Read more about the article CEOs Earn More When They Fire People
John D Rockefeller - Archetype of today's CEO

CEOs Earn More When They Fire People

John D Rockefeller - Puck Magazine 1901 The Institute for Policy Studies has just released their 17th annual review of CEO salary. It makes for scary reading. While the rest of us suffer through the double-dip-recession-that-never-actually-lifted-off-the-bottom, CEOs, who are not only some of the wealthiest people in the country but are also the most handsomely paid to boot, have seen their income rise in real terms, while their employees have seen a reduction in real income and a significant contraction of job opportunities. According to the Institute

Corporate executives, in reality, are not suffering at all. Their pay, to be sure, dipped on average in 2009 from 2008 levels, just as their pay in 2008, the first Great Recession year, dipped somewhat from 2007. But executive pay overall remains far above inflationadjusted levels of years past. In fact, after adjusting for inflation, CEO pay in 2009 more than doubled the CEO pay average for the decade of the 1990s, more than quadrupled the CEO pay average for the 1980s, and ran approximately eight times the CEO average for all the decades of the mid-20th century.
Their employees, meanwhile
are taking home less in real weekly wages than they took home in the 1970s. Back in those years, precious few top executives made over 30 times what their workers made. In 2009, we calculate in the 17th annual Executive Excess, CEOs of major U.S. corporations averaged 263 times the average compensation of American workers. CEOs are clearly not hurting.
But reality is even worse:
In 2009, the CEOs who slashed their payrolls the deepest took home 42 percent more compensation than the year’s chief executive pay average for S&P 500 companies
The market, and the embedded compensation committees, are rewarding CEOs for destroying livliehoods, for shipping jobs overseas, and for eviscerating the american workplace. These are the same people who lobby our politicians to create business friendly legislation (aka legislation that will protect their bonuses and options) and to fight against social programs (that would level the playing field a little) What was so wrong with the vibrant, growing, energetic America of the 70s and 80s? Why do CEOs hate America, so?

Continue ReadingCEOs Earn More When They Fire People

ASCAP attacks Creative Commons

No, this is not a comical make-believe headline from The Onion. ASCAP has lashed out at Creative Commons.

At this moment, we are facing our biggest challenge ever. Many forces including Creative Commons, Public Knowledge, Electronic Frontier Foundation and technology companies with deep pockets are mobilizing to promote "Copyleft" in order to undermine our "Copyright." They say they are advocates of consumer rights, but the truth is these groups simply do not want to pay for the use of our music. Their mission is to spread the word that our music should be free.
This smear campaign is a staggering display of ignorance. Did ASCAP actually hire a lawyer to advise them here? Do they have the faintest idea of what Creative Commons is all about? Here's the response of Creative Commons:
Last week, the American Society of Composers, Authors and Publishers (ASCAP) sent a fundraising letter to its members calling on them to fight “opponents” such as Creative Commons, falsely claiming that we work to undermine copyright.* Creative Commons licenses are copyright licenses – plain and simple. Period. CC licenses are legal tools that creators can use to offer certain usage rights to the public, while reserving other rights. Without copyright, these tools don’t work. Artists and record labels that want to make their music available to the public for certain uses, like noncommercial sharing or remixing, should consider using CC licenses. Artists and labels that want to reserve all of their copyright rights should absolutely not use CC licenses.
Here's more analysis, from Techdirt.
ASCAP's blatant attack on Creative Commons (and EFF and PK; both of whom focus on consumer rights, but not undermining artist's rights at all) shows their true colors. They're not about artists' rights at all. They're about greater protectionism -- which is not (at all) the same thing.

Continue ReadingASCAP attacks Creative Commons

…Some Animals Are More Equal Than Others…

I got into a stupid flame was the other day on Facebook with a friend (and her commenters) She [A] posted the following to her wall:

If you think that putting up a mosque 600 ft. from ground zero and have the opening of the mosque on the anniversary of 9/11/11, is immoral, inhuman and a complete lack of respect for the memories of all that perished on that day and their survivors & that politicians are doing a grave injustice to the fallen heroes, their families and the people of New York City, THEN PLEASE COPY AND PASTE THIS TO YOUR WALL
The first commenter followed with
[B] its digusting its even a thought in someones head.....
I saw this and saw yet another vile, right-wing sponsored attack on civil liberties. I am not religious, and abhor religion. I think it perpetuates an evil upon the world that does incalculable damage to current and future generations. However, I do support the rule of law, and the Cordoba House people have the right to build there.

Continue Reading…Some Animals Are More Equal Than Others…

U.K. Guardian skewers the “war on drugs”

It's clearly time to rethink the U.S. War on Drugs. For many good reasons, consider this Editorial by the U.K.Guardian:

If the purpose of drug policy is to make toxic substances available to anyone who wants them in a flourishing market economy controlled by murderous criminal gangs, the current arrangements are working well. If, however, the goal is to reduce the amount of drugs being consumed and limit the harm associated with addiction, it is surely time to tear up the current policy. It has failed.

This is not a partial failure. For as long as courts and jails have been the tools for controlling drugs, their use has increased. Police are powerless to control the flow. One recent estimate calculated that around 1% of the total supply to the UK is intercepted. Attempts to crack down have little impact, except perhaps in siphoning vulnerable young people into jails where they can mature into hardened villains.

Continue ReadingU.K. Guardian skewers the “war on drugs”

Do You C What I C?

The Tea Party apparently did well in Missouri during the mid-term primaries this week. They (or someone) managed to stage contests for most Republican candidates, while most Democrats ran unopposed in our state. Why might anyone do this? Proposition C. This piece of "legislation" is an arguably unconstitutional attempt to stop Health Care Reform by claiming States Rights against an unpopular provision in the Obama plan: Mandatory Health Insurance. Universal insurance is an attempt to pay for the impending regulation doing away with preexisting condition coverage denials. If everyone is covered, then there will be no preexisting conditions. But if everyone can sign up only when they need it and insurers cannot deny coverage, then insurers will go bankrupt and the Federal Government will have to completely take over. This is what they want? But Missourians voted overwhelmingly in favor of denying the Federal Government the right to enforce this provision necessary to interstate commerce. But if you look at detailed election results, you'll see that the vote on Proposition C is proportional to the ratio of Republicans to others who bothered to vote. In a state that was razor-close in November 2008, three Republicans showed up for each Democrat to vote in this primary. Here is another view of this Proposition: What the passage of Proposition C in Missouri means, and what it does not mean. In brief, it is grandstanding. Given the likely turnout at the polls, and given the correct wording, it was an unsinkable piece of "voter mandate" with no actual significance. But it looks good as a jab-in-the-eye to an embattled administration. Unless you actually read about the issue. But the point was to pick one unpopular clause of the 2,500 page law, and publicly display how "the people" are against the whole thing. I'm curious to see how the Tea Party will stack the November election. Will other states be so dumb?

Continue ReadingDo You C What I C?