A Corporate burden

From the Financial Times,

"...Goldman's pre-tax profit margins, at 29 per cent, were 10 percentage points higher than the average for other financial firms in the Fortune 500 this decade, and substantially higher than in other industries such as energy, healthcare and consumer staples.
The average for Fortune 500 companies was 8 per cent."

Goldman's 30,000 employees can look forward to an average of $650,000 in compensation.

I wish them well.

"When this is, that is.
From the arising of this comes the arising of that.
When this isn't, that isn't.
From the cessation of this comes the cessation of that."

The Fifth Noble Truth

From the Financial Times, June 17th 2008:-

UK becomes biggest weapons exporter
By Stephen Fidler, Defence and Security Editor

Britain became the world’s largest arms exporter last year, according to government figures released on Tuesday, overtaking the US, which normally occupies the top slot.
The UK won £10bn of new defence orders in 2007 from overseas, giving it a 33 per cent share of the world export market, according to figures released on Tuesday by the Defence and Security Organisation, set up to promote Britain’s defence exports. Export orders totalled £5.5bn in 2006.