No Bonus For You - Morning NewsBrett Singer
What does this mean? Well, Goldman Sachs announced that 30 of their top executives will get stock rather than cash this year. (L.A. Times) And French President Nicolas Sarkozy is planning to follow the lead of the United Kingdom by imposing a big ol’ stinky tax on bonuses, according to Bloomberg News. “We can only tax them if we tax them both sides of the Channel,” Sarkozy said, all but insuring that the New York Post will once again refer to France as part of the Axis of Weasel. Or will they? There is much populist anger over huge bonuses on both sides of the political spectrum these days. Maybe President Obama has changed some things already.
Scary story from New York. Police shot and killed 25-year-old Raymond Martinez in Times Square. If this were the 1970’s, it wouldn’t be as scary, because in the 1970’s Times Square wasn’t filled with tourists all the time the way it was yesterday at noon when the gunplay occurred. According to published reports, Martinez and his brother “were trying to dupe tourists into buying CDs near Broadway and 44th Street,” which sounds a little odd — how do you “dupe” people into buying CDs? Anyway, according to police commissioner Ray Kelly, a plainclothes police officer asked the pair for their tax ID, at which point Martinez ran into the passenger drop-off area at the Marriott Marquis hotel. He fired two shots from an automatic weapon, a Mac-10 9mm, when his gun jammed. Then the plainclothes officer, Sergeant Christopher Newsom, shot Martinez four times and killed him. This all happened at lunchtime in Times Square in front of a busy hotel, which means there must have been tourists everywhere, none of whom were hurt. (Guardian) Here’s a video report from the A.P.
On to international news, 40 protesters were detained in Copenhagen. They were protesting at the climate change talks, chanting “Mind your business, this is our climate!” (AP)
Speaking of climate change, you know how a lot of people in the GOP Conservative Hive Mind got all lathered up over the stolen emails that they say “prove” that global warming is nothing more than a hoax perpetuated by evil people like Al Gore? Thomas L. Friedman had a great Op-Ed piece in the New York Times this week where he uses the same logic that Dick Cheney used to justify the War on Terror — the one percent solution. Cheney said, “If there’s a 1% chance that Pakistani scientists are helping Al Qaeda build or develop a nuclear weapon, we have to treat it as a certainty in terms of our response.” In Going Cheney on Climate, Friedman says that we should apply the same logic to man-made global warming, pointing out that there is a far greater than one percent chance that the scientists, not the ones who sent the Climategate emails, but many others, are correct. Good stuff, worth a read. (New York Times)
And finally, video game sales fell in November. (TG Daily) Clearly you need to do your part and go to Toys R Us and buy a Wii. If you do you will get a free Wii game. Really, you will. It’s your patriotic duty. Dick Cheney said so.