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Dr. Kalinda Rose Stevenson
House votes to restrict Wall Street pay: Congress acts to end million dollar bonuses paid with bailout money
The United States House of Representatives passed a bill that restricts bonuses to bank executives.
Nothing has enraged ordinary people more than the idea that the biggest banks used bailout money to pay huge bonuses to their executives.
The House voted Friday to slap restrictions on how Wall Street executives are paid after nine banks that took government bailout money rewarded thousands of their employees with bonuses topping $1 million each. House Votes
In the same year the banks were failing, and taking billions of dollars in bailout money, the banks were paying their executives million dollar bonuses. Read more
Sphere: Related ContentTags: bank bailout, banks, Barney Frank, executive bonuses, financial crisis, Glass-Steagall, House of Representatives, make money, recession, Wall Street
Money Making Blind Spot. Why Economists Couldn’t See The Financial Crisis Before It Happened.
Money Making Blind Spot. One of the most disturbing elements of the current financial crisis is that so few people saw it coming. This is especially true of people who spend their entire lives studying economics and financial markets.
This is why a statement, such as the one by the former Chairman of the Federal Reserve, Alan Greenspan, is such an astonishing admission. In testimony before the House Oversight Committee in October 2008, Greenspan admitted that that he was shocked at the economic crisis. He never saw it coming, Read more
Sphere: Related ContentTags: economics, economists. Alan Greenspan, finance, financial crisis, make money, make money insight, making money, money making, Niall Ferguson, Robert J. Samuelson
Money Making Secret: Napoleon Hill’s Dirty Little Trick In Think And Grow Rich
A money making secret is the primary topic of Think and Grow Rich, by Napoleon Hill.
Think And Grow Rich is probably the most influential self-help book of all time. Many extremely wealthy people claim that this book was the catalyst for their success.
In his book, Napoleon Hill claims that one secret about making money is what separates the successful from the struggling.
This is what he claims in the Preface of the book. The book reveals “the money-making secret that has created fortunes for hundreds of exceedingly wealthy men.”
But what does Hill do with this money-making secret? Does he reveal it directly? Read more
Sphere: Related ContentTags: how to make money, make money, making money, money making, money making secret, Napoleon Hill, Think and Grow Rich
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