Category Archives: Uncategorized

US Firms Paid More to CEOs Than Taxes in 2010

This just isn’t right….

From CNBC:

 

Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday. It also found many of the companies spent more on lobbying than they did on taxes.

At a time when lawmakers are facing tough choices in a quest to slash the national debt, the report from the Institute for Policy Studies (IPS), a left-leaning Washington think tank, quickly hit a nerve.

After reading it, Democratic Representative Elijah Cummings, ranking member of the Committee on Oversight and Government Reform, called for hearings on executive compensation.

In a letter to that committee’s chairman, Republican Darrell Issa, Cummings asked “to examine the extent to which the problems in CEO compensation that led to the economic crisis continue to exist today”.

He also asked “why CEO pay and corporate profits are skyrocketing while worker pay stagnates and unemployment remains unacceptably high”, and “the extent to which our tax code may be encouraging these growing disparities”.

In putting together its study, IPS chose to compare CEO pay to current U.S. taxes paid, excluding foreign and state and local taxes that may have been paid, as well as deferred taxes which can often be far larger than current taxes paid.

The group’s rationale was that deferred taxes may or may not be paid, and that current U.S. taxes paid are the closest approximation in public documents to what companies may have actually written a check for last year.

$16.7 Million Average

Compensation for the 25 CEOs with pay surpassing corporate taxes averaged $16.7 million, according to the study, compared to a $10.8 million average for S&P 500 [.SPX  1219.64    6.72  (+0.55%)   ] CEOs. Among the companies topping the IPS list: eBay [EBAY  30.885    -0.065  (-0.21%)   ] whose CEO John Donahoe made $12.4 million, but which reported a $131 million refund on its 2010 current U.S.taxes.

via Fiscal Policy: US Firms Paid More to CEOs Than Taxes in 2010: Study – CNBC.

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Remembering Eva Cassidy…

I promise to get off my soapbox after this post, but my previous post made me think of Eva Cassidy again.

She was a beautiful, talented vocalist who died from Melanoma at the age of 33 in 1996.

I can only think what she may have done if she had lived, but she did leave behind a few beautiful CD’s and taped performances….

And listening to Eva is always a good way to start the weekend….

And her last performance:

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States Consider Banning Teens From Tanning Salons to Help Prevent Melanoma

This would be a very good thing for all the states to adopt.  I know some people are going to complain about “the Nanny State,” but….

I had multiple Melanoma surgeries on my face- yes, my face!  One required removing a part of my face as big as a golf ball. And I am an image-conscious, vain, gay man, so that was more than a little traumatic.

My doctor said Melanomas in that specific spot were almost always the result of tanning bed use when the person was younger.

Luckily, I’ve had no recurrence for over two years.  And I had a very good Plastic Surgeon.  If I had known he was as good as he was, I would have had him do a few other things while he was doing the repairs and reconstruction.  I would now have the eyes of a thirty-year-old.  Another missed opportunity….

Anyway, we all need to remember that Melanoma is one of the deadliest forms of cancer if it is not caught in time.  Take it seriously and try to prevent it.  Look on the soles of your feet – they hide there- as well as your face and back.  Go to a Dermatologist if you see anything suspicious.

This law is really common sense, but sometimes we have to try to legislate common sense.  When I was 25, looking good at that moment was the most important thing to me.  I wasn’t thinking of risks down the road.  We should at least try to save the teens from themselves- and their idiot parents- as they are at the most susceptible for damage from the tanning beds.  And they may not know it for 20-30 years.

End of sermon…..

From The Huffington Post:

– If a proposed law passes, California teens under 18 will need a fake ID to “fake and bake” themselves to a golden brown.

Citing skin cancer risks, legislators have joined lawmakers in at least 21 other states who have debated bills this year to ban or restrict tanning bed use by minors.

via States Consider Banning Teens From Tanning Salons.

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Pat Robertson: How Do You Explain This One?

Again, I’m going to try to follow Pat Robertson’s illogical logic…

In the video below, he talks about this week’s Virginia earthquake causing cracks in the Washington Monument and implying that it is symbolic and a message from God…

Well, there is a major Hurricane heading right for Pat Robertson’s Headquarters in Virginia Beach.  I wonder what he will have to say about that….

Maybe this is also symbolic and a message from god?

I somehow don’t think he’ll see it that way….

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Rick Perry Vaults Into Lead For GOP Nomination In Two National Polls

This is getting to be fun…

Public Policy Polling is one of the most accurate pollsters in the country.

Rick Perry, aka Governor Goodhair,  is not only evil, but certifiably crazy.  See previous posts on this blog and elsewhere….

President Obama should be able to destroy him, but it would be one of the nastiest campaigns ever seen.

Of course, Governor Goodhair may yet fade. Karl Rove and the Bushies hate him and will do all they can do to bring him down.  But the GOP Primary voters are so crazy, it might not matter what anyone says or does….The crazier the candidate, the more they like them.  See how well Michele Bachmann polls here, as well…

Poor Willard Romney, he’s starting to see it all slip away.  I guess that’s why he needs that big, new retirement house in California….

From TalkingPointsMemo.com:

Former Mass. Governor Mitt Romney has been the frontrunner in most national polls of the GOP primary over the last year, and the general punditry considered it his nomination to lose, at least at first. And while it’s still early, new polling released on Wednesday shows his unchallenged time at the head of the pack may be over.

A new national Gallup poll of GOP and GOP-leaning voters shows Romney, who had more than a quarter of the total vote in Gallup’s June numbers in the same poll, has fallen to 17 percent, while newly minted candidate Tex. Gov. Rick Perry surges to 29 percent and the lead. Rep. Michele Bachmann (R-MN), considered a top contender, falls to fourth with 10 percent, behind Rep. Ron Paul (R-TX) at 13 percent. The rest of the field is in single digits.

Public Policy Polling (D) also came out with a national poll of GOP voters on Wednesday, which showed similar results. In that survey, Perry leads with 33 percent in the field of announced candidates, followed by Romney at 20 percent and Bachmann at 16. The rest of the field in that poll were also in single digits.

Both polls showed Perry’s favorability ratings are very high among Republican primary voters. Gallup recently published “positive intensity scores” on the GOP field (a metric that measures strong favorability against strong unfavorability), which show Perry as the highest rated of the GOP major contenders, although less known. In the PPP poll, Perry registered a 64 percent favorablility rating against 17 unfavorable, a number that reflected findings in another PPP poll released Tuesday of Iowa GOP voters.

The Gallup poll included live telephone interviews conducted from August 17th to 21st with Republicans and GOP-leaning independents, and has a sampling error of four percent. The PPP national poll used 663 automated interviews conducted from August 18th to the 21st with GOP voters, and has a sampling error of 3.8 percent.

via Perry Vaults Into Lead For GOP Nomination In Two National Polls | TPMDC.

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Congress Has an Answer for Public Wrath: Eliminate Town Halls

Remember a couple of years ago, there were all those staged town halls with Tea Baggers ranting against health care reform?

That scared the Dems for life…

Well, the Republicans aren’t about to let that happen to them.  They are canceling their August Recess Town Halls or making people pay to attend.  So much for going back home and talking to the constituents they allegedly serve.  They aren’t about to allow those “YouTube” moments to occur or be captured.  If they do happen to have a town hall, most Reps are barring cameras and recording devices.

Paul Ryan  is just having people evicted from his office and/or arrested.

What was that Hillary said back in the 1990’s about a “vast right-wing conspiracy”?

From MotherJones.com:

Congress approval rating—currently 13 percent, according to Gallup—is at a historic low, and its disapproval rating, at 84 percent, is at a historic high. Many Americans eagerly awaited Congress August recess so they could use town hall meetings and other public appearances to  give their elected officials a piece of their mind. Theres just one problem: most of Congress isnt scheduling any town halls. None. Zilch.The think tank No Labels called the offices of all 430 active members of Congress and found that 60 percent of them werent scheduling town hall meetings. According to No Labels analysis, more Democrats than Republicans are shutting themselves off from their constituents: 68 percent of Dems and 51 percent of Republicans hadnt planned a town hall during Congress weeks-long summer break. Click here to see if your representative or senator is planning a town hall or not.Not to be ignored, angry citizens, at least in one high profile district, have taken action to get some attention. Last week, a handful of unemployed constituents organized a sit-in in GOP Rep. Paul Ryans office in Kenosha, Wisconsin, while 100 protesters picketed outside. Ryan in particular has drawn heaps of criticism for his plan to eliminate Medicare as we know it and refashion Medicaid into a state-based block grant program. In the end, Ryans staff had police remove the protesters from the office, which was done peacefully.Paul Ryan has made himself available during the recess—but for a price. Thats right: Ryan and other lawmakers are now charging constituents to attend public events and ask them questions. Ryan wanted $15 a head. Rep. Dan Quayle R-Ariz., Politico reported, is charging $35 from attendees who want to ask him questions over a catered lunch at a Phoenix law firm. Rep. Chip Cravaack R-Minn. also wants money—$10 a person—to attend an his event, which is hosted by the National Federation of Independent Businesses.Why the ticket price? At the very least, its a way to weed out the unemployed and financially burdened, who are also the most likely to give lawmakers an earful for the dismal state of the labor market and sluggish economic recovery. As Scott Page, a twice laid-off worker who participated in the sit-in inside Paul Ryans office, told a local blogger, “I dont have $15 to ask Rep. Ryan questions, so I guess this is the only means I have to talk to him.”

via Congress Has an Answer for Public Wrath: Eliminate Town Halls | Mother Jones.

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Large Things That Could Fit Inside Mitt Romney’s New House

Remember Mitt Romney?  The “unemployed” millionaire, former GOP favorite and candidate who considers Corporations “people”?

Well, here is some more information that shows just how much he is “just like us”….

More like shows just how much he “just doesn’t get it”….

From Vanity Fair.com:

The Huffington Post reports that uniquely unlikeable presidential candidate Mitt Romney “has filed an application with the San Diego government to bulldoze [his $12 million] 3,009-square-foot beachfront house in La Jolla, California, and replace it with a 11,062-square-foot property.” What sorts of things could Romney fit inside his new house? Tons of things, it turns out.

  1. The Memphis-area Enterprise-Rent-A-Car facility
  2. The Waubonsee Community College ceramics studio
  3. The Manhattan office of Bonobos, the men’s clothing store
  4. The meat locker at the Harlem Fairway
  5. The Diane Von Furstenberg flaship store in New York’s Meatpacking District
  6. The Condé Nast cafeteria
  7. The Music Hall of Williamsburg
  8. Jennifer Aniston’s old house
  9. The top-of-the-line luxury spa at the Trump International™ Hotel & Tower Las Vegas
  10. The world’s largest whale

via Large Things That Could Fit Inside Mitt Romney’s New House | Blogs | Vanity Fair.

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*Government* Jobs Led To Perry’s Texas Economic Boom

Governor Goodhair is not going to like this little bit of information from TalkingPointsMemo.com:

On the campaign trail, governor Rick Perry will claim credit for the so-called Texas miracle. His state weathered the housing and jobs crises better than many others, and he’ll happily tell voters it was the result of his small government conservative approach to running things.

But his state’s relative success has a lot to do with things out of his control — population growth resulting from an influx of immigrants from Mexico and of workers and retirees from other U.S. states, and high oil company profits, to name just a couple. Oh, and also federal stimulus.

What’s that you say?!

Despite being one of the loudest critics of President Obama’s stimulus, Perry used billions of dollars of federal money to patch Texas’ budget shortfalls, and was thus able to create and maintain lots and lots of public sector jobs. In fact, if you look at net job creation between 2007 and 2010, it’s clear the only thing keeping Texas buoyant was government jobs.

via CHART OF THE DAY: *Government* Jobs Led To Perry’s Economic Boom | TPMDC.

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Happy Birthday Hubbell Gardner and the Sundance Kid: Robert Redford is 75 Today

I really can’t believe it….

The Golden Boy is 75 years old today.  Actor, Director, Humanitarian, Activist and Steward of the Earth Robert Redford is 75 today.

Here are a few of my favorite memories of this one of a kind legend:

First, my all time favorite Redford film that featured him at his most beautiful and iconic:

Another iconic performance with another icon, Paul Newman:

A little-known film that was one of his first and one of my favorites.  “Inside Daisy Clover” with his dear friend, the wonderful Natalie Wood:

Another quirky, very different film from the ’70’s, “Jeremiah Johnson”:

And finally, the classic film about Politics, “The Candidate”, that he produced himself in 1972:

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American Idiots: How Washington is Destroying the Economy

Interesting article in “Fortune” magazine written by a soon-to-be ex-Republican.

Even the Business community and Wall Street are getting fed up with the Tea Party Republicans running the show in Washington and acting like spoiled children.

And these guys live in fear of the party nominating one of the extremist like Michele Bachmann or Rick Perry.  They don’t recognize the existence of Sarah Palin or little Ricky Santorum.

These are the guys who supported George W Bush and the other Republicans in the past because they served their financial interests.  They don’t give a damn about social issues.

Now, the GOP is dependent on the Tea Party followers, who are economically ignorant, racist and irresponsible and the Religious Right, who these guys despise.

They are wondering where all their friends, the Country Club Republicans, went….

I have an answer:  They are now Democrats.

From Fortune.com:

 

The root of our current problem is that there are no grownups in positions of serious power in Washington. I’ve never felt this way before — and I’ve written business stories for more than 40 years, and about national finances for more than 20. Look, I certainly don’t worship Washington institutions. I called former Federal Reserve chairman Alan Greenspan the “Wizard of Oz” when he was known as the “Maestro.” I’ve said for more than a decade that the Social Security trust fund had no economic value and would be useless when the system’s cash flow turned negative — which I also predicted. But despite being an irreverent professional skeptic, I never felt there was a total absence of adult supervision in our nation’s capital. Now I do.

via American Idiots: How Washington is destroying the economy – The Term Sheet: Fortune’s deals blog Term Sheet.

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