Feature

The bottom line

Global financial crisis swells ranks of unemployed; Employee bonuses vs. shareholder losses; Slowdown hits art market; Salaries for environment-related jobs climb; Wall Street firms increase lobbying budgets

The global financial crisis will add at least 20 million people to the world’s unemployed, bringing the total to 210 million by the end of next year, the International Labor Organization, a U.N. agency, estimated.
Associated Press

In 2007, Wall Street’s five biggest firms—Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley—paid out $39 billion in employee bonuses. Their shareholders lost $74 billion over the same period.
ABCnews.com

The financial slowdown has hit the art market. The most recent auctions of contemporary art at Sotheby’s and Christie’s brought in $93.4 million, well below pre-sale estimates of $204 million.
The Wall Street Journal

Help-wanted postings for environment-related jobs paying more than $100,000 annually climbed 25 percent this year, according to TheLadders.com, a job-search site.
Forbes

They may be cutting back on parties and perks, but big Wall Street firms aren’t slashing their lobbying budgets. Merrill Lynch, Morgan Stanley, and Wells Fargo all increased payments to lobbying firms in the third quarter.
The Wall Street Journal

Recommended

Sri Lanka defaults on its debt for the 1st time
Central Bank of Sri Lanka.
the hits keep comin'

Sri Lanka defaults on its debt for the 1st time

Biden cheers Finland and Sweden's 'momentous' NATO applications
Biden, Niinisto, Andersson
right this way

Biden cheers Finland and Sweden's 'momentous' NATO applications

The Sri Lankan fuel crisis, explained
Sri Lanka unrest.
Briefing

The Sri Lankan fuel crisis, explained

Russian state TV military analyst backpedals criticism of Ukraine invasion
Mikhail Khodarenok
'the colonel has been reined back in'

Russian state TV military analyst backpedals criticism of Ukraine invasion

Most Popular

Letter from a demoralized Pennsylvania voter
PA candidates.
Opinion

Letter from a demoralized Pennsylvania voter

Chris Wallace to anchor show on CNN after CNN+ collapse
Chris Wallace
who's broadcasting Chris Wallace?

Chris Wallace to anchor show on CNN after CNN+ collapse

The most interesting loss in yesterday's primaries
Madison Cawthorn.
Briefing

The most interesting loss in yesterday's primaries