The Power of Yes Show

It’s compelling. It is a masterpiece of storytellingWhat the popular press had to say..... "This piece is not so much a play proper as an artfully arranged dramatisation of the research that could have led to one...It's honourable, lucid, tenacious, and a little dull."- Paul Taylor for Independent "One wishes that Hare had also given us a bit of human drama." Benedict Nightingale for The Times "It proves yet again that theatre has the capacity to instruct delightfully, and to make sense of the world...Hare's portrayal of capitalism's collapse is engrossing.

Health care reform and protests

President Jimmy Carter to declare that most of this protest was racial in nature.The Times editorial board praises President Obama for scrapping the missile defense shield in Eastern Europe, calling the program "immensely expensive technology that still doesn't work, designed for a threat that may never materialize." As various versions of health-care reform wend their contentious way around Washington, the board finds several weaknesses...

Tax hikes, spending cuts...now!

Parliamentary Budget Officer Kevin Page says tax hikes or deep spending cuts are the only way the federal government’s finances can return to a surplus position.Parliamentary Budget Officer Kevin Page says tax hikes or deep spending cuts are the only way the federal government's finances can return to a surplus  position. Page is the latest economic expert to suggest Finance Minister Jim Flaherty's plan to eliminate the deficit is unrealistic. "Based on our analysis, even the analysis we did a few months ago, it will be very difficult to see a surplus within the next five years without significant discretionary actions," Page said in an interview with Canwest News Service and Global National.

Who's afraid of T. Kushner?

Marathon of the human heart ... Kirsty Bushell and Mark Emerson in Angels in America at the Lyric Hammersmith. The first time I saw a Tony Kushner play, I was an unwilling audience member who feared being trapped in a theatre on a swelteringly hot summer night for a three-hour snoozathon about Afghanistan. Within 10 minutes, I was enraptured, and it has been that way for me with Kushner ever since. Etiam urna leo, accumsan at sodales vel, eleifend a dui. Praesent vitae elit quam, a blandit enim? Praesent id mauris quis felis fringilla...

Goldman Sachs bankers on course

Goldman Sachs will ignite a storm of controversy in the new yearGoldman Sachs will ignite a storm of controversy in the new year when it reveals that its bankers are on course to collect pay and bonuses worth $19bn (£11.4bn), despite 2009 being the worst year for the US economy in 30 years. The news comes as banks in Britain find themselves in the firing line after it emerged that 5,000 bankers stand to collect more than £1m each, sparking criticism from ministers who accused financiers of being out of touch as millions are thrown out of work amid recession.

City sources say that the pay and bonus pot at Goldman is based on projected figures from Thomson Financial, published on Friday, which show that the investment bank is expected to generate net income of around $45bn. Analysts predict that 43% of that figure will be set aside for compensation to be distributed to the bank's 31,700 employees, 6,000 of whom are in London. Remuneration as a proportion of net income is expected to be lower than the average of 46.7% in the 10 years to 2008, partly as a sop to US public opinion.

Brad Hintz, investment banking analyst at Sanford Bernstein, says: "Everyone inside the firm is aware there is more than enough money available to make everyone happy." Goldman has enjoyed a bumper year thanks to booming debt markets, a recovery in the oil price and a rise in the value of equities since January, with some indices up by 20%. The bank trades off its own account as well as on behalf of clients.

Goldman's three leading executives, chairman Lloyd Blankfein, president Gary Cohn and chief financial officer David Viniar, will receive multi-million dollar payouts after forgoing their bonuses last year when the bank made a loss in the fourth quarter. Average compensation for the rest of the workforce will come in at about $743,000. The bonus culture is under attack on both sides of the Atlantic as it is blamed for having encouraged bankers to make reckless decisions during the credit boom that contributed to the near collapse of the financial system in 2008.

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