On Monday, Citigroup reported its seventh consecutive quarterly profit, registering $3.8 billion in net revenue, a 74 percent increase over its numbers a year ago. CEO Vikram Pandit has been well-rewarded for the post-bailout turnaround — in May, Citigroup’s board gave him a $23.2 million “retention package” of stock options and cash payments.
Meanwhile, Gallup reports that its Basic Access Index — a measurement of how many Americans can afford “basic life necessities” — fell back in September to the lowest point registered during the depths of the recession.
via The recession that never left – U.S. Economy – Salon.com.
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