Opinions - Friday, 17 July 2009

The Joy of Sachs

(The New York Times - U.S.)

by Paul Krugman

The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits -- and it's preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us?(...)

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