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President Barack Obama has said Wall Street must repay $117bn (£72bn) to taxpayers and criticised banks for “massive profits and obscene bonuses”.
The tax is to recoup money US taxpayers are expected to lose from bailing out the banks during the financial crisis.
“My commitment is to recover every single dime the American people are owed,” the president said.
The move follows populist anger at banks, seen as being responsible for causing the recent economic crisis.
Average American
“My determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at the very firms who owe their continued existence to the American people,” the president said.
“I’m perfectly content renting for the foreseeable future,” says Patrick Doyle. That’s because he can rent for considerably less than the cost of owning a house in his neighbourhood. The savings, in turn, can be used to build up a portfolio of financial assets much quicker than otherwise.
“I pay $1,250 per month in rent, including my parking space,” continues Doyle, who authors the blog A Loonie Saved. “The monthly mortgage payment on a detached house in my area would be about $2,200. After you add in property tax, repairs, maintenance and utilities, the total monthly payment is at least $2,700. B
As a manager, one of the most important parts of your job is fostering teamwork in the workplace. While certainly teamwork comes naturally to a great many people, it still pays to know how to bring it out. Also, there are some people who are not naturally inclined to use teamwork. Knowing how to get the best out of these people can mean the difference between a good and great job done. Here are some tips for teamwork in the workplace that any manager can use:
Teamwork in the workplace starts with getting your team to buy in to the idea. Showing them the benefits of using teamwork can be eye opening.