The Divide is as Wide as Ever

Wall Street Profits: Up. Main Street Morale: Down

The story headlines says it all: "Bank Profits Soar and Corporate Bonuses Swell as Broader Economy Stagnates

Highlights:

The divide between corporate fortunes and those of ordinary Americans continues to widen, as banks post strong profits and the nation's largest companies boost executive pay.

Banks and corporations are exhibiting a confidence reminiscent of pre-crisis days, even as the broader economy still sputters. Bank profits soared in the first three months of the year, and corporate profits likewise swelled last year. And executives saw ever fatter bonuses.

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