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BDBlue's picture

Paying People Less for More Work = "Reform"


Being a survivor graduate of a big law firm, a link Yves Smith posted today caught my eye, "‘Medieval’ U.S. Law Firm Pay Structure Buckles". Apparently, it was medieval for law firms to pay every associate in the same class the same salary.* You know, like seniority pay among unions is "medieval." It's much better to pay associates on "merit." Now, what's "merit," you ask?

Associates are evaluated based on how many hours they bill, feedback from partners and client satisfaction

Read below the fold...

Andrew Cuomo: Of 73 AIG Million Dollar (or more) Bonus Babies, 11 have left AIG. Retention?

Well, so much for retaining them.

As reported in the NYTimes,

Seventy-three employees were paid more than $1 million in the latest bonuses at the insurance giant American International Group, according to the New York attorney general, Andrew M. Cuomo.


“A.I.G. made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout,” Mr. Cuomo wrote in the letter. “Something is deeply wrong with this outcome.”

Read below the fold...

Quiz: How Progressive Are You? For the fun of it, let's see how Correntians come out

This was kind of fun: a quiz on How Progressive Are You, via Teddy Partridge at Firedoglake.

It's not the most nuanced set of questions, so I kinda pulled some punches toward the end--regret that now.

Have at it, DFHs, and please share your results.! Read below the fold...

DCblogger's picture

Action Alert: Health Care House parties

Action Alert: “Sick Around America”

We urge you to reach out to your community and host Sick Around America watching parties on and after March 31st.

Sick Around America, a compelling and timely documentary exposing the serious consequences of getting sick in the United States, will premiere on PBS on March 31st. It is the sequel to the highly acclaimed Frontline documentary, Sick Around the World.

Read below the fold...
geneo's picture

This is Just To Say . . .


That my heart leaped into my mouth when I discovered this.

I'm still recovering from the emotional high. And I have a one-track mind.

Love this flourish.

Thanks a million! Read below the fold...

So do we get an IRS deductions for our 401(k)s and our houses?

Since we got screwed by the banksters for trillions? Or do only Madoff's victims get deductions, because they're so Uber?

Just asking. Read below the fold...

Big Surprise - Cuomo issues subpoena to AIG

AIG didn't comply and Andrew Cuomo issued subpoenas, and now we wait for the next round in this game.

Via The Consumerist and The Business Review Read below the fold...

geneo's picture

State Officials Sold PACT to Bankers

Countrycat demolishes the notion that Alabamians who paid into PACT were just stupid investors.

One more video from that meeting last Thursday. In this one, we see a banker telling how the banking community was sold on this program and encouraged to market it to their customers. You know, back when people had a lot more trust in their bankers. Read below the fold...

geneo's picture

Alabama PACT - Nine Money Managers

Havealittletalk strikes again, this time with a valiant attempt to piece together a few fragments of information about who is managing the money for the Alabama college saving program. You really want to read this one.

The trail of breadcrumbs starts with an update to the FAQ on the Alabama PACT website on March 13, the day after that public hearing we've been writing about. Read below the fold...

News flash: Cheney not undead


[MARY MATALIN] "There's no living human being with more experience at every level of government than the vice president."

Making a lot of assumptions there, Mary, wouldn't you say?

I mean, so what if Cheney shot an old man in the face. That doesn't prove he's human, does it? Read below the fold...

An actual reason to visit D.C.

DCblogger's picture

Is Mark Warner really a fiscal conservative?

It seems that Mark Warner has come out against single payer. Virginia blogger martinlomasney quotes from a statement from the Senator:

Although I do not support a government-run single-payer health care system, [emphasis added] I believe we need comprehensive reform to achieve a competitive, cost-effective, and efficient system.

Read below the fold...
connecticut man1's picture

Bush No Longer Enjoys Diplomatic Immunity

That is a fact. Now, you may ask "why is this important?"

Leading up to a 2004 visit to Vancouver, Canada, lawyers there sought to have him charged for his criminal behavior resulting in a court decision that reflected the Canadian Attorney General's view that Bush could not be brought up on torture charges at that time because he had diplomatic immunity:

“These charges were properly laid and backed up by powerful evidence. The government didn’t deny that evidence because it couldn’t deny it. Diplomatic immunity is purely procedural. It doesn’t affect the validity of the charges, only whether they can be proceeded with, for the time being, in a foreign court, in this case a Canadian court. Even if Bush has immunity, it’s only temporary and it won’t shield him or anyone in his administration from Canadian law, or any other law, when they leave office. That the Canadian government would try to hush this up by hiding Bush behind diplomatic immunity was only to be expected. Paul Martin invited Bush here to ingratiate himself with the President, despite the President’s crimes against our laws and against international law, despite even his inadmissibility as a war criminal under Canada’s immigration laws – above all, despite the unending human disaster the President’s ‘war of choice’ has brought to the people of Iraq.”

Cut back to 2009, as Bush makes plans to deliver a speech in Calgary, Canada, and this time? Read below the fold...

Bailed out banksters turn around and raise our credit card fees

It's all about the fees, baby!

Wells Fargo (WFC) [$25 billion in bailout money] has increased late fees and cash-advance fees. Chase (JPM) [$25 billion in bailout money] has put a $120 yearly fee on some cards with low interest rates....

Higher fees "are a recognition of risk going up," says Robert Hammer, chairman of industry consultant R.K. Hammer. Banks "are not going to watch their costs go up and take no action," he says.

Read below the fold...

Oh, great. A billion more cars

Can't blame 'em, but....

Chinese government has detailed a stimulus plan to encourage farmers to buy automobiles, which may bring an auto sales surge in rural areas, experts said Sunday.

Yay! Read below the fold...


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