Widening income inequality
Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000.
Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock and other compensation, according to data analyzed by Equilar for The Associated Press.
Pay for typical workers at these companies isn’t rising nearly as quickly. The median increase was 3% last year, less than half the growth for the top bosses. Median means half were larger, and half were smaller. More
Bitter sweet victory
Richard Ashcroft has regained rights to his song Bitter Sweet Symphony after more than two decades, after Sir Mick Jagger and Keith Richards agreed to hand over their legal entitlement to royalties.
The Verve singer lost the rights to his most recognizable song in 1997 thanks to a four-second orchestral sample of Rolling Stones song The Last Time used as a backing track.
The Pentagon has finally uttered the words it always avoided when discussing the possible existence of UFOs — “unidentified aerial phenomena” — and admits that it still investigates reports of them.
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