How corporations pumped up CEO pay while their low-wage workers suffered in the pandemic
During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks.
A new Institute for Policy Studies report finds that 51 of the country’s 100 largest low-wage employers moved bonus goalposts or made other rule changes in 2020 to give their CEOs 29 percent average raises while their frontline employees made 2 percent less.
Among these 51 rule-rigging companies, average CEO compensation was $15.3 million in 2020, while median worker pay was $28,187 on average. The average CEO- worker pay ratio: 830 to 1.
The battle for the future of farming: what you need to know
It is widely agreed that today’s global agriculture system is a social and environmental failure. Business as usual is no longer an option: biodiversity loss and nitrogen pollution are exceeding planetary limits, and catastrophic risks of climate change demand immediate action. Most concede that there is an urgent need to radically transform our food systems. But the proposed innovations for more sustainable food systems are drastically different. Which we choose will have long-lasting effects on human society and the planet.
Suggested innovations in food systems can be broadly understood as either seeking to conform with – or to transform – the status quo.
America’s year of hunger: how children and people of color suffered most
Investigation of a year’s worth of data reveals the scale of America’s hunger and food insecurity crisis during a year of Covid-19
Black families in the US have gone hungry at two to three times the rate of white families over the course of the pandemic, according to new analysis which suggests political squabbling over Covid aid exacerbated a crisis that left millions of children without enough to eat.
An investigation into food poverty by the Guardian and the Institute for Policy Research (IPR) at Northwestern University found gaping racial inequalities in access to adequate nutrition that threatens the long-term prospects of a generation of Black and brown children.
The Future of Cancer for Americans
At first glance, it appears that little will change between now and 2040 when it comes to the types of cancers that people develop and that kill them, a new forecast shows.
Breast, melanoma, lung and colon cancers are expected to be the most common types of cancers in the United States, and patients die most often from lung, pancreatic, liver and colorectal cancers, according to the latest projections.
The World Economic Forum says it will take an extra 36 years to close the gender gap
WEF measures parity in four ways: economic participation and opportunity, education, health and political empowerment. Data examined by the organization showed that the gap in political empowerment has widened significantly since its 2020 report, while economic participation has improved only slightly.
All Is Clouded by Desire: Global Banking, Money Laundering, and International Organized Crime (International and Comparative Criminology)
Before Enron, before Arthur Anderson, and before Worldcom, there was the Bank of New York money laundering scandal, which hit headlines in 1999. Promising to be one of the most important books on international organized crime, money laundering, and the complicity between legitimate and illegitimate businesses in both the United States and the former Soviet Union, among other places, during the last decade of the 20th century, All Is Clouded by Desire examines the criminal dealings that led to the revelation that the Bank of New York’s Eastern European Division laundered $6 billion for Russian organized criminals and other shady organizations and individuals.
In a series of intrigues that involved crooked Geneva banker Bruce Rappaport and high-level members of the Bank of New York, criminal Russian organizations were able to thrive and prosper during a time when the rest of the former Soviet Union crumbled amidst growing corruption and a declining economy.