"Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower."
Chief executive pay has roared back after two years of stagnation and decline. America's top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.
...the top 10 earners took home more than $770m between them in 2010. As stock prices began to recover last year, the increase in CEO pay outstripped the rise in share value...
For S&P 500 CEOs...[pay] increased by a median of 36.47%. Total pay at midcap companies, which are slightly smaller than the top firms, rose 40.2%.
"Wages for everybody else have either been in decline or stagnated in this period, and that's for those who are in work,"
Image from OpEdNews, where we learn that high CEO pay correlates with lower company performance.
Note that as of now there don't appear to be any US media outlets reporting this story.
Yeah, we all knew it was too good to be true. When I first encountered the story I sent it to a friend with the subject line: "I want to believe!"
Vince Mancini, the author of the story at FilmDrunk, one of the first outlets to pick up the tale from Sunday Sports, said that: "I noted at the time that the report seemed a little suspicious...[it was from] a tabloid with headlines like 'World War 2 Bomber Found on Moon'"
Mr. Mancini argues, though, that the professional writers at Sunday Sports deserves big props for the story. He notes that they:
"found a dwarf who looked like Gordon Ramsay, and decided that wasn’t juicy enough, so they cooked up a story about him being a porn star."
Created a terrific quote: "Dwarf lookalikes are as rare as hen’s teeth and so can command top dollar. I’ve already ordered a new BMW and a diamond encrusted Soda Stream"
"waited three weeks to kill off their star, and when they did, they did it in style, with badgers and poison gas, with all the intrigue of a possible suicide, brought on by the pressures of the celebrity-look-alike dwarf-porn industry."
He finished with this compliment: "Because anyone can write some crazy story, it takes a professional to weave it into a narrative."
You stay classy, Sunday Sports. Not every newspaper can aspire to reach the heights to which you have soared.
Right after Fox's management emailed a memo about eliminating errors on their news (I know, they were serious!), the chart below was used to explain some poll results.
63% + 60% + 70% = 193%! Don't be too discouraged, though. That's 193% of just Republicans.
Some highlights from the memo:
"Effective immediately, there is zero tolerance for on-screen errors. Mistakes by any member of the show team that end up on air may result in immediate disciplinary action..."
"a key quote from today's meeting: 'It is more important to get it right, than it is to get it on.'"
The memo was sent after Fox recently ran stories that used films of larger crowds from past stories as background for reports on a rally and for Sarah Palin's book tour. The memo didn't address whether Fox's usual dishonesty is included in the memo's warnings.
In an article in today's Washington Post, Rick Perlstein puts the craziness of the health care uproar in a historical perspective. When the Civil Rights Act was being debated in 1964, opponents claimed that it would enslave whites. A plan to increase mental health care during the Kennedy administration sparked claims that a new facility in Alaska was actually a concentration camp for dissidents. Perlstein notes that "Internment camps for conservatives" are "the latest theory of tea party favorite Michael Savage."
The problem, Perlstein notes, is not the existence of the loonier perspectives among the electorate, but the credence given to them by today's media.
"Back then, a more confident media unequivocally
labeled the civic outrage represented by such discourse as "extremist"
-- out of bounds."
Today we have Lou Dobbs and Fox News to stoke the crazy fires and promote extremism and violence.
"Conservatives have become adept at playing the media for suckers,
getting inside the heads of editors and reporters, haunting them with
the thought that maybe they are out-of-touch cosmopolitans and that
their duty as tribunes of the people's voices means they should treat
Obama's creation of "death panels" as just another justiciable
Perlstein closes by saying "Good thing our leaders weren't so cowardly in 1964, or we would never
have passed a civil rights bill -- because of complaints over the
provisions in it that would enslave whites."
CNN will, on the other hand, happily take (and send a press release about doing so) an undisclosed amount of sponsorship funding from Nigerian insurance company IEI for a 6-part TV show "dedicated to exploring global companies who are making a positive impact on the environment while trying to make a profit."
The thoughts of Muhammed Saeed al-Sahaf Should I be worried that the top Google result (update: in October of 1994) for Relentlessly Optimistic is to the former Iraqi Information Minister?
That's somewhat offset by the fact that the #3 link is to Sponge Bob Square Pants.