05/07/2011 archive

May 07 2011

Where are the Jobs?

GRAPH: An Average CEO At America’s Big Corporations Earns 200 Times The Salary Of A Navy SEAL

   In the wake of their successful assault on Osama Bin Laden’s hideout, ABC News did a short feature on the Navy Seals. The report tells us that the people who hold this highly demanding and dangerous get paid about $54,000 a year. It then adds that:

   “The base salary level [of Navy Seals] is comparable to the average annual salary for teachers in the U.S., which was $55,350 for the 2009-2010 school year, according to the Digest of Education Statistics.’ That is one possible comparison. There are other possible reference points. For example, the CEOs of Goldman Sachs and J.P. Morgan both pocket around $20 million a year.

GRAPH: Income Inequality In U.S. Worse Than Ivory Coast, Pakistan, Ethiopia

Photobucket

Exxon Makes $30.5 Billion, So GOP Votes Unanimously To Give Them Tax Breaks

The War on the Middle Class

Former Clinton labor secretary Robert Reich shares is thoughts on the rise in pay for CEO’s and the rise in unemployment number

May 07 2011

Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 Kadhafi regime hits out over rebel war chest

by W.G. Dunlop, AFP

1 hr 2 mins ago

TRIPOLI (AFP) – Moamer Kadhafi’s regime reacted angrily Friday to a decision by world powers to provide funding to Libya’s rebels, asserting that plans to tap assets frozen abroad were “piracy.”

Meanwhile, rebels were bracing for a ground assault by Kadhafi forces on the besieged western port city of Misrata as NATO warplanes struck regime targets further to the west.

The fund, agreed at a meeting of the International Contact Group on Libya on Thursday, is intended to provide an emergency lifeline to the rebels, whose provisional administration has no source of financing to replace receipts from oil exports, which have come to a virtual halt.

Load more