In a column in today’s Washington Times, Arnaud de Borchgrave looks at the growing gap between executive compensation and the pay of just about everyone else. He quotes a Wall Street Journal study showing that in 2004 the median salary and bonus for CEOs soared 14.5 percent, while paychecks for salaried employees averaged a 3.4 percent increase. Among those who view this situation with alarm are Fed Chairman Alan Greenspan and Christopher Cox, the new chairman of the Securities and Exchange Commission.
Category: Public Policy
Check out this Seattle Weekly article, detailing the experience of Armen Yousoufian, who sought public disclosure of records in 1997 relating to “the proposed new Seahawks stadium, now called Qwest Field, which was built largely with public money.”
CBS News reports that “while a majority still thinks the Space Shuttle is worth continuing, the program receives its lowest level of support in this poll since CBS News started asking about it in 1986. In addition, the public gives the National Aeronautics and Space Agency (NASA) its lowest job rating to date.”
In light of the recent exodus from the AFL-CIO, Dr. Charles W. Baird examines the nature of labor unions through the lens of Catholic social teaching. “Catholic social teaching has supported labor unions as part of a general defense of freedom of association,” he writes. “This defense has not extended, however, to unions that are coercive or politically partisan.”
Crude oil prices have reach a record high $62 per barrel. Combined with Time Warner’s worse-than-expected recent earnings stocks dropped today as investors waited uneasily for the government’s latest petroleum inventory report. A barrel of light crude was quoted at $62.40, up 51 cents, on the New York Mercantile Exchange. Gasoline rose more than a cent to $1.7945 a gallon while heating oil gained a cent to $1.7350 a gallon. As American refineries operate at nearly 100% capacity, prices at the pump may continue to rise due to increased summer demand, pending tropical storms and hurricanes, and increased tensions this week because of Iran’s nuclear threat. Are we learning anything here about the complex, multi-facted dimension of the economy?
From SoYouWanna.com:
“Socially responsible investing is when you take your beliefs and values and apply them to how you invest your money. This is also known as having a ‘double bottom line,’ because not only are you looking for a profitable investment, but also one that meets certain moral criteria and that lets you sleep well at night. Your second bottom line could be moral, religious, or based on whatever Chicken Soup for the Soul principles help guide you through life.”
The issue of the federal regulation of non-profit groups, including churches, has meshed with a number of other questions, including allegations of government discrimination against faith-based groups. Charles Colson, founder of Prison Fellowship Ministries, writes of an attack on funding for faith-based initiatives in the New York Times as “typical of what’s been happening in the press and in Congress. Year after year, a Senate minority blocks votes on faith-based legislation. They demand that ministries not ‘discriminate’ by hiring only people of their own faith.”
From last week’s McLaughlin Group (July 30), an exchange between Pat Buchanan and Mort Zuckerman on the AFL-CIO split:
MR. BUCHANAN: There’s no doubt it is a blow to the Democrats. And what Eleanor said is very important earlier. The future of the labor movement is in service workers and it’s government workers, John, because the industrial unions are dying. We are exporting all of their jobs overseas, whether it’s textile or steel or (atomic?) workers or auto workers. All of that’s going overseas. Free trade is killing the labor movement.
On this date in 1876, Wild Bill Hickok was killed, shot dead from behind by Jack McCall while playing poker. He held a pair of aces & a pair of 8s, forever giving that combination the nickname “Dead Man’s Hand.”
Here’s a view of procreation that doesn’t line up with the UN-sponsored “World Population Day”. In the midst of a discussion about a Jewish tradition mandating that each couple has at least one male and one female childe, Bryan Caplan at EconLog writes,
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