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Golden parachutes

I’ve been interested to hear about the provisions of the big bailout that the USA is giving to the big banks that have been having so much trouble recently.  What has interested me the most was the provisions capping executive salaries and golden parachutes.  For decades now I have felt that the salary of all top executives of all big corporations (and their golden parachutes) have been obscenely outrageously high.

I know the “argument” is that the companies need to pay their top executives that much money to attract and keep them running the companies, and all I have to say about that is “hogwash.”  That comment is an insult to the American consumer’s intelligence.  Their high salaries are sim[ply outrageous, period.

China’s struggles with scandals

I was just reading on the time.com website that China’s Premier, Wen Jiabao has “apologized” for the most recent scandal to hit China - the poisoned milk scandal. The article goes on to list other scandals that have been plaguing China and asks the question “Is sorry enough?” The article seems to imply that although China is apologizing, nothing is really going to change. I sure hope that is not the case! China needs to step up to the plate and fix their problems if they expect to be doing business with the rest of the world!

Lipstick on pigs

I understand that there was a big uproar recently over a comment that Barack Obama made about how you can put lipstick on a pig, but it’s still a pig.  Some people think that he was calling Sarah Palin a pig!  I don’t think that at all!  I get so upset about how (during election years) everything one candidate says is scrutinized and turned around!  Seemed to me just an adage like ”you can call a rose by any other name, it is still a rose.”  Perhaps that is what Barack Obama SHOULD have said!  Hey Barack Obama, you should hire me as a consultant to your speeches!  Maybe I could keep you out of some hot water!

Conflict between Russia and Georgia

I was surprised to hear that Russia and Georgia seem to be at war with each other.  I’m a little confused over the entire thing, I don’t understand the reason for the conflict.  I just heard that they are fighting with tanks and bombs and I don’t understand it at all.  I hope to gain better understanding of it soon.   Why can’t people get along?????

California to lay off state employees?

I was hearing that Arnold Schwarzenegger has signed an order to lay off 22,000 California state employees, and cut the pay of 200,000 more to minimum wage.  That is quite an action!  I was reading on the LATimes.com website that this is just a temporary measure until the state government approves a budget for the coming year.  It’s unfortunate that he had to take such an action!  Maybe that will motivate them to get it approved!