{"id":58,"date":"2009-03-20T07:56:23","date_gmt":"2009-03-20T07:56:23","guid":{"rendered":"http:\/\/www.artsjournal.com\/diacritical\/wp\/2009\/03\/of_poverty_banking_and_the_art\/"},"modified":"2009-03-20T07:56:23","modified_gmt":"2009-03-20T07:56:23","slug":"of_poverty_banking_and_the_art","status":"publish","type":"post","link":"https:\/\/www.artsjournal.com\/diacritical\/2009\/03\/of_poverty_banking_and_the_art.html","title":{"rendered":"Of Poverty, Banking, and the Arts"},"content":{"rendered":"

Yesterday on CNBC, host Mark Haines said that Wall Street could not possibly be run well by people making $250,000. Here’s the transcript:<\/p>\n

Let’s get back to what I regard as a fundamental issue here. I know
\nit’s politically unpopular, politically incorrect. I know it goes
\nagainst all of the populist indignation that’s out there right now. But
\nyou can’t really, it seems to me, expect that these Wall Street
\ncompanies are going to be run well by a bunch of people who don’t make
\nmore than $250,000.<\/strong><\/p><\/blockquote>\n

Here’s the video:<\/p>\n

<\/object><\/p>\n

Uh huh.I’m trying to make a connection here between how much you’re paid and how good you are at your job. I’m trying to make a connection here between what would seem to be considered “poverty” pay for a reckless banking industry and what for a salary in the arts would be considered king’s riches. Nothing’s coming to mind…<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday on CNBC, host Mark Haines said that Wall Street could not possibly be run well by people making $250,000. Here’s the transcript: Let’s get back to what I regard as a fundamental issue here. I know it’s politically unpopular, politically incorrect. I know it goes against all of the populist indignation that’s out there […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-58","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4ePZm-W","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":665,"url":"https:\/\/www.artsjournal.com\/diacritical\/2016\/01\/top-stories-this-week-from-artsjournal.html","url_meta":{"origin":58,"position":0},"title":"Last Week’s Top Stories on ArtsJournal","author":"Douglas McLennan","date":"January 18, 2016","format":false,"excerpt":"We're aggregating upwards of 150 stories a week on ArtsJournal these days. Despite the decimation of the daily newspaper arts journalism profession, there are more good stories about the arts now than there have ever been. But that also means it's more difficult to sort through. 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