From Think Progress:
Compensation for chief executives at American companies grew 15 percent in 2011 after a 28 percent rise in 2010, part of a larger trend that has seen CEO pay skyrocket over the last three decades. Workers, on the other hand, have been left behind.
Since 1978, CEO pay at American firms has risen 725 percent, more than 127 times faster than worker pay over the same time period, according to new data from the Economic Policy Institute:
From 1978 to 2011, CEO compensation increased more than 725 percent, a rise substantially greater than stock market growth and the painfully slow 5.7 percent growth in worker compensation over the same period.
Homophobia is no fun unless you can add racism to the mix:
The wife of a sponsor of North Carolina’s Amendment One, a proposed change to the state’s constitution that would ensure legal recognition only for marriage between a man and a woman, reportedly offered an eyebrow-raising explanation for her husband’s support of the measure.
Jodie Brunstetter, the wife of state Sen. Peter Brunstetter (R), has found herself embroiled in controversy after suggesting that her husband’s role in writing the bill — which passed the Republican-controlled general assembly last fall — was racially motivated.
According to the alternative Yes! Weekly, which picked up the remarks from freelance journalist and activist Chad Nance, Jodie Brunstetter told a poll worker in Winston-Salem, N.C. Monday that the reason her husband “wrote Amendment 1 was because the Caucasian race is diminishing and we need to uh, reproduce.”
Nance had been volunteering for a group opposed to Amendment One while also serving as a campaign manager for Matt Newton, a U.S. House candidate in North Carolina’s 12th Congressional district. After a dispute with the candidate over his decision to make Jodie Brunstetter’s remarks public, Nance resigned from Newton’s campaign.