Daily Archives: June 28, 2011

Turns out Carr is from a ‘middle’ place, too

June 28, 201112:54 p.m.

New York Times media columnist and former Minnesotan David Carr likened people who live in Kansas, Missouri and “the middle places” to Neanderthals on “Real Time With Bill Maher,” suggesting “that’s the dance of the low, sloping foreheads.” Afterward, a regretful Carr turned to Twitter:

“Have always enjoyed #TheTwitter setting on fresh pickings when somebody said something dumb. Then my turn came.”

“I hate being the guy who condescends, however accidently, to those pple that make America cool and fun.”

“To all of America, at least the middle place that I come from, I apologize for saying something so, so dumb on Bill Maher last night.”

“Live tv will get away from you and you will say some stupid stuff. which I did.”

“There was a second beat to that thought I never got to. But my Mpls. brothers are smacking me down. hard. all deserved.”

By Rhonda Holman | Filed under Media | Comments Off

CEO salaries key driver of income disparity

June 28, 20116:00 a.m.

The income disparity between the wealthy and everyone else is at levels not seen since the Great Depression. Yet until now, economists haven’t known what professions were driving this disparity. “Now a mounting body of economic research indicates that the rise in pay for company executives is a critical feature in the widening income gap,” the Washington Post reported. A review of tax returns indicates that CEOs and other managers make up the largest percentage of the highest-income earners. And their pay has been skyrocketing. “Executive compensation at the nation’s largest firms has roughly quadrupled in real terms since the 1970s, even as pay for 90 percent of America has stalled,” the newspaper reported.

By Phillip Brownlee | Filed under Business, Economy | Comments Off