Walmart CEO Makes Average Workers Annual Salary Every Hour

From Jonathan Turley:

This is an interesting comparison to judge the runaway executive salaries in this country. It turns out that Walmart CEO Michael Duke’s $35 million annual salary constitutes an hourly wage equal to the annual salary of the average Walmart employee.

New Walmart employees are paid $8.75 an hour — a gross salary of $13,650 a year. Thus, over a single lunch, Duke makes the yearly salary of one of his workers.

College Tuition Has Risen 8.3 Percent This Year

From The Consumerist:

College continues to get irrationally expensive, with tuition at public schools soaring 8.3 percent this year, while private nonprofit schools have upped their costs an average of 4.5 percent. According to College Board findings, the average college grad is saddled with $20,000 in loans.

Bloomberg reports the public school tuition hikes are the largest in seven years, and will only contribute to mountains of debt. Total amount of student loans held has approached $1 trillion.

Question of the Day

What’s your favorite hypothetical question?

I’ve always liked the “If you were attacked by a gang of marauding 5 year olds, how many could you defend yourself against before being overcome?” But, “What’s the biggest animal you could kill with your bare hands?” is a close second.