Obama Chastises Wall Street Over $18B In Bonuses

President Barack Obama chastised Wall Street executives recently, when it was discovered they took $18 billion in bonuses from taxpayer bailout money.

That $18 billion could have been used to create a few hundred thousand jobs, rather than being unevenly distributed. It is clear the mindset of some on Wall Street has not changed, even in tough economic times. This incorrect thinking will not aid in economic recovery.

Wall St faces moment of truth over pay, perks

NEW YORK (Reuters) - This may be the week that Wall Street finally realized a golden era of prestige, high pay and perks has ended.

http://uk.reuters.com

Worst January on Record for Stocks

Stocks wrapped up their worst January on record with a final plunge on Friday.

The Dow Jones Industrial Average finished January down 8.84% on the month. Previously, the worst January for the Dow had been that of 1916, when it fell 8.64%. Friday, the Dow dropped 148.15 points to 8000.86 after briefly dipping below the 8000 mark. The Dow has fallen five straight months and in 12 of the last 15. 

http://online.wsj.com

Republicans demand changes to stimulus bill

WASHINGTON (Reuters) - Senior Republican senators warned on Sunday their party was unlikely to back President Barack Obama's economic stimulus bill without changes to cut waste and to ensure the nearly $900 billion package promptly boosts the faltering U.S. economy.

http://uk.reuters.com