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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

Joe Biden’s search for a running mate is entering a second round of vetting for a dwindling list of potential vice presidential nominees, with several black women in strong contention.Prominent Democrats with knowledge of the process said Biden’s vetting committee has narrowed the choices to as few as six serious contenders after initial interviews. Among those still in the mix are former presidential candidates Kamala Harris and Elizabeth Warren. A potentially surprise inclusion is Susan Rice, who served as President Barack Obama’s national security adviser.Harris went after Biden last June during the first Democratic presidential debate for his stance on school busing early in his tenure as a US senator. Harris then dropped out of the race in late 2019, and remained neutral before endorsing Biden in March.Also seeking the Democratic nomination, Warren briefly attained frontrunner status in polling during the fall. Her polling numbers began to sour in October as she became a huge target on a 12-person debate stage in Ohio. Warren faced attacks from a number of other candidates for her lack of specifics for paying for a universal healthcare plan – a plan Biden opposes.Warren remained in the race through Super Tuesday, failing to win a single state during the primaries. She endorsed Biden in April after Sen. Bernie Sanders dropped out of the race.Rice has not run for major elected office, but gained her bona fides in both the Clinton and Obama administrations. She was appointed as the Assistant Secretary of State for African Affairs during President Bill Clinton’s second term.She then became President Barack Obama’s ambassador to the United Nations in his first term in office, and his national security advisor during his second term.Rice’s response to the attack on the US embassy in Libya in 2012 garnered mass media scrutiny. Rice said she received CIA talking points that indicated the attack on the embassy was a spontaneous attack sparked by a hateful video. The United States’ response to the attack under Obama was the subject of a number of congressional hearings. 2109

LA JOLLA, Calif. (CNS) - Thousands of University of California service workers are expected to begin a three-day strike Monday at campuses and medical facilities across the state, including at UC San Diego's Jacobs Medical Center in La Jolla.Service workers represented by Local 3299 of the American Federation of State, County and Municipal Employees voted overwhelmingly last month to authorize a strike if no progress were made in negotiations.UC officials have repeatedly criticized the union for calling the strike, accusing it of rejecting an offer of "fair, multi-year wage increases and excellent medical and retirement benefits."In light of the impasse, the university system last month imposed contract terms on the union for the 2017-18 fiscal year, including 2 percent pay increases. The UC's latest contract offer to the union included annual 3 percent raises over the next four years, according to the university.The union denounced the move to impose contract terms, responding by issuing a notice of a strike set to last until Wednesday."We've bargained in good faith for over a year to address the widening income, racial and gender disparities that front-line, low-wage workers at UC are living every day," AFSCME Local 3299 President Kathryn Lybarger said. "Instead of joining us in the effort to arrest these trends, UC has insisted on deepening them -- leaving workers no option but to strike."UC officials said in a statement that they "strongly disagree with AFSCME's decision to strike, which will negatively impact patients, students and the UC community.""We are doing everything in our power to limit disruptions on our campuses and medical centers to ensure our patients get the care they need and our students the services they deserve," according to the UC.The UC insisted that its service workers -- including custodians, gardeners, food service workers and facilities maintenance staff -- are compensated at or above the market rate, "and in some cases, by as much as 17 percent higher than comparable jobs."The university Monday said it currently pays workers anywhere between just over ,000 for food service to more than 1,000 for a respiratory therapist.University officials said the union is demanding a 6 percent annual wage increase, "which is twice what other UC employees have received."They said their final offer included, in addition to the pay raises, a lump-sum payment upon contract ratification, health benefits consistent with those of other workers and continuation of pension benefits for existing employees. New employees would be given a choice between a pension or a 401(K)-style retirement plan.Lybarger, however, accused the university of "subverting" the bargaining process by imposing contract terms on workers. 2787

Kicker Landon White left the Eastern Kentucky University football team while taking a big shot at the program on his way out of the locker room.The Madison Central grad grew disgusted with what he said have been poor, or even nonexistent, safety measures as it relates to the team and its handling of player safety during the COVID-19 pandemic.White claimed in an Instagram post that no one on the team has been tested since July 6. He said symptomatic players are practicing with the team and that positive test results are not being reported.He also accused head coach Walt Wells of being more concerned about the 0,000 payout for playing West Virginia than he is about player safety.LEX 18 has attempted to contact White, but so far has not heard back.Matt Roan, Director of Athletics at Eastern Kentucky University, said in a statement that "egregiously or willfully ignoring safety guidelines, or our established protocol by any of our athletic programs, staff or students is a serious issue and will not be tolerated."Read the full statement below: 1065

JACKSON, Miss. (AP) — A Mississippi man freed from prison last year after 22 years will not be tried a seventh time in a quadruple murder case. A judge dismissed the charges Friday after the state attorney general's office said prosecutors no longer had any credible witnesses. Curtis Flowers was released from custody Dec. 16 for the first time in 22 years. Flowers was convicted four times in the 1996 killings of four people at a furniture store in the north Mississippi city of Winona: twice for individual slayings and twice for all four killings. There were two mistrials. Each conviction was overturned. The U.S. Supreme Court overturned the last conviction citing racial bias in jury selection. 710