The Swiss are considering limiting the compensation of chief executive officers to a 12:1 ratio, but Americans can’t even get banksters to reveal the comparison of their pay to the average salary; Germany wants to impose a financial transactions tax; meanwhile, in London the per-capita income is 90 percent higher than in the rest of Britain. These discoveries and more below.
On a regular basis, Truthdig brings you the news items and odds and ends that have found their way to Larry Gross, director of the USC Annenberg School for Communication. A specialist in media and culture, art and communication, visual communication and media portrayals of minorities, Gross helped found the field of gay and lesbian studies.
Mistake to Pass Gay Law Before Olympics
Russia’s sports minister says passing the gay “propaganda” law that sparked calls for boycotting the Sochi Olympics was a mistake — not because of its contents but because of its timing.
The Evolution of Driving in America
Contrary to the enviro stereotype, I like cars and I like driving. Those who know me well know I’m telling the truth and, if you’re looking for a purist manifesto, you’ve found the wrong guy.
Neil Irwin, in commenting on the fact that the per-capita income in London is now 90 percent higher than the rest of Britain (which means it’s twenty percentage points higher than it was in the late-1990s), suggests a modified version of Dutch Disease:
The Extraordinary Pierre Omidyar
The world knows very little about the political motivations of Pierre Omidyar, the eBay billionaire who is founding (and funding) a quarter-billion-dollar journalism venture with Glenn Greenwald, Laura Poitras and Jeremy Scahill.