child or abducted child will town into a homicide investigation. the step mother of the young girl admitted she did, indeed, write a fake ransom note and she claimed that a fake kidnapping asking for $1 million. police arrested that step mother on a dozen charges over the weekend after a fire at home. there is word today that wall street workers will, are on track to receive record payouts yet again this year. according to a report in the wall street journal dozens of top bankers and investment firms are expected to dole out $144 billion in compensation and benefits over the year 2010. the report indicates that $5 billion more than the record firms paid out last year. keep in mind here that this comes at a time of near double digit unemployment and concerns that the economy s shaky recovery could be losing ground.
and extended, then you ve got the health care money on the other side of that equation. yes. as i said, watch medicaid because when health care reform kicks in, tens of millions of people will be kicked into medicaid, so the expenditures on that will go up, indeed, through the roof, much more than the 35 percent we ve already seen in the last two years. let me draw your attention to one other quick thing, martha. look on the other side of the coin for a second, where does the money come from, who is paying into the federal treasury. last year, the central bank, the federal reserve, made a profit. that s $76 billion. this is almost unheard of. $76 billion profit by a central bank? and the contribution of corporate taxes went up 38 percent. you don t hear a lot about that. martha: no, and one $144 billion on wall street, a record year there, incredible story. stuart varney, thank you, we ll look for you on varney & company on the fox business network. bill: on a related matter,
as we turn our attention to the boiling point that is america, from wall street to washington, the financial scandals that remain uninvestigated. employer based health care system that mandates everybody by health insurance. the list of injustices, it s as long as as you want to make it and so much of that anger is about to be unleashed on our lawmakers. with elections just a few weeks away, was on pace for a second record breaking year for pay. nothing wrong with that if wall street was making that money and investing in america. that s not the case. the firms are set to pay out $144 billion in compensation. that as firms like goldman sachs make up to 85% of their money accessing the free money from our government for trading and speculation and $144 billion on
here are some of the stories we re following right now on msnbc. still pays, apparentry, to work on wall street. payment is on pace to break a record high for the second consecutive year. about three dozen of the top securities and investment service firms will distribute, get this, $144 billion in total payouts. that rattling sound new york city residents heard last night it was a wave of hail hitting cars and sidewalks throughout the boroughs. the weather oz a rude welcome for jets fans. the monday night football game was delayed because of the rain and hail as it whipped through the stadium. a sure sign that wintser on the way, look at these pictures. denver, colorado, where it is, yes, snowing. brett favre went on record with his teammates apologizing for recent allegations of
campaign for senate in south carolina takes another detour to the twilight zone. more on that ahead. hot on the web, bonuses are back in businesses in a big way. 144 billion bucks. that s the headline. wall street firms on track to break the payday record for a second year in a row. so much for the tough financial reform that was supposed to keep compensation in check. gap is scrapping the new logo after the flak it got online. the old version and the new version and boy, people really did not like that new version. they let gap know. the clothing company says all roads were leading us back to the blue box. how is that for a quotation? proof that people like change in politicians but not style logos. the banners over her bare parts read it s all about me.