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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 will meet with top Democratic lawmakers on Friday, his first meeting with Congressional leadership since his projected win in the 2020 election.Biden and vice president-elect Kamala Harris will meet with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer at Biden's transition headquarters in Wilmington, Delaware. The four will meet in private and may speak to the media afterward.The incoming Biden administration will face several challenges after his inauguration, particularly the COVID-19 pandemic. Unemployment is once again on the rise as cases across the country spike, and lawmakers on both sides of the aisle are under immense pressure to strike a deal on a stimulus package — something they have been unable to do since March.Biden is also days away from unveiling his picks for cabinet positions, which require Senate confirmation. Depending on the outcome of two January runoff elections in Georgia, Biden may face an uphill battle in seating his cabinet, as Republicans may control the chamber.The president-elect is also facing resistance from President Donald Trump, who has not yet begun the transition process and is in the midst of an unprecedented push to overturn the results of the election. By failing to concede to Biden, Trump has held up funds that could be used for hiring and information that could aid his first few months on the job.The meeting comes days after Pelosi was elected to another term as Speaker by fellow House Democrats. 1500

Just in time to bring some color to holiday tables this winter, pink pineapples. No, they are not yellow pineapples dyed pink. They are pink pineapples that are grown that color.Del Monte has been working on the Pinkglow Pineapple since 2005 and announced they are now for sale.The food company, known for those little fruit cups, says the Pinkglow Pineapple is juicier and sweeter than normal pineapples, and takes 2 years to grow in the jungle in Costa Rica.They are hand-picked in what Del Monte calls “ultra-limited harvests, uniquely and specially grown by the expert growers.” They arrive without their crown; Del Monte farmers remove it to replant in order to cultivate the next crop.That might be why they cost each.“As a leading supplier of fresh pineapples throughout the world, Fresh Del Monte is committed to continuing to invest in our pineapple research and development program to meet the ever-changing needs of our consumers,” said Pablo Rivero, vice president marketing North America, Fresh Del Monte, in a company statement. 1055

Just had a great meeting with @realdonaldtrump @potus besides what he’s done so far with criminal reform, the platinum plan is going to give the community real ownership. He listened to what we had to say today and assured he will and can get it done. ???? pic.twitter.com/Q9c5k1yMWf— Lil Wayne WEEZY F (@LilTunechi) October 29, 2020 341

JULIAN, Calif. (KGTV) – The San Diego County Sheriff’s Department arrested a man they say punched someone in the face near Julian after accusing him of trespassing.Deputies say they became aware of a series of theft-related crimes on the 5600 block of Eagle Park Road in August.The victims were outdoorsmen enjoying activities in the Cleveland National Forest. On November 6, Deputy Craig Rembold was contacted by a man who was hunting in the area on the 5th when he was accused of trespassing by a local land owner later identified as Frank Martinez, 54.During the conversation, Martinez punched the man in the face, causing significant injuries to the victim. On November 15, deputies arrested Martinez during a traffic stopped. He was taken to jail for battery and firearm violations.Martinez was arrested for battery and firearm violations. It’s unclear if he was involved in the series of thefts. Anyone with information is asked to call Crime Stoppers at (888) 580-8477 . 985

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