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Just over 1 million people filed new jobless claims last week, according to the U.S. Department of Labor’s latest report released Thursday. Another 14.5 million people filed continuing claims, leaving unemployment in the U.S. still startlingly high.Amid high unemployment across the country, a new report is showing executive compensation is growing as CEOs continue to cut millions of jobs.“We find that a CEO now earns about 320 times that of a typical worker in their main industry,” said Lawrence Mishel, a labor economist and distinguished fellow at the Economic Policy Institute, an independent think tank in Washington D.C.Mishel just authored a report analyzing CEO compensation. That report shows how in March and April when some CEOs were reported to have cut their salaries during the economic downturn, it wasn’t as big of a sacrifice as it seemed.“Salaries make up about 5 percent of CEO compensation packages,” explained Mishel. “And it seems like when CEOs say they are making a sacrifice, it’s really, I think, is better for press releases than in that they are actually going to take a cut in their standard of living.”The report shows how CEO compensation growth is affecting workers everywhere.“If you look at CEO compensation since, back over the last four decades since 1978, CEO compensation grew 1,167 percent,” said Mishel. “The compensation of a typical worker grew 13 to 14 percent over that period.”The report shows CEO compensation increased by 14 percent just last year and is set to continue to go up this year, even in a recession with companies having to let go of millions of workers.“The wages of the vast majority, the bottom 90 percent, has grown only half as fast as it otherwise would have had the top 1 percent not really expanded like it did,” Mishel explained.Essentially the “profit pie” has not grown proportionate to CEO compensation growth. So, as CEOs are getting significantly higher compensation, it is taking from the pay other workers.“I think this is a problem of corporate governance and our tax policies, and it needs to be addressed,” said Mishel.Proposed solutions include capping CEO compensation and taxing anything above the cap. EPI also suggests allowing shareholders and company workers to directly have a say in their CEOs' pay. However, both solutions are as controversial as the problem. 2359
KANSAS CITY, Mo. – A new poll released after the Aug. 8 primary shows incumbent U.S. Sen. Claire McCaskill (D – Missouri) in a tie with Republican Missouri Attorney General Josh Hawley.It is a seat the Democrats need to hang onto to have any chance of gaining control of the U.S. Senate. Currently, Republicans hold a 51-49 advantage, with VP Mike Pence able to cast the tiebreaker. The poll, conducted Aug. 8-9 by Missouri Scout, shows the race tied, which is in line with a series of polls conducted in the race since this spring.Both candidates received 47 percent of the vote, with six percent of those polled saying they were undecided.The poll also asked respondents their thoughts on amending the state constitution to permit the use of medical marijuana, with 54 percent of respondents approving.Roughly 60 percent of respondents also said the state should increase its minimum wage to .60 per hour, with a stair-step increase of KFC is running out of ... chicken?The fast food chain has been forced to temporarily close hundreds of restaurants in the United Kingdom after a logistics snafu stopped chicken deliveries.About 800 of the company's roughly 900 locations in Britain were closed as of midday on Monday. Some had opened for business by the afternoon, according to the company's website.KFC, which is owned by Taco Bell and Pizza Hut parent Yum!, said the chicken shortage had been caused by a "couple of teething problems" with its new delivery partner, DHL."We won't compromise on quality, so no deliveries has meant some of our restaurants are closed, and others are operating a limited menu, or shortened hours," KFC said in a statement.DHL acknowledged that a number of its deliveries had been "incomplete or delayed" because of "operational issues." The logistics company said it was working with KFC to solve the problem.KFC switched suppliers from Bidvest Logistics to DHL last Wednesday. Bidvest said that from its perspective, the transition had been "seamless."Franchisees operate 95% of KFC's outlets in the U.K. The company said in a statement that it would pay its staff as normal, and it was encouraging franchisees to do the same.KFC said it is too early to say how long it would take to restore normal service.Related: KFC promises to ditch antibiotic-laden chickenBritain is KFC's largest market in Europe, and one of its top five globally.KFC fans were not happy -- and many used social media to complain and express amusement over a chicken restaurant running out of its signature product.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1692.85 per year to per hour by 2023.The poll was conducted by TJP Strategies, a Democratic consulting firm, on behalf of Missouri Scout, with 1,785 likely 2018 general election votes and a sampling error margin of plus or minus 2.3 percentage points.Missouri is not the only traditionally red state that Democrats hold a US Senate seat in. The seats in North Dakota, Indiana and West Virginia could also be turnovers from the Democrats to the Republicans. For the Democrats to regain control of the Senate, not only would it need to hold on in traditionally red states, but also take two seats from the Republicans. The two best possibilities for the Democrats to make gains in the Senate are in Arizona and Nevada. 1692
JACKSON, Miss. (AP) — A group recommending a new Mississippi state flag has chosen five final designs — three with a magnolia blossom, one with a magnolia tree and one with a shield that has wavy lines representing water. Mississippi legislators recently retired the last state flag with the Confederate battle emblem that’s condemned as racist. By law, the new design cannot have the Confederate emblem and must have “In God We Trust.” Mississippi was the 20th state, admitted into the Union in 1817, but the finalist designs have 21 stars to include the Mississippi Band of Choctaw Indians and other indigenous people.After getting hundreds of submissions, the flag comission narrowed the field to nine designs and asked the public to weigh in via an online vote. Commission Chairman Reuben Anderson noted Tuesday that more than 48,000 people voted, according to MississippiToday.com.“That shows Mississippians have a tremendous amount of interest in what we’re doing,” Anderson said. “We’re not going to disappoint them. We will put forth the greatest flag we can have.”The five final designs will be made into flags, and those will be flown Aug. 25 in Jackson. The Mississippi Flag Commission will decide on a single flag design in early September to put on the November ballot. 1291
KGTV - Two young girls were found safe after an AMBER Alert was issued Saturday evening, and the suspect is in custody, California Highway Patrol confirmed.An AMBER Alert was issued around 7:15 p.m. Saturday evening for a 2014 black and purple Dodge Challenger, California license plate 7WKZ957.The suspect, Anthony Lee Gaines, 29, called police himself after the AMBER Alert was issued, Los Angeles Police said.The girls, ages five and seven, were at their grandmother's house with the suspect, police said.This is a developing story. Stay tuned to 10News for more details. 597
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