Big bucks on Wall Street stirs up outrageGoldman Sachs disclosed this week it paid CEO Lloyd Blankfein a nearly $54 million bonus in cash, stock and options.
The immense bonus breaks a record set just last week when Morgan Stanley gave a $40 million bonus for CEO John Mack.
To put it into perspective, New York State residents make an average of $46,000, or less than one-tenth of one percent of Blankfein's bonus.
The bonuses come after a banner year for investment banks, including Goldman Sachs' 70% rise in profits to almost $10 billion, the highest in the history of Wall Street.
Want to know what all the excitement is about? Follow me below to the new land of milk and honey.
"We're looking at three issues that deserve to be at the center of the debate this fall, not just because they are important topics, but because together these stories reveal a powerful and sometimes disturbing picture about how our government works," says Bill Moyers. "The way these issues are playing out should serve as a wake-up call for citizens."October 4, 11, and 18 at 9 p.m. on PBS (check local listings): Mark you calendars, set your TIVO/DVR, or save this link. After the broadcast, each episode will be available in its entirety for [viewing online http://www.pbs.org/moyers]. More info on each broadcast below the fold.
· Conservative group wants FEC to override state laws on robocalls (desmoinesdem)
· URGENT: Call these House Ds Saturday to oppose Stupak amendment (desmoinesdem)
· WI-08: Wingnut plans to run as "conservative independent" (desmoinesdem)
· 50 percent of southerners say Obama better president than Bush (desmoinesdem)
· What Yesterday Says About Young Voters (Mike Connery)
· Max Blumenthal on the dysfunctional movement driving the GOP (Mike Connery)
· IA-Gov: Culver launches second tv ad (desmoinesdem)
· Hilarious Vid On Why We Must Vote No On Issue 2!! (Cliff Schecter)
· NY-23: Scozzafava Drops Out! (lipris)
· NY-23: Pataki Goes Rogue, Endorses Teabagger Darling Doug Hoffman (lipris)
· Dunne Considering Run For VT-Gov (Nathan Empsall)
· McGovern Grandson Looks to Challenge Thune in 2010 (Jonathan Singer)