From: [email protected] [mailto:[email protected]] On Behalf Of CLG_News Sent: Wednesday, October 21, 2009 8:41 PM To: CLG News Subject: Public must learn to 'tolerate the inequality' of bonuses, says Goldman Sachs vice-chairman
News Updates from Citizens For Legitimate Government 21 Oct 2009 <http://www.legitgov.org> http://www.legitgov.org All links are here: <http://www.legitgov.org/#breaking_news> http://www.legitgov.org/#breaking_news Public must learn to 'tolerate the inequality' of bonuses, says <http://www.guardian.co.uk/business/2009/oct/21/executive-pay-bonuses-goldma nsachs> Goldman Sachs vice-chairman --Goldman Sachs is currently on track to pay the biggest ever bonuses to its 31,700 employees after raking in profits at a rate of $35m (£21m) a day. 21 Oct 2009 One of the City's leading figures has suggested that inequality created by bankers' huge salaries is a price worth paying for greater prosperity. In remarks that will fuel the row around excessive pay, Lord Griffiths, vice-chairman of Goldman Sachs International and a former adviser to Margaret Thatcher, said banks should not be ashamed of rewarding their staff. Speaking to an audience at St Paul's Cathedral in London about morality in the marketplace last night, Griffiths said the British public should "tolerate the inequality as a way to achieve greater prosperity for all". [Tolerate *this <http://www.legitgov.org/essay_southwell_arming_the_left_is_the_time_now_102 203.html> .*] US lawmaker in 'seclusion' with swine flu <http://www.google.com/hostednews/afp/article/ALeqM5jjENEeFxw9BG2W6kR4EuN85r -oDw> 21 Oct 2009 Republican Representative Greg Walden announced Tuesday he "likely" had swine flu, in the first known instance of a US lawmaker thought to have contracted the A(H1N1) virus. "Just diagnosed with likely H1N1. Ugh. Off to seclusion for awhile," Walden, whose home state is Oregon, said on the micro-blogging site Twitter in a message his office confirmed was authentic. Mass. <http://www.nytimes.com/2009/10/22/us/22terror.html> Man Arrested in Terrorism Case 22 Oct 2009 A man living in suburban Boston was arrested on Wednesday on federal terrorism charges of conspiring to attack people at a shopping mall in the United States and two members of the executive branch of the federal government. The man, Tarek Mehanna, 27, was charged with conspiracy to provide material support to terrorists. The conspiracy occurred from 2001 to 2008, said the acting United States attorney, Michael K. Loucks, at a news conference here Wednesday. Mr. Loucks said Mr. Mehanna had conspired with others and had "multiple conversations" to carry out attacks in and outside of the United States. Those who wish to be added to the list can go here: <http://www.legitgov.org/#subscribe_clg> http://www.legitgov.org/#subscribe_clg and add your name. 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