Brian Ross: Big Brothers Are Watching You
2 hours ago
After a 15 percent collective pay cut in 2007, chief executives of the 500 biggest companies in the U.S. (as measured by a composite ranking of sales, profits, assets and market value) took another reduction in total compensation, 11 percent, for 2008. The last time the big bosses took a pay hit for two consecutive years was in 2001 and 2002.It's always nice to see the apologizers throw in nonsense statistics like this, as if it's so small, who could notice? It would be much more appropriate to reflect executive compensation with the average worker salary but this is always too embarrassingly high so they avoid it. As we are discovering during the recession, the overpaid executives are not nearly as valuable or perfect as they like to believe. To their credit, they sell themselves very well compared to what they deliver in the market. Read More......
In total, these 500 executives earned $5.7 billion in 2008, which averages out to $11.4 million apiece and computes to less than 1 percent of total revenues and 3 percent of total profits of their companies.
filibuster - Informal term for any attempt to block or delay Senate action on a bill or other matter by debating it at length, by offering numerous procedural motions, or by any other delaying or obstructive actions.This is vintage GOP obstruction. In the few days since the GOP Senators launched their filibuster, it's become clear that we may be facing a major health threat. The key government departments and agencies are gathering to plot strategy. Absent is a Secretary of Health and Human Services.
The first thing I want to announce today is that the Department of Health and Human Services will declare today a public health emergency in the United States.For the time being, HHS is being led by Acting Secretary Charles Johnson, a Bush-appointee from Utah who spent most of his career working as an accountant.
Ordered, That at 10 a.m. on Tuesday, April 28, 2009, the Senate proceed to executive session to consider the nomination of Kathleen Sebelius, of Kansas, to be Secretary of Health and Human Services; that there be 8 hours of debate with respect to the nomination, with the time equally divided and controlled between the Leaders or their designees and that the Senator from Kentucky (Mr. Bunning) be allotted 20 minutes; thatupon the use or yielding back of time, the Senate proceed to vote on confirmation of the nomination; and that confirmation be subject to an affirmative 60 vote threshold; that upon achieving that threshold, the nomination be confirmed and the motion to reconsider be laid upon the table; that no further motions be in order; the President be immediately notified of the Senate's action and the Senate then resume legislative session.That's wasting too much more time in the middle of a crisis.
Gov. Rick Perry of Texas asked the C.D.C. to send 37,430 doses of Tamiflu.I guess Rick got tired of teabagging. Read More......
At a White House news conference, Besser and Homeland Security Secretary Janet Napolitano sought to assure Americans that health officials are taking all appropriate steps to minimize the impact of the outbreak.It sure sounds worse than that.
Top among those is declaring the public health emergency. As part of that, Napolitano said roughly 12 million doses of the drug Tamiflu will be moved from a federal stockpile to places where states can quickly get their share if they decide they need it. Priority will be given to the five states with known cases so far: California, Texas, New York, Ohio and Kansas.
Napolitano called the emergency declaration standard operating procedure — one was declared recently for the inauguration and for flooding. She urged people to think of it as a "declaration of emergency preparedness."
DHHS has declared a "public health emergency," a legal designation that permits certain public health resources like a portion of the 50 million courses of antivirals in the Strategic National Stockpile (SNS) to be prepositioned in the states should the need arise.Read More......
Even as the industry’s compensation has been put in the spotlight for being so high at a time when many banks have received taxpayer help, six of the biggest banks set aside over $36 billion in the first quarter to pay their employees, according to a review of financial statements.Yeah, and screw this clown as well. What about the "capital" that used to be in the 401K and retirement plans? It's more than fair that everyone else should get their jobs back and recover their own personal losses before Wall Street banksters get to buy a new house in the Hamptons. Read More......
If that pace continues all year, the money set aside for compensation suggests that workers at many banks will see their pay — much of it in bonuses — recover from the lows of last year.
“I just haven’t seen huge changes in the way people are talking about compensation,” said Sandy Gross, managing partner of Pinetum Partners, a financial recruiting firm. “Wall Street is being realistic. You have to retain your human capital.”
A new strain of swine flu has this metropolis of 20 million people increasingly fearful as suspected flu deaths grow, and world health officials warn that Mexico City could be at the epicenter of a global epidemic.And, cases have been reported in the U.S., via Reuters:
Everything from concerts to sports matches and church services were canceled Sunday to keep people from congregating and spreading the virus in large crowds.
President Felipe Calderon assumed new powers to isolate people infected with a deadly swine flu strain that Mexico's health minister says has killed up to 81 people and likely sickened 1,324 since April 13.
While all the deaths so far have been in Mexico, the flu is spreading in the United States. Eleven cases were confirmed in California, Kansas and Texas, and eight schoolchildren in New York City caught a type A influenza virus that health officials say is likely to be the swine flu.Read More......
Meet the Press hosts WH press sec. Robert Gibbs, King Abdullah II of Jordan, and features a roundtable with WH historian Doris Kearns Goodwin and Newsweek's Jon Meacham.Read More......
Face the Nation hosts Sens. John McCain (R-AZ) and Patrick Leahy (D-VT), and features a roundtable with Washington Post's Bob Woodward and "Daily Beast"'s Tina Brown.
This Week hosts Iranian Pres. Mahmoud Ahmadinejad and features a roundtable with Dem strategist Donna Brazile, ex-Bush strategist Matthew Dowd, Financial Times' Chrystia Freeland, New York Times' David Sanger and George Will.
Fox News Sunday hosts NEC Chair Lawrence Summers, Sen. Kit Bond (R-MO) and Sen. Carl Levin (D-MI). The "Power Player" is Commanding General of Walter Reed: Maj. Gen. Carla Hawley-Bowland.
State of the Union hosts sr. WH adviser Valerie Jarrett, Sen. Dianne Feinstein (D-CA), Sen. Lindsey Graham (R-SC), Sen. Joe Lieberman (I-CT), GOP strategist Mary Matalin, Dem strategist James Carville, ex-Clinton CoS John Podesta, ex-Reagan CoS Ken Duberstein and ex-WH adviser David Gergen.
Figures compiled for the Sunday Times Rich List 2009 reveal that the number of billionaires has fallen from 75 to 43 in the past 12 months.Read More......
Lakshmi Mittal, the London-based steel magnate, was the biggest loser among the billionaires after his fortune dropped by almost £17bn to £10.8bn. But he retains his place as Britain's richest man for the fifth year running.
Roman Abramovich, the Russian owner of Chelsea Football Club, keeps his position at second on the list despite also suffering from the downturn. His fortune has fallen to £7bn from £11.7bn. The richest British-born billionaire is the Duke of Westminster. His fortune, mainly based on property, has shrunk from £7bn to £6.5bn.
Collectively, the 1,000 multimillionaires on the list are worth £258bn, down from last year's record total of £413bn.
The latest inflammatory remarks from serving policemen over the treatment of G20 protesters surfaced after it emerged that PC Rob Ward, 27, had allegedly bragged on Facebook how he was going to "bash some long-haired hippies" at the G20 demonstrations. On Friday, Met commissioner Sir Paul Stephenson responded to rising anti-police sentiment following Mr Tomlinson's death by announcing a new regime of "intrusive supervision" to root out rogue officers.Read More......
Meanwhile, the prospect of more Met officers facing criminal investigation for assaulting G20 protesters appears to be increasing, after lawyers revealed they had accumulated evidence indicating that more than 25 people may have sustained head injuries in the protests.
London law firm has collated material indicating that 14 protesters sustained wounds to the head caused directly by police violence. Another 15 cases are being examined in which people were punched or struck in the face by police riot shields or batons and suffered injury or trauma wounds.
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