U.K. Banks given go ahead to pay unlimited bonuses

Britain's banks have been given the go-ahead to pay unlimited bonuses, drawing to a close a two-year political battle to rein in the City.  After months in which a series of government ministers of all parties have threatened a toughening in the stance over City bonuses, Downing Street said the government did not intend to intervene in the pay of the UK's top bankers.

• Source - UK Guardian

• Video - What If The Bankers Gorged On A Record $144 Billion In Bonuses And No One Noticed

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[DailyBail]

Still the Best Congress Money Can Buy

http://www.nytimes.com/2010/11/28/opinion/28rich.html?_r=1

[DailyBail]

http://www.guardian.co.uk/politics/2011/jan/10/banks-unlimited-bonuses-ministers

source for story...

[DailyBail]

The government is resigned to UK banks paying out billions of pounds in bonuses this year, despite its calls to curb the payments, the BBC has learnt.

http://www.bbc.co.uk/news/business-12131092

[DailyBail]

Last spring, Dow Jones launched a new service called Lexicon, which sends real-time financial news to professional investors. This in itself is not surprising. The company behind The Wall Street Journal and Dow Jones Newswires made its name by publishing the kind of news that moves the stock market. But many of the professional investors subscribing to Lexicon aren’t human—they’re algorithms, the lines of code that govern an increasing amount of global trading activity—and they don’t read news the way humans do. They don’t need their information delivered in the form of a story or even in sentences. They just want data—the hard, actionable information that those words represent.

http://www.wired.com/magazine/2010/12/ff_ai_flashtrading/