

[Tom Hansen]

>From Bloomberg at:

http://tinyurl.com/59pk5d

"Five straight quarters of losses and a 70 percent slide in its stock this 
year haven't stopped Merrill Lynch & Co. from allocating about $6.7 
billion to pay bonuses.

 . .

The money Merrill has set aside for bonuses equates to an average $110,000 
for each of its 60,900 people, up from $108,000 a year ago because more 
than 3,000 jobs have been cut.

 . .

New York-based Goldman, Morgan Stanley, Merrill, Lehman and Bear Stearns 
Cos. awarded their employees a cumulative $145 billion in bonuses from 
2003 through 2007, according to estimates based on company reports. That's 
more than the annual gross domestic product of the Philippines."

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Seeya at the polls, Moscow.

Tom Hansen
Moscow, Idaho
 
"We're a town of about 23,000 with 10,000 college students. The college 
students are not very active in local elections (thank goodness!)."

- Dale Courtney (March 28, 2007)


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