#9676
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.
#9677
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.
#9678
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.
#9679
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’…
#9680
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.
#9681
Los Angeles officials propose ticketing rather than arresting violent criminals.
#9682
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.
#9683
A federal judge in Texas ordered that the U.S. Food and Drug Administration halt its approval of the abortion pill mifepristone on Friday.
#9684
Two juveniles are facing murder charges in the shooting deaths of three teenagers in Florida last week.
#9685
The two juveniles, who FOX 35 is not naming due to their ages, were arrested late Thursday night and are facing charges of first-degree murder. Deputies are still searching for a third suspect, 16-year-old Tahj Brewton.
#9686
The union representing principals just sent a letter to its members and the DPS superintendent, saying the district must take certain actions to address safety.
#9687
Independent journalist and "Twitter Files" investigator Matt Taibbi appeared on MSNBC's "The Mehdi Hasan Show" Thursday to engage in debate with its titular host. It is evident from the participants' post-debate chatter online that neither journalist nor script-reader were able to move past their di...
#9688
A former top Biden official is being scrutinized as an example of the "revolving door" of political appointees shuttling between government and outside special interests.
#9689
In response to mounting criticism, apparel company Nike issued its first response, saying it welcomes comments that led to a "constructive discussion."
#9690
In California, “stranger danger” may be about to acquire a whole new meaning. Forget warning kids. It’s the parents in California who will need to be terrified of strangers if...
#9691
Dr. Mary Talley Bowden, a Stanford-educated ear, nose, and throat doctor, isn't afraid to voice her beliefs. During ...
#9692
WASHINGTON — Vice President Kamala Harris is making a last-minute trip to Tennessee on Friday, hours after the Republican-controlled House ex
#9693
Republican Gov. Joe Lombardo is backing legislation designed to restore integrity to Nevada's election system.
#9694
A federal judge in Texas has halted the Food and Drug Administration's approval of a pill involved in roughly half of abortions nationwide, a decision that will likely reduce the availability of abortions in states where the procedure is legal.
#9695
The congresswoman is accused of not paying for her dress rental and other services associated with the gala until a review was launched.
#9696
A study published Friday claimed that climate change is a factor in the increased number of home runs hit in Major League Baseball in recent years.
#9697
Snitches get sheepskins as colleges train student informants.
#9698
The misogynist mob strikes again. Its target this time was the American swimmer Riley Gaines. What was her offence? What did this young woman do to attract the attention — and the jeers and insults and threats — of the woke witchfinder-generals? She said men should not compete in women’s sports. Obscene. Fetch the ducking
#9699
WASHINGTON, D.C. — A group of young children participating in an Easter Egg hunt at the White House found themselves at the center of unexpected controversy after they discovered more of President Joe Biden's classified documents hidden inside some of the colorful Easter eggs. Parents alerted the FBI, who then arrived on the scene to investigate.
#9700
Former President Donald Trump is widening his lead over Florida Gov. Ron DeSantis, even as he faces an indictment from Manhattan authorities and at least two other criminal investigations. A new Reuters/Ipsos poll found that 48 percent of Republicans want Trump to be the presidential nominee in 2024, up from 44 percent a month ago. […]
