American Banks rejected the advice of their British counterparts to reduce high-level bonus payouts at secret talks held between the parties in London last year.
American Banks rejected the advice of their British counterparts to reduce high-level bonus payouts at secret talks held between the parties in London last year. "America's top bankers quashed attempts by their British counterparts to persuade the industry to bring down salaries in response to public outrage after the world's governments spent billions rescuing the system. Chief executives from the world's banks discussed the plans at a secret dinner held at Claridge's, the London hotel, last October, at which several leading British bankers are said to have suggested that the sector should take greater responsibility for its part in the crash, and do more to reduce the vast bonuses paid to staff. But the recommendations were met by stiff opposition from the US banks JP Morgan, Morgan Stanley and Goldman Sachs, according to one source. 'Some of the US bankers were furious about attempts to reduce pay throughout the industry, arguing that any such move smacked of socialism and would be fiercely resisted,' the source said on Friday. 'It's not the way the Americans like to go about their business.'" The bankers meet twice a year for industry talks. But following the public's growing anger at high-level bonuses despite government bail-outs, salaries were at the top of the agenda at the meeting. The source said: 'There were several bankers present who believe that if the industry worked together to agree that pay levels – and bonuses – should come down it would work in the interests of all, because it would cut back overall costs at such a sensitive time. Oddly enough, even the top bankers don't like paying out so much.'"
Upstreamism advocate Rishi Manchanda calls us to understand health not as a "personal responsibility" but a "common good."
- Upstreamism tasks health care professionals to combat unhealthy social and cultural influences that exist outside — or upstream — of medical facilities.
- Patients from low-income neighborhoods are most at risk of negative health impacts.
- Thankfully, health care professionals are not alone. Upstreamism is increasingly part of our cultural consciousness.
The real Game of Thrones might be who best leverages the hit HBO show to shape political narratives.
- Sen. Elizabeth Warren argues that Game of Thrones is primarily about women in her review of the wildly popular HBO show.
- Warren also touches on other parallels between the show and our modern world, such as inequality, political favoritism of the elite, and the dire impact of different leadership styles on the lives of the people.
- Her review serves as another example of using Game of Thrones as a political analogy and a tool for framing political narratives.
A new study shows that some men's reaction to sex is not what you'd expect, resulting in a condition previously observed in women.
- Climate change is no longer a financial problem, just a political one.
- Mitigating climate change by decarbonizing our economy would add trillions of dollars in new investments.
- Public attitudes toward climate change have shifted steadily in favor of action. Now it's up to elected leaders.
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