This video is called Max Keiser takes offense to Goldman Sachs story (pt1 of 2).
Goldman Sachs’ CEO Lloyd Blankfein said Tuesday that his firm did things that were “clearly wrong” and “has reason to apologize for.” His mea culpa, in response to growing public anger over the government-subsidized firm’s soaring profits, was issued in advance of next month’s announcement of record bonuses for Goldman executives and traders: here.
At Goldman Sachs, tis the season of giving. Not only is the firm lavishing huge bonuses on its employees, but its executives are finding ways around the company’s ban on Christmas parties – by calling them “dinners”: here.
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Jobless rate set to soar by 2011
Unemployment: Britain’s jobless rate could soar to 9.5 per cent in two years’ time – even after the economy begins to recover.
The Organisation for Economic Co-operation and Development predicted yesterday that unemployment would reach its peak in 2011, up from a current rate of around 7.8 per cent.
It also warned that further “substantive” measures may be needed to prevent lingering damage to the labour market caused by the rise in youth and long-term unemployment.
http://www.morningstaronline.co.uk/index.php/news/content/view/full/83477
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