…even when they reach the highest rungs, women are still paid less than their peers. They make up just 8 percent of the top earners at Fortune 500 companies. They are similarly 8 percent of the top five compensated executives at S&P 500 companies, or only 198 total. Not a single company has more than three women among the best paid execs. In fact, there is just as wide a gender gap at the top as elsewhere…
Image source and full article: http://thinkprogress.org/economy/2013/10/22/2816041/white-men-ceos/
A Justice-Based Sexual Ethic (Part 2)
if I lie and promise a level of commitment that I have no intention of keeping [“Oh, baby, you know I love you and will love you forever…”] for the sole purpose of obtaining consent from someone [“so how about we make out tonight?”], that person is giving consent to something they might not otherwise if I had been completely truthful [“I’m really horny and you’re hot so how about we just suck face for a while?”]. My lie is a misrepresentation of my own concrete reality and thus, I am not obtaining free consent, I am coercing it.
Read full article here: http://trybestpractices.wordpress.com/2013/10/11/a-justice-based-sexual-ethic-part-2/
(Sorry, this will be the last post on financial injustices for today… probably.)
…it’s shocking that for a crisis that drove the global economy off a cliff, caused millions of people to lose their homes and generally spread mass human misery to almost every corner of the earth there is no defining prosecution.
GIF source and article: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/12/this-is-a-complete-list-of-wall-street-ceos-prosecuted-for-their-role-in-the-financial-crisis/
In my previous post, I linked to a post where AIG CEO, Robert Benmosche likened people who were angry at AIG employees who received bonuses to a lynch mob.
Here’s one of the people Benmosche is demeaning:
Stephanie is in the final stages of her fight against breast cancer. She had no other options at the time but to delay treatment until she was accepted by Medi-Cal for those with low income.
Image source and article about Stephanie: http://occupyamerica.crooksandliars.com/diane-sweet/love-and-light-member-99
We’ve heard a lot about tax avoidance and tax breaks for the super-rich. With regard to corporations alone, the Tax Foundation has concluded that their “special tax provisions” cost taxpayers over $100 billion per year, or $870 per family. Corporate benefits include items such as Graduated Corporate Income, Inventory Property Sales, Research and Experimentation Tax Credit, Accelerated Depreciation, and Deferred taxes
Image source and article: http://thecontributor.com/congradulation-youre-paying-6k-year-prop-big-businesses
One member was given $127.41 a day for food on his trip to Argentina. He probably had a fair amount of steak,” the California Democrat continued. “Another member was given $3,588 for food and lodging during a six-day trip to Russia. He probably drank a fair amount of vodka and probably even had some caviar. That particular member has 21,000 food stamp recipients in his district. One of those people who is on food stamps could live a year on what this congressman spent on food and lodging for six days.”
Click through for video and full article: http://videocafe.crooksandliars.com/david/rep-speier-holds-vodka-and-steak-house-floor
(Related to this previous post.)
Because executive compensation in the form of stock is tax-deductible for companies under a 1993 law, and much of the performance-based compensation executives draw is paid in stock, such gaming of performance targets ends up hurting taxpayers. Economist and former Labor Secretary Robert Reich said taxpayer losses due to manipulating performance targets are measured in the billions of dollars.
Image source and article: http://thinkprogress.org/economy/2013/09/13/2620121/ceo-pay-performance-based-cheating/