Peak of the Week

Other Stats - See full article from DailyFinance: http://srph.it/hjlkIY

• Hedge fund managers: $883 million average annual income.
• Corporations: Up 12% to record highs
• Owners of commodities: Significant increase. This is great news for those who own commodities and bad news for people who have to pay for them.
• Median family income: Down 8.1% in the last decade. And with 13.5 million people out of work, the pressure to push wages lower remains strong.
• Stock market investors: Down 8%. Since the first week of April 2007, the S&P 500 is down 8%. But since Obama took office, stocks have increased an average of 26.5% a year.
• Homeowners: Values are down 30%.
• Wall Street: Average cash bonus is down 37% to $128,530!

 I would like to add a few stats:

Do you know who Vernon Wells is and what he does for a living?  He earns $26,187,500 per year.

The Average Baseball player salary in 2000 $1,980,000
                                                      in 2010 $3,270,000

Average of 6.5% salary increase per year which I am sure they deserve the increases because their performance has been terrific! The NFL and the NBA both face labor problems this coming year and lockouts may happen this coming season.
This is what I do know.

Gas is currently at $3.71/gal in north Charlotte.

Today, as a sole proprietor, I could not get a mortgage. The tightening of lending has all but shut off the fuel for small businesses. And, the SBA – no chance!

The unemployment picture is worse than what is reported. More and more people are coming off of extended benefits. And, sole proprietors are not included in the statistics.

What is your salary this year? Are you really better off this year since the “Great Depression” of 2008?

Peek forward - Time for a change in our political arena – start with term limits. This next election cycle is our time to make a difference.