Profits for US bosses, crisis for workers


US bank profits returned to their pre-crisis heights in the second quarter of this year, according to a report released Tuesday by the Federal Deposit Insurance Corporation (FDIC), the regulatory agency that insures consumer deposits at commercial banks: here.

Pharaoh CEO, cartoon

Chief executive officers responsible for the biggest mass layoffs of 2009 pulled in $12 million for the year on average, 42 percent higher than other CEOs at major companies and hundreds of times more than the average US worker: here.

Nearly 90% of poor women w/ children aren’t getting any financial assistance during the recession. Thx, Bill Clinton: here.

HUNDREDS of thousands of people are going hungry in Los Angeles County, California, in the richest state in the richest country in the world: here.

What has caused the growth of income inequality in the United States in recent years? Here.

1 thought on “Profits for US bosses, crisis for workers

  1. Pingback: British fat cats even fatter | Dear Kitty. Some blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.