The bank – which will report its final results for 2011 on Wednesday – has already set aside 44 per cent of the $22.76bn (£14.89bn) of revenues it generated during the first nine months of the year to pay staff. The lion's share will be shared by a small number of elite level "partners".
If pay remains at that level in the fourth quarter, the final compensation ratio will show a significant rise over the 39.3 per cent of revenues handed out by Goldman in 2010, when the total pay out was $15.38bn.
Analysts expect Goldman's
Even the conservative Washington Times agrees:
It's official: Congress ended its least-productive year in modern history after passing 80 bills — fewer than during any other session since year-end records began being kept in 1947.
Furthermore, an analysis by The Washington Times of the scope of such activities as time spent in debate, number of conference reports produced and votes taken on the House and Senate floors found that Congress set a record for legislative futility by accomplishing less in 2011 than any other year in history.
When you're the worst in modern history, the campaign ads write themselves.
Last night during debate #962, the bloodthirsty warmongers in the audience booed Ron Paul when he said maybe we should use the Golden Rule as our foreign policy.
These people are frightening.
Karen Santorum doesn't understand why gays hate Frothy:
"As Rick's wife, I have known him and loved him for 23 years," she said. "I think it's very sad what the gay activists have done out there. They vilify him. It is so wrong. He loves them. What he has simply said is marriage shouldn't happen."
"As far as hating, it's very unfortunate that has happened," Karen Santorum added. "A lot of it is backyard bullying, where people will come up to us and they'll say something. And we'll ask them to give us an example, and they can't even provide one example as to why they took the position they took."
I guess all that free-love and abortions in her past has deranged Karen and she has forgotten all the overturning DADT, man-on-dog, and pedophilia, and various other less-than-human comments. (Raw Story)
The Queen should be given a new royal yacht – likely to cost at least £60m ($86 million US) – as a way to help overturn Britain's mood of austerity, according to Cabinet minister Michael Gove.
This is why we cannot have nice things anymore.
We have long wondered about this very thing ourselves. "Talk show host David Pakman questioned Bryan Fischer of the American Family Association on his program Monday over his opposition to non-heterosexual behavior and same sex relationships. ... About halfway through the interview, Pakman asked why those opposed to same sex relationships seemed to focus on anal sex between gay men and ignore lesbian women. ... "Many people on your side -- I guess, if we are to call it a side -- seem so fixated on the minutia of what two men do with each other, when they claim that they're focus is really the broader morality of homosexuality," Pakman said. "But you seem completely unconcerned with lesbians, which seems to be very common among anti-gay folk. Why is the obsession with gay male sex as opposed to lesbians? Do you care about lesbians at all?""