It is true that the very top bank executives make more in a year than most of us make in a lifetime, but compensation of this magnitude is rare. Most banks in this country are small businesses and pay employees modest salaries. The Bureau of Labor Statistics reports that the average annual salary of a bank employee was $49,540 in 2012, not much higher than the average annual across all occupations, $45,790.
Yet one group in banking stands out as highly paid—federal bank regulators. Before the Dodd-Frank Act, the average employee of a federal bank regulatory agency received 2.3 times the average compensation of a private banker. By 2013 this ratio increased to more than 2.7—and in some cases considerably more.
The average compensation at the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corp. (FDIC) and the Consumer Financial Protection Bureau (CFPB) exceeded $190,000 in 2012. The staff at the Federal Reserve is likely even better compensated, but the Fed refuses to release employee salaries.
You might think high-paying jobs at these agencies require special skills. Not so. At the OCC, secretaries make on average $79,182 per annum. Motor vehicle operators (the agency’s limo drivers) at the FDIC earn $82,130. Human resources management trainees at the CFPB make $110,759 a year.
Read the full story at the Wall Street Journal.
A furor over what the Topeka school district considers an honor has erupted after plans were announced for Obama to address a combined graduation ceremony for five area high schools next month an 8,000-seat arena. For some, it was the prospect of a tight limit on the number of seats allotted to each graduate.
For others, it was the notion that Obama’s speech, tied to the 60th anniversary of the U.S. Supreme Court’s decision in Brown v. Board of Education outlawing segregation in schools, would overshadow the student’s big day.
‘I’m a single mother who has raised him for 18 years by myself,’ said Tina Hernandez, parent of Topeka High School senior Dauby Knight. ‘I’ve told him education is the only way out. This is one of the biggest days of their lives. They’ve taken the glory and shine from the children and put on Mrs. Obama. She doesn’t know our kids.’
Hernandez was among the parents and students who spoke Thursday at a school board meeting and urged district officials to reconsider their decision to invite Obama. Ron Harbaugh, spokesman for the Topeka school district, said Friday discussions were under way to work out the logistics and planning for the event, including how many tickets each family would be allotted.
Read the full story at the London Daily Mail.
Kennedy cousin Michael Skakel, who was released from prison last year after he was granted a new trial in the 1975 slaying of a neighbor, has received approval to have a GPS tracking device temporarily relocated from his ankle while he attends his son’s ski competition.
During an earlier ski competition this month, Skakel was unable to accompany his son up the mountain with other parents because his ankle couldn’t fit in the ski boot with the bracelet, his attorneys said in court papers. As a result, they said he was required to hike up the mountain alone, which took two to three hours and induced an asthma attack.
Skakel received approval to have probation officials relocate the bracelet on his body later this month so he can ski alongside his son, who is competing in state championships at Lake Placid and high school championships.
Skakel, the 53-year-old nephew of Robert F. Kennedy’s widow, Ethel, had been in prison more than 11 years on a sentence of 20 years to life. A judge ruled in October that Skakel’s trial attorney failed to adequately represent him in 2002 when he was convicted in Martha Moxley’s bludgeoning with a golf club in wealthy Greenwich when they were both 15.
Read the full article at FoxNews.com.
You might be Elitist, White Trash if you have your ankle GPS locator custom made to fit your ski boots.
On Friday, a Louisiana Federal court said that Obama’s lawyers had given up on a claim demanding that education vouchers for each white, black and Latino kid be held up by federal authorities, on the grounds that school choice could change the racial composition of schools.
The DOJ’s new demand is that all vouchers be subject to 45-day legal review.
The change is a big win for Majority Leader Eric Cantor of Virginia and other high-powered House Republicans who have championed the school choice revolution in post-Katrina New Orleans.
GOP leaders are joining the fight partly because of their ideological support for school choice, but also to showcase support for American parents who are struggling to rescue their kids from failing, crime-ridden, autocratic, union-controlled, mandatory government-run schools.
Louisiana Gov. Bobby Jindal has fought Obama’s lawyers tooth-and-nail to protect the state’s Louisiana Scholarship program.
Read the full article at The Daily Caller.
A new deadly “game” called “Knockout” is crossing the nation, especially among black teenagers, in which they try to punch a randomly-selected person walking by on the street so hard with one blow that knocks them unconscious—but the results have sometime proven fatal.
In the New York area in particular, there also seems to be an anti-Semitic motivation to some of the attacks. One black teen, asked why the players savagely attack their victims, simply said, “For the fun of it.” Another added, “They just want to see if you got enough strength to knock somebody out.”
The attacks, also called “Knock Out King” or “happy slapping,” have occurred from Syracuse to New York City to New Jersey to St. Louis. The list of attacks is frightening, and that only includes the ones that have been made public.
Read the full article at Breitbart.com.
Sa far the Liberal Media has ignored these crimes because the perpetrators are almost always Black, and the victims almost always white, and thus it doesn’t fit the Liberal narrative that Blacks are the victims of whites.