Wall Streets Record Payouts / Worst Homelessness on Record

Wall Street On Track To Award Record Pay

BY AARON LUCCHETTI AND STEPHEN GROCER

Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year — a record high that shows compensation is rebounding despite regulatory scrutiny of Wall Street’s pay culture.

Workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges can expect to earn even more than they did the peak year of 2007, according to an analysis of securities filings for the first half of 2009 and revenue estimates through year-end by The Wall Street Journal.

more:
Wall Street Journal
……………….

Homeless Population in Shelters Hits Record High. This year is the “worst on record”
By VICTORIA CAVALIERE

There number of homeless people using city shelters each night has reached an all time high — a 45 percent increase since Mayor Bloomberg took office eight years ago, according to a new report.

The statistics, released today by the advocacy group Coalition for the Homeless, find that over 39,000 homeless people — including 10,000 homeless families — check in to city shelters every evening.

In 2002, about 31,000 people were using city shelters — and those numbers have steadily increased each year, the group said.

This year has turned out to be “the worst on record for New York City homelessness since the Great Depression,” they said.

more:
NBC New York

My only question: Has it trickled down yet?

Advertisements

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 )

Google+ photo

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

Connecting to %s

%d bloggers like this: