Despite securities industry profits in 2018 rising by 11%, the average bonus paid to Wall Street employees declined by almost 17% to $153,700. This also means that the average banker bonus is unchanged since 2005.
The crisis we're facing now is not a result of some built-in demographic phenomenon. It is, rather, a problem with government pensions, entitlements, and transfers from productive workers to non-productive retirees...
"The games have shown to be very accurate in measuring a wide range of relevant social, cognitive and behavioral features -- things like attention, memory and altruism."
"The games have shown to be very accurate in measuring a wide range of relevant social, cognitive and behavioral features -- things like attention, memory and altruism."
"In the last few weeks I’ve come across a number of articles suggesting Europe is suffering from a new strain of the dread financial disease – Japanification. I think it’s the wrong diagnosis. Europe is suffering from something worse."
...desperate measures have done more harm than good... chronic over-reliance on short-term, feel-good medications has led to a serious long-lasting disease.
While Congress’ pension is secured by your tax dollars, only 13% of regular Americans have pensions today. And even if you were promised one, collecting it is another story...
..., the fact that small businesses are signaling a slowdown in hiring suggests we may be in for more weak employment reports in the months ahead, a prospect neither stocks nor bonds are discounting at the moment.
Prime Minister Juha Sipila and the rest of the cabinet resigned after the governing coalition failed to pass reforms in parliament to the country’s regional government and health services...
