The SEC is dragging its feet implementing a section of the Dodd-Frank reform that would require publicly traded companies to calculate the ratio between the CEO’s pay and that of the firm’s median pay package. The New York Times editorial board urges them to push forward.
FDR's 1944 State of the Union Address was a landmark statement of a comprehensive definition of American freedom. In the 1930's and 1940's the right-wing Liberty League, founded by the Du Pont's and other wealthy industrialists, articulated a freedom from the "abusive powers of government" as their central cause. Today it's ALEC, American's for Prosperity, the Tea Party and other corporate sponsored groups that pretend to stand for freedom and liberty.
Coalitions in Missouri, Illinois, Maryland and Massachusetts have launched campaigns to increase the minimum wage in their states. Students in the city of San Jose, California collected thirty thousand signatures to put a minimum wage hike on the city’s November ballot.
By Peter Dreier and Donald Cohen Grover Norquist is fast becoming the man everyone loves to hate – except those who fear him. Norquist, the leader of Americans for Tax Reform, is both the architect and enforcer of the Republican Party’s obsessive opposition to all taxes – an obsession that threatens to drive America off a fiscal cliff.
Every Republican running for president (except John Huntsman) has signed Norquist’s no-tax pledge. So have 13 governors, 1,300 state legislators, 40 of the 47 Republicans in the Senate, and 236 of the 242 Republicans in the House.