#9801
Dueling court decisions threw into question access to the nation’s most common method of abortion, one that scientists have approved for use for decades.
#9802
The final piece of the puzzle clicks into place.
#9803
If you saw this headline from the Miami Herald what would you be led to think happened in this story?
#9804
There are many odd features of the narrative based epistemology that governs party politics. One of them is the need for stories connecting the opposing party’s guilt and corruption, in…View Post
#9805
Classified documents that seem to detail US national security secrets related to Ukraine, the Middle East and China have emerged online.
#9806
Nike warned people to not share "hate speech" on the company's Instagram account. It was in reaction to the Dylan Mulvaney backlash.
#9807
The controversial Corporate Equality Index (CEI) scoring system, overseen by the Human Rights Campaign, awards companies beneficial points for moves like endorsing trans influencer Dylan Mulvaney.
#9808
Riley Gaines ‘ambushed and physically hit’ after Saving Women’s Sports speech at San Francisco State
Former NCAA swimmer Riley Gaines was barricaded in a room at San Francisco State University Thursday night after she was physically assaulted following a speech to students about saving women’…
#9809
Gov. DeSantis says he will void the Reedy Creek deal that stripped the new board of its power and consider new hotel taxes and tolls on Disney World.
#9810
U.S. Supreme Court Justice Clarence Thomas has responded to critics who called for his impeachment this week after a report from ProPublica alleged he may have violated the law by not disclosing certain gifts from a Republican mega-donor. Harlan Crow, a wealthy Dallas real estate magnate and GOP donor, has maintained a friendship with Thomas for more […]
#9811
At Gov. Ron DeSantis's (R-FL) urging, Florida Republicans are eagerly drafting a bill to expand the scope of defamation law. But not everyone in the conservative movement is a fan.
#9812
Judge Juan Merchan, the judge overseeing Donald Trump’s hush money case in New York, is being scrutinized by scrutiny over $35.
#9813
The Super Mario Bros Movie is heading for a $195 million 5-day box office haul, which pretty much guarantees that we'll get a sequel.
#9814
TBI Director David Rausch shared new details about the so-called
#9815
The left gins up another phony ethics assault to tarnish the Supreme Court.
#9816
The Twitter account for the Chicago police reportedly liked a so-called "anti-trans" post and officials are now looking into the matter.
#9817
he Republican Party of Florida launched the "Blue County Strategy Committee," which will be laser focused on "picking off" Democrat-held seats at every level of government.
#9818
An MSNBC guest said it is "troubling" that the judge presiding over the case involving Donald Trump made a campaign contribution to President Joe Biden.
#9819
What this report finds: Corporate boards running America’s largest public firms are giving top executives outsize compensation packages that have grown much faster than the stock market and the pay of typical workers, college graduates, and even the top 0.1%. In 2021, we project that a CEO at one of the top 350 firms in the U.S. was paid $27.8 million on average (using a “realized” measure of CEO pay that counts stock awards when vested and stock options when cashed in). This 11.1% increase from 2020 occurred because of rapid growth in vested stock awards. Using a different “granted” measure of CEO pay (which counts the value of stock awards and options when granted rather than realized), average top CEO compensation was $15.6 million in 2021, up 9.4% since 2020. In 2021, the ratio of CEO-to-typical-worker compensation was 399-to-1 under the realized measure of CEO pay; that is up from 366-to-1 in 2020 and a big increase from 20-to-1 in 1965 and 59-to-1 in 1989. CEOs are even making a lot more than other very high earners (wage earners in the top 0.1%)—almost seven times as much. From 1978 to 2021, CEO pay based on realized compensation grew by 1,460%, far outstripping S&P stock market growth (1,063%) and top 0.1% earnings growth (which was 85% between 1978 and 2021, according to the latest data available). In contrast, compensation of the typical worker grew by just 18.1% from 1978 to 2021.
Why it matters: Exorbitant CEO pay is a major contributor to rising inequality that we could restrain without doing any damage to the wider economy. CEOs are getting ever-higher pay over time because of their power to set pay and because so much of their pay (more than 80%) is stock-related. They are not getting higher pay because they are becoming more productive or are more skilled than other workers. This escalation of CEO compensation and of executive compensation more generally has fueled the growth of top 1% and top 0.1% incomes, leaving fewer of the gains of economic growth for ordinary workers and widening the gap between very high earners and the bottom 90%. The economy would suffer no harm if CEOs were paid less (or were taxed more).
How we can solve the problem: We need to enact policy solutions that would both reduce incentives for CEOs to extract economic concessions and limit their ability to do so. Such policies could include reinstating higher marginal income tax rates at the very top; setting corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation; using antitrust enforcement and regulation to restrain the excessive market power of firms—and by extension of CEOs; and allowing greater use of “say on pay,” which allows a firm’s shareholders to vote on top executives’ compensation.
#9820
Riley Gaines ‘ambushed and physically hit’ after Saving Women’s Sports speech at San Francisco State
Former NCAA swimmer Riley Gaines was barricaded in a room at San Francisco State University Thursday night after she was physically assaulted following a speech to students about saving women’…
#9821
A federal judge in Washington state on Friday ordered U.S. authorities not to make any changes that would restrict access to the abortion medication mifepristone in 17 Democratic-led states that sued over the issue, countering a ruling by a judge in Texas on the same day that ordered a hold on federal approval of the drug.
#9822
Los Angeles officials propose ticketing rather than arresting violent criminals.
#9823
Meta is reportedly weighing the option of exempting politicians from AI-generated image restrictions, raising concerns about potential disinformation and the impact on the democratic process, especially with the 2024 US Presidential election approaching.
#9824
A federal judge in Texas ordered that the U.S. Food and Drug Administration halt its approval of the abortion pill mifepristone on Friday.
#9825
Two juveniles are facing murder charges in the shooting deaths of three teenagers in Florida last week.
