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Archive for December 16th, 2011

Both the Emperor’s commands and yours [person in authority] must be obeyed if they are not contrary to the God of heaven. If they are, they must not only not be obeyed; they must be resisted.

                                                                                                                                                                                                                                                                                                                                                                          – St. Euphemia

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 “Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.

The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and families.”

More: http://www.washingtonpost.com/business/economy/nearly-half-of-americans-are-low-income-as-rising-expenses-unemployment-shrink-middle-class/2011/12/15/gIQAP7SEvO_story.html?tid=pm_business_pop

Meanwhile, the rich get richer:

“Chief executive pay has roared back after two years of stagnation and decline. America’s top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.”

More: http://www.guardian.co.uk/business/2011/dec/14/executive-pay-increase-america-ceos?newsfeed=true

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