more "international commitment" needed

Michael Sherman, co-CEO Goldman Sachs Europe... What? What's your problem? I *EARNED* my 8 figure bonus.

UPDATED with more in your face Wall Street action-packed stuffing-your-money into their silk-lined-pockets juicy goodness....

JP Morgan staff in line for bumper bonuses after posting 'blowaway' profits

U.S investment bank JP Morgan is set to reward its staff with huge bonuses after it announced 'blowaway' profits for the last quarter of the year.

The bank posted profits of $3.6 billion (£2.25 billion), putting its employees on course for pay and bonus packages averaging around £300,000 this year.

The profits were much stronger than expected with the bank's 4,000 London-based employees leading its recovery from the depths of the financial crisis.

So far this year JP Morgan's investment banking staff have generated profits of almost $5 billion (£2.1 billion).

The generous payouts will come as a shock to those who thought that the credit crunch had put paid to the era of bumper City bonuses.

read more @ daily mail


Geithner aides made millions on Wall Street

Obama administration officials now working on fixing and regulating the financial system were beneficiaries of several million dollars in pay from Wall Street and private equity companies, it has been revealed.

Financial disclosure forms show that prior to joining the government, Gene Sperling, a senior Treasury adviser, was paid $887,727 by Goldman Sachs and $158,000 for speeches to companies that included Stanford Group, the company run by Sir Allen Stanford, who has since been charged with fraud.

more @ financial times registration required

http://tinyurl.com/yjhtvbs

But WAIT! CNN reports a problem! BUT IT'S NOT *THEIR* PROBLEM.

More than 1 billion going hungry, UN says

(CNN) -- The global economic crisis has caused a spike in world hunger that has left more than a billion undernourished, United Nations agencies said in a new report.

"It is unacceptable in the 21st century that almost one in six of the world's population is now going hungry," said Josette Sheeran, executive director of the World Food Programme.

"At a time when there are more hungry people in the world than ever before, there is less food aid than we have seen in living memory."

The report by the WFP and the Food and Agriculture Organization was released Wednesday, ahead of World Food Day on Friday.

Nearly all the world's undernourished live in developing countries, according to the report.

An estimated 642 million people are suffering from chronic hunger in Asia and the Pacific. An additional 265 million live in sub-Saharan Africa while 95 million come from Latin America, the Caribbean, the Near East and North Africa. The final 15 million live in developed nations. Should developed economies be doing more to eradicate hunger, poverty?

The number of hungry spiked as the global economic crisis took hold and governments pumped [YOUR TAX DOLLARS] resources into stabilizing financial markets. [BANKERS' POCKETS!!!!] The move meant smaller investments in agriculture and food distribution.

"World leaders have reacted forcefully to the financial and economic crisis, and succeeded in mobilizing billions of dollars in a short time period. The same strong action is needed now to combat hunger and poverty," said Jacques Diouf, director-general of the FAO.

"The rising number of hungry people is intolerable."

The report calls for greater investment in agriculture to tackle long and short-term hunger by making farmers productive and more resilient to crises.

"We know what is needed to meet urgent hunger needs -- we just need the resources and the international commitment to do the job," Sheeran said.

http://www.cnn.com/2009/HEALTH/10/15/un.world.hunger/