Some organizations have already converted salary increases to bonus payments. But quite a few are still procrastinating, perhaps with the hope that inflation will give them more of a chance to give larger pay increases that are based on performance.
When Mitt is releasing tax returns to change the subject, you just know he's in a bad place politically. It may still be way too early to confidently predict the outcome of the election, but it isn't too early to call Romney's campaign (so far) an unmitigated disaster.
Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.
In New York, the oldest and snobbiest financial ventures are called "white shoe" firms. Their arrogance, risky investments and confounding dealing in derivatives threw the rest of us into the Great Recession.