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...bonus pool is so high because it sets aside half its profits for compensation (which includes salaries and benefits as well as bonuses.) Other firms have similar formulas. Well, excuse me. This isn't a normal time or a normal year. Just because you've done something in the past doesn't mean you have...
...heaven's sake, don't put your faith in Wall Street. Never, ever. Left to its own devices, the Street will go to excess, as we've seen from two bubbles (tech stocks and houses) that have burst within the past decade and two more that are in the process of popping: commercial real estate and leveraged buyouts. Even though there are plenty of decent people on Wall Street, the Street's primary interest is its own well-being, not yours. Don't forget that. You'd better take care of yourself, because there's no one else...
...question begs to be asked: If Wali Karzai was in fact so valuable an asset over the past eight years that his drug-running was at best treated with a "Don't ask, don't tell" policy, why has Afghanistan's situation steadily deteriorated? The Taliban, dismissed by Vice President Dick Cheney in 2002 as "out of business, permanently," is back in force. Part of that strength comes from a drug trade that has skyrocketed from 185 metric tons of heroin produced in 2001 to more than 6,000 metric tons this year, according to the U.N. Office on Drugs...
Hamid Karzai, of course, routinely dismisses the accusations against his brother, calling them Western plots to take down his presidency. He told TIME in a 2008 interview that "for the past five years, allegations have been there, but never have they come to me with proof. My brother can easily be accused to put pressure on me ... [He was accused of running drugs] precisely after I refused to allow aerial spraying of poppies." The Times' allegations, coming to light little more than a week before Afghans head to the polls for a runoff vote between Karzai and former Foreign Minister...
...past eight years, the brother of Afghan President Hamid Karzai has reportedly been on the CIA payroll. The brother has also long been accused of being one of Afghanistan's biggest narcotics dealers (he has vehemently denied both claims). According to the New York Times, the brother, Ahmed Wali Karzai, is a CIA source, providing bases for the CIA as well as the U.S. military and serving as a go-between with parts of the Taliban. If it sounds a lot like Vietnam when Vietnam started to really come apart, it is - President Diem's grotesquely corrupt brother...