by Jason Apollo Voss | 16 12 2009 | Blog
France’s Finance Minister announced today that the country will tax bonuses awarded to bank employees 50% in 2010. The bonus tax will only be applied to bonuses greater than 27,500 Euros. I strongly advocate a change in executive compensation, not just in the...
by Jason Apollo Voss | 15 12 2009 | Blog
The Wall Street Journal reports this morning about analysis it has conducted regarding the massive disparity in executive pay packages vs. those of regular employees. Specifically the WSJ analysis focused on the guaranteed nature of executive pay packages relative to...
by Jason Apollo Voss | 15 12 2009 | Blog
The news has been full of stories about the major U.S. banks paying back their TARP funds. So far all 9 of the massive institutions that have entered negotiations with the U.S. to exit the bailout program. However, over 700 institutions received bailout funds....
by Jason Apollo Voss | 11 12 2009 | Best of the Blog, Blog
Another Friday, another retail sales report, and another exaggeration from the Wall Street Journal. Beware the adjectives. Here are the facts about retail sales for the month of November… The Commerce Department reported that U.S. retail sales were up 1.3% in...
by Jason Apollo Voss | 11 12 2009 | Blog
Yesterday saw one of the strangest events of recent memory: U.S. President Barack Obama accepting the Nobel Peace Prize while simultaneously upping the pressure in the war in Afghanistan. Tell me that’s not weird. And I really like B.O. – the President....
by Jason Apollo Voss | 10 12 2009 | Blog
Yesterday Japan revised its third quarter GDP down to 1.3% growth. Previously growth had been pegged at 4.8%. That is a reduction of 72.9%! Clearly that is a gigantic revision. So what does it all mean? To me this suggests that the worldwide economic recovery is still...
