This video from the USA says about itself:
Merrill Lynch pushes out $3.6 B of early bonuses and Morgan Stanley Executives are told by Co-President James Gorman to no longer call Bonuses, a “Bonus” and instead call it a “retention award.”
USA: Obama has named as the Democratic co-chair of the deficit reduction commission the former White House chief of staff Erskine Bowles, a member of the board of directors of Morgan Stanley, the investment bank that was a principal beneficiary of the Bush-Obama Wall Street bailout: here.
The state of Illinois, confronting a deficit of about $13 billion, has ceased making scheduled payments to multiple state agencies, among them the University of Illinois, forcing pay cuts and furloughs: here.
Britain: Women bear brunt of recession, Prentis warns: here.
A policy paper produced by the EU president indicates that Brussels intends to use Greece’s debt crisis to justify clawing more economic power away from member states: here.