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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
Kristen Welker announced her topics for 10/22 on 10/16. We agree with Jason Miller, who said on Fox that Kristen is "a journalist who's very fair in her approach and I think that she'll be a very good choice for this third debate."— CPD (@debates) October 20, 2020 274

Jasmin Lara does not consider herself a hero. She is a mom, doing something extraordinary to protect what is most precious in the world.“My oldest, Alexander, he’s 7 now,” Lara said. “When he was a toddler, he had a lot of respiratory infections. I was constantly in the emergency room with him. Turns out he had enlarged tonsils.”This moment motivated her to do something she had never thought of accomplishing: she enrolled in college to become a nurse and help her child.Lara is one of the hundreds of new health care students across the country to answer the call in the battle against COVID-19. Their training is not the same as it was a year ago, when hour-long, in-person lectures prepared students.Currently, future nurses can watch 10-minute YouTube video lectures from home, develop critical thinking skills via online virtual simulation clinics and interactive digital case studies.Fortunately for these students, the school finalized construction of their new state of the art labs in the summer amid the pandemic. 1034
Journalists are boycotting coverage of films from Walt Disney Studios in order to show solidarity with the L.A. Times, which is being blocked by the company.Entertainment sites like The A.V. Club and Flavorwire, as well as a pop culture writer for the Washington Post, said they would curb their Disney coverage until the ban of the Times was lifted."It's a dangerous precedent that Disney is setting: Write an unfavorable story—one that Disney hasn't disputed factually, even—and it will blacklist your publication, punishing independent journalism by using its massive corporate influence," wrote A.A. Dowd, the A.V. Club's film editor.Last week, the Times explained in an editor's note that Disney's films were not included in its annual Holiday movie preview because of a story the Times published in September that examined the business relationship between the company's Californian theme park -- Disneyland -- and the city of Anaheim.Disney put out a statement Friday saying that while they work with news organizations they "don't always agree with," the Times "showed a complete disregard for basic journalistic standards" in relation to the Disneyland story and that's what led to the ban.The A.V. Club said it was following in the footsteps of the Post's Alyssa Rosenberg, who explained on Monday that even though she's excited to see Disney films like next month's "Star Wars: The Last Jedi," she can't "in good conscience attend similar showings or write reviews in advance" as long as Disney is blocking the Times from press screenings.She added that she doesn't speak for the Post, and that until the Times' critics are "treated like everyone else and welcomed back to press screenings," that she'll write about the films after they are released."I like a lot of movies that come out of the Disney corporate behemoth," she wrote. "But I like journalistic independence from corporate influence more. This is a fine price for me to pay for it."On Monday, Flavorwire also joined the boycott saying that they will "withhold the only thing we have of value to that studio: the free advertising provided by not only reviewing their films, but write-ups of their trailers, production announcements, casting rumors, and so on."They added that while they are a tiny platform they hope that if larger outlets are willing to join that "maybe that will move the needle a little."Disney did not immediately respond to request for comment regarding this story. 2509
KANSAS CITY, Mo. — An attorney has filed a lawsuit against Ripley Entertainment, Inc. on behalf of some members of the Indianapolis, Indiana family killed in a duck boat incident in Branson, Missouri.The Ride the Ducks Branson vehicle capsized and sank on July 19, amid strong storm winds and taking on too much water. Seventeen people died, including the driver of the boat and nine members of a family of 11 on vacation from Indianapolis. The victims’ ages ranged from just 1 year old, to 76 years old.The lawsuit alleges wrongful death, outrageous conduct and negligence in the incident, and seeks at least 0 million in damages.Attorney Gregory W. Alshire is representing John D. Coleman, the administrator of estate for Ervin Coleman, killed in the incident, along with Lisa D. Berry and Marlo Rose Wells, who are the administrators of estate for victim Maxwell Ly. 895
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