Wouldn't It Be Cool If US CEOs Were Like This

via videosift.com
3 minutes

Waiting in line to buy lunch is a bit much. His time is still worth maybe ~1 million USD a year in terms of the productivity he brings to the economy, even if he declines the paycheck.

Obviously he disagrees. His behavior says that he knows he's no more valuable than his other employees, that without them his company couldn't function, but without him, it'd probably get on just fine. And that is something that US CEO's refuse to accept.



What is disgusting, is when CEOs continue to ramp up their pay while slashing jobs and wages all over a company. They continue to give themselves pay rises, and those of their close lackeys, but make life horrible for those in the lower rungs of the company. THAT is not right. If the company is falling on hard times, it is usually to do with poor leadership, so there is no justifiable reason why they should be getting more money.

Perhaps slashing his salary to such a low level that he is starting to have financial issues himself isn't the best idea, as it may divert his attention from his job of getting the company back on track, but not giving himself pay rises is indeed the right move.

Fabled Enemies - Full Movie

1 hour 42 minutes


The trailer was posted August 11, 2008

Bush Bums A Cup of Coffee - He's Broke Too - Paulson Gets The Bill

2 minutes

The video speaks for itself.
Citibank, here's a bag of money.
Who else wants a bag of money.
We've got plenty of bags of money just lying around.

Look at Paulson's face. Something is going on that the people are not being told about.

Now if the lastest news is to be believed - this is what Citibank are now doing.

According to a “Notice of Change in Terms and Right to Opt Out,” set in hard-to-read, tightly spaced mouse type that Citibank mailed out last week:

All of your APRs may increase if you default under the Card Agreeement that you have with us because you fail to make a payment to us when due (even though we may have waived the late fee), you exceed your credit line, or you make a payment to us that is not honored.

In these circumstances, we may automatically increase your APRs (including any promotional APRs) on all balances to the Default APR, which equals the Prime Rate plus up to 23.99% or up to 29.00%, whichever is greater.

Twenty-nine percent? Twenty-nine percent!! Do the math (which you can do with the interest rate calculators at Bankrate.com.) At that rate, if you were $5,000 in the hole and gave the collectors at Citibank or any credit card company $128 a month to pay down the loan, it would take you ten years and cost you over $15,000 clear your debt.

Obama's Weekly Address - The Economy

4 minutes
Nov 22nd 2008

Transcript

Kennedy said there should be no secrets.

I have just finished watching the movie 13 Days on TV.
It is about Kennedy and Krushchev as they battled and manipulated over Cuba in 1962.
They brought the world to the brink of war.
Krushchev blinked and Kennedy won.

Kennedy also said that there should be no secrets. (video)
Its a pity that George Bush does not listen to Kennedy.


2 minutes

Bush is snubbed at the G-20 meeting

1 minute

CNN's Rick Sanchez Reports on Bush being ignored at G20 Summit - Funny, and deserved.

What if Obama chooses Hillary for Secretary of State

Jonathan Freedland on the pros and cons of Hillary Clinton becoming US secretary of state

3 minute video - This is from the UK.
I cannot seem to embed this video.
The rumours are running wild that Hillary [Clinton]
will be Secretary of State.
Obama has not made his decision yet.
At least he has NOT announced it.
We need to STOP second guessing his decisions.