#finance
Bonuses for Bankers, Bills for the Rest of Us
#finance
Bonuses for Bankers, Bills for the Rest of Us
Politicians love to lecture the rest of us about making sacrifices while bankers are out there cashing in bonuses big enough to make you question reality. These are the same bankers who, not too long ago, nearly wrecked the global economy and had to be bailed out with taxpayer money. And what do they get in return? A fat bonus, of course, for doing such a stellar job of not sinking the system again this year. It’s like rewarding someone for not setting fire to your house after they just got out of rehab for arson. Meanwhile, the rest of us are trying to figure out how to afford rent, but hey, at least the bankers' yachts are looking good.
Global Markets Plummet as Trump's Tariffs Spark Fears of Worldwide Recession
- Monday, 07 April 2025
Global financial markets plunged on Monday following US President Donald Trump’s tariffs on imports, sparking fears of a worldwide recession. The Nikkei 225 index in Japan fell 7.8%, while Hong Kong shares plummeted more than 13% in their worst day since the 1997 Asian financial crisis. Other major indexes also suffered significant losses, including Singapore's benchmark index, which dropped 6.8%, South Korea's Kospi, which lost 4.4%, and Australia's S&P/ASX 200, which fell more than six%. European stock futures also pointed to further losses, with Trump refusing to lift the tariffs unless foreign governments pay "a lot of money".
