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Mind the Gap: Bumper Bonuses Are Back, Yet Millions Struggle on Welfare in US


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Mind the Gap: Bumper Bonuses Are Back, Yet Millions Struggle on Welfare in US

Andrew Purcell in New York

Conspicuous consumption is back on Wall Street, in anticipation of bonuses close to pre-recession levels. Some American companies have just posted the largest quarterly profits ever. Meanwhile, one in five families is relying on food stamps to get by and unemployment remains stuck at around 10%.