Wednesday, January 11, 2006

Somebody's Doing Well In This Bush Economy

From Reuters:

NEW YORK — Wall Street bonuses are expected to have risen to a record $21.5 billion in 2005 from $18.6 billion in 2004 as financial sector revenues surged, New York State Comptroller Alan Hevesi said Wednesday.

Last year's bonuses beat the record of $19.5 billion set in 2000 at the peak of the equities boom, Hevesi said during a conference call with reporters.

"2000 was the peak of the greatest boom in our modern history. It was a remarkable time, so this is very good news," Hevesi said.


Hevesi said the average bonus in 2005 was $125,500 — or $25,000 more than in 2000.

"The reason for this is financial sector revenues are up dramatically in the first three quarters of 2005, up 44.5 percent. That's gross revenue," Hevesi said.

The state's Democratic comptroller said profits also were up "substantially," but were modified by interest rates.

Revenues up dramatically - 44.5 percent - on Wall Street.

Average bonuses of $125,000 on Wall Street.

As a Department of Ed employee, I got a 3.5% "raise" this year, but I have to work longer, work more, sit outside a bathroom for 44 minutes a day, lose my seniority rights, and teach a sixth class.

Guess I'm in the wrong business.

I sure am glad somebody's making money in this economy besides Halliburton, KBR and the oil companies though.

Ah, stop bellyaching. Try to get a Unity job, and then you can get the raise without the givebacks.

Plus you can write for Edwize, no matter how hackneyed and stilted your prose style may be.
I have to say ever since I started working for unity and collecting another pay check, things are better around the reality-based household.
It's about time you stopped hanging around that pool hall.

Or is that what they're paying you to do?
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