#236 church pastor paid 500K per year?

Fancy that..I read that New Creation Church pays her leaders — pastor, Joseph Prince — an annual sum of 500K and 2 others for sums of 100K each for work done in the church!
Mind you, when the pastor marries a couple in church, he gets an angpaw; at funeral wakes he is given an offering [...]

#235 hedgefunds & derivatives

I read about hedgefunds and derivatives needing more regulations on US news.
However I do recall in February of 1995, the Barings Bank founded in 1762 in Britain was bankrupted by a rogue trader who was then posted to Singapore to manage its securities arm of the bank. He speculated on some derivatives contracts that left a $1.4 billion [...]

#234 thot-provoking

I read this piece on blog ‘a baseline scenario’ written by Sanjiv Gupta for Huffington Post (?) dated on 10 March 2009 under the title — The Change We Need I: A Bank for America — :
 …Rather, I want to use the crisis in our financial system to pose a fundamental question about our political system.
Consider: [...]

#233 bonuses for inept executives?

Well, well, well – the management of AIG is using bailout money to give bonuses to executives who almost brought the company to brink of collapse.
The rationale: if the management did not, then the company would have difficulty in hiring talented people in future!
How irrational this can be? Giving bonuses to those executives who [...]

#232

This global economic and financial crises foil those who want to retire.
Perhaps the recession is positive phenomenon though harsh and tough this might be.
There was the anxiety that there might not be enough hands to feed the mouths of the elderly baby boomers should this generation retire from the workforce.
Idling with nothing to [...]

#231

Since Barak Obama became the first black president in the US, interestingly the color black and people are featured more in news and magazines in the US and elsewhere.
The blacks seem to hold their heads high and unafraid of the word ‘black’. In the past, this word was derogatory and offensive but today, there was [...]