Bonuses for bankers, sackings for workers

Germany’s biggest bank, Deutsche Bank, released figures last week for the 2009 business year, showing a massive net profit of €5 billion: here.

USA: Goldman Sachs and JP Morgan, the largest Wall Street banks, announced multi-million-dollar year-end payouts for their chief executives on Friday: here.

Los Angeles Mayor Antonio Villaraigosa ordered the elimination of 1,000 city worker jobs in order to close the city’s $218.5 million budget deficit: here.

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