In this map, red states are those where the top 1 percent of earners are taking home a relatively normal share of income, whereas green ones are those where the 1 percent gobble up a huge portion of it. Watch the states turn from deep red to dark green over the past 35 years:
Image source and article – click through to see one more visualization map: http://thinkprogress.org/economy/2013/09/19/2650801/1-percent-map/
If they really are running businesses that are so stressed that they can’t do their basic work, why are they paying themselves so much money. Where did these enormous salaries come from if they were in fact in such serious trouble?
Click through for video: http://videocafe.crooksandliars.com/scarce/barney-asks-question
Some of the patients’ bills would later include markups of 100 to 200 times the manufacturer’s price, not counting separate charges for “IV administration.” And on other bills, a bundled charge for “IV therapy” was almost 1,000 times the official cost of the solution.
And later in the article…
…the real cost of a bag of normal saline, like the true cost of medical supplies from gauze to heart implants, disappears into an opaque realm of byzantine contracts, confidential rebates and fees that would be considered illegal kickbacks in many other industries.
Image source and article: http://www.nytimes.com/2013/08/27/health/exploring-salines-secret-costs.html?_r=0
(Maybe the invisible hand is invisible because it doesn’t exist.)
At the same time, banker pay is set to spike up above the 2009 bonus levels that brought criticism on the industry. The banks aren’t just on track to pay $127 billion in compensation and $23 billion in bonuses. They’re also returning to the dangerous compensation structures that helped drive the fraudulent behavior and gambler’s mentality underlying the financial crisis.