Bear Left!

Fact of the Week

**Fact of the Week**
From 1999 to 2001, the chief executives officers at major American corporations had compensation equal to over 270 times that of an average worker. In other words, they made more in one working day than the average worker earned in a year. In 1965, by contrast, the average CEO earned 26 times that of an average worker. Source: Economic Policy Institute, 24 July 2002.

**This week's columns**
Delay(ed) Reaction Paul Corrigan When it comes to corrupt corporate kingpins, Republicans feel politically vulnerable but not responsible. Go to article!	Outsource the Executive Suite Tim Francis-Wright If moving mundane tasks abroad in search of cheap labor is a good idea, why not do the same for management instead? Go to article!

What Scandal? It's Business as Usual: What capitalism unchained is perpetrating now is what it always has and always will perpetrate (Wayne O'Leary, Portland Press-Herald).
JPEG's Are Not Free: Patent Holder Pursues IP Grab: A Texas company is starting to demand royalties for the use of JPEGs (Andrew Orlowsky, The Register). (Fortunately, its patent may be bogus.)
Did Telecom Reformers Dial the Wrong Number?: The root of a series of bankruptcies may be the sweeping deregulation of the 1990s (Michael Hiltzik and James Peltz, Los Angeles Times).
Bush Set to Flout Test Ban Treaty: American nuclear weapons laboratories are readying tests of new arms and the administration maintains an ambiguous position towards the landmark treaty (Peter Beaumont, The Observer).
Can Liberals Save Capitalism (Again)?: Seven decades after the Great Depression, Democrats have their work cut out for them (Robert Kuttner, The American Prospect).
Asleep at the Switch: When shareholders sued WorldCom for doing what drove it bankrupt, a judge with political ties threw out the suit, and no one else noticed (Neil Weinberg, Forbes).
I.R.S. Loophole Allows Wealthy to Avoid Taxes: Insurance companies are ripping off the IRS by abusing a legal loophole (David Cay Johnston, New York Times).
Corporate Scandal Trading Cards: Enough bad news! You might tell the players without these excellent cards, but why not have them anyway (Slate.com)?

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