When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
Turns out the total bonuses paid to AIG were $454 million last year, or 4 times higher than previously reported. How do we know this? Because Congressman Elija Cummings asked them a direct question. See, nobody asked them this precise question before, so they didn't think anyone really wanted to know.
From Politico:
In other news, AIG lost another $5 billion in the first three months of the year.
I suppose that's better than losing $10 billion. Another round of bonuses for everyone!
--d.f.
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