Fact of the Week
In 2000, the average chief executive officer at the largest American companies
received compensation of $13.1 million. In 1990, that figure was $2.0 million.
To keep pace, the average 1990 minimum wage of $3.69 ($3.35 until 1 April, and $3.80
thereafter) would need to increase to $20.48.
Sources: Business Week surveys from
Department of Labor
Links to the best of the Left on the web
Our Picks for Links of the Week: 20 May 2001
O'Neill Lays Out Radical Vision for Tax: Pity the American corporations!
Our Treasury Secretary wants them to be exempt from taxation
(Amity Shlaes, Financial Times).
Ethnic Similarity Aids Iowa, Dorr Says: Thomas Dorr, the Bush nominee for
the head of the Rural Development program, credits European stock for the success
of three Iowa counties (George Anthan, Des Moines Register).
Shelter Girls Easy Prey: Lax security and a lousy location have
turned Atlanta's emergency girls' shelter into a recruiting ground
for pimps (Jane Hansen, Atlanta Journal-Constitution).
A Perfect Storm?: President Bush is not responsible for the domestic
and international crises facing the United States. But he is responsible for
managing these situations, and that is worrysome (Thomas Friedman,
New York Times).
Jesse's Dangerous Game: Debunking Jesse Ventura's claim that he was a
Navy SEAL in Vietnam (Bill Salisbury, Cursor.org).
Can Insiders Be Outsiders?: The short-term political interest of
the Democratic Congressional leadership is at odds with the long-term project
of rebuilding a vibrant party (Robert Kuttner, The American Prospect).
Timothy McVeigh is a Symbol of an Enduring Commitment to Violent Retribution:
Vengeance is the one honest explanation for the death penalty (Fergal Keane,
Indian Headcount Soars in America:
Immigrants from India now make up the third-largest Asian immigrant group
in the United States (Chidanand Rajghatta, Times of India)
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Last update 20 May 2001.