JP Morgan to pay $29 bn in salaries and bonuses: Report (Hallelujah!)

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Irate Nation

"When a government betrays the people by amassing too much power and becoming tyrannical, the people have NO CHOICE but to exercise their original right of self defense- to fight the government"
Alexander Hamilton

http://newsbusters.org/blogs/lachlan...ine-14m-salary

Katie Couric Gets Some of Her Own Class Warfare Medicine for $14m Salary




Katie Couric may be getting a taste of her own populist medicine. When the Dow hit 10,000 last October, she (and other network news personalities) used the opportunity to bemoan massive payments to Wall Street bankers. But now the populist sentiment has turned on her. She faces dramatic pay cuts as CBS News downsizes.

Couric, shown in a, er, file photo at right, "makes enough to pay 200 news reporters $75,000 a year! It's complete insanity," one CBS News insider told the Drudge Report. "We report with great enthusiasm how much bankers are making, how it is out of step with reality during a recession. Well look at Katie!"

The employee was referring to Couric's roughly $14 million annual salary, the highest in network news. That salary may be cut dramatically in the face of massive layoffs at CBS News branches in Washington, San Francisco, Miami, London, Los Angeles and Moscow.

CBS News has been one of the most outspoken networks against massive Wall Street bonuses and executive payments. The "Early Show" hosted economist Peter Morici late last year to whine that "it's absolutely unfair for Wall Street to be paying itself record bonuses. The taxpayers made these bonuses possible by loaning Wall Street money at near zero rates. This is all quite unseemly and inappropriate."

Couric herself has also been critical on occasion. She said last year, "Pick up today's Wall Street Journal and you'll read banks and securities firms are on track to pay their employees record amounts this year. And, you pick up The New York Times and you'll see some workers are being forced to take huge pay cuts."

Days later, she recounted on Evening News that "Taxpayers all over the country were outraged when they heard that companies they helped bail out turned around and gave their executives huge bonuses."

Couric probably would have been better off staying away from criticisms of executive bonuses. Her $300,000 per week salary was sure to raise eyebrows in the event of layoffs.

Maybe as a rule of thumb, multi-millionaires should just avoid inciting class warfare, for their own sake if no one else's.

Read more: http://newsbusters.org/blogs/lachlan...#ixzz0eWa9dSEi

These Jackals will surely want to talk about the virtues of Americana and our founding fathers. Right after CBS News goes off of the air for good.

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Poor Katie...Not!

Meanwhile in reality:

I have one friend who lost her job.

Another who is losing their home.

Another filing BK

Another forced into early retirement.

Two others looking for a job but cannot find one.

Does nys stand for New York State? I would then guess that it is indeed tough up there. It hasn't gotten that bad down here yet, but (again) we are still dependent on the rest of the country to a large extent. We expect to really start to feel it soon. Right now, our businesses are just off.

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yep, in ny state. Not new york city which is about as useless as DC.

Well, I don't know. The muslims seem to have an affinity for NYC. They sure seem to like it.

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Lots of converted Muslims in D.C. too. Last time I was there on tour, it seemed like every 50 feet I was back in Saudi Arabia. Gave me the willies being there for the week our show was on. Thank goodness we were staying in Virginia and only traveling in for the shows. I would have totally wigged out if I had to stay there.

(FYI: The FBI transmits on High Squeal every evening around 8pm. Plays hell with wireless microphones. )

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The world was here first, it owes you nothing. Count yourself fortunate if you get all you've earned. Count yourself a thief if you get what others have earned. Count yourself a parasite if you believe you're entitled to it.-Mark Twain