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Two things to prompt impotent anger

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Oct. 19th, 2008 | 12:04 pm

Not sufficiently cross thing morning? Try a proposal to require a passport to buy a mobile phone and perhaps stock up on SIM cards down the market.
Everyone who buys a mobile telephone will be forced to register their identity on a national database under government plans to extend massively the powers of state surveillance...

...The move aims to close a loophole in plans being drawn up by GCHQ, the government’s eavesdropping centre in Cheltenham, to create a huge database to monitor and store the internet browsing habits, e-mail and telephone records of everyone in Britain.

The “Big Brother” database would have limited value to police and MI5 if it did not store details of the ownership of more than half the mobile phones in the country.
There is logic there, it's just the premise I have trouble with. Or, perhaps, some North American news (though of course it's a global industry, and I'm sure equivalent bankers here have their ways of remaining grotesquely rich):
Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.

Staff at six banks including Goldman Sachs and Citigroup are in line to pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted criticism. The government's cash has been poured in on the condition that excessive executive pay would be curbed.
Over 10%. I like the comment from a "source" which I assume was meant to somehow justify the bonus system:
"For a normal person the salaries are very high and the bonuses seem even higher. But in this world you get a top bonus for top performance, a medium bonus for mediocre performance and a much smaller bonus if you don't do so well."
So, if you do really well you are paid an utterly ridiculous amount of money; if you just do your job you merely end up with an enormous amount, and if you completely fuck everything up you may only end up being paid a large amount. Well that makes it all right then, I understand how they deserve it all now.

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Comments {3}

Big Brother

from: anonymous
date: Oct. 19th, 2008 10:21 pm (UTC)
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Everyone who has ever bought a TV over the last 20 plus years has had their address put in a national database. Practically everyone has a TV so I guess they already pretty much have what they want.

Next it will be a microchip implanted at birth.

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Madeleine

(no subject)

from: madeleine
date: Oct. 20th, 2008 12:37 pm (UTC)
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You seem to have a good grasp of the American system. Basically it can be condensed down to "Every man for himself and screw anyone in your way."

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American system

from: anonymous
date: Oct. 20th, 2008 03:37 pm (UTC)
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Surely that's a definition of the free market economy too!

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