Goldman Sachs will divide $3.8 billion among 35,400 employees in the third quarter, a pay pool reduced significantly from the period a year earlier, The Financial Times reported. The cuts result from a slump in the bank’s profit as a result of a slowdown in trading, as well as the fact that Goldman is now [...]
Republicans and their allies in business are howling that a Democratic charge that “secret foreign money” is fueling GOP campaigns is a dog that just won’t hunt. Now the U.S. Chamber of Commerce is helping conservative Blue Dog Democrats in a bid to prove it is bipartisan after all. The powerful business lobby quietly began [...]
By PETER LATTMAN With his square jaw, flat-top crew cut and steely gaze, B.J. Kang, an F.B.I. special agent, looks as though he just stepped out of central casting. On Wednesday, Mr. Kang played the starring role in an important pretrial hearing in the insider-trading case against Raj Rajaratnam, left, who ran the hedge fund [...]
Democrats had high hopes in seeing the last of GOP political strategist Karl Rove when he left the Bush White House in 2007, but Rove is back in the thick of things in this midterm election year “playing a leading role in building what amounts to a shadow Republican Party,” according to the New York [...]
Federal workers would be required to spend two weeks away from the office without pay next fiscal year, under proposed legislation aimed at trimming government costs. And the bill drafted by Rep. Mike Coffman (R-Colo.) has a twist: it would also force a ten percent pay cut for lawmakers, according to The Washington Post. Under [...]
Kristi Noem, the Republican nominee challenging incumbent Rep. Stephanie Herseth Sandlin for South Dakota’s only House seat, is under fire after local news reporters unearthed her lengthy record of driving violations. Noem, 38, is widely considered to be one of the GOP’s strongest candidates this year. She was recently featured in a front page Washington [...]
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